As the world grapples with the COVID-19 health crisis, the desire for mobile money and contactless payments is on the rise to avoid infections and disease transmission. With mobile money, customers can make payments anywhere at any time with their mobile devices connected to the Internet which decreases exposure to physical money, Point of Sales (PoS) terminals and Automated Teller Machines (ATM)– especially with high volumes of micropayments. The freedom to send, spend and receive money with a mobile phone is quickly becoming an essential part of life for billions of people. It is said that more money remains digital – promoting further digital transactions circulating in the system – rather than being cashed-out – which is great progress towards a cashless society. In 2019, GSMA recorded...
Sourced from Shutterstock. As companies all over the world face unprecedented challenges, they are turning to technologies that provide reliable insights to help them better support their employees, customers and suppliers. Stepping up to fulfil these needs, SAP has announced that it will help companies improve supply chain and industry-specific processes, connect through the business network and embed sustainability as a critical measure of business success. “In uncertain times, companies need a trusted partner to help them make confident decisions to enhance agility and resiliency during and beyond the current COVID-19 crisis,” says Thomas Saueressig, member of the Executive Board of SAP SE for SAP Product Engineering. “In today’s hyperconnected world, it’s even more important for busine...
Sourced from RFI. The health authorities in Chad are focusing on communities to build confidence so that citizens trust the right information and avoid risky behaviour. Communal living, not uncommon in many of N’Djamena’s neighbourhoods, the Chadian capital, is a source of fear among residents as COVID-19 persists. When the pandemic reached Chad, health authorities rolled out a raft of response measures, including door-to-door visits by community health educators to relay messages on safety. While face-to-face meetings are time-consuming, the sessions are more personal, often carried out by someone from the same community who speaks the same language and has the appropriate cultural understanding. Unlike broadcast messages, people can ask questions and seek clarifications in door-to-door c...
QNB Group has become the first bank in Sudan to have successfully performed an international payment card transaction in partnership with Mastercard. The transaction was performed using a Mastercard virtual prepaid card product. QNB is also the first Bank in Sudan to have obtained an issuance license from Mastercard. The first successful international prepaid card transaction was performed on 14 June 2020 and it marks an important and historic milestone for QNB and Mastercard’s strategic plans in Sudan and across Africa. Through this partnership, QNB will issue and accept the Mastercard-branded payment cards in Sudan, allowing more people and businesses across the country to enjoy more convenient, secure and easy to use ways to pay locally and globally. The QNB Mastercard product is a secu...
Sourced from The Times UK. A shift from Africa’s traditional approach to power generation is needed to unleash the continent’s clean energy potential and secure an African future free from blackouts. A strategy centred around energy storage and flexible power systems will be the key to guaranteeing the reliability of a high-renewable grid, while also lowering the cost of electricity for Africans. As Africa’s economies and populations steadily grow, so too does the demand for reliable electricity. Simply put, new power plants need to be built, and the reliability of electrical systems needs to be vastly improved. But here is the challenge: How can African countries build an electrical system that can both integrate a large amount of inexpensive but intermittent renewable energy, while at th...