Original article published by Financial Mail here: Author Tim Cohen The South African Reserve Bank (SARB) is considering making participation in the PayShap instant payment system mandatory for banks as part of its broader effort to accelerate digital payments and reduce the country’s reliance on cash. While PayShap has been available for more than three
enza is delighted to announce that it has been awarded a Payment Service Provider Enhanced licence by the Central Bank of Ghana. The award of the PSP Enhanced licence marks an important milestone for enza, Ghana’s financial services sector, and the continued development of regulated digital payments infrastructure across Africa. The Bank of Ghana’s licensing and
Kora, the payment infrastructure platform, has joined the International Air Transport Association’s IATA Financial Gateway (IFG), connecting global airlines to Africa’s payment ecosystem through a single, reliable infrastructure layer. IATA Financial Gateway is the airline industry’s dedicated payment orchestration and management platform. IFG brings together global, regional and local payment partners to provide airlines with
Hotels now have access to a seamless, end-to-end payment experience that follows the guest from booking through to checkout. Already live across the Red Carnation Hotel Collection’s South African portfolio – including the Oyster Box, Bushman’s Kloof Reserve & Wellness Retreat and The Twelve Apostles Hotel & Spa – it marks a significant step forward
ZANACO–Zamtel Money Point of Sale (POS) Payment Partnership and its launch mark a significant milestone in Zambia’s journey towards a digitally enabled and financially inclusive economy. By integrating Zamtel Money mobile wallet services with ZANACO’s extensive POS network, the partnership expands access to secure, convenient, and seamless digital payment solutions for businesses and consumers across
Ripple, the leading provider of blockchain-based enterprise solutions for traditional and digital finance announces a strategic investment for Flutterwave. This partnership marks the definitive next phase of Flutterwave’s long-term stablecoin strategy, seamlessly connecting its existing cross-border settlement capabilities with enterprise-grade digital liquidity. By anchoring this infrastructure in the heart of the continent, Flutterwave is empowering
ACI Worldwide, an original innovator in global payments technology, today announced that Kwik Payments, a South Africa-based payments service provider (PSP), has successfully gone live on the ACI Payments Orchestration Platform, to power the next phase of digital commerce growth across South Africa and the wider African market The partnership represents a pivotal milestone in ACI’s expansion across Africa,
Compass Plus Technologies For merchant acquirers across Africa, fraud prevention has long focused on minimising chargebacks, reducing scheme exposure, and protecting merchants from losses. But there is another threat hiding inside many fraud strategies: false positives. Legitimate transactions wrongly declined as fraud are not just a customer experience issue – they are a major revenue
Yuno, the global financial infrastructure platform, today announced a strategic partnership with Onafriq, the leading Pan-African payments network, to bring Africa’s most expansive payments infrastructure to merchants worldwide. Through this integration, Yuno’s clients gain instant access to Onafriq’s network spanning 43 African markets, nearly 1 billion mobile wallets, 500 million bank accounts, and 2,000 cross-border payment corridors — all through
PawaPay, a leading pan-African payments aggregator, has processed three billion successful mobile money transactions through its platform. This milestone reflects growing demand from businesses that need to collect and send payments reliably across multiple African markets. The third billion was processed in under nine months, three months faster than the previous billion. Daily transaction volumes
