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Network International (Network ), a leading enabler of digital commerce in the Middle East and Africa, has partnered with Money Fellows, the leading money circles app, to power a new solution that will leverage its best-in-class payment functionality.
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.
Arab Financial Services (AFS) , in partnership with Samsung Gulf Electronics, has introduced Samsung Pay to Oman, marking a significant milestone in the Sultanate’s digital transformation journey. This partnership with AFS marks an exciting step forward in digitalpayments for the region.”
The agreement with Network International will reinforce DTB’s digital-first strategy in the Kenyan market. Through this partnership, Network will offer a variety of payment products and services including debit, credit and prepaid card hosting and processing as well as e-Commerce.
Network International , the digital commerce enabler across the Middle East and Africa (MEA) region, has joined forces with Huawei , the global provider of ICT infrastructure and smart devices, to provide end-to-end card processing and managed paymentservices for financial services customers.
Arab Financial Services (AFS) , a pioneering digitalpaymentssolutions provider and fintech enabler in the Middle East and Africa, has raised $50 million in capital. The additional capital will enable AFS to expand its operations, enhance its product offerings, and drive innovation in the digitalpayments landscape.
With the acquisition, Visa hopes to boost its 'network of networks' strategy, reducing the time to market and costs for issuers and processors who need to access innovative operating solutions, the release says.
The scope of services includes a comprehensive range of products and services from transaction processing, card hosting and management, as well as value-addedservices.
Kenya has seen a surge of interest in digitalpaymentssolutions as mobile phone usage and internet penetration are on the rise. Network will enable DTB to benefit from advanced digitalpaymentsolutions, robust security protocols and a sophisticated API gateway.
The agreement with Network International will reinforce I&M Bank’s digital-first strategy and leadership in the Rwandan market. Through this partnership, Network will offer a variety of payment products and services including credit and prepaid card hosting and processing.
ACI Worldwide , the real-time payments software provider, has partnered with Arab Financial Services (AFS), the Middle East and Africa region’s digitalpaymentsolutions provider and fintech enabler, to collaboratively drive digitalpayments modernisation for banks, fintechs and merchants across the region.
Commenting on the report, Mpho Sadiki, Group Managing Director of Merchant Solutions (Africa) at Network International said , “The launch of our Network POS offering combines digital and in-person payment management systems into a single platform.
The new entity, Commerz Globalpay GmbH, is expected to launch in the first half of 2024 and will provide a comprehensive suite of innovative omnichannel payment and software solutions at scale, providing a one-stop-shop for merchants to run and grow their businesses more efficiently.
ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software , has announced a 10-year strategic partnership with Arab Financial Services (AFS) , the Middle East and Africa region’s leading digitalpaymentsolutions provider and fintech enabler.
It will now bring this expertise to the Moroccan market, assisting local financial institutions in providing more efficient paymentsolutions and enhancing the user experience for consumers and merchants alike.
Visa , the global digitalpayments leader, is offering sellers new, simplified services to keep pace with a growing segment of ‘Click-and-Mortar’ shoppers who rely on digital features to shop both online and in-store. million active terminals and over $8.5billion in annual payment volume.
SWIFT gpi’s technology is revolutionary for the payments industry and gives power back to the customer.” ” SWIFT announced last year that gpi can now integrate into new payment rails, including real-time paymentsolutions, as well as enhance transactions on existing rails. Visa Joins NACHA Pilot.
The number of Chinese merchants regularly servicing overseas travellers through the company’s mobile paymentsolutions has tripled during the same period. Through Alipay+ , the cross-border mobile paymentsolution operated by Ant International, international visitors can pay with their home e-wallets across China.
Digitalpayments has become a core foundational capability with the growth of the internet and mobile devices. Payments has also become a new business model and revenue stream for businesses, particularly software and SaaS businesses. Becoming a payment processor is a big commitment with quite a few barriers to entry.
The collaboration agreement marks a significant step in the journey of both parties, as they will make combined efforts to develop the payment landscape for merchants. The collaboration will enhance the online payment gateway services, offering benefits to both merchants and consumers.
Bangalore, India, December 6th, 2024, FinanceWire JUSPAY , a leading provider of next-generation paymentsolutions for enterprises and banks, has announced the opening of a new office in Dublin, Ireland.
MeaWallet , a leading digitalpayments enabler specialising in card tokenization, today announces the launch of its global Mea Card Gateway. A platform that has been developed to ensure the secure transmission of sensitive payment card data, serving as a vital link between MeaWallet customers, payment processors and service providers.
Mike West brings deep industry expertise from leading Visa Direct’s international commercialization and the network expansion by launching new use cases, innovative payment capabilities and value-addedservices.
A full-servicepaymentsolutions provider, Aurora Payments launches ARISE Payment Platform, a cloud-based, payment-agnostic modern payment system designed specifically for SMBs (Small and Medium-sized Businesses). Most customers now prefer credit cards and digitalpayments to cash.
With a new fast-growing segment of ‘Click-and-Mortar , shoppers who rely on digital features to shop both online and in-store1, merchants are managing complex technology as they work to provide consistent payment experiences. The payments sector has made significant strides in simplifying the consumer shopping experience.
The value in offering up new payment methods and value-addedservices, Massaro told Webster, isn’t in trying to solve problems consumers and merchants don’t have and trying to sell them on it. It’s solving the problems that they do have and better meeting their needs.
Market Overview of Payment Orchestrators The market for payment orchestration has been growing, driven by the increasing complexity of global payment systems and the demand for seamless, efficient payment processing solutions. In 2024, the market was valued at approximately $1.2 during the forecast period.
As it is essential for businesses that receive payments online, there are payment processing companies that act as mediators. As digitalpayments play a pivotal role within the swiftly evolving e-commerce landscape, it secures the need for payment processing business in years to come. It is expected to reach $361.30
This increased competition has benefited merchants by providing them with more choices and better terms for payment processing services. According to a report by the European Central Bank (ECB), contactless payments accounted for more than 40% of in-person transactions in the EU in 2021, a significant increase from previous years.
Paymentservice providers will need to find ways of monetising the data generated by payments and creating value-addedservices that elevate payments beyond a simple transfer of funds. “A new challenge for finance teams will be managing the broad choice of payment methods they’ll have available.
“What we are looking to do is enable these merchants to still be relevant in the market when it comes to payments but also to play up on the fact that a lot of consumers are moving towards digital usage generally and that includes payment methods as well,” Patel noted. Payment acceptance is one thing through mPOS.
. “Over the years, there has been a persistent clamour from consumers and businesses for quicker, digitised payment methods, intensified by the urgent need for safe, touchless payment options in response to the Covid-19 pandemic. As we enter 2024, the emergence of truly instant paymentsolutions feels almost inevitable.
Abu Dhabi Islamic Bank (ADIB) , a leading Islamic financial institution, in partnership with Visa (NYSE: V), a world leader in digitalpayments, has announced “Visa Installments Solution (VIS)” is officially live for ADIB covered cardholders in the UAE.
To shift consumers’ payment behaviors will take more than just providing another ‘me too’ mobile payments option; leading merchants will identify and provide next-generation, value-addedservices.”. Other digitalpayments, however, are more widespread. use cash at least weekly to make a purchase.
With the pandemic nudging businesses further into the digitalpayments realm, commercial card innovation is heating up to capitalize on the opportunity for adoption. Boost Bolsters BMO Harris Bank’s Biz Cards. Global Cash Card’s Legal Saga Ends.
The value of gross digitalpayments across the six largest ASEAN economies is forecasted to rise to close to US$1.2 The rapid evolution is leading to a growing need for seamless, secure, and efficient cross-border paymentsolutions. trillion by 2025, according to the World Economic Forum.
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