Browsing: visa

digital payments | iPay Visa Tap-to-Phone technology

Digital payment platform iPay has joined forces with Visa, a world leader in digital payments, to introduce Visa’s Tap-to-Phone technology to simplify digital payments for merchants and customers.

Dubbed Tap Ulipe, the solution is integrated into a sleek, portable, internet-enabled MobiGo 2 device, comparable in size to modern smartphones. It offers merchants many solutions beyond traditional payments without investing in clunky POS machines. In addition, merchants can also download the Tap to Ulipe app from the Google Play store on their Near-Field-Communication (NFC) enabled smartphones to accept contactless payments.…

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  • The Africa fintech accelerator program will be a three-month intensive learning program focusing on business growth and mentoring.
  • The AfDB created the Africa Digital Financial Inclusion Facility as a blended finance facility to accelerate digital financial inclusion in Africa.
  • The VEI competition in 2022 hosted more than 1000 African fintech startups.

The steady growth of Africa’s fintech companies has caught the attention of various international investors keen on its lucrative potential. New Visa announced the launch of the Africa Fintech Accelerator Program to assist startups in gaining some foothold in the competitive markets. With investors flooding Africa, its fintech industry might become its most profitable economic activity.

Increase Of Digital Innovation

Africa’s digital transformation has taken a turn for the better in terms of innovations and economic growth. Nigeria, Kenya, Egypt and South Africa are prime examples of how shifting to a more digital platform can open vast financial doors.

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  • Project Management Institute’s recent Talent Gap report shows 2.3 million people will be needed each year to fill all project management-oriented (PMO) positions that are expected to open by 2030.
  • To remain competitive, companies will need to hire problem solvers and relationship builders who can help drive change and deliver strategic value.
  • During this decade, sub-Saharan Africa will witness a 40 percent growth in PMO employment opportunities.

African economies could be headed to a severe shortage of skilled project managers to implement critical infrastructure investments across the continent.

According to Project Management Institute’s most recent Talent Gap report, 2.3 million people will be needed each year to fill all project management-oriented (PMO) positions expected to open by 2030.

To remain competitive, companies will need to hire problem solvers and relationship builders who can help drive change and deliver strategic value.

During this decade, sub-Saharan Africa will witness a 40 percent …

Zambia launches tourism master plan to boost travel. The launch of the Zambia Tourism Master plan was aimed at facilitating systematic exploitation of the country’s vast tourism for the sector to contribute to the growth of the economy. The plan runs from 2018 to 2038. www.theexchange.africa

In a notice on Sunday, the Zambia Tourism Authority (ZTA) announced that there would be no VISA requirements for the United Kingdom, United States of America, Canada, Norway, Australia, China, South Korea, Gulf Estates and the European Union. This is with effect from October 1, 2022.

The Zambia Tourism Agency (formerly Zambia Tourism Board) was established in 2015 to market and promote Zambia as a travel destination of choice and to regulate the tourism industry.

Zambia is home to the world-famous Victoria Falls, vast wildlife resources, varied scenery, wilderness, diverse culture and national heritage, adventure activities and more.

The developments come on the back of the country’s approval of its Tourism Master Plan 2018 to 2038, a 20-year practical development strategy to enhance the economic contribution of the tourism sector to the southern African nation’s economy.…

The head of the Portuguese government was speaking in Maputo at a joint press conference with the President of the Republic of Mozambique, with whom he met as part of the 5th Luso-Mozambican Summit.

The Autorização de Residência para Actividades de Investimento – first introduced in 2012 and commonly known as the ‘Golden Visa’ – is a residence permit that provides qualifying non-EU / EEA / Swiss citizens and their families with full rights to live, work and study in Portugal.

According to The Portugal News, an alternative to the Golden Visa is the Portugal Passive Income Visa – also known as a D7 Visa – which provides residency status to non-EU / EEA / Swiss citizens, including retirees, who intend to relocate to Portugal and are in receipt of a reasonable and regular passive income. The D7 Visa is aimed at those who intend to live in Portugal, so …

Financial Services Firms negligent with clients risk reputational damage

Visa, for its part, has lodged an application seeking to dismiss the charges. In its defence, the payments platform company said that the people who posted the victims’ underage images and those who distributed and earned money from the material caused the alleged harm and not Visa, the Washington Post reports.

The company went on to argue that it had nothing to do with the operations of the websites run by Mind Geek which include adult entertainment websites where child sexual abuse videos have been featured. Since the news of child sexual abuse broke and the landmark ruling delivered by the California court, Visa has been at pains to distance itself from the lawsuit of which it is now a defendant. The company made a statement to the Washington Post where it condemned sex trafficking, exploitation, and child sexual abuse materials as “repugnant” to its values and purpose as a …

Digital payment growth could boost Egypt’s GDP by 3.5pc -Visa

Economic growth generated through digital payments could add up to 3.5 per cent to Egypt’s GDP, according to Visa.

Visa, which describes itself as the world’s leader in digital payments, in partnership with the Egyptian Banking Institute (EBI), hosted the Egypt Payment Security and Digital Solutions Conference earlier this week.

The conference was attended by leaders from Egyptian banks, traders and fintech firms, it featured presentations by Visa experts on the latest cyber-security trends and digital solutions.

The company also presented its security roadmap for Egypt’s payments ecosystem, which is based on the strategic security pillars of protecting data, devaluing data, harnessing data and empowering consumers.

It includes facilitating the deployment of best-in-class digital solutions such as contactless cards and tokenisation which is a process where personal data is protected by replacing it with a randomly generated number or token so as to support both online payments and in-store, as

Standard Chartered Bank (SCB) Kenya has launched a prestigious product offering - the Standard Chartered Visa Infinite credit card.

Standard Chartered Bank (SCB) Kenya has launched a prestigious product offering – the Standard Chartered Visa Infinite credit card.

The Standard Chartered Visa Infinite credit card, targets the affluent segment by offering a range of value added benefits, including best-in-class privileges.

Targeting high net-worth customers SCB Visa Infinite credit card, comes with unparalleled advantages and rewards.

“We are constantly working towards bringing to our clients the highest quality of services available on the global market. The launch of the Visa Infinite credit card shows our bank’s commitment to bringing payment solutions that meet and exceed the expectations of our ever-expanding clientele,” CEO Kariuki Ngari said on Wednesday.

“As a leading issuer of credit cards in Kenya, we continually look at ways of becoming more customer centric,” he added.

The new Standard Chartered Visa Infinite credit card is in-line with the bank’s strategy to consistently deliver premium services to its “valued …