Africa: Mastercard, Yellow Card Partner On Stablecoin Payments in Kenya, Africa

Africa: Mastercard, Yellow Card Partner On Stablecoin Payments in Kenya, Africa

Johannesburg — Mastercard and Yellow Card have announced a partnership to expand stablecoin-based payment solutions across Eastern Europe, the Middle East and Africa, including Kenya. The two firms said they will explore the use of stablecoins in cross-border money transfers, business-to-business payments, digital loyalty programmes and treasury management. The partnership will initially focus on markets…

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JPMorgan’s Dimon calls credit card interest rate caps a ‘economic disaster’ | Banks News

JPMorgan’s Dimon calls credit card interest rate caps a ‘economic disaster’ | Banks News

JPMorgan Chase CEO Jamie Dimon pushed back on calls by the administration of United States President Donald Trump to cap credit card interest rates, claiming that if Congress follows through, it would result in an “economic disaster”. Dimon made his comments on Wednesday at the World Economic Forum in Davos, Switzerland. Recommended Stories list of…

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Court ruling marks major turning point in driving licence card saga

Court ruling marks major turning point in driving licence card saga

Transport minister Barbara Creecy. Image: GCIS South Africa’s long-delayed plan to modernise its driving licence card system has been thrown back into uncertainty. This follows the high court in Pretoria overturning a multimillion-rand tender awarded to French technology company Idemia. It declared the tender irregular, invalid and unenforceable. The ruling was welcomed by transport minister…

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Africa: Mastercard, Yellow Card Partner On Stablecoin Payments in Kenya, Africa

Africa Launches First Card Scheme for Cross-Border Payments

TLDR Africa has launched its first pan-African payment card system, PAPSSCARD, aiming to cut dependence on foreign card networks The PAPSSCARD is a joint venture by Afreximbank, the Pan-African Payment and Settlement System (PAPSS), and Mercury Payment Services (MPS) PAPSSCARD will be usable across national borders, reducing the cost of intra-African trade and payment transactions…

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Africa: Mastercard, Yellow Card Partner On Stablecoin Payments in Kenya, Africa

Africa: Visa Partners Yellow Card to Expand Stablecoin Payments Across Africa

TLDR Visa has partnered with Yellow Card to pilot stablecoin-powered cross-border payments across CEMEA The collaboration will test integration with Visa Direct, enabling businesses to send stablecoin-backed transfers directly to users’ bank or card-linked accounts Sub-Saharan Africa has witnessed consistent monthly stablecoin remittances exceeding $500 billion between 2022 and 2024 Visa has partnered with Yellow…

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