Visa CEMEA Payment

Visa CEMEA Payment TX Soar 29% CAGR as PDV Climbs 22% YOY Q1

Visa CEMEA payment transactions continued to skyrocket in the first-quarter even though the momentum over the past five years has been fading. Visa’s CEMEA (Central Europe, Middle East, Africa) payment volume remains solidly above 20% YOY (year-on-year) for six consecutive quarters. The CEMEA customer base has been expanding, but the slowest among Visa’s five international…

Mastercard on a Roll in Combining Financial Inclusion with Digital Payments

With more than two billion people still excluded from the mainstream of financial services, Mastercard is at the forefront, stepping up its efforts to increase financial access for citizens around the world by developing innovative payment solutions that enhance the adoption of cashless transactions and by stitching together strong public and private alliances that accelerate…

UAE Establishing a Mobile Payments Platform Integrated with Government Services

Emcredit, a subsidiary of the Dubai Economic, has inked a partnership with Cardtek to offer a secure infrastructure for mobile payments, identification, and extended smart government services for UAE residents. As a part of Dubai’s Smart Government Initiative, emPay will bring together a number of service providers including commercial banks, government departments, exchange houses, retailers,…

PAYFORT Integrates Mastercard Payment Gateway Services

PAYFORT Integrates Mastercard Payment Gateway Services

Mastercard and PAYFORT, a major Arab online payment service provider, have announced a strategic collaboration to introduce the next generation of payment solutions – enabled by Mastercard Payment Gateway Services. Building on Mastercard’s proven approach to helping businesses create better online purchase experiences for their customers, the agreement will enable e-commerce merchants using PAYFORT’s online…

Swiftch Deploys Thales payShield 9000 HSMs 

Swiftch Deploys Thales payShield 9000 HSMs 

Dubai-based Swiftch, a payment securing the first Visa Ready and MasterCard self-certified mobile card payment acceptance solution for merchants and acquirers throughout the United Arab Emirates (UAE), is using the Thales payShield 9000 hardware security modules (HSMs). UAE is highly developed in terms of IT infrastructure, internet and smartphone usage, and yet cash is still…

PDV +17% and PTX +35% YOY in Visa’s CEMEA Region

PDV +17% and PTX +35% YOY in Visa’s CEMEA Region

After trailing off over the past four quarters Visa’s Central Europe – Middle East – Africa (CEMEA) region rebounded nicely in the first quarter (1Q/16). Purchase dollar volume (PDV) and purchase transactions (PTX) both soared well into double-digits year-on-year (YOY). The number of gross accounts (GAC) and cards-in-force (CIF) remained stable in 1Q/16. Gross Dollar…