Staff Reporter

Despite being hit hard by travel restrictions in 2020, the long-term future for the commercial card sector is bright, with spending forecast to hit new highs by 2022 More than half of commercial card expenditure is on charge cards European commercial card spending rose by 11% in 2019 to €366 billion and accounted for 8% of the total value of card payments according to RBR’s 19-country Commercial Cards in Europe 2021 study. Charge...

Reliable, inexpensive and ultra-fast connectivity has long been a challenge. Fortunately, this is changing in payments, explains Jenny Theunissen, Product Manager of Managed Network Services at BankservAfrica As rapid digital transformation sets in, the race continues for African economies to keep up and ready themselves for the hyperconnected world. To some extent, the COVID-19 pandemic accelerated this push as more organisations...

Data top-up (76%), clothing (59%) and computer equipment (49%) top the virtual shopping list in Tanzania Top learning experiences include learning a managing their banking needs online, managing their healthcare needs and getting their medicine online. Social media has become an integral platform for connecting consumers to online businesses Secure checkout experience recognized as fundamental for online shopping A Mastercard study...

• Mr. Nestor Ankiba announced as Chairman of Equity BCDC Board • Mr. Celestin Mukeba Muntuabu, Equity Bank Congo MD to take reins as Managing Director at newly merged financial entity • Mr. Jean Claude Tshipama, former MD of Canal+ DRC named Deputy MD Equity BCDC Barely 24 hours after a colourful event launching the new brand of Equity BCDC which was presided over by the DRC Minister of Portfolio, with guests including the...

New platform improves omni-channel experience for consumers, including self-service channel integration with mobile and internet banking ACI Worldwide has announced a partnership with Auriga, a market leader for omni-channel banking and payment systems. The companies will launch a next-generation ATM and self-service banking platform aimed at improving the omni-channel banking experience for consumers globally. Under this...

Data top-ups (92%), clothing (67%) and computer equipment (56%) top the virtual shopping list in Kenya Top learning experiences include cooking, dancing, learning a language, and mastering DIY projects Social media has become an integral platform for connecting consumers to online businesses Secure checkout experience recognized as fundamental for online shopping A Mastercard study on consumer spending* has revealed that nearly four...

• ICPS processes secure electronic transactions for more than 20 countries in English and French speaking Africa, as well as in Asia, using HPS PowerCARD technology. • This acquisition will consolidate the processing activity of HPS by accelerating its development, enriching its team with new talents in the processing business, and by strengthening its infrastructure capacities with new data centers in Mauritius. HPS and The...

Tata Consultancy Services (TCS) has been appointed as the technology provider for South Africa’s payments platform build for the Rapid Payments Programme (RPP). By joining forces with TCS, BankservAfrica will evolve payments for the hyperconnected digital economy in South Africa and beyond. “Following our rigorous selection process, TCS emerged as the natural fit, matching our key criteria for affordability, fit-for-purpose and...

Finteq Africa is proud to announce the recent go-live of their flagship product, FCH. This is an ISO 20022 EFT Clearing House solution, deployed into the Zimbabwe financial industry through the National Switch, Zimswitch. The Finteq ISO 20022 EFT ACH subscribes to globally accepted and promoted payment processing standards, helping African countries to step boldly and proudly into one of the most modern EFT processing environments...