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Standard & Poor’s Reaffirms the “Investment Grade” Status of Mauritius and Moody’s Upgrades the Sovereign Scorecard-Indicated Outcome to Baa1-Baa3
The Bank of Mauritius (Bank) welcomes the decision taken by Standard & Poor’s on the 21st of July 2023 to confirm the “Investment grade” status of Mauritius and the release
Swift Finds Security and Transparency Matter Most for Low-Value Cross-Border Payments
Swift has published the results of a global survey of 7,000 consumers and small businesses on attitudes to low-value cross-border payments, finding that security and transparency are the most important
Infor Partners with People365 to Offer Expanded Payroll Solution Tailored for Customers in the Middle East & Africa
Infor offers People365 Payroll and Time Management solutions to customers along with Infor ERP and Human Capital Management solutions to enable automated and streamlined payroll functions while ensuring compliance with
Central Banks Stay the Course as Inflation Fight Gets Tougher, BIS Says in Annual Economic Report
Central banks are determined to conquer inflation, even if the last mile to price stability may be the most challenging. There is a material risk of further financial stress as
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Standard Bank Delivers Record Headline Earnings for the Six Months Ended
Standard Bank Group (“Standard Bank” or “the group”) delivered record headline earnings of R15.3 billion for the six months to 30 June 2022 (1H22 or the current period), up 33%
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Visa’s Digital Authentication Framework and Mastercard’s Token Authentication Framework: Getting set for this seismic shift in the payments landscape
Over the past few years, the evolution of standards such as 3D Secure 2 (3DS2) and regulations such as the Strong Customer Authentication requirements in Europe’s Payment Services Directive 2
Southern African Fintech Start-Ups Receive Investment Readiness Support for Financial Access Solutions
Ten innovative Southern African start-ups received awards for their solutions to bridge the gap in financial access for underserved communities. The Fintech Challenge was part of the ecosystem development initiatives
DRUID Forms Strategic Alliance with MoData: Pioneering AI-Powered Customer Engagement and Fintech Solutions
DRUID, an AI-driven conversational leader, has announced its strategic partnership with MoData (Pty) Ltd, an emerging forerunner in AI-powered customer engagement, fintech and data-driven financial applications. This collaboration is poised
Stanbic Commits to Local Business Growth
Stanbic Bank says it is committed to focus on the growth of local businesses and is well positioned to offer fit for purpose banking services to local businesses in the
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BNPL, Cards and Wallets: The Technology that Connects the Dots – OpenWay
Download the report here. BNPL (Buy Now, Pay Later) wallets are no longer positioned as an invincible challenge to international card schemes. Even the most successful BNPL app providers have
OpenWay Report | Cross-Border Merchant Acquiring: New Technology, New Competitors
Download the report here. Competition in cross-border merchant acquiring is growing exponentially. Many incumbents find themselves burdened by rigid and uncoordinated legacy systems, unable to keep up with merchant expectations.
Paycorp Champions Financial Inclusion in South Africa with SARB Designation and Visa & MasterCard Principal Membership
Paycorp, a leading provider of payment solutions, has been licensed as a direct clearing system participant by the South African Reserve Bank (SARB). This means Paycorp can now acquire payment
Ukheshe Partners with Diamond Trust Bank to Deliver BaaS in East Africa
Banking as a Service (BaaS) and embedded finance enabler Ukheshe has partnered with Diamond Trust Bank (DTB) to provide an innovative BaaS platform in East Africa. BaaS, the provision of
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