Higala的动态

Based on its success in payments, eTranzact International PLC is betting big on mobile money. The thinking is that Nigeria’s unbanked population presents a huge opportunity for market penetration. Only 61.4 million Nigerians have registered Bank Verification Numbers (BVNs) as of April 2024,?according to data?from the Nigeria Inter-Bank Settlement System (NIBSS).

?? Exciting Developments in Pakistan’s Digital Payments Landscape! State Bank of Pakistan (#SBP) has granted in-principle approvals to Toko Lab Private Limited and Accept Technologies Private Limited (PayMob) as an Electronic Money Institution (EMI) and Payment System Operator (PSO)/Payment Service Provider (PSP), respectively. Additionally, HubPay Private Limited has received approval to initiate pilot operations as an EMI, marking an important milestone for digital payments in Pakistan. With this, ???? Pakistan now has: 4 EMIs in commercial operations: NayaPay, Finja, SadaPay, and Akhtar Fuiou Technologies. 3 EMIs in pilot operations: Wemsol, E-Processing System, and HubPay. 3 EMIs with in-principle approval for pilot readiness: YAP, Cerisma, and Toko Lab. ?? Growth Highlights as of September 30, 2024: 4.2 million e-wallets opened. 4.6 million payment cards issued. Outstanding e-money deposits of Rs5.7 billion. Year-over-year growth: Wallets up by 76.5%, cards by 41.4%, and deposits by 87.5%. 82.1 million payments total amount Rs231.9 billion processed through e-wallets from January to September 2024, representing impressive growth of 117% in transaction volume and 163% in transaction value! These advancements underscore Pakistan’s accelerating transition towards a digital economy, with EMIs and PSOs/PSPs playing a pivotal role in expanding financial inclusion and fostering digital innovation. Kudos to SBP for driving this momentum! #DigitalPayments #Fintech #Pakistan #FinancialInclusion #Innovation #Payments #SBP #Remittances

Is this the only fintech platform capable of Escrow? I think Singapore is still the true melting pot for all advancements in finance. In a macro sense, Asia has been producing some of the best fintech advancements and that’s something great. We’re Asian Sensations?? GCash was considered pase’ by some people but now, it’s almost a neccessity. We can all go out of the house w/ just a smart phone and a drivers license thanks to Gcash. And now, escrow in fintech—that’s amazing. Incidentally though, Taza is “Tasa” which is a cup or pot. Or also Tasa which is sharpen in english. Clever play of words incorporated to the brand. Like how iron sharpens iron and how rust eats away steel, just how we all move forward.

According to data released by the Nigeria Inter-Bank Settlement Systems (NIBSS), licensed mobile money operators like Opay, Palmpay, and 15 others facilitated transactions valued at N46.6 trillion in 2023, marking a significant milestone in the country’s financial sector. This figure represents the highest annual mobile money transactions recorded, showing a remarkable 140% increase compared to the N19.4 trillion transactions in 2022, as reported by the NIBSS. Tap the link in our bio to read more. #mobilemoney #NIBSS #DigitalPayments #FinancialTechnology #TransactionVolume #DigitalFinance #MobileTransactions #FinancialInclusion #CashlessEconomy #PaymentTechnology #FintechNews #NigeriaFinance #DigitalCurrency #EconomicDevelopment #financialstatistics

Pakistan State Oil's Subsidiary, Cerisma Pvt Limited, Granted License for EMI by State Bank of Pakistan (SBP): In a strategic move to bolster its presence in the financial sector, Pakistan State Oil (PSO) has secured a significant milestone as its fully owned subsidiary, Cerisma Pvt Limited, receives approval from the State Bank of Pakistan (SBP) to establish an Electronic Money Institution (EMI). The banking regulator has granted an approval to Cerisma for the issuance of e-money wallets, catering to both consumers and merchants. Pakistan State Oil's decision to venture into the fintech domain follows extensive deliberation, driven by the company's ambition to leverage its expansive retail outlets and robust point-of-sale infrastructure across #Pakistan. Cerisma Pvt Limited, positioned as a non-banking finance company, will spearhead PSO's foray into fintech, executing existing operations while exploring new avenues, as outlined in the company's annual report. Read more: https://lnkd.in/dRawemW5 State Bank of Pakistan (SBP) Pakistan State Oil #fintech #EMI #SBP #PSO #Cerisma #fintechnewspakistan

We're excited to have played a small role in enabling this partnership through modern cloud-native payments technology. In a regulatory environment rapidly evolving to meet the objectives of Vision 2025, there's an enormous amount of potential to be unlocked, and strategic partnerships are critical to realising this potential soonest. #ModernPayments #Payshap #Paymentstechnology

Kazang Pay Launches Card Acquiring Service in Zambia Says Leon de Wit, managing director at Kazang Zambia:?“Zambia has made enormous strides in terms of financial inclusion, with card usage and penetration growing at a rapid pace. With Kazang Pay, merchants can now easily accept card payments on the same all-in-one terminal they already use for vending of VAS products. ?“Card transactions help merchants to grow basket sizes and potentially attract more customers, and at the same time, reduce the risks and costs of handling cash. Moving towards digitalised payments will also enable merchants to track sales, manage cash flow,?and create a footprint that could make it easier for them to access loans.” https://lnkd.in/eCYR2TU8 Ashley Naidoo Lisa Coates Julian Van Reenen Christian Nee-Whang Dawid Mocke (CISM, CISSP, Pentest) Olwethu Gift Mbelu #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

SUCCESS STORY: OUR CLIENT RECEIVES CBN’S PAYMENT LICENCE IN NIGERIA The Central Bank of Nigeria (“CBN”) has granted an Approval-In-Principle (“AIP“) to Appglobal Technologies Limited, a fintech company in Nigeria, to operate three types of payment services or businesses under the Payment Solutions Service Licence Category. The CBN is the apex regulator of the Nigeria’s financial services space and licensing institution for all financial institutions with nationwide operation in the country. Appglobal is a financial technology company in Nigeria poised to solving the nation’s challenges of inclusive financial services through innovative payment products and services to its wide range of individual and corporate customers. After a rigorous procedure, the CBN has finally granted a provisional approval to Appglobal to provide payment products and services under the following payment licence categories: 1. To operate as a Payment Solutions Service Provider (“PSSP“) company, with permission to undertake payment processing gateway and portals, payment solution/application development, merchant services aggregation and collections; 2. To render all permissible services as a Payment Terminal Solutions Provider (“PTSP“): The PTSP licence permits Point of Sale (“PoS”) Terminal deployment and services, PoS Terminal ownership, PTAD, Merchant/agent training and support whilst the Super Agent licence permits agent recruitment and other activities as specified in the Regulatory Framework for Licensing Super Agents in Nigeria; and 3. To undertake agency banking services as a Super Agent in Nigeria. It is important to note that none of the above licences permits its holder to either directly or indirectly hold customers’ funds or operate digital wallets. In order for a payment company to be able to hold customers’ funds or create and manage digital wallets, such company must seek and obtain a Mobile Money Operator’s licence from the CBN. CLICK THE LINK BELOW TO READ MORE: #Koriatlawyers #Koriatandco #Paymentlicence #PSS #PSSP #PTSP #AGENCYBANKING #SUPERAGENT #CBN #PAYMENTGATEWAY https://lnkd.in/dB5KNYbX

As the push for financial inclusion gains momentum, LANDBANK is making waves with the upcoming launch of two innovative e-wallet services, developed in collaboration with fintech leader Traxion Pay. Starting this Q4, the state-run bank will introduce eWallet-Carded on October 30 and eWallet-Virtual via its mobile app on December 15. These solutions aim to streamline digital transactions for millions of Filipinos, especially those receiving government cash grants, and provide easier access to banking services in underserved areas. LANDBANK's latest foray into the e-wallet space represents a crucial step in bridging the financial gap for remote communities and those traditionally excluded from the formal banking system. As digital transformation accelerates, these e-wallets will empower more Filipinos to: 1) Manage funds securely and conveniently 2) Transfer money and pay bills with ease 3) Benefit from flexible payment options with or without a physical card This initiative aligns with the government’s vision of digitizing 50% of retail payments and integrating 70% of Filipino adults into the financial system. Through the power of fintech and partnerships, LANDBANK is setting the stage for a more inclusive financial future. Read here to know more: https://lnkd.in/gSEAX6n3 #FintechNewsPH #FinancialInclusion #DigitalTransformation #LANDBANK #EWallets #TraxionPay #FintechPhilippines #InclusiveBanking

Zeepay, Africa’s largest fintech has secured regulatory approval from the Bank of Ghana for its outbound money transfer service. Congratulations Andrew Takyi-Appiah and the team! ???? This service enables cross-border payments from Ghana to key destinations, including the UK, USA, Ivory Coast, and Nigeria. With a track record of facilitating both inbound and outbound transfers in Zambia, Barbados, and Ivory Coast, Zeepay now extends the outbound service to Ghana in partnership with MoneyGram. This approval represents a disruptive development in the financial ecosystem, as it is the first of its kind granted by the Bank of Ghana or any other regulator within the regulatory sandbox to a Mobile money operator originating from mobile money wallets. This significantly expands the opportunities for Zeepay wallet holders, enabling them to support their loved ones abroad with ease through seamless international payments. https://lnkd.in/dS96vgP9