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South Africa’s payment landscape has undergone significant changes, with account-to-account, mobile, and voucher payments now an integral part of everyday life. However, with increased digital activity comes an increased opportunity for fraud, from fake identities and mule accounts to bogus…
Mastercard is working with AI and commerce leaders, including Stripe, Google and Ant International’s Antom, to make secure agentic transactions accessible and scalable for digital merchants and platforms globally. Advancing AI-powered payments with new tools for developers, expanded consulting services,…
BankservAfrica introduced a structured change management framework to address potential risks such as misalignment between banks, adoption delays, and communication gaps in a large-scale project, ensuring all participating banks had the necessary resources, guidance, and support. As Africa’s largest automated…
In a key breakthrough for digital payments in India, the National Payments Corporation of India (NPCI) has increased the user onboarding limit for WhatsApp Pay, the popular messaging platform’s payment feature. The company has launched a payment service for all…
Visa has announced a strategic partnership with littlefish, an omni-channel platform that provides financial institutions with a suite of business solutions aimed at empowering their small business customers. This partnership will support micro, small, and medium-sized businesses (MSMEs) across Africa…
The fintech sector has been one of Africa’s biggest technology success stories. According to one report, the continent’s 678 fintech startups raised more than US$2.7 billion between 2021 and August 2023. Additionally, almost all of the continent’s unicorns (startups valued at more than…
Blockchain technology in Nigeria has driven innovation by fostering financial inclusion, streamlining remittances, and improving supply chain transparency. The introduction and implementation of blockchain technology offers solutions for identity management, secures transactions through smart contracts, and enhances government and health…
According to the World Bank, over 19 million adults in South Africa are excluded from digital transactions. This includes people have a bank account, but do not transact online. In a KLA poll, 44% of respondents expressed concerns about the…
3D Secure for online payments continues to gather momentum globally. However, for some industries, real-time authentication requirements can be a significant drawback, especially those that rely on recurring, subscription or instalment card-on-file transactions. Now, a new decoupled authentication enables the…
South Africa and major emerging African markets are seeing exponential growth in digital payments and its propelling technology is making significant inroads in promoting financial inclusion. The technology backing e-commerce payment gateways is evidently demonstrating its value in helping African…