As digital commerce continues to accelerate owing to the COVID-19 pandemic, Mastercard has announced that it will offer new security services to merchants in South Africa. The company says that it hopes this will further protect consumers and increase convenience when storing Mastercard cards in merchant databases. Dubbed Mastercard Digital Enablement Service (MDES) for Merchants, the service uses a security measure known as tokenization to protect, speed up and simplify online and in-app Mastercard card purchases, as well as subscription-based and recurring payments like streaming music, video services, and utility bills. “Online shopping has gained significant traction in South Africa, and it is imperative for merchants of all sizes to ensure that they are offering a convenient, enjoyabl...
Seacom has announced that Chief Strategy Officer, Suveer Ramdhani, has resigned – there’s no word yet on who is set to replace him. He has been a part of the company since its inception in 2009. Ramdhani had a “founding role in the Seacom project and was responsible for the development of the business strategy of the submarine cable system along Africa’s east coast to Europe and Asia,” says the company in a statement to TechCentral. “He recently concluded the acquisition of FibreCo Telecommunications, which has positioned Seacom to operate a network that runs along South Africa’s highest-traffic transmission routes and links all major South African cities to Seacom’s submarine cable assets.” /* custom css */ .tdi_3_4f0.td-a-rec-img{ text-align: left; }.tdi_3_4f0.td-a-rec-img img{ margin: 0...
Sourced from Comms MEA Airtel Africa has partnered with MoneyGram – an international money transfer company – to allow its 19 million customers to quickly and conveniently receive transfers directly into their mobile wallets. Once Airtel Money customers receive the funds, they can be accessed immediately and used to pay utility bills, goods and services, transferred to other individuals, or converted to cash at any of Airtel Africa’s branches, kiosks, and agents. “This partnership with Airtel will enable millions of consumers instant access to our global platform to receive money from over 200 countries & territories without having to even step outside,” says John Gely, Head of MoneyGram Africa. “We’re excited about how this customer-centric partnership with Airtel will expand our mobi...
Mastercard, Nedbank, and Ukheshe have launched Third-Party Processing Services (TPP) in South Africa which will give everyday businesses access to prepaid and virtual cards. Clayton Hayward, CEO of Ukheshe, says that through Ukheshe’s innovative payment solutions, businesses in South Africa can now issue virtual prepaid cards to employees or customers. Providing recipients with improved financial freedom where they have the option to earn rewards, incentives, and have a secure card that can work anywhere in South Africa while building brand association. Ukheshe will leverage Mastercard Processing, which enables it to launch secure prepaid payments programs to its customers with greater speed, flexibility, and convenience. Through this new relationship, prepaid products will be processed th...