Orient Bank Uganda Limited and UnionPay International have announced recently that UnionPay Cards are now accepted at all ATMs and POS terminals of Orient Bank in Uganda. Orient Bank is one of the leading and fastest growing banks in Uganda and currently has more than 25 ATMs and 200+ Points of Sale in Uganda. Announcing
Mastercard has partnered with Selcom to enable local businesses and merchants to accept interoperable digital payments, many for the first time. Consumers are now able to make quick, easy and secure payments with their mobile money wallets or banking apps at Puma Retail Stations across Dar es Salaam. The payment solution will soon be launched
Visa and MoneyGram has announced a strategic agreement that will modernize and digitize the process of sending and receiving money overseas. Utilizing Visa Direct, Visa’s real-time push payments platform, the agreement will enable secure cross border remittances; once live, MoneyGram’s service will enable its users to choose their preferred method of sending and receiving funds.
SABRIC (The South African Banking Risk Information Centre) would like to allay any fears that bank clients may have about contactless bank cards or “tap & go”, in the wake of a video that has been doing the rounds on social media. “A video trending on social media may have created the incorrect impression that
Visa, the world’s leader in digital payments, and international mobile financial services firm Branch have announced a partnership under which Branch will offer custom financing to merchants who accept payment via Visa (Visa on mobile or Card). The loans will provide merchants with funds to grow their business through supplemental stock, infrastructure investment, and other
The first on the continent to access Samsung Pay, South Africans will be able to enjoy this highly innovative, safer, simpler payment method that works anywhere. Staying true to Samsung’s legacy of innovation, Samsung Pay joins the lineage of people-centred technology, allowing users to make secure, simple mobile payments, almost anywhere, when purchasing goods at
Travelstart and Pep have partnered to deliver a service that enables customers to pay for flights in more than 600 Pep stores nationwide. Named Pay@Pep, the partnership will make it easier for those customers who are looking for alternative ways to pay for their flights. Commenting on the partnership, Travelstart head of global partnerships Odette
Contactless payments is expected to reach $2 trillion by 2020, representing 1 in 3 in-store transactions globally. The trend – driven by payment cards and mobile wallets – will see contactless payments equating to 15% of the total point of sale transactions, according to new data from Juniper Research. However, the data shows that contactless
Mastercard and Entersekt have collaborated to enable Nedbank’s customers to make QR payments to Masterpass, Pay@, SnapScan, and Zapper merchants and billers through the Nedbank Money app, whether they are paying online or at a physical point of presence. This market-first development means that Nedbank Money users need just one smartphone app for all major
In Nigeria, a country of nearly 200 million people, 61% of the adult population is un- or underbanked. Fintech companies like Paylater represent a tremendous opportunity to get formal banking services in the hands of Nigerian consumers to provide much needed liquidity for entrepreneurial investment, personal development, or unexpected expenses. Consumer credit is nearly non-existent
