Mastercard is furthering its commitment to create a more sustainable and inclusive digital economy, with a pledge to reach net zero emissions by 2050. Understanding that economic growth cannot come at the expense of the planet, the company’s global action plan aims to continue to reduce greenhouse gases (GHG) by remaining focused on the decarbonization
2021 will continue to see the digitisation of payments across various industries including retail, professional services and ecommerce. Online payment gateway, PayFast saw unprecedented growth in industries which previously had a limited need for digital payments. These included a 1 787% year-on-year increase for online liquor stores; a 683% uptake in telecommunications services and a 512%
Innovative digital solutions will enhance mobile-based payments for issuers, merchants, acquirers and consumers Mastercard, a technology leader in the global payments industry, and its strategic partner, Network International, the leading enabler of digital commerce in the Middle East and Africa (MEA) region, have collaborated to launch a new digital platform which will accelerate the adoption
Market-leading gym group, Planet Fitness, announced that they have adopted the latest in smart payment collection technologies for enhanced management of membership payments. This has transformed new member enrollment into a remarkably quick and seamless process and improved their collection success rates. The new technologies are powered by Bitventure, the payment, verification, and onboarding solutions
Over the next two years and beyond, SWIFT will deliver on an exciting strategic roadmap for and with its global community of 11,000 institutions, expanding SWIFT’s capabilities beyond financial messaging to provide a platform for comprehensive transaction management services. This new approach will support and accelerate innovation, paving the way for financial institutions — independently,
Spark ATM Systems, South Africa’s leading independent ATM deployer, won five awards at the tt100 Business Innovations Awards. The company also proudly added the Fintech Award of the 2020 Africa Tech Week Awards to its trophy cabinet. The tt100 Business Innovation Awards programme was launched in 1991 to create awareness of the role of technology
Of all the technology sectors to have prospered amid the COVID-19 pandemic, the online payment space has emerged as one of the most influential, following the call for social distancing and demand for contactless payment solutions. “In fact, the Global Payments Report for 2020 published by McKinsey & Co. found that the digital payments sector
Despite increased economic uncertainty, FNB, the most valuable brand in SA, is increasing its focus on building even more trust and further assisting their customers to thrive. According to Jacques Celliers, CEO of FNB, businesses and individuals now have the advantage of hindsight, and those that are able to apply many of the difficult lessons
Mastercard Economics Institute report estimates that 20-30% of the COVID-related surge in e-commerce spending to be a permanent feature in share of overall retail spending Young and digitally savvy populations across the Middle East and Africa (MEA) are key to long-term growth outlook, but youth unemployment poses a threat to growth prospects The opportunity for
New banking regulations, digital consumers, the eradication of passwords, contactless technology – these are just some of the trends that will shape financial services and payments in 2021, writes Entersekt CTO, Gerhard Oosthuizen. The past year has fundamentally reshaped all sectors of the economy by accelerating the move to digital and this will define the
