Cross border e-commerce continues to provide significant growth opportunities for retailers and manufacturers with an international online product offering. According to a 2017 DHL report, cross-border retail volumes are predicted to increase at an annual average rate of 25% between 2015 and 2020 (from USD 300 Billion to USD 900 Billion) – twice the pace of
Standard Chartered Bank has announced the official launch of its digital bank in Côte d’Ivoire. This marks the Bank’s first digital bank in Africa and the first-of-its-kind to open in Côte d’Ivoire. Mr. Bruno Nabagné KONE, Minister of Information technologies and communication of the Republic of Côte d’Ivoire, was the guest of honour at the
Zenith Bank has confirmed that it is in a strategic partnership with Facebook and Twitter to launch a Masterpass QR bot for Facebook messenger, that will enable Nigerian businesses set up digital accounts and accept QR payments. QR Payments (Quick Response Payments) will allow individuals and small business make and receive payments in real time
A modern payments system must not be ruled by what is considered essential in the current ecosystem. In a future where everyone will have their own digital store of value, and any connected device has the potential to be a payments device, the only thing you can plan for is change. This is according to
Mastercard has completed its acquisition of mobile payments technology company Oltio from Standard Bank Group. The acquisition builds on Mastercard’s longstanding relationship with Oltio, a startup that pioneered and patented several mobile payments and banking solutions, including an authentication technology. Today, that technology enables consumers to authenticate Masterpass digital wallet purchases in South Africa using
Visa has announced that its Visa’s Everywhere Initiative, a global innovation program that tasks start-ups to solve commerce challenges of tomorrow, and further enhance their own product propositions and provide visionary solutions for Visa’s vast network of partners, will expand into the Sub Sahara Africa (SSA) region. Entrants in the first-ever Sub-Sahara Visa’s Everywhere Initiative
I&M Bank has partnered with Visa Kenya to launch the I&M Bank Visa Infinite Credit Card and the I&M Visa Platinum Debit Card in Kenya for its Premium clients. Both cards have been developed with customer needs in mind and will complement I&M Bank’s efforts in enhancing customer centricity, dynamism, and innovation in line with
Mastercard’s partnership with Selcom, a leading East African fintech, will enable the global technology leader to expand its mobile payments solution, Masterpass QR, in Tanzania. The partnership will provide Mastercard access to Selcom’s established network of merchants in Tanzania and the two will work to empower these merchants to accept QR payments. Additionally, the partnership will
Africa’s financial services landscape continues its dynamic evolution as the rapid growth of FinTech on the continent drives both the disruption and leapfrogging of legacy systems and further accelerates the digital transformation of financial services. In South Africa, the major banks are rapidly ramping-up their own innovation strategies and collaborating with new game-changing start-ups to
From Sun City to Las Vegas, and from Monte Carlo to Macao, everyone loves a night in the casino from time to time. The silver screen has played its part in portraying it as the ultimate place for adult sophistication. As if the opportunity to be Humphrey Bogart in Casablanca, or George Clooney in Ocean’s
