𝐍𝐞𝐠𝐚𝐫𝐢𝐭 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐑𝐞𝐯𝐢𝐞𝐰’s Post

++ Safaricom PLC Introduces M-PESA Ratiba, Enabling Automatic Standing Orders for Recurring Payments ++ Safaricom’s Mobile Money Platform, M-PESA has introduced M-PESA Ratiba, a first of its kind on mobile money feature that will allow users to set up standing orders directly from their M-PESA wallets, enabling seamless and automatic payments of recurring transactions and bills. "Safaricom continues to transform lives through delivery of differentiated and personalized digital financial services and experiences to our customers. M-PESA Ratiba will allow customers worry-free digital payments of bills and transactions. We continue to innovate on the M-PESA platform to give our customers more visibility, control and security around their financial wellness." - Peter Ndegwa C.B.S, CEO, Safaricom #techafricanews #africa #fintech #automatic #standing #orders #recurring #payments #digital #financial #services

++ Comviva Powers #GETESA Money with Advanced Digital Payments and Communication Solutions ++ Comviva, the global leader in customer experience and data monetization solutions, announced its strategic partnership with Guinea Ecuatorial de Telecomunicaciones SA (GETESA), Equatorial Guinea’s largest telecom operator, to launch a comprehensive digital payments platform. This three-way partnership between GETESA/GETESA Money S.A., Comviva and Quitus Payments & Services S.A., marks a significant milestone in the digital evolution of Equatorial Guinea’s financial landscape, introducing some of the nation’s first-of-its-kind digital payment services and accelerating the transition toward a cash-lite economy. "At GETESA, we are committed to making life easier for our customers by offering innovative solutions that meet their daily financial needs. This partnership with Comviva and Quitus Payments & Services S.A. brings a powerful digital payments platform that will empower our customers with greater financial convenience and inclusion, enhancing their lives and contributing to Equatorial Guinea’s digital transformation." – Carlos Esono MIKO NSING, CEO, GETESA "Our role in this partnership is to bring our deep expertise in technology and fintech development, bridging Comviva’s digital financial capabilities with GETESA Money S.A.’s robust market presence. Together, we’re setting the stage for a transformative shift towards cashless convenience for the people of Equatorial Guinea." – NDONGMO Patrice Maurille, CEO, Quitus Payments & Services S.A. #techafricanews #africa #southafrica #technology #fintech #development #digital #financial #capabilties #cashless #convenience

OneID® partners with Confirmation of Payee services provider SurePay Keith Mabbitt, Chief Customer Officer, OneID®, said, “SurePay has an impressive clientele of over 100 banks and 300 corporates spanning diverse sectors such as automotive, technology, and food and beverage. The combination of OneID’s bank-verified digital ID – accessible to ~50 million UK adults – will deliver added protection when onboarding their customers. In effect, this partnership will enable enterprises using payment services to quickly and easily verify the identity and bank account details of virtually every UK adult.” https://lnkd.in/eut3Gizh David-Jan Janse Nicholas Burt Robert Kotlarz Nicola Cranham Becca Menzler (Assoc CIPD) Linsay Duncan David-Jan Janse Ramon Verweij Lotte Ploeg Marcel Rienties Richard Koldewijn Iwan Mouton Friso Schutte #FFNews #Fintech #Finance #Banking #Paytech #Payments #Insurtech #Insurance

According to the 2020 McKinsey Global Payments Report, the COVID-19 pandemic accelerated several trends in how we pay. We're talking about a serious shift toward eCommerce, digital payments (think contactless and EFT), instant payments, and cash displacement 💸 But here's the scoop: while the rest of us are zipping into the digital age, local governments often move slower. Why is this? This is due to budget constraints, red tape, and data security concerns. But it's time for a change. So, how can local governments hop on the online payment train? Here are the benefits of online payments for local governments⬇️ 1️⃣ Efficiency and convenience: Say goodbye to those tedious, time-consuming payment processes. Online payments mean smoother sailing for everyone involved. Plus, with 24/7 access, you can pay your dues whenever you need to, no more waiting around for office hours ⏰ 2️⃣ Cost savings: Digitizing payments saves local governments big bucks. No more splurging on cash handling and storage. And with services like iCG Pay, you can even pass processing fees onto users, keeping those pennies in the piggy bank. 3️⃣ Improved revenue collection: Let's talk cash flow! Automatic reminders and easy-peasy payment options mean fewer missed payments, keeping a steady flow of revenue. 4️⃣ Enhanced service delivery: Say hello to hassle-free access. Going digital means faster, smoother service for everyone involved. And with 80% of Americans already diving into digital payments, it's what the people want 📱 So, what are we waiting for? It's time for local governments to step into the future. With the right partner, like iCG Pay, your citizens can make payments securely, online or by phone, freeing your staff for other essential tasks. Become a partner today👉 https://hubs.ly/Q02pMN7B0 #government #municipalities #onlinepayments #digitalpayments #paymentpartnership

Safaricom, Kenya’s leading telecommunications provider, has entered into a strategic partnership with Mastercard to enhance payment acceptance and cross-border remittance services. This collaboration will benefit over 636,000 merchants using M-PESA, Safaricom’s mobile money platform, which has become a cornerstone of Kenya’s digital financial ecosystem. The partnership marks a significant step toward fostering greater financial inclusion and expanding the capabilities of Kenya’s merchants to operate in the global economy. https://bit.ly/3XqgAMg

How have Ireland's payment behaviours changed since the National Payments Plan in 2013? The National Payment Strategy was launched in December. It aims to create a new roadmap that enhances and builds "public trust in and the effectiveness of the payments system." Just over a decade before that, the National Payments Plan initially set out a programme of action to help transform Ireland’s payment landscape at a time when we risked falling behind our European counterparts. Take a look at how their payments vision for consumers has been realised in what was a transformative decade for Irish consumers' payment behaviours. https://lnkd.in/evRtXGg5 #BOIPA #NationalPaymentsStrategy #NationalPaymentsPlan #Payments #PaymentAcceptance #CardPayments

Fantastic to see private and public sector getting behind what this change means, not just in terms of potential transition work but more importantly all the benefits this extends for Australian business, economy and payments system. Australian Payments Plus #payid #payto #transactionbanking #realtimepayments #payments Azupay #directdebit #BECSIT

💡 We are proud to announce Australian Payments Plus (AP+) has chosen Third Hemisphere to support their #PR efforts 💡 "Australian Payments Plus is at the forefront of transforming payments in Australia, and that is exactly the type of client we work with at Third Hemisphere." said our founder and fearless leader, Hannah Moreno. AP+'s household name brands include BPAY, eftpos Payments Australia, New Payments Platform (Australia), Beem, PayTo, PayID, and ConnectID, and it has over 150 partner institutions that have transacted tens of billions through its infrastructure. It is the backbone of Australia's digital payments future. And we are excited about the opportunity to work with the amazing Lynn Kraus AM and the very impressive team. Bruno Bouchet, Head of Comms, at Australian Payments Plus, said: “We’re delighted to have Third Hemisphere on board to support our public relations. They bring so much experience in the payments space and have a keen understanding of our vital role in ensuring a healthy domestic payments ecosystem and in building trust in payments. Their immediate infusion of energy and enthusiasm has been so exciting.” AP+ will join other leading finance companies in Third Hemisphere’s portfolio, including ASX-listed digital lender MONEYME (ASX:MME), which was Third Hemisphere’s first ever client in 2015, and Australia’s leading provider of PayTo and other instant account-to-account payments solutions, Monoova. Others include global investment and trading technology solutions provider with $20 billion in assets under administration ViewTrade Holding Corp., global private equity investment firm The Riverside Company, and ASX-listed wholesale fund manager focused on alternative assets DigitalX Limited (ASX:DCC). At Third Hemisphere, our unique expertise spans financial services, technology, #investment, capital raising, and capital markets communication, allowing us to craft communication strategies that resonate with a wide range of stakeholders. For full details, click here: https://lnkd.in/gMsZ6-BE What do you think Australia needs to do to stay ahead in payments technology? Share your thoughts in the comments! 🗣️👇

COLABORACIÓN COMPETITIVA (XIV): 𝐑𝐞𝐪𝐮𝐞𝐬𝐭-𝐭𝐨-𝐏𝐚𝐲: A NECESSARY LAYER in CRAFTING our DIGITAL ECONOMY by enacting FINANCIAL UTILITY PLATFORMS… In the pursuit of a transformative DIGITAL ECONOMY, the concept of Request-to-Pay (RTP) emerges as a pivotal overlay service with the potential to revolutionize the way individuals, businesses, and governments transact with one another. This innovative approach is not merely a payment mechanism; it’s a cornerstone for digitizing national economies. Despite its potential, many nations, including ours, have yet to fully embrace the vision required to support a comprehensive digital economy. This topic resurfaces in my discourse, reflecting a consistent theme throughout my professional narrative. The strategic intent for such an endeavor must be rooted in what I term #ColaboraciónCompetitiva. This collaborative effort involves the entire financial and payments sector coming together to construct a technology stack akin to India’s lauded ‘India Stack.’ This stack would consist of interdependent layers, each supporting the next, to form a cohesive and inclusive financial infrastructure. When I say a ‘Financial Utility Platform’, it means enacting single rails for at least the following: 1️⃣ National Digital Id: It can works on functional eIDs 2️⃣ National Retail Faster Payments Infrastructure 3️⃣ Request-To-Pay Financial Utility Platform (A single platform for Government, Corporate and Individuals) Let me put up a shortlist of Some USE CASES which would shed some light onto the humongous RTP’s potential: 🎯 BILLPAYMENTS: Whenever an Invoice is due, no matter if it’s Taxes, Home utilititlies (water, electricity, gas, etc), loan or credit cards payments, one-time high-value payments, etc; the Payee just issues a ‘Request-to-Pay’ to the payer with the attached invoices or documentation. Upon receiving the ‘Request’, the Payer is given a set of options: (i) Pay in Full, inmediately (ii) Request more info *chat with agent (iii) Defer payment up to future date *in whole (iv) Select a set of Installments without minimum (v) Pay a minimum and select installments (vi) Deny payment Upon accepting the request and deciding to settle the obligation: (i) The user select a Payment Account (ii) The payment is settled, usually instantly If the PAYMENT has been DIFERRED: The user will receive a notification when the payment is due. At that time, he could either settle the payment or take any other available option to pay. 🎯 TRAFFIC FINES in an RTP WORLD: You are pulled over for running a Red Light: This is how it could go from there: (i) The Officer approach your vehicle and read the QR on your back or front windshield. (ii) The appropriate fine is issued as a RTP. (iii) You accept the request but do not yet pay (iv) Fines has a 90 days maximum to pay

The move to the New Payments Platform (NPP) is gaining momentum, marking a pivotal shift in Australia's payment landscape. This transformation promises faster, data-rich transactions, enhancing efficiency and user experience for all Australian consumers, businesses and government agencies. Last year, Australian Payments Network (AusPayNet) announced the target date of 2030 for decommissioning the legacy payments infrastructure, BECS. This is a once-in-a-generation opportunity to modernise all types of payments and streamline our countries’ payment processes, ensuring they meet the needs of tomorrow’s digital economy. Stay updated on how AP+ and the industry are navigating this transformative journey. Read the full update here: 👉 https://lnkd.in/gqAdBeph #RealTime #DataRich #Payments #Innovation #NPP #DigitalTransformation