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  • Digital Payments Advance In India And Africa

    Digital Payments Advance In India And Africa


    2018-09-04 [ Industry News ]


    The summer, now drawing to a close, brought significant payments and commerce activity outside the Western world.A new PYMNTS story offers an in-depth look at all the recent digital happenings in India — a country that’s experiencing more competition from the likes of Google, Amazon, Walmart-owned Flipkart and Alibaba. Online retail continues to grow in the country, and that market could hit $200 billion by 2026 if one goes by a Morgan Stanley estimate. That market will grow at a 30 percent compound annual growth rate (CAGR) until then.“An increasing num......

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  • Visa on Mobile Sets Up Shop in Tanzania as it Seeks to Expand Regional Footprint

    Visa on Mobile Sets Up Shop in Tanzania as it Seeks to Expand Regional Footprint


    2018-08-30 [ Industry News ]


    Visa Inc., the global leader in payments, has announced a strategic partnership with Maxcom Africa PLC – a merchant aggregator also known as Maxmalipo – that will enable more than 30,000 retailers in Tanzania to accept Visa on mobile payments, as well as 20,000 local agents to conduct cash deposits and withdrawals. This effort aims to connect more Tanzanian consumers to the global payment system. This comes as part of Visa’s strategic move to provide mobile payment services across East Africa.This follows Visa’s success in Kenya where the solution was launched in partnership with partnerships ......

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  • Absa Joins the Sovrin Foundation to Pave the Way Forward for Digital Identity Management in Africa

    Absa Joins the Sovrin Foundation to Pave the Way Forward for Digital Identity Management in Africa


    2018-08-28 [ Industry News ]


    Absa Group has become the first African bank and only the second company on the continent to join the global Sovrin Foundation as a Founding Steward – a move that means Absa now has the technology platform to build sophisticated self-sovereign digital identity capabilities for its employees and clients.“Self-sovereign identity – the emerging answer to the myriad challenges associated with identity management – has the potential to not only revolutionise how we manage and secure our personal information, but also to play a key role in driving financial inclusion in Africa,” says Andrew Baker, C......

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  • Mastercard and Zapper Collaborate to Drive Digital Payments Interoperability

    Mastercard and Zapper Collaborate to Drive Digital Payments Interoperability


    2018-08-28 [ Industry News ]


    South Africans can now use Masterpass, a global digital payment service by Mastercard, to pay for goods and services at over 20,000 Zapper merchants in South Africa using their smartphones. Zapper users, meanwhile, will be able to use the Zapper app to make mobile payments at nearly 50,000 Masterpass-enabled merchants nationwide.This follows a collaboration between Mastercard and Zapper, a South African mobile payment and loyalty rewards application, that allows users to make fast, easy and secure payments in a matter of seconds with their smartphones. Using QR code technology, Zapper provides......

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  • How Banks Can Connect To Emerging Payment Methods

    How Banks Can Connect To Emerging Payment Methods


    2018-08-27 [ Industry News ]


    Banks have honed their systems for decades to manage payments seamlessly and efficiently, while providing great client service with Titanic amounts of volume. However, they face a challenge when it comes to working with emerging forms of payments.“It’s hard to get those systems now to interact with things that are very different,” Modo CEO Bruce Parker told PYMNTS. To that end, Deutsche Bank recently took a stake in the firm to expand its existing digital business-to-business (B2B) and business-to-consumer (B2C) payments business.For starters, the way th......

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