Cashless and Mobile Money Payments in Namibia
Gone are the days of collecting cash and stuffing it under the mattress until you need it: cashless payments – those made with credit, debit, or prepaid cards, or e Wallets– are extremely popular worldwide. Customers prefer the ease and security of carrying these forms of payment in their wallets, rather than bank notes. All […]
Payment processing features for the insurance industry
Payment processing is an integral part of the business for insurance agencies. Because so much of insurance companies’ business is based upon payments received, it is pivotal to select a payment processor that has all of the most important needs covered. The leveraging the following features along with a merchant account will ensure that insurance […]
The Most Important Payment Processing Features for Restaurants
Service experience is crucial to customer satisfaction, and the easiest way to make customers happy (except for serving delicious food of course) is by choosing the right forms of payment processing for your restaurant. Customers are paying with a variety of methods these days and are looking not only for a restaurant that accepts credit […]
State of Cashless Payments in Ghana
Mobile money was first introduced in Ghana in 2009. By 2012, the Bank of Ghana began compiling data and observed that the value of mobile money transactions reached GH¢ 19.6 million. Mobile money penetration has grown significantly since then, with GH¢155.8 billion ($35 B) in mobile transactions in 2017, up from GH¢78.5 billion in 2016. […]
Introducing the M-Pesa Xpress Feature for M-Pesa
M-Pesa is a mobile money service that was launched by Vodafone for Safaricom in 2007. It offers users the chance to deposit, withdraw, and transfer money using their mobile phones. Many people use M-Pesa to give money to friends and family, pay for goods and services, and pay their bills. In a world where mobile […]
African eCommerce Shows Continued Growth Despite Challenges
Running an ecommerce business in Africa isn’t without its own unique set of challenges. However, regardless of these hurdles, African ecommerce is showing continued growth. What exactly are the challenges that merchants face, and what are the strong forces behind the continued ecommerce growth? The challenges African eCommerce faces Let’s take a look at the […]
How the Fintech Revolution is Changing the Face of Employment in Africa
In 2016, global investment in fintech venture companies reached $23.2 billion, up 10% from 2015. And, Africa is no stranger to the party. Today, Africa is considered a hotbed of fintech innovation and acceptance. The global fintech industry includes approximately 1,000 companies and startups, with over 300 fintech startups active in Africa alone—3 of which […]
The Latest in African Fintech 2017 and Forecasts for 2018
As of August 2017, African fintech startups have raised over $100 million in investment. And, we don’t see them slowing down anytime soon. There are over 300 fintech startups active in Africa, with over 31% in South Africa, followed by Nigeria and Kenya. Emerging countries with increased fintech startup activity include Ghana and Cameroon. Startups […]
Mobile Payments Penetration and the State of Digital Payments in Zimbabwe
According to a study carried out in 2014, only 30% of the Zimbabwean population had accounts in formal banks. The remaining 70% have traditionally shied away from Zimbabwe’s banking industry. While many Sub-Saharan countries have a large portion of unbanked citizens, Zimbabwe’s percentage of unbanked is higher than the regional average of 65%. In 2008-2009, […]
25 Things You Probably Don’t Know About Digital Payments But Should
Thanks to technological advances and the ability to accept digital payments, merchants can offer multiple payment options to customers all over the world. However, the global payment processing landscape has become more complicated, involving multiple steps and numerous service providers. No doubt, as a merchant, you’ve come across unfamiliar terminology and there may be some […]