Vendibit, a South African blockchain company, proudly announced re-opening and rebranding of Africas very first “VTM”, a “cryptocurrency-ATM”, sometimes called a BTM, upgraded with Vendibit blockchain technology. The machine originally launched in 2014 to offer Bitcoin purchases will be available to the public and demonstrates how easy it can be to purchase digital currencies like
Mastercard announces the creation of Accelerate, a new initiative to drive growth at scale for the fast-evolving FinTech industry, reflecting the company’s ongoing commitment to this sector. The initiative is designed to support the ambitions of players in the FinTech sector through tailored support arrangements including access to insight, tools, technology and investment to support
nChain and Centbee announced a partnership which will ensure the speedy development of a merchant point of sale (PoS) software development kit (SDK) for the worldwide market. This SDK is an open-source set of tools, processes and interfaces that software developers and system integrators can use to enable retailers to easily and quickly accept Bitcoin
“Financial inclusion is one of Africa’s great success stories of this decade. Mobile money solutions and agent banking now offer affordable, instant, and reliable transactions, savings, credit, and even insurance opportunities in rural villages and urban neighborhoods where no bank had ever established a branch,” noted IFC’s Chief Executive Officer Philippe Le Houerou and Mastercard
Wirecard is launching its new IoT shelf. The showcase combines IoT technologies with biometric facial recognition, thereby granting insights into a seamless purchase and payment experience supported purely by biometric data. Jörn Leogrande, Executive Vice President Wirecard Labs: “The rapid pace of technological progress in the field of IoT reveals that the coming years will
Answering the market’s growing demand for increased convenience and security associated with biometric technology, National Bank of Kuwait and Mastercard announced two pioneering biometric solutions designed to improve online and in-store shopping at a press conference held at NBK Head. Identity Check offers an innovative authentication solution for online transactions, while biometric card features an
PayPal Holdings, Inc. has announced that it has agreed to acquire iZettle, the leading small business commerce platform in Europe and Latin America, for $2.2 billion USD. The acquisition of iZettle significantly expands PayPal’s in-store presence, strengthening PayPal’s platform to help millions of small businesses around the world grow and thrive in an omnichannel retail
Kenya Power and Lightning Company has continually had to deal with grievances from most of its consumers about token pricing. The latter challenge has left many electricity users in Kenya unsatisfied with the current metric of buying tokens. Prepaid metering was deliberately adopted to introduce convenience into power billing systems. It is clear that many
Nearly 80 percent (77) of globally surveyed merchants hold the view that real-time payments will replace the use of payment cards over time, according to new benchmark data, “2018 Global Payments Insight Survey: Merchants,” from ACI Worldwide and Ovum. Comprised of responses from executives across the retail, digital goods, hospitality, telecom and travel sectors, the
McDonald’s, along with its franchisees, in the UK and Ireland has selected Ingenico Group, the global leader in seamless payment, to handle the growth in demand for cashless transactions for the next five years. McDonald’s cites capacity, reliability, performance and security as the drivers for its Next Generation Cashless Solution. In the UK, electronic payments
