Comviva, the global leader in mobility solutions today announced that its flagship mobile money product, “mobiquity Money”, has crossed the 100 million registered customers mark across 60 deployments in 45 countries. Moreover, the product processes 3.6 billion mobile money transactions, valuing over $60 billion annually. On the occasion of completing a decade of mobiquity Money,
Mastercard and MegaFon have presented two joint initiatives at the interface between telecommunications and banking technologies at Mobile World Congress 2018 held in Barcelona from February 25 through March 1. Starting from March 1, MegaFon’s subscribers will be offered an opportunity to link their mobile phone account to Apple Pay or Samsung Pay by creating
Dr. Adesola Adeduntan, the Managing Director/CEO of First Bank of Nigeria Limited & Subsidiaries, has been named the African Banker of the Year in the African Leadership Magazine Persons of the Year Award which took place in Johannesburg, South Africa on Saturday, February 24, 2018. He was also inducted into the African Leadership CEOs Hall
PayPal released data about mobile phone usage and mobile eCommerce at the Seamless Africa Conference in Cape Town earlier this week. Online shopping is on the rise in South Africa. South Africans spent R37.1 billion shopping online in 2016, an increase of nearly 30% from the previous year. These numbers are expected to continue to
One of the key goals of the South African Social Security Agency (SASSA) is to manage and pay social grants without the use of a third party contractor as is currently the case. SASSA is on course to achieving this goal of ensuring that payment of social grants is insourced. It has already made direct
Research from RBR finds that increasing internet access, smartphone penetration and security are driving rapid growth in e-commerce card payments worldwide Online transactions increasingly convenient as mobile facilitates impulse buys The number of card payments made online worldwide is set to jump from 29 billion in 2016 to 70 billion in 2022, according to Global
Efforts to bolster digital financial inclusion in Tanzania and indeed other countries in Africa have received a shot-in-the-arm following a productive conference organized by FINCA Micro-Finance Bank Tanzania in partnership with the Mastercard Foundation. Bringing in experts, institutions and other players in the financial sector, the conference, held in Tanzania’s commercial capital, Dar es Salaam,
NCR Corporation, a global leader in omni-channel solutions, launched its NCR WinEPTS payment solution that has been developed specifically for retailers and restaurants in Europe at EuroCIS 2018. An entirely hardware independent, cloud based solution that is omni-channel and omni-commerce ready, NCR WinEPTS can easily be integrated with instant payments solutions of European banks. Flexible
Digital and mobile economies of the future requires that South Africa look to the next generation of payments infrastructure to fulfil developmental goals and remain competitive in the global economy, according to BankservAfrica. This is a key priority for the organisation which, in collaboration with key stakeholders and related industry bodies, intends on driving payments
With over 40 million mobile users in Tanzania, there is a real opportunity to use technology to financially connect those not yet included. Tigo Tanzania, Mastercard and leading local fintech Selcom have partnered to introduce Masterpass QR on Tigo’s Mobile Financial Services platform, called Tigo Pesa. Almost seven million registered wallet holders of the Tigo Pesa solution will be able
