Merchant service provider, Kopo Kopo, announced their partnership with Mastercard to roll out Masterpass QR across 11 markets in Sub-Saharan Africa, impacting over 250,000 micro and small businesses over the next five years. The mobile payment solution will deliver an efficient and secure acceptance solution for micro, small and medium enterprises (MSMEs) and a convenient
Merchant service provider, Kopo Kopo, announced their partnership with Mastercard to roll out Masterpass QR across 11 markets in Sub-Saharan Africa, impacting over 250,000 micro and small businesses over the next five years. The mobile payment solution will deliver an efficient and secure acceptance solution for micro, small and medium enterprises (MSMEs) and a convenient
As more consumers embrace the ease and convenience of accessing banking services through their mobile devices, it is becoming more essential for them to protect themselves from fraudsters by constantly keeping up to date with the latest Apps and security measures. Kartik Mistry, Head of Smart Devices at FNB says, “Although technology allows you to
As more consumers embrace the ease and convenience of accessing banking services through their mobile devices, it is becoming more essential for them to protect themselves from fraudsters by constantly keeping up to date with the latest Apps and security measures. Kartik Mistry, Head of Smart Devices at FNB says, “Although technology allows you to
Wirecard AG acquired all shares of MyGate Communications (Pty) based in Cape Town, South Africa. MyGate is a leading payment service provider (PSP) in Africa. The company operates one of Africa’s largest and fastest growing online payment gateways and was recently voted the best online payment gateway in Africa in 2016. MyGate’s enables merchants across
Creamfinance, a leading consumer finance provider and the fastest-growing European fintech, announced the closure of a €21 million deal in Series B financing with Capitec Bank Holdings Limited (“Capitec”). This round follows a €5 million in Series A investment from international venture capital fund Flint Capital. Capitec is listed on the South African stock exchange
In recent years, microinsurance has started to play a bigger role in helping facilitate mobile money uptake, with the GSMA reporting a 9% year over year growth in mobile insurance services in 2015. However with 63% of the120 live services being led by mobile operators globally, the reality is that only eight of these services
Across the globe, banks have validated the identity of their customers at the ATM with something the user has (such as a bank card) and something the user knows (typically a PIN). This approach is becoming outdated and increasingly vulnerable to identity fraud. To make matters worse, the number of digital identities seems to grow
Africa needs a new payments solution that is digital from start to finish, according to Andrew Torre, Visa’s President of Sub-Saharan Africa. Speaking at the Seamless Africa payments, ecommerce, and retail conference held in Cape Town last week, Torre highlighted the need for a new payment solution in Africa, and how mobile will be key
Africa needs a new payments solution that is digital from start to finish, according to Andrew Torre, Visa’s President of Sub-Saharan Africa. Speaking at the Seamless Africa payments, ecommerce, and retail conference held in Cape Town last week, Torre highlighted the need for a new payment solution in Africa, and how mobile will be key
