Articles with tag: africa

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Flutterwave launches refund policy for online shoppers

News | Ecommerce | 26 Nov 2020

US-based PSP Flutterwave has announced the launch of the Payment Protection Promise, a new refund policy to protect customers when shopping online on its payment platform. 

Flutterwave, product launch, Nigeria, Africa, Payment Protection Promise, refunds, online shopping, merchants

PostBank, UnionPay International launch new payments card in Uganda

News | Cards | 26 Nov 2020

PostBank Uganda and UnionPay International have announced the launch of the UnionPay PostCard, a new payments card that allows the bank’s customers to make transactions across the world.

PostBank, UnionPay International, product launch, Uganda, Africa, UnionPay PostCard, card payments, e-wallets, UnionPay QR code wallet, HCE wallet

Capitec launches QR code scanning feature

News | Mobile Payments | 25 Nov 2020

South Africa-based digital bank Capitec has launched a QR code payment feature in its new app.

Capitec, South Africa, Africa, QR code, mobile payments, payments app, SnapScan, Zapper

Standard Chartered, CDC pledge USD 100 mln to trade finance agreement

News | E-invoicing, SCF & E-procurement | 24 Nov 2020

Standard Chartered and CDC Group have announced an additional USD 100 million commitment to their existing master risk participation agreement.

Standard Chartered, CDC Group, partnership, trade finance, agreement, master risk participation agreement, South Asia, Africa, supply chain finance, scf

Ukheshe, Mastercard's Accelerate programme participant in South Africa, set to acquire Oltio

News | Online & Mobile Banking | 20 Nov 2020

South Africa-based Ukheshe, a digital fintech platform provider, has announced it has entered into an agreement to acquire Oltio.

Ukheshe, Oltio, Masterpass, Mastercard, QR, South Africa, cards, mobile payments, partnership,

African startup Chipper Cash raises USD 30 mln Series B funding round

News | Mobile Payments | 19 Nov 2020

African cross-border fintech startup Chipper Cash has raised USD 30 million in a Series B funding round led by Ribbit Capital with participation of Bezos Expeditions – the personal VC fund of Amazon CEO Jeff Bezos.

Chipper Cash, funding, Africa, Series B funding round, Ribbit Capital, Bezos Expeditions, Jeff Bezos, mobile payments, P2P payments, merchants, payment solutions, crypto-currency trading, investment services

O-CITY announces initiative to drive contactless payments across bus services in Kenya

News | Mobile Payments | 18 Nov 2020

BPC’s automated fare collection provider O-CITY has announced its initiative to drive contactless payments across bus services in Nairobi, Kenya.

BPC, O-CITY, expansion, Kenya, Africa, contactless payments, COVID-19, NikoDigi, Tracom, M-Pesa, mobile wallet

South Africa-based FNB changes online payment approvals

News | Online & Mobile Banking | 16 Nov 2020

First National Bank (FNB) has decided to change the way customers approve their online payments, in a bid to the make the process more secure and reduce instances of fraud.

FNB, South Africa, online payments, First National Bank, fraud, OTP, mobile banking, app

South African Revenue Service to discontinue use of cheques from 2021

News | Online Payments | 13 Nov 2020

The South African Revenue Service (SARS) has announced it will discontinue the use of cheques from 2021.

SARS, The South African Revenue Service, cheque, contactless payments, South Africa, payments, EFT, ABSA, Capitec, FNB, Nedbank, Standard Bank

Payment24, Mastercard to offer secure payments for fleet operators

News | Digital Identity, Security & Online Fraud | 12 Nov 2020

Mastercard has announced a partnership with South Africa-based fuel payment fintech Payment24, to help fleet management companies streamline payments and prevent fraud.

Payment24, Mastercard, partnership, fraud prevention, secure transaction, fleet operator payments, fuel payments, online payments, card payments, fleet management, South Africa, Africa

Microsoft teams up with dLocal to reach new customers in Nigeria and other emerging markets

News | Online Payments | 11 Nov 2020

Microsoft has teamed up with dLocal, an Uruguay-based cross-border payments platform to reach new customers in emerging markets with local payment methods.

Microsoft, dLocal, partnership, Nigeria, Africa, emerging markets, online payments, subscriptions, cards, Visa, Mastercard

Afreximbank, ITFC, and Badea launch COVID-19 pandemic response facility in Africa

News | E-invoicing, SCF & E-procurement | 10 Nov 2020

The African Export-Import Bank (Afreximbank) has announced a new USD 1.5 billion pandemic response facility in a partnership with the ITFC and Badea, according to Global Trade Review.

Afreximbank, ITFC, Badea, COVID-19, Africa, partnership, financial assistance, COPREFA, funding

BNB launches new remittance service for Africa

News | Online Payments | 09 Nov 2020

BNB, a Canada-based fintech that specialises in remittances, has launched a new online money transfer service that allows people to send money to friends and relatives in Africa.

BNB, Liberia, Sierra Leone, Guinea, Africa, product launch, remittance, money transfer

Crown Agents Bank, Paga extend partnership for Africa expansion

News | Online & Mobile Banking | 03 Nov 2020

Crown Agents Bank has announced it is expanding its partnership with Paga to increase its payments reach in Nigeria, Africa’s largest economy.

Crown Agents Bank, Paga, payments, Nigeria, Africa, mobile money, money transfer, remittance, partnership, FX, cross-border payments

Raseedy, saib Bank, Mastercard partner to launch digital wallet in Egypt

News | Mobile Payments | 03 Nov 2020

Egypt-based e-wallet provider Raseedy has announced the launch of an independent licensed digital wallet in partnership with saib Bank and Mastercard.

Raseedy, saib Bank, Mastercard, Egypt, MENA, Africa, product launch, e-wallet, online payments, remittances, merchants, QR codes, money transfer

Fintech platform Nium expands into Africa

News | Payments General | 27 Oct 2020

Singapore-based global financial technology infrastructure platform Nium has announced its expansion into Africa.

Nium, expansion, Africa, fintech, money transfer

Payment methods in 2020 – The global overview

Voice of the Industry | Online Payments | 26 Oct 2020

Alexandra Constantinovici, senior editor with The Paypers, drills down on the most relevant updates in the global payments industry, with focus on key particularities from each geography. 

Payment Methods Report, The Paypers, payment methods, online payments, mobile payments, cashless society, QR payments, pay later solutions, Asia, US, UK, Spain, The Netherlands, Southeast Asia, Africa, Kenya, Nigeria, LATAM, Brazil, Mexico, Japan, Singapore, ecommerce, online commerce, Unified Payment Interface, Tap-on-Phone, POS, mobile POS

Standard Bank, Mastercard, Google to help SMEs open their digital doors in South Africa

News | Online Payments | 22 Oct 2020

Standard Bank, Mastercard, and Google have teamed up to help SMEs in South Africa move their businesses online, accept digital payments, and attract more customers.

Standard Bank, Mastercard, Google, South Africa, SMEs, payment digitalisation, ecommerce, Google Ads, online sales

Mastercard to streamline digital transformation for Ethiopian commerce

News | Online Payments | 20 Oct 2020

Mastercard has announced a partnership with the Ethiopian Ministry of Innovation and Technology (MINT) to develop and implement strategies for a more digitised economy in Ethiopia.

Mastercard, Ethiopian Ministry of Innovation and Technology, Ethiopia, digital transformation, online payments, digitalization, digitised payment solution, Africa, MENA, SMB, SME,

South African mobile payments provider Zapper ends collaboration with Masterpass

News | Mobile Payments | 08 Oct 2020

South Africa-based Zapper, a mobile payments, loyalty, and rewards platform, has stopped their interoperability agreement with Masterpass.

Zapper, Masterpass, South Africa, mobile payments, interoperability agreement, Mastercard, FNB, QR code