Only a Quarter of Payment Issuers and Acquirers Have Made Significant Progress on Their Shift to the Cloud, New Research From HPS

HPS, the leading global provider of payment solutions and services, has launched a new eBook, in partnership with OMDIA, on the unique opportunity presented by cloud-based payment platforms for financial institutions and merchants across the world. The eBook, Seamless Evolution: Transforming Financial Institutions with Cloud-Powered Digital-First Strategies for Enhanced Customer Experiences, canvasses the views of

Mastercard and Onafriq Collaborate to Increase Accessibility to Financial Services Across Africa’s Payment Ecosystem

Mastercard and Onafriq (previously MFS Africa), a pan-African payments company, have collaborated to bring secure, cost-effective, and innovative payment options to consumers, as well as small and medium enterprises (SME) across the continent. Africa’s mobile money sector is one of the most established and fastest-growing fintech industries in the world. According to The State of

Boston Consulting Group (BCG) Global Payments Report 2023 | Key to Growth Is Creating Disruptive Solution

The global payments industry has come a long way over the past decade—and in a myriad of directions. Consumers and companies have shifted from cash to a burgeoning and integrated system of electronic payments solutions and value-added services. Payments have become more accessible, with innovations such as digital wallets, QR codes, and mobile money accelerating

Verifone’s Digital Commerce Platform Wins Best Payments and eCommerce Conversion Solution

Verifone, the payments architect shaping ecosystems for online and in-person commerce experiences, today announces that its platform for digital commerce has won the Best Payments Solution and Best eCommerce Conversion Solution categories at the annual 2023 SIIA CODiE awards. SIIA CODiEs are the industry’s only peer-recognized awards program, annually awarding pioneers and innovators in the

The Six Key Reasons Consumers in Sub Saharan Africa Love Mobile Money

By Pieter Schulze, Head of Product at Standard Bank Mobile money transactions represent a substantial portion of domestic economic activity in many countries across sub Saharan Africa. In countries such as Kenya, Tanzania and Zambia, mobile money transactions volumes and values even exceed domestic electronic funds transfers (EFTs) (Central Bank of Kenya, 2023) (Bank of Tanzania,

South Africa’s Forthcoming Rapid Payments Programme (RPP) is Good News for Merchants and Consumers

The highly anticipated modernisation of the country’s inter-banking payment system will not only boost financial inclusion but make it much easier, and cheaper, for consumers to pay both merchants and fellow consumers whilst boosting e-commerce sales says Andrew Springate, CEO of tech and financial gateway service provider PAYM8. South Africa’s Rapid Payments Programme (RPP) is

eftsure Africa | Payment Fraud – Top Five Scams to look out for

The truth is, all businesses are at risk of being scammed at some point, and just one incident can cost a company millions of Rand. Ryan Mer, CEO, eftsure Africa, a Know Your Payee™ (KYP) platform provider, says that fraudsters are constantly finding new ways to exploit vulnerabilities and attack corporate payment systems and it’s

Rate Hike by SARB is a Sign that Economic Recovery is Underway, says FNB CEO

Following the South African Reserve Bank’s (SARB’s) decision to increase its repo rate by 0.25%, FNB will also lift its prime lending rate by 0.25%. The new rate will take effect on all prime-linked accounts from Friday 19 November 2021. FNB CEO Jacques Celliers says that “Today’s rate hike by the SARB is a sign

Central Bank of Nigeria closes over 100 fake social media accounts of CBN Governor

The Central Bank of Nigeria (CBN) became aware of postings on social media platforms (including Facebook, Twitter) apparently  made by the CBN Governor, Mallam Sanusi Lamido Sanusi and has since clarified that the social media accounts are fake accounts. CBN stated that the Governor has neither a Facebook or Twitter account and that in the past 6 months

Western Union, MTN announce launch of mobile money transfer service in Uganda

The Western Union Company and MTN Group announced the launch of a mobile money transfer service in Uganda, allowing MTN customers to send and receive money across borders using just their mobile phones for the first time. The service, announced at a press conference in Kampala, marks the debut of an offering from Western Union