Millennium Bim Selects Ingenico Group to Upgrade its POS Fleet in Mozambique

Posted on by Staff Writer | 9749 Views | 7 min read

Ingenico Group, the global leader in seamless payment, announced that Millennium Bim, the largest bank in Mozambique, has partnered with Ingenico Group to replace its current fleet of point-of-sales throughout the country. Millennium Bim selected Ingenico Group’s smart terminals for their flexibility, innovative capabilities, and compliance with the highest security standards. Beyond a banking application,

MasterCard and the ‘Customer of Tomorrow’

Posted on by Staff Writer | 9955 Views | 5 min read

Speaking at the Retail Congress Africa in Cape Town recently, James House CEO of 5one, a global retail consultancy purchased by MasterCard in 2014, discussed how the evolving retail environment is changing the way retailers must engage with their customers. Customers are no longer relying on just one channel when making a purchase and this

MasterCard: The Future of Payments is Mobile

Posted on by Staff Writer | 10542 Views | 7 min read

There is a digital convergence happening in the payments space. Online shopping, mobile devices, and pervasive connectivity are redefining the roles of ‘traditional’ and ‘emerging’ payments systems, while mobile devices are blurring the lines between card-not-present and card-present transactions. Payments Afrika attended the recent Retail Congress Africa conference and had an opportunity to speak to

Customer Experience is Driving the Future of Payments

Posted on by Staff Writer | 6609 Views | 13 min read

Innovative technologies impact almost every aspect of our daily lives, from the way we communicate and manage our health to the way we pay for things. The rise of digital payments and the convergence of these technologies is the most significant development since the introduction of payment cards half a century ago. The mobile phone

Cashbackpoint and VCS, Agree on Strategic Partnership

Posted on by Staff Writer | 10128 Views | 8 min read

Virtual Card Services (VCS), a leader in developing and implementing credit, debit and smart card processing systems, has announced a strategic partnership deal with the multiple award-winning loyalty business Cashbackpoint. In a first for the African continent, the deal brings payment card linked cashback rewards to the online market. Consumers in South Africa can register

Why Third-party Payment Trusts are the Best Way to Protect Against Payment Fraud and Crime

Posted on by Staff Writer | 2950 Views | 16 min read

One only needs to take a quick look at a website like scambuster.co.za to get a first-hand sense of how prevalent payment crime and fraud is. Regardless of the platform; whether traditional classifieds, online trade sites like OLX or Gumtree, or simply the phishing scams that come to your inbox, payment crime and fraud are

SwaziBank Launches MasterCard Campaign to Reward Cardholders

Posted on by Staff Writer | 8897 Views | 8 min read

SwaziBank announced the launch of the MasterCard Festive Campaign in Swaziland, just in time for the festive season. The Campaign will reward the banks customers for purchases made on weekends only during the months of October to December 2015, when they use their MasterCard debit card for purchases at selected malls. SwaziBank customers will be

MoneyGram Announces Collaboration with Econet Wireless

Posted on by Staff Writer | 9179 Views | 8 min read

MoneyGram, a global provider of innovative money transfer services, and Econet Wireless, the leading mobile operator in Zimbabwe, announced the launch of a new service that enables customers from more than 200 countries and territories worldwide to transfer funds via EcoCash, Zimbabwe’s leading mobile money transfer solution. The new offering means that more than 4.9

Mukuru Announce the Launch of their New Partner in Malawi: Post Office

Posted on by Staff Writer | 8591 Views | 6 min read

Mukuru announced it had entered into partnership with Malawi Posts Corporation (MPC) to allow for easy access of remittances to Malawi. The partnership will allow for Mukuru customers in Malawi to easily collect cash sent from South Africa, the UK, Canada and European Union from any of the 182 Post Offices across Malawi. This brings

Nomanini Raises Funding from Impact Investment Firm Goodwell

Posted on by Staff Writer | 8022 Views | 17 min read

South African-based enterprise payments platform provider, Nomanini, has raised an undisclosed round of funding from impact investment firm Goodwell Investments. The investment in Nomanini is the second on-the-ground investment made by Goodwell Investments in South Africa from its EUR 50 million uMunthu fund, which is targeting startups and high growth companies in the financial inclusion