Ericsson and MTN Group Fintech have completed the Mobile Money (MoMo) Evolved Migration across key African markets, including Eswatini, Ghana, Rwanda and Uganda. Building on these deployments, Ericsson and MTN Group Fintech are advancing similar evolution initiatives in additional markets, starting with an ongoing project in Cameroon as well as active discussions to bring Benin,
By: Pierre Aurel, Chief Product Officer, Stanchion Payments Solution. Originally published here. The number of virtual cards issued worldwide is growing at an unprecedented pace. According to Juniper Research, global virtual card issuance is expected to grow at over 30% annually between 2023 and 2028, driven by relentless consumer demand for seamless, secure and convenient
Standard Bank has enabled near real-time payments for Lesotho and Eswatini. This means that money sent by South African clients to accounts in these countries will only take two hours to arrive. In the past, payments would take a minimum of 24 hours and a maximum of 48 hours (about 2 days) to clear. “South
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
SwaziBank has announced its collaboration with MasterCard, becoming the first locally owned retail and commercial bank licensed by the global payments technology company in Swaziland. By enabling acceptance of MasterCard products on SwaziBank’s ATM network around the country, the number of ATMs now accepting MasterCard payment cards in Swaziland increases by a substantial 25 percent.
On Sunday 21 July, the SADC (South African Development Community) Integrated Regional Electronic Settlement System (SIRESS) was successfully implemented in a live environment for the four countries of the Common Monetary Area: South Africa, Namibia, Lesotho and Swaziland. All participants in Lesotho, Namibia and South Africa successfully participated in the implementation activities on Sunday 21 July
Cross-border cheques and bank drafts within the Common Monetary Area (CMA) are being phased out with effect from 22 July 2013 and will no longer be accepted by any banking institution within the CMA. The CMA includes Namibia, South Africa, Lesotho and Swaziland. For Namibian clients it means that, as from the 22nd of July
