VISA won't process Bitcoin transactions

VISA's CEO, Alfred Kelly, has said that the global payments company will not process any Bitcoin, or any other cryptocurrency, transactions. Kelly said this in an interview where he explained that the company doesn't consider Bitcoin a payments systems player. Kelly further added that VISA will continue to only process…

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Nigeria's Paga Enter Partnership With MFS Africa

Nigeria's Paga, a mobile payments company, have announced that they have entered into a partnership with MFS Africa, a pan African company that provides a gateway for the sending of money to mobile wallets. The partnership will allow Paga users and Nigerian bank account holders to receive remittances from around…

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South African FinTech Startup Entersekt Receives Multi-Million Dollar Investment To Fund International Expansion

Entersekt, a South African FinTech startup, has announced that it has received a multi-million dollar investment to help it expand internationally. The investment transaction came from Rand Merchant Investment Holdings through AlphaCode, and Nedbank Private Equity through its private equity investment vehicle, BoE Private Equity Investments, who each acquired minority…

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Will FinTech Startups And Banks Compete Or Collaborate?

Ever since the beginnings of FinTech and the boom that followed the 2008 financial crisis, newly-founded financial technology companies and initiatives have posed competition to the more traditional financial institutions. Many of the new FinTech startups came about as a direct result of people’s inability to access funds or…

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How Mobile Money Payments Helped Farmers In Kenya Increase Earnings

An initiative by the Better Than Cash Alliance has demonstrated how agriculture non-profit organization, One Acre Fund, managed to digitize loan repayments for farmers in Kenya and in the significantly boosting transparency and efficiency. The initiative also assisted with the financial inclusion of thousands of smallholder farmers in Kenya who…

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Six Retail Payments Trends To Watch In South Africa

Every month, South African retailers receive billions of Rands in payments from their customers. Behind the scenes, payments technology plays a critical role at retailers, ensuring a fast and smooth shopping experience for consumers like you. It’s a crucial part of our financial backbone, that most of us take…

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