BNPL, Cards and Wallets: The Technology that Connects the Dots – OpenWay

Download the report here. BNPL (Buy Now, Pay Later) wallets are no longer positioned as an invincible challenge to international card schemes. Even the most successful BNPL app providers have opted to collaborate with supposed rivals. Afterpay, for instance, has introduced the Afterpay Plus card, a contactless Mastercard product, and Klarna extended its popular “Pay

OpenWay Report | Cross-Border Merchant Acquiring: New Technology, New Competitors

Download the report here. Competition in cross-border merchant acquiring is growing exponentially. Many incumbents find themselves burdened by rigid and uncoordinated legacy systems, unable to keep up with merchant expectations. They face challenges not only from startups, but also former partners, as ISVs transition into payment facilitators, ISOs evolve into processors, and PSPs transform into

Paycorp Champions Financial Inclusion in South Africa with SARB Designation and Visa & MasterCard Principal Membership

Paycorp, a leading provider of payment solutions, has been licensed as a direct clearing system participant by the South African Reserve Bank (SARB). This means Paycorp can now acquire payment transactions directly into the National Payments System through BankServ Africa and internationally through its principal memberships with Visa and MasterCard. As an independent non-bank participant

Ukheshe Partners with Diamond Trust Bank to Deliver BaaS in East Africa

Banking as a Service (BaaS) and embedded finance enabler Ukheshe has partnered with Diamond Trust Bank (DTB) to provide an innovative BaaS platform in East Africa. BaaS, the provision of banking products and services through third-party distributors, is expected to grow at a compound annual growth rate of a whopping 25% in some markets, and

Cultivating a Frictionless Payment Experience for Merchant Success

By Wesley Fetter, Product Manager at Ecentric Payment Systems In the world of business, especially within the e-commerce sphere, the adage ‘the customer is king’ has never rung truer. Today’s rapidly evolving digital landscape requires businesses to provide effortless, seamless, and most importantly, frictionless experiences to customers. Central to this is the payment process, which,

Airtel Africa and Mastercard Strengthens Partnership with Launch of New Remittance Transfer Service

Airtel Africa and Mastercard announced the launch of a new cross-border remittance service in partnership with Mastercard, which will enable Airtel subscribers across 14 African markets to send and receive money safely and securely, with speed and certainty. This innovative service will be rolled out in a phased approach to provide consumers with a seamless

enza group and Wema Bank Join Forces to Boost Ecommerce Payment Acceptance

enza’s innovative Payment Orchestration will enable Wema Bank to provide secure and reliable payment options at a reduced cost enza, the acclaimed new disruptor in the African payments market today announced its strategic partnership with Nigeria’s most innovative bank, Wema Bank. Through this partnership, enza will engineer its innovative payment orchestration solution to expand Wema’s

Mukuru Pioneers Naira Bank Top-Ups to Transform Money Transfers in Nigeria

Mukuru, Africa’s leading next-generation fintech provider, has introduced its pioneering Naira bank top-up feature for customers in Nigeria. With this feature, Mukuru has become the first remittance company in Africa to re-introduce Naira payouts directly into bank accounts in Nigeria. In a move that aims to address real-world customer pain points, Mukuru’s Naira bank top-up

Mastercard and SomBank Announce Partnership to Launch Debit Card in Somalia

Mastercard, a leading global technology company in the payments industry, recently announced its partnership with SomBank, one of the innovative financial institutions in Somalia. The purpose of the partnership is to promote the adoption of digital payment solutions in the country, bringing more Somalis into the digital fold. The partnership allows SomBank to issue and

Mastercard Introduces a Fast, Safe and Cost-Effective Solution for Businesses to Accept Virtual Card Payment

Today, Mastercard announces the launch of Mastercard Receivables Manager, a new, automated solution that streamlines the way businesses accept and process virtual card payments. The innovation complements Mastercard’s virtual card platform as the company provides choice in payments to players across the ecosystem and accelerates the digitization of B2B transactions across buyers and suppliers. In