Ecobank Group’s RapidCollect™ Enables Businesses to Collect Their Payments Across Africa with Only One Account

RapidCollect™ caters for the needs of business customers across Africa, as the continent is at a unique point in its history  With only one account, business customers can receive funds instantly from their clients in their home country and across Ecobank’s (www.Ecobank.com) pan-African network; Ecobank business customers can now make instant automated reconciliation leveraging Ecobank’s

Predictive Data Intelligence Removes Hurdles to Instant Cross-Border Transactions Over SWIFT

New capability leverages SWIFT’s insight on millions of daily transactions to flag upfront when a payment may stall because of incorrect payee details Innovation is latest in SWIFT’s strategy to eliminate friction and drive instant international payments around the world  As part of its ambitious strategy for instant and frictionless transactions, SWIFT today announces a

Eyowo Launches Digital First Mastercard Amid Growing Demand for Digitally Driven Money Management Solutions

As one of the first partner in Nigeria to join Mastercard’s Digital First Card Program, Eyowo delivers best-in-class digital banking experience to customers The Better Card is a numberless Mastercard debit card, which gives cardholders access to safer and more secure payments Today’s generation do everything from ordering meals to scheduling doctor’s appointments on their

PalmPay Hits 10 Million User Milestone in Nigeria

The fintech has gained significant traction with its payment’s app and nationwide agency banking network PalmPay (https://PalmPay.com/), a fintech innovator aiming to make digital payment more accessible and flexible, announced that it has reached 10 million users in Nigeria. This represents a doubling in its user base within just six months and puts its customer

25-Year Financial Services Industry Expert John Durrant Named President of FIS Banking Solutions Group

Key facts: John Durrant assumes role of FIS Banking Solutions President on Sept.1. Durrant succeeds Martin Boyd who has announced plans to retire from FIS. Boyd, who joined FIS in 2015 through the acquisition of SunGard, will remain with the company until the end of the year to ensure a smooth transition. Financial technology leader

Payment Ecosystem Must Find the Commercial Carrot to Move Away From Cash

The South African payment ecosystem will need to increase cooperation if it hopes to reduce the country’s over-reliance on cash. And, while the regulator still has a big part to play in the solution, flipping the way payments are generally incentivised in favour of the consumer, as well as finding ways to better incentivise businesses

PalmPay Launches Wallet Safe Workshop to Improve Payment Security Awareness

According to the NIBSS (Nigeria Inter-Bank Settlement System), the total number of fraud attempts in Nigeria has grown by 186% from 2019 to 2020 PalmPay, a fintech innovator aims to make digital payment more accessible and flexible, announces the launch of Wallet Safe Workshop, a monthly campaign for payment security awareness training to help customers

Unlocking the Power of Hyper-Personalisation to Build More Relevant Banks

Real-time data and AI have made it possible to deliver curated content, services and products designed for individual customers, but many banks are unable or unwilling to embrace the opportunity offered by hyper-personalisation. There is no doubt that hyper-personalisation is effective. A Deloitte report on the topic points out that Amazon and Netflix have respectively

Mastercard New Payments Index 2022: Consumers in Morocco Embrace Digital Payments

75% of consumers in Morocco have used at least one emerging payment method in the last year, with usage expected to increase further Adoption of biometrics, Buy Now Pay Later (BNPL), open banking and account-to-account payments are anticipated to continue accelerating Gen Z and Millennials are leveraging more digital payment methods and are more open