Early this year, Orange Money Botswana and EcoCash launched a new partnership to enable better and more affordable access to digital money transfers between Zimbabwe and Botswana. Powered by TransferTo’s global mobile payments network, this service now allows Zimbabwean diaspora, living in Botswana, to use their Orange Money digital wallet to send money back home
BankservAfrica will host a National Payments Systems (NPS) workshop on Thursday, 21 June at the SWIFT African Regional Conference (SWIFT ARC) in Kigali, Rwanda to discuss the region’s progress over the last 12 months for developing a payments system of the future. “At last year’s conference in the Ivory Coast, BankservAfrica started the conversation on
A new payment platform launched by Mastercard, UNICEF and the Ministry of Education in Uganda is gaining traction, reaching over 130,000 registered students in just one year. The mobile app enables parents and caregivers to pay school fees and other school expenses with their mobile phones securely, easily and on time. Kupaa, meaning ‘to fly
Banking and Payments companies should not be afraid of making changes, tackling legacy infrastructure, and embracing new technology. This was the key idea put forward at the ATMIA 2018 Banking and Payments Summit which was held in Cape Town recently. The event, which was hosted by the ATM Industry Association (ATMIA) and Renovite Technologies, brought
Digital money transfer service WorldRemit has joined forces with First Bank of Nigeria Limited (FirstBank) for instant money transfers directly to FirstBank accounts in Nigeria. The new strategic partnership considerably expands WorldRemit’s footprint and allows its customers in over 50 countries to send money to FirstBank accounts directly from their phones. The deal supports WorldRemit’s
FNB launched nav» Money; a digital solution that helps customers improve and navigate the road to financial fitness. This innovative tool is a continuation of the nav» journey which already includes nav» Home and nav» Car. Efforts to manage and understand your financial situation should be an ongoing focus for all South Africans. “The nav»
Project Khokha is a proof of concept designed to simulate a ‘real-world’ trial of a distributed ledger technology (DLT)-based wholesale payment system. The project focussed on providing participants practical experience on aspects of using DLT in a realistic test environment where different deployment models were utilised. The results show that the typical daily volume of
Ingenico Group supported the roll-out of a secure biometric solution in Zambia in partnership with Paycode. This program allowed the distribution of 22 million dollars subsidies in rural Zambia within 3 months. Since 7 November 2017, the program has allowed registered farmers to access a government-funded program, the FISP subsidy, in which farmers make a
Mastercard has announced an initiative to create greater payment consistency by making “tap and go” standard in the next five years. The changes underway ensure that consumers, merchants and governments around the world will be able to take advantage of next-generation digital technology which deliver greater security and convenience. Beginning later this year, Mastercard will
OROBO, the newly-launched money transfer platform from Saana Holdings, is opening up cross-border remittance and bill-payments into Nigeria, Ghana, Kenya, Serria-Leone and supporting financial inclusion in West Africa. The WAY4 digital payments platform provided by OpenWay, a top-ranked digital payments software solution provider, will become the technological backbone of this innovative remittance service. OROBO facilitates
