Nedbank and Mastercard Sign 10-Year Deal to Transform Digital Payments in Southern Africa

Posted on by kara | 7567 Views | 9 min read
Nedban

Nedbank and Mastercard announced a landmark 10-year commercial agreement that expands their long-standing collaboration across Southern African. The agreement spans South Africa, Zimbabwe, Namibia, Eswatini, Lesotho and Mozambique, and will bring enhanced digital payment experiences to customers and businesses across the region. Under the agreement, the bank will leverage Mastercard’s global technology expertise and payments

Mama Money Partners with Capitec to Make Sending Money Home Even Easier

Posted on by kara | 20890 Views | 19 min read
Mama

Mama Money has officially partnered with Capitec to make it easier, safer, and more affordable for migrants in South Africa to send money home. This powerful collaboration brings together Mama Money’s inclusive remittance platform and Capitec’s trusted digital banking services, creating a solution designed with people at its heart. At its core, this partnership is

Navigating the Compounding Complexity of Digital Card Issuing – Stanchion

Posted on by kara | 37976 Views | 39 min read

By: Pierre Aurel, Chief Product Officer, Stanchion Payments Solution.  Originally published here. The number of virtual cards issued worldwide is growing at an unprecedented pace. According to Juniper Research, global virtual card issuance is expected to grow at over 30% annually between 2023 and 2028, driven by relentless consumer demand for seamless, secure and convenient

South African Banks to Cut Digital Payments to CMA Countries – Standard Bank

Posted on by kara | 10441 Views | 9 min read
South African Banks

South African banks, in the next month, will halt electronic fund transfer (EFT) services to Namibia, eSwatini, and Lesotho, restricting clients from transferring money to these Common Monetary Area (CMA) countries. From September 4th, EFT services will be unavailable to South African customers wishing to send money electronically to these key Southern Africa Development Community

African Markets Build Resilience in a Challenging Environment

Posted on by Staff Reporter | 48995 Views | 15 min read

Absa Africa Financial Markets Index shows improving market infrastructure in majority of countries in the region African countries have responded positively to the need to develop domestic financial markets to protect economies from external shocks, OMFIF’s 2022 Absa Africa Financial Markets Index reveals. Even as challenging market conditions weighed on performance in the index, 19

Standard Bank makes Sending Money to Lesotho and Swaziland Easier and Faster

Posted on by Staff Reporter | 16304 Views | 10 min read

Standard Bank has enabled near real-time payments for Lesotho and Eswatini. This means that money sent by South African clients to accounts in these countries will only take two hours to arrive. In the past, payments would take a minimum of 24 hours and a maximum of 48 hours (about 2 days) to clear. “South

Standard Bank Wins The Banker Bank of the Year South Africa award for 2019

Posted on by Staff Writer | 16660 Views | 10 min read

Standard Bank Group has been recognised once again for its accomplishments over the past year. This time round, the bank has secured prestigious country awards in South Africa, Lesotho, Zambia, Zimbabwe and Angola in the Bank of the Year awards for 2019. Regarded as the industry standard for banking excellence, The Banker’s (part of the

Standard Bank Wins The Banker Bank of the Year South Africa Award for 2019

Posted on by Staff Writer | 15708 Views | 10 min read

Standard Bank Group has been recognised once again for its accomplishments over the past year. This time round, the bank has secured prestigious country awards in South Africa, Lesotho, Zambia, Zimbabwe and Angola in the Bank of the Year awards for 2019. Regarded as the industry standard for banking excellence, The Banker’s (part of the

Shoprite Lesotho Cross-Border Remittance Product Achieves R1 Billion Mark

Posted on by Staff Writer | 14322 Views | 8 min read

The Shoprite cross-border money remittance product reached the R1 billion mark in January, after just three years of it being implemented between SA and Lesotho. The cost of a transfer of R900 is 2%, which is one of the cheapest cross-border products in the world. A remittance is when a person sends money, usually small

South African Development Community Payments System Goes Live

Posted on by wademinnie | 24602 Views | 11 min read

On Sunday 21 July, the SADC (South African Development Community) Integrated Regional Electronic Settlement System (SIRESS) was successfully implemented in a live environment for the four countries of the Common Monetary Area: South Africa, Namibia, Lesotho and Swaziland. All participants in Lesotho, Namibia and South Africa successfully participated in the implementation activities on Sunday 21 July