Wibmo, a PayU company, and EFT Corporation have formed a strategic partnership to introduce cutting-edge security technology for digital payments in South Africa. The partnership will bring the Wibmo Areion 3DS Server (3DSS) to the local market, a solution designed to enhance online transaction security and improve payment efficiency. The partnership was formalised at a
Altron FinTech launches the innovative Buy Now Pay Later (BNPL) solutions—PayJustNow and Payflex—on its Android terminals, marking a significant milestone in the payments industry. As the first to introduce this solution to the market in 2023, Altron FinTech continues to lead the way in offering flexible and customer-obsessed payment options, empowering businesses to enhance their
TerraPay, a leading money movement company, has partnered with enza, an Africa-focused payments technology firm. The collaboration, announced Wednesday (July 10), is designed to promote financial inclusion in Africa, the companies said in a news release provided to PYMNTS. That means Enza—with offices in South Africa and Egypt—can harness TerraPay’s connectivity to more than 2.1
Luno customers are now able to pay using crypto at over 31,000 merchants in the Zapper payments network across the country, ranging from Dis-Chem pharmacies and FlySafair to fuel stations, educational institutions, bill payments, parking, donations and more. This opens a huge market for South Africans to pay for goods and services using crypto, according to licensed financial
Thunes – a B2B payments infrastructure platform – has announced a partnership with Access Bank to improve cross-border payments in and out of 13 African countries. The collaboration will enable Access Africa to facilitate inbound and outbound cross-border payments in 13 markets: Botswana, Cameroon, the Democratic Republic of the Congo, Gambia, Ghana, Guinea, Kenya, Mozambique,
BankservAfrica and Union Pay International have joined forces to introduce UPI e-commerce acceptance across several African countries. This builds on UPI’s appointment of BankservAfrica last December as its domestic on-soil processor for affordable, accessible, and innovative card payments for South Africa. “As the largest automated payments clearing house in Africa, responsible for clearing and processing
Mastercard’s vision of instant and secure payments as a multiplier to help businesses and economies thrive continues to grow. Today, Mastercard announced that South Africa will be the first market in the world to benefit from the security and speed of immediate Mastercard card payments. Through product innovations, network enhancements, and strategic partnerships, Mastercard will
TBD and African FinTech Chipper Cash partnered to facilitate B2C and B2B cross-border payments across 40 African countries. Chipper Cash has integrated with TBD’s open messaging protocol, tbDEX, to power cross-border payments and decentralized identity use cases, the companies said in a Tuesday (May 14) press release. “Across Africa, the challenges of currency liquidity and
Digital currencies, along with digital asset infrastructures like blockchain and unified ledger technologies, are consuming the attention of central banks around the world. New central bank digital currencies (CBDC) pilots emerge almost monthly. Despite regulators’ fascination with these technologies, local banks remain fairly cautious about their adoption. The reasons for this cautious approach vary, but
Flash Group, a prominent player in digital payments and financial services and Ecentric, a leading payment solutions provider, have joined forces in a new strategic partnership set to transform the payment landscape in South Africa. Together, they will focus on expanding access to financial services, particularly through the integration of 1Voucher—a prepaid payment voucher that
