Official figures of aggregated data published by technical body EMVCo show that by the end of 2016, the number of EMV payment cards in global circulation had increased by 1.3 billion in the previous 12 months to a total of 6.1 billion. The data also highlights that 52.4% of all card-present transactions conducted globally between
United Bank for Africa (UBA) announced the rollout of the Debit MasterCard card in Cameroon in support of financially empowering all citizens. Focused on displacing cash, the electronic payment solution will deliver a quick, convenient and secure payment alternative for all citizens – instantly. In line with its strategic vision, UBA is introducing innovative payment
United Bank for Africa (UBA) announced the rollout of the Debit MasterCard card in Cameroon in support of financially empowering all citizens. Focused on displacing cash, the electronic payment solution will deliver a quick, convenient and secure payment alternative for all citizens – instantly. In line with its strategic vision, UBA is introducing innovative payment
The Wirecard Samsung Pay Rewards Card has been selected as a 2017 Pay Awards winner in the Product of the Year category. Since 2006, the Pay Awards have conferred the most prestigious recognition of excellence in prepaid and payments technology worldwide. The awards are presented annually by Paybefore, whose publications are the leading source of
Research on the global payment cards market forecasts continued strong growth in the Middle East and Africa and highlights significant opportunities for the international card schemes Many people still do not have a payment card According to RBR’s Global Payment Cards Data and Forecasts to 2021, the number of cards in issue in the Middle
Gemalto , the world leader in digital security, has opened a new banking card personalization center in Dubai, bringing the benefits of highly responsive, locally-based support to the region’s fast developing financial services sector. The new center is fully certified by Visa and MasterCard, and offers a one-stop solution for EMV card personalization and associated
Barclays Bank Tanzania has today officially launched UnionPay International Acquiring service as part of the bank’s effort to offer better convenience to the UnionPay cardholders in the market. The Bank’s Managing Director, Abdi Mohamed said in Dar es Salaam yesterday that the bank has introduced the service in the market that will allow the UnionPay
Mastercard unveiled the next generation biometric card, combining chip technology with fingerprints to conveniently and safely verify the cardholder’s identity for in-store purchases. South Africa is the first market to test the evolved technology, with two separate trials recently concluded with Pick n Pay, a leading supermarket retailer, and Absa Bank, a subsidiary of Barclays
InterCard, a German acquirer, has selected SIA, a company specializing in the management of electronic payments, to allow card payments in Germany with four new international schemes – Diners Club International, Discover, JCB and UnionPay. Thanks to SIA’s technological infrastructure, InterCard is now able to accept payments with cards issued on some of the most
The Direct Pay Online Group, (“DPO Group”), the leading online payments service provider in Africa, announced that it is acquiring 100% of the equity in Virtual Card Service (“VCS”) in Botswana and Namibia. This will be closely followed by the acquisition of 100% of VCS business in South Africa. The acquisition follows the Group’s recent
