Nigeria’s Economy Reaps Benefits of Real-Time Payments and Digital Banking Transformation – US$6 Billion of Additional GDP Growth Forecast by 2026 – ACI Worldwide Report

Nigeria is Africa’s undisputed real-time payments and digital payments leader, recording 3.7 billion real-time transactions in 2021 and ranking sixth in the league table of the world’s most developed real-time payments markets, according to the third edition of ACI’s Prime Time for Real-Time report The widespread uptake of new digital and real-time payment services helped

Oromia Bank selects CR2’s BankWorld to Advance their Digital Banking Transformation Strategy in Ethiopia

The official contract signing ceremony took place in The Sheraton Addis, with key company executives present to witness this landmark occasion. CR2’s digital banking platform – BankWorld – will enable Oromia Bank to enhance and improve their customer’s retail and corporate digital banking and payments experience and position Oromia Bank as one of the leading

Standard Bank Aims to Ignite East African Business Growth

Standard Bank believes that the right capital and capacity interventions now will set East Africa on a sustainable path to prosperity, including the very real possibility of becoming middle-income economies within a generation.  In line with the Group’s purpose of driving Africa’s growth, the emergence, proliferation, and expansion of small and medium businesses in East

Absa Bank Kenya, Visa partner to launch Domestic and Cross-Border Remittance Service

Absa Bank Kenya has partnered with global payments technology platform Visa to launch a domestic and cross-border remittance service that will allow seamless person-to-person money transfers and persons-to-businesses payments via the Visa Global network. The Absa Visa Send Money, a first-of-its-kind market solution, will allow Absa debit and credit cardholders to transfer funds from their

Seamless, Speedy and Secure: The Lowdown on Halo Dot

We live in a world where ease and speed are expected – our impatience grows stronger every day. This doesn’t stem from a sense of entitlement but is a product of constant evolution and innovation. This applies especially to making payments. Halo Dot is a ‘game-changer, sale maker’ that makes contactless card payments more accessible,

World’s Fastest-Growing Payment Method favoured as Cost of Living Soars in SA

South Africans are struggling on the back of fuel price increases along with rising food and utility costs. Increasingly, credit cards are being used to pay for expenses, which is a dangerous trend in a country that is already highly indebted. According to SA’s largest buy now pay later (BNPL) provider, Payflex, this payment method

TCIB launches Collaborator Forum

As part of BankservAfrica’s efforts to get closer to the market for TCIB (Transactions Cleared on an Immediate Basis), a Collaborator Forum was launched on 9 May. This virtual meeting point enables key role-players and stakeholders to join forces with the TCIB team to ensure the success of cross-border payments in the SADC (Southern African

Mastercard and EziPay Join to Provide Fintechs More Digital Commerce Solutions for Millions in Middle East and Africa

Partnership will enable millions of potential EziPay customers to transact on global online platforms with a Mastercard virtual payment solution linked to the EziPay wallet Collaboration underpins a new wave of financial inclusion through mobile devices, unlocking opportunities for millions of people across MENA Mastercard has strengthened its collaboration with major fintech operators by partnering

Accepting Digital Currency is Increasingly Key to Growing Customer Confidence and Engagement According to Deloitte Merchant Survey

The Merchants Getting Ready for Crypto: Merchant Adoption of Digital Currency Payments Survey reflects current projections, priorities and challenges around cryptocurrency payments, according to top U.S. merchants. As consumers progressively purchase a wider spectrum of goods and services via digital currencies, U.S. merchants are reflecting a greater optimism, prioritization and implementation of alternate payments to

SASSA Dealing with the Reconsideration of the COVID-19 SRD Grant Applications

The South African Social Security Agency (SASSA) has been dealing with the reconsideration of the covid-19 SRD Grant applications for a while which caused a lot of dissatisfaction to the public at large. After months of dealing with appeals, verification and reconsideration processes about seven hundred and fifty thousand (750 000) have been paid and