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BIS Committee on Payments and Market Infrastructures Publishes New Correspondent Banking Data
Over the last decade the volume and value of cross-border payments has increased by 61% and 37%, respectively, while the number of correspondent banking relationships has fallen by 29%. The
Spearheading Electronic Funds Transfer (EFT) Innovation in South Africa and Beyond – PAY8
In recent years, Electronic Funds Transfers (EFTs) have become a bedrock of financial systems worldwide, shaping the way businesses, consumers, and banks interact. Andrew Springate, CEO of tech and financial
Overburdened Local Banks Struggle to Maintain Innovation – Network International
As banks continue to work towards new regulatory and compliance standards, all are having to find balance between resource and funding priorities and between step-change innovation and more operational requirements.
False Declines Carry Big Risk For Banks, Consumers and Merchants – Entersekt
Friction at checkout remains a major challenge for businesses, many of which are doing everything they can to reduce cart abandonment and ensure a great customer experience. At the same
ACI Worldwide To Offer Banks New Cross-Border, Real-Time Payment Services
ACI enables financial institutions to utilize Swift Go via the ACI Enterprise Payments Platform ACI Worldwide, a global leader in mission-critical, real-time payments software, today announced the addition of Swift
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Overburdened Local Banks Struggle to Maintain Innovation – Network International
As banks continue to work towards new regulatory and compliance standards, all are having to find balance between resource and funding priorities and between step-change innovation and more operational requirements.
Ukheshe Labs to Focus on Digital Payment Innovation
Banking as a Service (BaaS) and embedded finance enabler Ukheshe has recently launched a new innovation hub, Ukheshe Labs, to focus on research and development in the digital payments market.
New Integrated Payment Platform to be Launched in Africa – Moment
Moment offers expanded payment infrastructure for businesses across Africa to help them collect and make payments easier, quicker, and more affordable MultiChoice Group, Rapyd and General Catalyst today announced a
PayShap: A Catalyst For Financial Inclusion in South Africa or Just Another Expensive Payment Method? – Synthesis
By Harsha Maloo, Head of Payments at Synthesis There has been a lot of talk around the corner about PayShap – the new super-fast, low-cost payment rail which has recently
How Innovative Payment Solutions are Shaping South Africa’s Retail Sector – Ecentric
By Shaun Holley, Deputy CEO & Head of Innovation & Rory Bosman, Sales & Marketing Executive at Ecentric Payment Systems Today’s consumers have access to a myriad of convenient experiences
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Equity Group Reports a 21% Growth to Record a Kshs.1.54 Trillion in Total Assets and 8% Growth in Profit After Tax
Equity Group has weathered a turbulent macroeconomic environment to register a 21% growth with total assets reaching Kshs.1,537.7 billion. Funding the asset growth is a 23% growth in customer deposits
Unifi’s Winning Formula: A Milestone in Fostering Financial Inclusion Across Sub-Saharan Africa
As a fast-growing provider of innovative, unsecured lending solutions to underserved markets across Sub-Saharan Africa, Unifi is thrilled to announce that it has opened its fiftieth branch in Africa. This
DPO Pay Appoints Isabella Marira and Daisy Shipwoni
Leading African digital payments company DPO Pay has announced the appointment of Isabella Marira as Group Head of Operations, and Daisy Shipwoni as Head of Marketing. In her new role,
GSMA: Mobile Money Exceeds Industry Expectations, Reaching a Transaction Value of $1.26 Trillion in 2022
The GSMA’s State of the Industry Report on Mobile Money 2023 shows adoption rates are even more significant than expected, with registered accounts, transaction values and deployments exceeding industry predictions.
Bank of Namibia Strengthens Digital Transformation Strategy with Visit to the Central Bank of Kenya
The Bank of Namibia (BoN), in its ongoing pursuit of digital transformation for the central bank and modernisation of the financial sector to achieve higher levels of financial inclusion, has
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Tigo, Selcom and Mastercard Partner to Launch Online Digital Payment Solution in Tanzania
All Tigo Pesa customers in Tanzania, can now make online payments globally with their Mastercard Virtual Card. Tigo Tanzania, Selcom and Mastercard Inc. have announced a strategic partnership that will see
How Banks Can Compete in an Evolving Payments World
The right strategy and the right partners help banks modernize offerings to commercial customers securely, compliantly – and more quickly than with internal development projects. Banks and businesses have a
How Payment Processors Catch Digital White Rabbits
Neobanks and fintechs act very similarly to the White Rabbit from Wonderland. Soon after entering the scene, they start falling down the rabbit hole of payment innovations, user expectations and
Transforming Legacy Systems and Processes to Sharpen Your Edge in Payments
Written by David Smith, CEO WeDo Help Limited The payments sector is ripe with growth opportunities, but winning in this market takes speed, agility and a relentless focus on the
Network International Announces On-Soil Payment Platform for Southern African Clients
Digital payments leader Network International reaffirms its commitment to South Africa with ZAR 500 million investment in deploying its processing capabilities locally; building on ZAR 3.5 billion acquisition in Payfast.
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