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SARB Announces the Adjustment of Interchange Rates for Transactions Emanating from ATMs

The purpose of this communiqué is to announce the adjusted interchange rates for automated teller machines (ATMs). The South African Reserve Bank (SARB) annually reviews interchange rates for transactions emanating from Read More →

Aconite Technology Powers South African Discovery Bank’s Debit and Credit Card Launch

Aconite Technology Ltd is proud to announce that Discovery Bank, a new digital-only challenger bank launched by Discovery Central Services Limited, the leading South African insurance and financial services provider, Read More →

Mastercard Enables Banks and Merchants to Rapidly Innovate with New Digital Platform

The Mastercard Innovation Engine serves as a hub for the enablement of varying digital solutions, the first of which provides highly personalized and contextually relevant cardholder experiences

Mastercard has Read More →

uKheshe Life Card Launched Offering Hospital, Disability and Life Benefits

uKheshe, South Africa’s cheapest and most convenient QR cash card has announced the launch of uKheshe Life, a hospital, disability and life benefits card. Offering all of the features that Read More →

Mastercard and Edenred Announce First Biometric Card Trial in Mexico

Mastercard and Edenred has announced the first regional test of biometric card technology in Mexico. The effort, focused on state benefits programs, features an embedded fingerprint sensor that provides an Read More →

Nearly 4,500 FNB Merchant Terminals to Accept UnionPay Cards in Namibia

First National Bank Namibia has announced today that UnionPay cards are now accepted at all FNB Point of Sale terminals nationwide. “This means that close to 4500 FNB merchant terminals Read More →

UnionPay International Partners with Steward Bank to Accelerate Financial Inclusion in Zimbabwe

UnionPay International announced today that the partnership with Steward Bank Limited (Steward Bank), which is the one of the largest banks in Zimbabwe, to issue 150,000 UnionPay international prepaid cards Read More →

Kuwait Finance House Chooses IDEMIA’s Technology for the Country’s First Metal Payment Card

IDEMIA, the global leader in Augmented Identity, is delighted to announce its partnership with Kuwait Finance House (KFH) to offer the first metal payment card in the country. This full-metal-card Read More →

Shoprite Nigeria Lauded for Promoting Cashless Transactions

In a first for the retailer, Shoprite Nigeria was among the winners at this year’s Electronic Payment Incentive Scheme (EPIS) Efficiency Awards. The retailer won in the category Merchants (Point of Read More →

99 000 SASSA Grant Beneficiaries Still to Collect New Cards

SASSA completed the switch over to its new gold card in December 2018 and managed to swap over 7 million old cards for its new card. The rest have filled Read More →

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