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Low Card Acceptance at Informal Enterprises Despite High Consumer Demand

More than 51 percent of South Africa’s informal enterprises have encountered strong customer interest in paying by card, yet around 90 percent of them continue to run as cash-only businesses. Read More →

WorldRemit Raises $40m to Target 5 Million Customers in Africa

Leading digital money transfer service WorldRemit has raised $40m to drive its next phase of global growth, aiming to serve 10 million customers connected to emerging markets. Half of these Read More →

Using Prepaid Cards to Drive Financial Inclusion in Nigeria

The prepaid industry is now a truly worldwide market. Since launching in the mid-1990s in the US and the first programme in Europe in 1999, the popularity of prepaid cards Read More →

Direct Pay Online Group Acquires Setcom, SA Online EFT Solution Provider

The Direct Pay Online Group (DPO) announces the acquisition of Setcom (Pty) Ltd, which operates SID Instant EFT, the original and leading instant electronic funds transfer (EFT) solution in South Read More →

FirstBank Nigeria Recertified to PCI DSS Version 3.2

First Bank of Nigeria Limited, Nigeria’s most valuable bank brand, has successfully recertified to the Payment Card Industry Data Security Standard (PCI DSS) version 3.2, having been one of the Read More →
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