Mukuru, the Pan-African fintech trusted by more than 17 million customers, today launched the Mukuru Account & Card in South Africa. The product is offered in partnership with Bank Zero, the licensed sponsor bank, and is enabled by Paymentology and Mastercard. The new proposition builds on Mukuru’s established remittance and card foundation, giving customers access to
Verto, a leading B2B global payments platform, today announced the launch of its new Verto Card, in partnership with Visa, marking a new chapter in how African companies transact internationally. Accessible to customers worldwide, the Verto Card enables businesses to fund, spend, and settle payments across multiple currencies with zero FX markups on eligible currencies,
Mukuru (www.Mukuru.com), a leading financial services provider, has launched its Visa-branded Companion Card in Botswana. Linked to the Mukuru Wallet, this new offering expands its functionality and enables customers to make secure, cashless payments for everyday purchases directly from their Wallet balance. With the Mukuru Wallet, customers already manage their money from their phones. Now,
Stitch Express, the payments solution built for growing South African businesses, today announced the launch of Express In-person payments, bringing in-person card and alternative payment acceptance to retail merchants with physical locations. As part of this launch, Stitch is the first payments provider in South Africa to offer a fully integrated Shopify POS solution, allowing
UnionPay International and Pesapal have announced a strategic partnership to expand UnionPay card acceptance across Pesapal’s Point-of-Sale (POS) merchant network. Launching initially in Tanzania followed by Rwanda, this collaboration significantly enhances payment convenience for international travellers while unlocking new commercial opportunities for local businesses. As the lead market for the rollout, Tanzania will see immediate
Abay Bank, in partnership with Visa Inc., a global leader in digital payments, has officially introduced the Abay Classic International Pre-Paid Visa Card, a service designed to empower customers, to make secure global payments without the need to carry cash. The vibrant launch ceremony, held at Abay Bank Headquarters in Addis Ababa, was graced by
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
Temenos, a global leader in banking technology, and Interswitch Group, a leading integrated payments and digital commerce company in Africa, today announced a collaboration, wherein Interswitch will adopt Temenos technology to enhance its digital banking capabilities, supporting its growth and expanding access to modern financial services across the continent. Interswitch will use Temenos solutions –
For many African financial institutions, card management is still treated as a back-office issuing function: produce cards, manage BINs, process transactions, and handle settlement. That view is becoming outdated. In today’s market, modern card management is no longer only about debit, credit or prepaid cards. It is becoming the foundation layer for digital-first experiences such
In May 1897, The New York Journal mistakenly reported that American writer, Mark Twain, was gravely ill or near death. Twain’s humorous reply, “Reports of my death have been greatly exaggerated,” has made it into modern speak. It’s the refrain that people or things have prematurely been pronounced dead. For years, the payments industry has been flirting
