SDK.finance’s Post

Today's @#wordoftheday is Payment Gateway. Ever wonder how you buy stuff online without handing over cash? It's all thanks to payment gateways, the digital middlemen that securely process your payments. They are like a bridge between your bank account and the online store. They encrypt your information, verify transactions, and get your money where it needs to go, all in the blink of an eye! Some examples of payment gateways include M-PESA Africa, Pesapal, Cellulant, NALA and Google Pay. #wordoftheday #digitalpayments #paymentgateway #digitaltransformation #fintech

Our latest e-book, ‘The Future of Payments in Africa 2024’, takes you through the trends that will shape the payment industry of Nigeria, South Africa, and Kenya in 2024. From the rise of innovative fintech products that are reshaping financial interactions, to the emergence of new regulatory frameworks that are setting the pace for the financial industries of these nations, we’ve got it all covered. Inside this report, you’ll find insights on the surge of Buy Now, Pay Later (BNPL) apps, the adoption of digital wallets, and much more. DOWNLOAD HERE: https://cutt.ly/cwZZKPZz #AfricaEconomicOutlook #PaymentTrends #VertoFX

Real-time payments continue to grow globally 🔥 ➡ 🇪🇺 The European Council has introduced a new rule mandating instant credit transfers to arrive in recipients' accounts within 10 seconds, aiming to enable instant payments across the entire European Union and European Economic Area. ➡ 🇶🇦 Qatar's Central Bank plans to launch the Fawran instant payment service, allowing users to send and receive funds in seconds using their mobile phone numbers as identifiers. ➡ 🇦🇪 Abu Dhabi Islamic Bank's ADIB, in partnership with ProgressSoft, has introduced a real-time payments hub in the Middle East, aiming to streamline cross-border transactions and enhance the speed, security, and efficiency. ➡ 🇨🇴 Wompi Colombia has unveiled a merchant-focused mobile payment app. The app tokenizes users' savings accounts for enhanced security and streamlined payments, with plans to expand its functionality using open banking technology. ➡ 🇮🇳 The National Payments Corporation of India (NPCI) has initiated a real-time payment link between India and the United States, coordinating with the U.S.'s FedNow® system. Initially focused on small transactions, the initiative has the potential to expand to larger amounts in the future. Overall, these developments reflect the growing demand for instant payments, driving expansion, innovation and accessibility to real-time transactions globally. 🌏 🚀 #realtimepayments #fintech #innovation #

The Digital Wallet Boom in Africa 💥 As the bridge between traditional cash systems and cutting-edge digital payments, e-wallets access convenience, speed, and accessibility in financial transactions across the world. 👌 Why are digital wallets the game-changer? ⚡ Speed: transactions are fast, making e-wallets perfect for businesses needing quick, efficient payment solutions. 📱 Convenience: with user-friendly interfaces, managing payments has never been easier, whether on desktops, mobile devices, or tablets. 💰 Cost-effective: enjoy lower transaction fees compared to traditional banking, saving costs significantly, especially for businesses handling payroll. 👥 Global reach: e-wallets simplify and streamline the international payment process. Hop on board with businesses that simplify the payment process for their customers with DalaPay solutions. If you operate a gambling business or exchange, our contemporary solutions are exactly what you need! Get in touch with us now! 📧 [email protected] | dalapay.com #DigitalWalletBoom #AfricaFintech #MobileWalletsAfrica #FinancialTransformation #CostEffectiveSolutions #DigitalEconomyAfrica #DigitalBankingAfrica #BusinessGrowth #FinancialInclusion #DalaPay #FintechFuture

Breaking News: AllBank and Pays0 Forge Game-Changing Partnership for QRPh-P2M in the Philippines 🚀💳 AllBank and Payso have joined forces to revolutionize QR Payments in the Philippines! Our official partnership paves the way for secure, contactless transactions, empowering businesses and customers with near real-time payments via QRPh. 🌐💼 #Payso #AllBank #QRPH #paymentgateway #FintechPartnership #PaymentsInnovation  #EmpoweringPayments #FinancialAccessibility  #SeamlessTransactions #PhilippinePayments  #APIIntegration #PaymentSolutions  #Partnership #Fintech #ExcitingNews

The #MENA region is emerging as a global leader in instant payments. 🚀 #Instantpayments - the transfer of funds in real time between accounts - are expected to reach USD $2.6billion in MENA by 2027, making the region the fastest growing real-time payments market globally. This growth is driven by #KSA, #UAE and #Egypt. Our Co-founder and CTO Mostafa Menessy examines the factors driving this global rise from rapid technological adoption, to strategic #government initiatives, and a robust increase in #digitalpayment transactions in his latest OpEd for The Fintech Times. Read Mostafa's article here: https://lnkd.in/gjaVie95

In Morocco, MT Cash stands as a prominent player among mobile wallets, simplifying transactions and fostering financial inclusion. Amidst a digital evolution, mobile wallets like MT Cash are becoming indispensable for daily transactions. As the country witnesses a shift towards digital methods, the landscape of financial transactions evolves. Interested in incorporating advanced payment solutions like MT Cash into your operations? See how PayAmigo can assist you in navigating Morocco's digital payment landscape effectively. #MTCash #DigitalWalletsMorocco #PayAmigoSupport #FinancialInclusion #DigitalPayments

If you are interested in Mobile Money look at the 2024 State of the industry report from GSMA. https://lnkd.in/eWv6AepA Progress has been highly impressive $1.4 Trillion transactions plus 14%, 435m 30 day actives $74bn Merchant Payments and $29bn International Payments. Sub Saharan Africa is the largest market 234m 30 day active accounts, followed by South Asia 89m, and East Asia Pacific 77m. #mobile money #fintech #moneytransfer #financialinclusion

If you have any business in Europe, you'll want to know about SEPA. Historically, cross-border transactions have been notoriously slow and expensive. In such an economically interconnected zone as the wider European community, the loss of 1-3% of continental GDP on inefficient transactions has a real and tangible effect on businesses, large and small. With access to SEPA, sending money across Europe feels as easy as making a domestic transfer. My EU Pay also offers access to SEPA instant, meaning you can send and receive payments up to €100,000 at the click of a button. With instant payments, you can start working for your clients, and your providers can start working for you, as soon as you decide it's time to sign on the dotted line. We're always happy to share more information with anyone who needs our expertise in the payments industry - just reach out via our LinkedIn inbox or [email protected] #Fintech #Payments

#Mobilemoney has revolutionized Africa’s #fintech industry, moving beyond simple USSD transactions to become the backbone of digital commerce and #financialinclusion. 🌍💸 Join this #AfricaTechFestival panel as we dive into the next frontier of mobile money: 📊 Race to Bank the #Unbanked: How can collaboration between Mobile Network Operators (#MNOs), Banks, and #Fintechs accelerate financial inclusion and provide access to affordable credit? 💳 Wallet 2.0 to 3.0: Discover the evolution of #mobilewallets — from basic transfers and payments to advanced functions like lending and seamless integration with online merchants. ➡ Register to join the discussion: https://lnkd.in/eCAbCzTm