Wirecard has snagged all shares of South Africa’s MyGate Communications, a payment service provider (PSP) in Africa. The company operates one of Africa’s largest and fastest growing online payment gateways and was recently voted the best online payment gateway in Africa in 2016. MyGate’s enables merchants across Africa to accept a wide range of different…
NY-based Boloro, a specialist in multifactor mobile authentication technology on a mobile payment platform, has launched the first in a series of new, global products in South Africa to help eliminate fraud. Boloro’s Debit Authentication System puts security in the hands of each user, because only the user has its mobile handset and only the…
To increase the uptake of mobile POS (mPOS) among small and medium sized merchants, solution providers in South Africa are offering terminals at lower costs. One of the latest being the introduction of the Edge mPOS solution in July 2014 by South Africa-based technology provider Emerge Mobile. It costs US$92.1 (ZAR1,000), and comes with a…
Shoppers can now use MasterPass, the digital commerce platform from MasterCard, to safely and seamlessly pay for in-store or face-to-face purchases at over 2,000 iKhokha retailers and service providers in South Africa using their smartphones or tablets. This follows a collaboration announced today by MasterCard and mobile commerce provider, iKhokha, which sees MasterPass’ digital checkout…
The African Development Bank has launched the first Africa Visa Openness Index, which shows how Africa remains largely closed off to African travelers. On average Africans need visas to travel to 55% of other African countries, can get visas on arrival in only 25% of other countries and don’t need a visa to travel to…
[ihc-hide-content ihc_mb_t UnionPay has inked a deal with Barclays Africa. The agreement has expands UnionPay’s presence in 10 African English speaking countries – Botswana, Ghana, Kenya, Mauritius, South Africa, Seychelles, Tanzania, Uganda , Zambia and Zimbabwe. Barclays Africa is recognized as one of Africa’s largest retail and investment banking groups, with a history spanning more…
Africa has arguably the strongest foundation for electronic payments of all these countries. In part this is because of its mature and stable banking ecosystem resulting from the country’s legacy with the United Kingdom. Though considerably smaller in population (53.6 million in 2015) than other emerging economies in either the top tier markets (Brazil, Russia,…
WorldRemit customers can now send money instantly to MTN Mobile Money wallets in Rwanda, Uganda and Zambia. The launch follows the signing of a global partnership agreement earlier this year, to enable WorldRemit customers all over the world to send international remittances to MTN’s Mobile Money customers. People in more than 52 countries already use…
South Africa’s Bidvest Bank has luanched a multi-currency world currency card, powered by MasterCard. The new card is a prepaid travel payment card that features the ability to load up to 17 currencies onto a single card at any time.
Johannesburg-based Bidvest Bank has unveiled the MasterCard Multi-Currency World Currency Card. The prepaid travel card that allows cardholders to load up to 17 currencies on the same card at any time.
African mobile money service facilitates users to perform secured mobile payments and transfers over their mobile phones. Moreover, this service helps users to send and receive remittances, pay bills, make airtime transfers, receive and send money to near and remote locations, and enable movie or travel ticket purchases, among various others.
MasterCard has extended its Business Perks program to South African business cardholders. South Africa is focused on supporting Small and Medium Enterprises (SMEs) in its “Vision for 2030.”