Bank Zero, a new app-driven bank, has been granted a provisional licence after a rigorous in-depth evaluation process by the South African Reserve Bank. The 45% black-owned bank is set to launch in the fourth quarter of 2018. Bank Zero will make use of a mutual bank licence. The mutual banking concept mirrors current social
NCR Corporation, a global leader in omni-channel solutions, has announced that Union Bank of the Philippines (UnionBank), one of the country’s leading banks, will unveil its prototype branch under the bank’s digital transformation strategy. Located at the Insular Building along Ayala Avenue corner Paseo de Roxas Avenue in Makati City – the branch is powered
The South African Social Security Agency (SASSA) has rejected allegations of claims of over R1 billion by Cash Paymaster Services (CPS) based on the alleged breach of the terms of the social grant payment services contracts. The said contracts in question were concluded in 2009 for the following regions: Eastern Cape, KwaZulu Natal, Limpopo, Northern
UnionPay International has announced that the official website of Yiwu Market ( www.yiwugou.com ) now connects to UnionPay Cross-border B2B Payment Service Platform. Purchasers outside mainland China are able to pay safely and conveniently with UnionPay cards issued overseas to buy goods at www.yiwugou.com. This cooperation between UnionPay International and the website will facilitate the
FNB customers who actively use cellphone banking will now be able to fully maintain their bank cards without having to walk into a branch. The bank has enhanced card management functionality on USSD by empowering customers to activate, view and change pin, temporarily block and unblock their cards. Previously, customers could only view card details,
Visa and Dynamics today unveiled the Dynamics Wallet Card™, a connected payment card, at the 2018 Consumer Electronics Show (CES). The Visa-branded version of the Wallet Card is the same size and shape as a normal Visa credit or debit card, yet it incorporates multiple features and technologies not previously found in a single payment
CrediMax and Mastercard recently launched the Masterpass service in Bahrain for the first time by integrating the service in the CrediMax Digital Wallet – MaxWallet. Masterpass is a digital payment service from Mastercard that enables consumers to make fast, simple and secure digital payments – across devices and channels – anywhere you want to shop: online, in-app
Gemalto, the world leader in digital security, has been selected by Bank of Cyprus to supply the world’s first EMV biometric dual interface payment card for both chip and contactless payments. Using fingerprint recognition instead of a PIN code to authenticate the cardholder, the card is compatible with existing payment terminals already installed in the
The South African Social Security Agency (SASSA) has today successfully initiated a test case to directly pay about 100 social grant beneficiaries using commercial bank accounts of their choice as part of the January 2018 payment cycle. “With effect from 01 February 2018, SASSA will continue to make direct deposits into all beneficiary commercial bank
Wirecard, the international provider of digital financial solutions, has won Shell Indonesia as a new customer for Fleet Cards. The new Fleet Card solution can be used for all purchases at Shell petrol stations throughout Indonesia. Shell has selected Wirecard to optimize their digital financial processes on one platform and to benefit from state-of-the-art fleet
