Zazu and Mastercard partnership to drive digital payment adoption and reduce cash through globally accepted prepaid and virtual cards In a market first, Zazu Africa Limited (Zazu) announced a partnership with Mastercard to issue prepaid cards linked to the Zazu app in a move that will help to reduce cash dependence and increase financial inclusion
Having completed its core value proposition, preparations are underway to open its digital doors Bank Zero has now fully completed its core value proposition by going live with its debit card. Following this card go-live, rigorous health-checks such as simulated card attacks, card fraud detection and retailer readiness are currently underway. Thereafter the final countdown
The National Payment System (NPS) impacts the lives of all South Africans. Essentially, it exists to serve the economy by ensuring the safe and efficient circulation of money between senders and recipients, and through it the people (both individuals and corporates) of South Africa. As with all payment systems in the world, South Africa’s NPS
Deepak Malik joins the Ecobank Transnational Incorporated (ETI) Board of Directors as a nominee of Arise B.V. (“Arise”) which now holds a 14.1% equity stake in ETI Mr. Deepak Malik has been coopted to the Board of Ecobank Transnational Incorporated (ETI) (https://www.Ecobank.com), the parent company of the Ecobank Group as a Non-Executive Director. Deepak Malik
In pursuit of its goal to contribute to bridging the financial divide, MTN Group has granted third parties access to its Mobile Money (MoMo) Access Programming Interface (API) platform. The open API enables developers and programmers to innovate on the platform and develop products and other solutions that will create a wider range of digital
Cellulant, Africa’s leading financial technology company has announced the launch of Tingg, an all-in-one, multi-functional consumer super app that will include a wide array of payment, commerce and financial services into a single platform that will revolutionize the way customers interact with digital payment services in the continent. Tingg is Cellulant’s solution to the fragmentation
The partnership will also allow Ecobank corporate account holders to make bulk disbursements, such as payroll payments, directly into Airtel Money customer wallets Airtel Africa (Airtel.Africa), a leading global telecommunications services provider with operations in 14 countries across Africa, and Ecobank Transnational Incorporated (“ETI”) (Ecobank.com), the parent company of Ecobank the leading pan-African banking group operating
Financial inclusion took another step forward as local start-up, uKheshe, South Africa’s cheapest and most convenient QR cash card and micro transaction platform, won the 2019 Global Fintech Hackcelerator @ Southern Africa competition. Launched by the South African Reserve Bank (SARB) and powered by fintech/bank matchmaking platform, KPMG Matchi, this fintech acceleration programme creates a
Visa has announced plans to establish localised processing infrastructure in South Africa. The new infrastructure will supplement the company’s global processing network VisaNet and serve both domestic and international payments for South African clients. VisaNet is one of the world’s most advanced processing networks delivering secure, reliable and scalable transaction processing and value-added payment services.
New short-term finance launched to help merchants cash in on Festive sales. Local Payment Service Provider, PayGate has partnered with Retail Capital to provide businesses with short-term working capital. The co-created Easy Advance product will allow merchants to gear up to take advantage of the approaching Black Friday and Festive Season opportunities. “Over the last
