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Network International (Network), a leading paymentsolutions provider in the Middle East and Africa, has signed a memorandum of understanding (MOU) with GIM-UEMOA , the regional payment scheme which promotes electronic payments across the banking, financial and public administration sectors in West Africa.
While the fintech sector in South Africa enjoys rapid growth, contributing around 40 per cent of the total fintech revenue in Africa, Mastercard and Paymentology say they have recognised that many fintech struggle to scale their paymentsolutions.
Payments giant Mastercard is joining forces with Ethio Telecom , a telecommunications service provider in Ethiopia, in a move to enhance financialinclusion and wealth creation in East Africa. Mastercard also provides advanced analytics, anti-fraud systems, and digital identity verification to ensure secure paymentsolutions.
BKN301 Group , a London-based digital payments and banking-as-a-service (BaaS) solutions company, is organising a series of roadshows to drive financialinclusion. The events aim to educate local stakeholders on the potential of advanced digital paymentsolutions tailored to meet diverse market needs.
Tranglo, a leading cross-border payment hub, has expanded its footprint in Africa, now supporting payouts in Ethiopia, Kenya, Liberia, Madagascar, Mali, Senegal, and Zambia. High remittance fees have historically hindered financialinclusion in the region. to send USD 200.
Mastercard announced a strategic collaboration with PayTabs Group to facilitate digital paymentsolutions for small and medium enterprises in Egypt. Through this collaboration, PayTabs will leverage Mastercard’s global network and digital payments capabilities to provide merchants with a while-labelled digital payments platform.
The report highlights key milestones, insights, and the organizations transition into an independent foundation, further strengthening its ability to drive financialinclusion across the continent.
“We are excited to collaborate with Mastercard to launch this pioneering fintech card that provides users with advanced paymentsolutions that are secure, versatile, and inclusive. This alliance highlights our dedication to advancing financialinclusion and economic development in the region.
Network will also introduce Alipay+ paymentsolutions to the online platforms it supports in this region, providing consumers a combined online and offline seamless QR code payment experience by using their home e-wallets or preferred digital payment methods. The ceremony was witnessed by H.E.
Thai regulators approved the first cross-border paymentsolution using stablecoins in October, while the Philippine central bank launched a peso stablecoin pilot earlier this year. Pollak emphasized that stablecoins aim to modernize legacy financial systems rather than replace national currencies.
Visa (NYSE: V), a world leader in digital payments, and MISA , a provider of digital transformation solutions for finance, accounting, and enterprise management, announced a strategic collaboration to empower Vietnamese businesses through comprehensive digital paymentsolutions.
PayRetailers , the leading payment processor for Latin America, has today announced further expansion into Africa. With coverage now across 12 countries, the company offers a unified simple paymentsolution that will be a game changer for cross-border online merchants looking at Africa as their next move for strategic growth.
This collaboration is designed to enhance the payment experience for merchants and consumers while driving financialinclusion across the region. It empowers merchants with secure and flexible paymentsolutions that cater to evolving customer preferences, fostering greater financialinclusion.
The current cross-border payment system imposes high costs on businesses and economies worldwide, stifling economic potential and limiting financialinclusivity. Challenges to financialinclusivity Cross-border payment challenges disproportionately affect low-income individuals and small businesses in developing regions.
TransferTo , a Singapore-based global technology group, and Ecobank Group the leading pan-African financial institution, announce a landmark Memorandum of Understanding (MOU), laying the groundwork to transform financial access and cross-border paymentsolutions across Africa.
The collaboration will advance financialinclusion and contribute to an even more accessible digital economy by facilitating the movement of funds from Jordan to 37 countries. Mastercard focuses on building robust payment ecosystems and advancing the digital economy across the Middle East. billion in 2023, an increase from USD4.91
In a strategic move to accelerate digital payments, financialinclusion, and modernizing the country’s payment ecosystem, BPC , a global leader and paymentsolutions provider, is announcing the expansion of its operations in Nigeria.
This license marks an important step in enhancing the companys position in the growing digital payments market in Saudi Arabia. It also aims to encourage innovation and improve the experience of financial transactions, aligning with its goals of increasing financialinclusion and providing financial services to various segments of society.
As BaaS evolves, it is helping fintech innovation reach new markets and underserved communities; which has the potential to greatly improve financialinclusion across the globe. Continuing our BaaS focus at the beginning of April, we asked industry leaders about how they’re seeing BaaS driving financialinclusion worldwide.
Says Carter-Brown: EFTCorps mission is to constantly push the boundaries of innovation to deliver paymentsolutions across Africa, increasing financialinclusion and access to the digital economy. This project does exactly that, and were excited to see it contribute to the payment landscape on the continent.
Operating within the regulatory sandbox framework established by the Bank of Thailand and the Securities and Exchange Commission, Rubie Wallet aims to provide a secure and efficient paymentsolution. Users can make instant mobile payments via a closed-loop QR code system. said Mukaya Tai Panich, CEO and CIO of SCB 10X.
This approval is a testament to our ongoing commitment to supporting financialinclusion and economic growth in Africa. ” The post Flutterwave Strengthens Ghana Operations with Key Remittance Service Approval appeared first on FF News | Fintech Finance.
EFT Corporation , an African-focused fintech and paymentsolutions provider, recently hosted its EFT Corporation Connect: Zambia event in Lusaka. The event underscored EFTCorp’s commitment to driving financialinclusion and delivering paymentsolutions that empower businesses across the region.
By leveraging its innovative data-driven credit scoring and paymentsolutions, Leja aims to drive revenue growth while advancing financialinclusion. Were committed to delivering accessible and scalable solutions while providing strong returns for our investors.
Cross-border payment hub, Tranglo , has expanded its footprint in Africa, now supporting payouts in Ethiopia, Kenya, Liberia, Madagascar, Mali, Senegal, and Zambia as it continues to aim to boost financialinclusion by providing efficient, affordable cross-border paymentsolutions to the region. per cent in 2024.
But to fully realize the sector’s potential, stakeholders must focus on nurturing a robust ecosystem by enhancing capital access, attracting and retaining top talent and fostering a strong demand for paymentsolutions, a new report by Emerging Payments Association Asia (EPAA) says. The total number of QRIS users stood at 43.44
Payments Association data suggests that just 5% of payments businesses see ESG as a priority in the next 12 months, highlighting a significant gap between the priorities of payment providers and their clients.
Mashreq , one of the leading financial institutions in the MENA region, has announced the launch of Aani Instant Payments, a new solution enabling SME businesses to collect payments from their customers instantly, securely, and seamlessly with no IBAN required.
MTN Fintech users will benefit from a seamless experience accessing both traditional mobile services and innovative digital paymentsolutions. ” The post Network International appointed as Payment Processing Partner by MTN Group Fintech appeared first on FF News | Fintech Finance.
Fintech Review spoke with Mark Smargon, the CEO of Fuse to understand how their decentralized platform is making waves by providing cost-effective, scalable, and secure paymentsolutions. Fuse is committed to driving financialinclusion and creating a decentralized future where everyone has the tools and opportunities to succeed.
Trust Bank , a leading private commercial bank in Bangladesh and TerraPay , a global money movement company have partnered to offer an innovative paymentsolution for all students in Bangladesh.
TaluCard , in collaboration with IDEX Biometrics and a London based issuer is launching its state-of-the-art biometric paymentsolution. TaluCard is committed to making paymentsolutions usable for everyone, ensuring ease of use also for those with accessibility issues.
BKN301 Group , a London-based leading digital payments and Banking-as-a-Service (BaaS) provider in the MENA region, unveiled its latest innovative paymentsolution, ‘301 Retail Account.’ The solution will further help promote financialinclusion and economic progress in the region.
MTN Fintech users will benefit from a seamless experience accessing both traditional mobile services and innovative digital paymentsolutions. ” The post Network International appointed as Payment Processing Partner by MTN Group Fintech appeared first on FF News | Fintech Finance.
Network International (Network), a leading enabler of digital commerce in the Middle East and Africa, has signed a referral agreement with National Bank of Fujairah (NBF ) to extend digital payment services to the bank’s corporate customers. ” The partnership fosters innovation and financialinclusion within the UAE digital economy. .”
. “This collaboration reflects BRI’s continuous efforts to enhance productivity and efficiency by expanding its digital payment channel network to meet the growing demand for global transactions,” he said.
PayerMax , a leading global provider of paymentsolutions, has been named Best PaymentsSolutions Provider of 2024 by MEA Finance magazine at an award ceremony hosted on November 12 in Dubai. PayerMax is committed to providing businesses with one-stop local paymentsolutions to meet their diverse payment needs.
Championed by the Central Bank of Somalia (CBS), the initiative marks a major step in modernising Somalia’s payment infrastructure, promoting financialinclusion and enhancing economic stability. The demand for secure, fast, and modern paymentsolutions has been pressing.
million mobile money accounts, representing nearly 80% of the adult population, Airtel is a key enabler of financialinclusion in Kenya and across Africa. By enabling Airtel Mobile Money as a payment method, dLocal is supporting Google to provide a localized solution that meets the needs of users in Kenya. .
Through this partnership, Panda Remit expands its payout capabilities, offering secure and efficient paymentsolutions for recipients in Africa. However, traditional remittance solutions often come with high fees, delays, and limited accessibility.
Network International , the paymentsolutions provider in the Middle East and Africa, is partnering with GIM-UEMOA , the regional payment scheme in West Africa, to enhance financialinclusion across the eight member countries of the West African Economic and Monetary Union (WAEMU).
Faster Payments Council (FPC) , a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, has announced the publication of its latest industry resource, the Faster Payments and FinancialInclusion survey report.
MTN Mobile Money (U) Limited, in partnership with Mastercard , Diamond Trust Bank and Network International, has launched the Virtual Card by MoMo, an innovative paymentsolution designed to enable MTN MoMo subscribers to perform secure online transactions without needing a physical card or bank account.
Through strategic partnerships with innovative players such as Kalabash, KaiOS, Boost, Smile ID, as well as partnerships with financial institutions like Access Bank and Fidelity Bank to enhance cross-border paymentsolutions, Mastercard has been instrumental in driving financialinclusion and digital transformation in Ghana.
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