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 This approach is becoming outdated and increasingly vulnerable to identity fraud.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
ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, announced that Peach Payments, a fast-growing South African payment service provider (PSP), will offer merchants a seamless mobile checkout solution with the ACI Mobile Commerce Software Development Kit (mSDK). Part of ACI’s award-winning UP eCommerce Payments solution, the white-label mSDK can be
ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, today announced that Ecentric Payments Systems, South Africa’s leading payment processor, has expanded its relationship with the company and will leverage ACI’s UP Merchant Payments to extend its capabilities with eCommerce payment and gift card solutions. Ecentric, which has worked with ACI
The South African fintech startup that slashed the costs for Zimbabweans living in SA to send money home when it launched two years ago has expanded its money transfer service into Nigeria, Ghana and Tanzania. The business will expand into Mozambique, Malawi and Kenya by April. It has also earmarked a country outside of Africa
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
ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, will demonstrate the capabilities of its next-generation UP eCommerce Payments solution at the Seamless Africa conference in Cape Town, South Africa, March 13-15. The platform solution empowers merchants and the payment service providers (PSPs) that serve them to embrace payments innovation and
ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, will demonstrate the capabilities of its next-generation UP eCommerce Payments solution at the Seamless Africa conference in Cape Town, South Africa, March 13-15. The platform solution empowers merchants and the payment service providers (PSPs) that serve them to embrace payments innovation and
