A new Visa survey of 500 South Africans exploring awareness and perceptions of biometric authentication, confirms that consumers continue to have a strong interest in new biometric technologies that make their lives easier. New forms of authentication, such as fingerprint, facial, and voice recognition, can make unlocking accounts and payments much easier and more convenient
Visa has announced that it upgraded the point-of-sale (POS) terminals of select Minneapolis-based small businesses, helping create quicker, easier and more seamless payment experiences for their customers. Visa has also upgraded 700 concessions and retail POS terminals within U.S. Bank Stadium. As the preferred payment provider of the NFL, Visa is helping these merchants upgrade
SASSA has successfully paid over 2 million beneficiaries who receive their grants from commercial banks. This was done today through their Paymaster General account which was opened recently. This move is a giant step taken towards SASSA ultimately paying all beneficiaries using any type of electronic payment method. It is part of fully complying with
The Governor of the Central Bank of Kenya, Dr. Patrick Njoroge, has been recognised as the Central Banker of the Year, Africa by the prestigious The Banker Magazine, a publication of the Financial Times group. The Banker’s Central Banker of the Year 2018 awards celebrate the officials that have best managed to stimulate growth and
nChain Group, the leading blockchain research and development firm, has taken an equity stake in Centbee, a Bitcoin wallet provider that makes it easy for a global consumers to acquire, hold and spend Bitcoin with retailers and other merchants. The funding deal was made through the nChain Group’s investment entity, nChain Reaction Ltd. Based in
The amount of money mobilized outside the banking system through mobile money reached record GH¢2.3 billion ending December 2017, according to data from the Bank of Ghana. The amount represents a growth of 84.6 percent over the December 2016 amount of GH¢1.3 billion. These funds mobilized through mobile money are currently held by banks. Mobile
The PCI Security Standards Council (PCI SSC) has announced a new PCI Security Standard for software-based PIN entry on commercial off-the-shelf devices (COTS), such as smartphones and tablets. The PCI Software-Based PIN Entry on COTS (SPoC) Standard provides requirements for developing secure solutions that enable EMV contact and contactless transactions with PIN entry on the
Seven mobile wallets, acquirers and payment networks, including Diners Club, EZi Wallet, EZ-Link, Liquid Pay, Mastercard, UnionPay International and Wirecard, have formed a consortium to enable interoperable QR payments in Singapore for consumers and merchants. In line with SG QR, the consortium will jointly support an interoperable QR framework that allows customers the ease and
Diamond Mines, Caprice, Ahava cosmetics and others are among the first businesses in the Middle East to offer instore payments with Alipay’s digital wallet. Tel Aviv, Israel, Israel Credit Card (ICC, CAL) and OneBill have announced they will be cooperating with Chinese payment market leader Alipay to facilitate payments for Chinese visitors to Israel. The
Digital security provider Gemalto is providing its PURE white-label payment solution to Ghana Interbank Payment and Settlement Systems, a subsidiary of Ghana’s central bank that manages the country’s interbank payment processing system. Gemalto’s technology and consultancy will help speed up Ghana’s migration to the enhanced security of EMV transactions, and enable GhIPSS to offer its
