HomeSend, the international payment and money transfer hub, has launched live remittance services for Johannesburg-based Hello Paisa, a South African money transfer operator.
Kenya’s Victoria Commercial Bank is launching a MasterCard World Rewards Credit card. The new card will give cardholders access to the Priceless Cities and Priceless Africa programs.
In today’s CardFlash News Que: NAB (Poynt); BUZZ POINTS (INOVA);
MASTERCARD (Hemas); and MasterCard (Africa).
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.
HomeSend, a joint venture between MasterCard, eServGlobal and BICS inked a deal with Dialog Axiata to make international remittance services available to millions of consumers across Sri Lanka. HomeSend and Azimo also announced the launch of new mobile wallet services in ten countries throughout Africa and Asia-Pacific – reaching millions of mobile money subscribers.
Mobile payments, the use of phones to complete transactions in stores instead of cash and physical card swipes, are going to grow much more quickly than many observers believe. In no small part, this will be thanks to the growing popularity of Apple’s new Apple Pay system.
Morocco’s largest bank Attijariwafa signed a deal with UnionPay International for complete ATM acceptance within the bank’s network. The move will see the local ATM acceptance of UnionPay cards soar to 40%.
Global discretionary spending intentions declined or remained steady in the first quarter across all lifestyle categories. While confidence across global regions remained relatively stable in the first quarter, there is considerable variation across different markets.
JCB and Middle East and Africa electronic payments processor, Emerging Markets Payments (EMP) inked a deal for JCB card acceptance at more than 15,000 locations in Jordan, including all of the company’s point of sale (POS) terminals in the country.
Vodafone Group and MTN Group have inked a deal to interconnect their mobile money services. This will enable customers of M-Pesa and MTN Mobile Money in East Africa to transfer money to each other.
While payment products are quickly penetrating African consumer markets they are primarily used for income dispensing by not for payments. South Africa, Nigeria, Tanzania, Uganda and Egypt have advanced in enabling access to and driving usage of different financial products including payments, lending, long-term savings or investments, and insurance.
Last year Visa, Chase and Bharti Airtel launched the Airtel Money Visa Card in Kenya and this year are taking their partnership into seven new African markets. New Delhi-based Airtel is a global telecommunications company with operations in 20 countries across Asia and Africa.