Canada-Africa Fintech Summit – Canada-Africa Fintech Convergence – Nurturing Talents, Fueling Growth, Forging Cross-Border Prosperity for Sustainability
For more info., check here: www.cafsummit.com
Airtel Money Partners with Moja Expressway for Seamless Toll Payments
Airtel Money partners with Moja Expressway to enable seamless toll payments, expanding digital payment options for motorists and enhancing convenience at Nairobi Expressway toll stations.
Airtel Money Kenya has announced a strategic partnership with Moja Expressway. This partnership will allow motorists using the Nairobi Expressway to seamlessly make payments at Manual Toll Collection (MTC) toll stations and top up their Electronic Toll Collection (ETC) accounts.
The partnership with Moja Expressway is part of Airtel Money’s continued expansion through forging partnerships, offering customers convenient and reliable mobile money solutions.
How Mastercard is Shaping Payments and Driving Financial Inclusion in West Africa
In a recent interview, Folasade Femi-Lawal, the Country Manager and Area Business Head for West Africa at Mastercard, provided insights into the global multinational payment company’s current plans to expand its services in the subregion.
She also highlighted some partnerships and initiatives geared towards driving financial inclusion, accelerating digital payments, strengthening the payment infrastructure and improving cross-border payments.
Here are the excerpts of the Q&A session with the Mastercard Country Manager for West Africa.
CFI Financial expands into South Africa, appoints Zihaad Israfil as CEO
MENA-focused brokerage firm CFI Financial Group has launched operations in South Africa, one of the fastest growing and most vibrant regions in the world.
The move follows CFI’s acquisition of a Category 1 Financial Service Provider (FSP) license from the Financial Sector Conduct Authority (FSCA) earlier this year, allowing the company to establish its South African arm, CFI Financial (PTY) LTD.
Meanwhile, CFI appointed Zihaad Israfil, who has nearly two decades of experience in the financial markets, as the CEO of CFI South Africa operations.
Read more: https://financefeeds.com/cfi-financial-expands-into-south-africa-appoints-zihaad-israfil-as-ceo/
Fonepay partners Compass Plus Technologies to launch Nepal’s first virtual credit card
Fonepay, the largest integrated payment network in Nepal, has debuted the country’s first virtual credit card developed in partnership with UK-based fintech Compass Plus Technologies.
Founded in 2019, Fonepay enables person-to-person and person-to-merchant payments with a network of over 60 financial institutions, reaching more than 20 million customers and 1.5 million merchants.
To power its virtual credit card, Fonepay has deployed Compass Plus Technologies’ TranzAxis solution, which the vendor says facilitates payments across both local and global networks and supports “the entire online payments lifecycle”.
South Africa: Shoprite introduces GetPaid, a self-service payment for small businesses
The Shoprite Group has introduced GetPaid, a new platform that enables small business owners to invoice and receive payments seamlessly, anytime, anywhere. With GetPaid there is no need for smaller enterprises to face the challenges of long delays between service delivery and payment, or the added expense of costly card machines and additional hardware.
Leveraging the Group’s established in-store payment technology backbone that enables big business to receive bill payments, the new GetPaid self-service platform now gives small businesses the ability to generate digital invoices, payment links or unique scan-to-pay QR codes on their phone or computer, as well as process bulk payments and track cash flow through a user-friendly dashboard.
Customers can pay instantly using a variety of methods such as card, Money Market Account, Snapscan, Zapper and ScanToPay, or at any of the till points in Shoprite, Checkers or Usave stores countrywide – with the last-mentioned especially beneficial to the many customers that still transact against invoices in cash.
Mastercard agrees to £200m settlement for fee overcharging
Mastercard was facing a lawsuit brought by consumer champion Walter Merricks on behalf of approximately 46 million adults in the UK, and the case became the first mass consumer action to be approved in the country in 2021 after five years of exploration by the Competition Appeal Tribunal (CAT) and the UK Supreme Court.
As reported by Reuters, a Mastercard spokesperson said in a statement that they are “pleased to have reached an agreement in principle to put this case behind us.” Merricks adds: “I am very pleased that after nearly nine years of litigation with Mastercard, I have agreed a settlement that I believe will deliver meaningful compensation to class members who choose to come forward to participate in the distribution of the damages.”
Read more: https://www.finextra.com/newsarticle/45165/mastercard-agrees-to-200m-settlement-for-fee-overcharging
Embedded Finance Is Making Payments Easier for Everyone Across Asia
Have you ever wondered how easy it has become to pay for a ride or order food through an app without pulling out a card or cash?
Not because it’s free, but because the payments were seamlessly integrated into the apps you’re using.
This is embedded finance at work, and it’s quietly transforming the way we interact with money – without most of us even realising it.
Read more: https://fintechnews.sg/104658/mobilepayments/embedded-finance-payments-easier-in-asia/
