Convera, a global leader in commercial payments, is on site at Money 20/20 USA this week as industry leaders gather to power the future of payments, fintech and financial services. From sessions on the global stage to the unveiling of dynamic data, Convera spotlights its mission to reimagine the future of business payments on a…
PAPSS, developed by the African Export-Import Bank (Afreximbank) in collaboration with the African Union and the AfCFTA Secretariat, enables instant, low-cost payments in local currencies between African countries. FirstBank, the premier bank in West Africa and a leading financial inclusion service provider, is thrilled to announce the successful integration of the Pan-African Payment and Settlement…
FNB and RMB Private Bank customers using Huawei or Android devices now have access to contactless payments through Swoo Pay. Customers with NFC-enabled Huawei devices running HMS AndroidOS without Google Services can link their FNB virtual or physical cards to Swoo Pay and make ‘tap to pay’ transactions at contactless ATMs and points of sale….
South Africa’s payments ecosystem is evolving at a rapid pace. PayInc – previously BankservAfrica – sits at the core of the country’s payments infrastructure. As the builder and manager of the PayShap instant payment rails, PayInc is central to the Reserve Bank’s plans to drive digital inclusion through payment modernisation. In this episode of the…
Despite important progress in diversity, the payments industry continues to face a persistent gender gap. These statistics are not abstract, they directly affect how talent is developed, how innovation is nurtured and how the payments ecosystem evolves. Addressing this gap is both a moral responsibility and a strategic imperative. Across tech and payments, women continue…
Despite important progress in diversity, the payments industry continues to face a persistent gender gap. These statistics are not abstract, they directly affect how talent is developed, how innovation is nurtured and how the payments ecosystem evolves. Addressing this gap is both a moral responsibility and a strategic imperative. Across tech and payments, women continue…
Emanuela Saccarola. Image: LinkedIn The successful modernisation of a country’s domestic payments infrastructure onto faster, instant payment rails like South Africa’s PayShap does not always translate into similar success in the cross-border payments space – and regulation is often a bottleneck. Speaking to TechCentral in an interview on Wednesday, Emanuela Saccarola, head of global cross-border…
From left: Stephen Britto, CFO and Kosta Scholiadis, founder and CEO of Street Wallet. Cape Town-based fintech start-up Street Wallet has raised R6.2 million ($350 000), at a valuation of over R34 million ($2 million), to accelerate its mission of bringing SA’s street vendors and SMEs into the digital economy. This is according to Kosta…
PayInc CEO Stephen Linnell The Competition Commission in August recommended to the Competition Tribunal that the South African Reserve Bank’s proposed acquisition of a 50% stake in payments clearing house PayInc – previously BankServAfrica – be approved without conditions attached. The move radically changes the ownership structure of PayInc, the developer and manager of rapid…
Instant payment systems promote transactions for everybody, without the confines of traditional bank accounts. Interoperability between mobile money and traditional bank accounts will serve as a key lever for financial inclusion for the millions of Africans excluded from payment systems. This can be further enhanced by regulatory harmonisation efforts at a regional level. These were…
