Virtual cards will unlock untapped potential in the commercial cards sector thanks to the extra security, control and efficiency they provide Rising proportion of European commercial card spending is virtual An impressive €42.7 billion was spent on European virtual commercial cards in 2019, accounting for 12% of total commercial card spending, according to RBR’s 19-country
Data published by EMVCo shows that at the end of 2020, 10.8 billion EMV® chip cards were in global circulation – an increase of nearly 1 billion compared to the previous twelve months. In addition, EMVCo reports that 66% of all issued cards are EMV, with over 86% of all card-present transactions conducted globally using EMV chip technology.
Telda promotes innovative digital payments by offering digital financial services through its mobile app Telda to issue Mastercard prepaid cards, with Mastercard facilitating payments through its processing technology The partnership offers a secure, convenient and seamless experience for consumers Mastercard has announced a partnership with Telda, Egypt’s first of its kind payment app. This partnership is
Mastercard has announced that the Bahrain-based NEC Payments is now a global partner of Mastercard Fintech Express, which connects tech-savvy startups with traditional players such as banks. The program supports digital payment innovators by making it simple to collaborate with the tech company and its partners to launch new products, add payment solutions and innovate
New Mastercard feature enables banks to equip people with carbon footprint data and insights about environmental impact Recent research by Mastercard revealed 98% of adults in South Africa are willing to take personal action to combat environmental and sustainability issues Amidst the growing trend toward eco-conscious spending and consumption among people who want to pursue
Mastercard has announced the appointment of Victor Ndlovu as Director, Country Business Development Lead, East Africa. Victor is a seasoned business leader with close to three decades of solid experience in the fintech, banking and payments industry. He joins Mastercard from Ukheshe, based in South Africa, where he spearheaded the Fintech’s presence in Africa with
The COVID-19 pandemic has accelerated Africa’s need to transform and adapt self-service banking to meet consumer needs, with smart ATMs playing an essential role. Globally, 2020 saw rapid and unprecedented changes in the banking sector. Lockdowns, calls for social distancing, and a demand for online banking solutions forced banks and financial services to quickly adapt
FSS (Financial Software and Systems), a globally leading provider of integrated payment products and a payments processor, has introduced significant enhancements to its prepaid multi-currency card offering, aimed at providing greater choice, security, and convenience to international travellers. As countries around the globe relax pandemic-induced travel restrictions, cross-border travel is beginning to show signs of
95% of consumers in Middle East and North Africa (MENA) are considering emerging payments such as wearables, biometrics, digital wallets and currencies, and QR code, in addition to Contactless, according to the Mastercard New Payments Index 88% of MENA consumers have access to more ways to pay compared to this time last year 3 out
94% of consumers in Egypt are considering emerging payments such as biometrics, digital wallets, transfers and QR codes, in addition to Contactless, according to the Mastercard New Payments Index 83% of consumers in Egypt have access to more ways to pay compared to this time last year 3 out of 4 Egyptian consumers say digital
