Promoted | The adoption of a broad range of digital payment methods is accelerating in South Africa, according to Mastercard’s New Payment Index 2022.
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Almost a third of local transactions are still running on 3D Secure version 1 despite a deadline to “sunset” this version of the protocol.
A group of young entrepreneurs are looking to reinvent Zambia as an African technology hub – with support from ethereum co-creator Vitalik Buterin.
Mastercard said it will hire more than 500 young professionals this year as it prepares to launch practices focused on cryptocurrencies and open banking.
The news earlier this week that Apple plans to allow merchants to accept contactless payments directly on iPhones has stirred a great a deal of interest.
Mastercard is phasing out cards with magnetic stripes, more than six decades after the technology was first introduced, as consumers adopt chip- and tap-based payments in increasing numbers.
Mastercard is looking to make it easier for consumers to buy, spend and hold cryptocurrencies.
Mastercard will invest $100-million in Airtel Africa’s mobile money operations, valuing the business at $2.65-billion, the London-listed company said on Thursday.
Visa said it will allow the use of a cryptocurrency called USD coin to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies by the mainstream financial industry.
The financial services industry, braced for what could be its biggest disruption in decades, is about to get an early glimpse at the Federal Reserve’s work on a new digital currency.