Ingenico Acquires Phos, Extending its Offer for Merchant Payment Acceptance via Smartphone

Posted on by Staff Reporter | 23482 Views | 15 min read

The strategic purchase of Phos is a next step in Ingenico’s evolution towards software-driven services, following recent acquisition of Ingenico by the investment funds managed by affiliates of Apollo Global Management (the “Apollo Funds”) in September 2022. Ingenico, the global leader in payments acceptance solutions, announces its acquisition of 100% of Phos, a leading provider

Firstbank Announces a Name Change of its Subsidiaries, Reiterates its Commitment to Boosting Cross-Border Business Opportunities in Africa and the World.

Posted on by Staff Reporter | 21517 Views | 10 min read

First Bank of Nigeria Limited, Nigeria’s premier financial services institution, has announced a phased corporate name change of its subsidiaries in the United Kingdom and Sub-Saharan Africa. FBNBank UK, FBNBank Sierra Leone, FBNBank Gambia and FBNBank DRC are the first set of subsidiaries effecting the name alignment. They are now known and addressed as FirstBank

Standard Bank: Tackling SA’s Unemployment Crisis Head On

Posted on by Staff Reporter | 15916 Views | 19 min read

Standard Bank client insight enables practical private sector job creation Unemployment compromises GDP growth, threatens economic stability and tears at the fabric of our society. Standard Bank, as well as independent research, show that South African employment is still 5% lower than pre-Covid-19. A 35% unemployment rate means that only 200 000 out of the

Namibian Banks Able to Withstand Foreign Banking Crisis

Posted on by Staff Reporter | 13859 Views | 16 min read

Namibia’s banking system remains resilient and sound, with solid capital and liquidity buffers in place to withstand risks emanating from internal and external shocks as the world reels from the closure of a number of regional banking institutions in the United States and a global systemically important bank based in Europe. The Bank of Namibia

Payshap to Spur Chat Commerce But Pricing Complexity Will Impact Uptake

Posted on by Staff Reporter | 14938 Views | 16 min read

South Africa’s long awaited and highly anticipated rapid payment programme (RPP), PayShap, offers huge potential to boost digital payments and, when used in conjunction with technologies such as Chat Commerce, could serve as a real game changer for businesses. But the disparity in launch pricing from local banks could hinder uptake, blunting the effects of

The People’s Own Savings Bank (POSB) Launches Co-Badged Debit and Prepaid Mastercard Cards

Posted on by Staff Reporter | 34847 Views | 20 min read

The Mastercard debit card enables customers to make dual currency transactions on the same card. The prepaid Mastercard card will allow non-account holders to transact in foreign currency.  The Mastercard debit cards will enable safer, simpler, smarter, and accessible transactions inclusive of e-Commerce transactions. POSB in partnership with Mastercard has unveiled new prepaid and debit

PAYM8 Launch a New SoftPOS Solution in Partnership with WIZZIT

Posted on by Staff Reporter | 29362 Views | 6 min read

Financial gateway service provider, PAYM8, in partnership with WIZZIT, has introduced its Tap-on-Phone SoftPOS solution.  The solution offers an innovative alternative to traditional point-of-sale devices and will give PAYM8 customers a safe, easy way to pay that can be used anywhere. The solution meets PCI (Payment Card Industry) and EMV (Europay, MasterCard, and Visa) requirements.

Building Trust After the African Polycrisis

Posted on by Staff Reporter | 11752 Views | 15 min read

Columbia University’s Adam Tooze joins the debate on confidence and growth in Africa, launching the public discussion programme of the recently established Standard Bank Chair in African Trust Infrastructures at the University of the Witwatersrand. Standard Bank’s corporate commitment to Africa’s growth recognises the role of education and research in the development of the African

Bank of Namibia Launches Automated Regulatory Reporting System – A First for Namibia

Posted on by Staff Reporter | 11726 Views | 15 min read

The Bank of Namibia (the Bank) is pleased to announce the launch of Namibia’s first-ever Automated Regulatory Reporting System, available to regulated and supervised entities licensed by the Bank to conduct banking, currency exchange, and payment service provision activities from 01 February 2023. The acquisition of the system comes at a time when regulators and

Preparation for Discontinuation of Cheques in Botswana

Posted on by Staff Reporter | 12442 Views | 3 min read

The Bank of Botswana and the Bankers’ Association of Botswana hereby remind the public that as per the previous public notice(s), the Botswana Automated Clearing House (BACH) will cease to accept cheques for clearing as at December 31, 2023. Accordingly, the use of cheques as a means of payment in Botswana will be discontinued by