News about Africa.
January 17th, 2017
Thousands of small-scale farmers across East Africa will soon be using their feature phones to buy, sell and receive payments for their goods through a mobile app and SMS service developed by Mastercard. The payments…
December 14th, 2016
More than two fifths of all card-present transactions conducted globally (42%) between July 2015 and June 2016 used the EMV chip card standard, up from 33% for the previous 12-month period, standards body EMVCo has…
November 23rd, 2016
Some 120m mobile wallets in Sub-Saharan Africa are now connected to mobile financial services provider MFS Africa’s MFS Hub. “Through partnerships with mobile network operators including Airtel, Econet, MTN, Orange, Tigo and Vodafone, MFS Africa now has unparalleled reach into mobile wallets across the continent,” MFS Africa says. “The MFS Hub allows these service providers to facilitate transactions across networks, across borders and across currencies via a single API, ensuring compliance with all necessary regulations.”
October 21st, 2016
Pan-African banking group Ecobank has signed a memorandum of understanding (MoU) with Mastercard to roll out Masterpass QR mobile payments across 33 African countries. In what the payment company says is the largest Masterpass deal…
July 26th, 2016
Customers of Africa’s Absa Bank can now conduct banking transactions through Facebook Messenger using the bank’s ChatBanking feature. The service will allow customers to retrieve balances, buy airtime or data for their mobile phone, view statements, buy prepaid electricity and make money transfers. “In a one-time only process, Absa customers who are registered for Absa Online and have access to the Express tab can register for ChatBanking for Facebook Messenger,” Absa says. The feature was made available in May 2016 through Twitter.
July 19th, 2016
Kenyan carrier Safaricom is testing a new PIN-based NFC-enabled ‘Tap-and-Go’ card for its M-Pesa mobile money service. “The telecommunications services provider says the new offering can integrate with an existing M-Pesa account and the pilot phase is currently being conducted among Safaricom staff, with plans to extend the service to university students,” ITWeb Africa reports. Reports emerged in March 2014 that Safaricom was working to add NFC to its M-Pesa service.
July 18th, 2016
Mastercard has unveiled an enhanced version of its Masterpass digital payment platform, adding in-store NFC mobile payment capability to the service that has so far only been available for online and in-app payments.
June 2nd, 2016
The global mobile ticketing market is expected to grow at a compound annual growth rate (CAGR) of around 16% between 2016 and 2020, according to Technavio. “In 2015, EMEA dominated the global mobile ticketing market by accounting for around 42% of the overall market share,” the firm says. “The QR and barcodes segment accounted for around 50% of the market in 2015 to become the dominant shareholder.”
May 30th, 2016
Africa’s Absa Bank has launched ChatBanking, a service that will let customers conduct day-to-day banking on social network Twitter. “In a one-time only process, you will register in a secure environment which will link your Twitter profile to your Absa bank account,” Absa says. Customers can use the service to check their balance, buy airtime or data and view recent transactions. Emirates Islamic Bank also launched a banking service using Twitter in April 2016.
May 17th, 2016
Orange is to introduce NFC into its Orange Money service by the end of this year, allowing users to make payments by tapping an NFC sticker on their mobile phone on an NFC reader supplied by French startup Famoco. “Ultimately, we should sell between 40,000 and 50,000 readers to Orange,” Lionel Baraban, co-founder of Famoco, told French publication Le Monde. NFC will be added to the service in the Ivory Coast, Guinea, Madagascar, Mali, Morocco, Senegal and Tunisia.
April 26th, 2016
PARTNER NEWS: Prepaid card processor Tutuka has begun the implementation of digital payment solutions provider Proxama’s Digital Enablement Platform (DEP) for a fully independent cloud-based payment (CBP) solution in the Middle East, Asia and Africa. “Proxama will…