BankservAfrica Partners With UnionPay for Transaction Support in Africa

Posted on by kara | 5084 Views | 6 min read
BankservAfrica

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 Accelerates the Path Toward Real-Time Card Payments

Posted on by kara | 6515 Views | 13 min read
Mastercard

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 Chipper Cash Partner on Cross-Border Payments in Africa

Posted on by kara | 9137 Views | 8 min read
TBD

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: Overcoming Inertia Could Boost Banking Innovation

Posted on by kara | 4969 Views | 23 min read
Digital Currencies

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 and Ecentric Join Forces to Boost Financial Inclusion in South Africa

Posted on by kara | 4384 Views | 15 min read
Flash Group

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

Fintech SA: The Rise of Innovation Beyond Payments to Transform Access and Opportunities for Startups

Posted on by kara | 7723 Views | 14 min read
Fintech SA

Fintech SA has revolutionised the landscape for startups and small businesses that, two decades ago, had limited options for processing transactions, with cash being the only option for many. Startups by their very nature also lacked credit histories, making it difficult to apply for finance and leaving them vulnerable to unaffordable loans when seeking financial

Mastercard and Amazon Payment Services to Enable Digital Payment Acceptance Across Middle East and Africa

Posted on by kara | 9937 Views | 12 min read
Mastercard and Amazon

Mastercard and Amazon Payment Services have signed a multi-year commercial partnership agreement to digitize payment acceptance in Middle East and Africa, across countries including Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, South Africa and UAE. As part of the collaboration, the leading payment service provider (PSP) will adopt Mastercard Gateway – a single touchpoint for

Kazang Pay Launches Card Acquiring Service in Zambia

Posted on by kara | 10028 Views | 11 min read
Kazang Pay

Kazang, the prepaid value-added services (VAS) and card acquiring business within JSE-listed fintech Lesaka Technologies, has launched its Kazang Pay card acceptance solution for merchants in Zambia. Kazang Pay makes it affordable for merchants to accept card payments on the same Kazang terminal they use to sell prepaid products and services. The Kazang Pay enabled

Independent ATMs Keep Cash Accessible in South Africa – ATM Solutions

Posted on by kara | 23707 Views | 15 min read
Independent ATM

Cash continues to power everyday transactions for millions across the nation. According to The South African Reserve Bank (SARB) Payments Study Report released in August 2024, South Africans use cash most often as a payment method (87%), regardless of what they buy. Only 15% use cardless payments and 8% opt for credit card, while debit

PayRetailers Expands Further Into Africa, Boosting Financial Inclusion Across Eight Additional Key Markets

Posted on by kara | 32662 Views | 9 min read
PayRetailers

Expansion includes Burkina Faso, Cameroon, Kenya, Ivory Coast, Ghana, Senegal, South Africa, Nigeria; Leveraging success in Latin America to provide underbanked populations in Africa with efficient payment functions. PayRetailers, the leading payment processor for Latin America, has today announced further expansion into Africa. With coverage now across 12 countries, the company offers a unified simple