Payments News

On The Web

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Deals

Mobile Money Gateway MFS Africa Has Acquired B2B Digital Payments Player, Beyonic

“MFS Africa, the pan-African payments gateway which connects wallets across different mobile money platforms through its API, has acquired Beyonic, a digital payments services provider for enterprises which operates in Ghana, Uganda, Tanzania, Kenya and Rwanda. As part of the acquisition, MFS Africa will absorb Beyonic’s entire team while Luke Kyohere, founder of Beyonic, will […]
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Domains

Zimbabwe Suspends Stock Exchange, Mobile Payments Over ‘Economic Sabotage’

“Zimbabwe on Friday suspended trade on the stock exchange and mobile phone-based payments to address what President Emmerson Mnangagwa’s government called “criminality and economic sabotage.” The decision to suspend mobile payments will hit the economy hard as more than 80% of all transactions are conducted on phones due to a shortage of banknotes, according to […]
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Global

EU Says Card Fee Curbs Are Working, Retailers Want More

“Caps on the fees retailers pay to process debit and credit card transactions have helped push down prices, EU antitrust regulators said on Monday, but merchants called for even tighter limits. The Interchange Fee Regulation (IFR), which was triggered by a lengthy battle between retailers and payments groups including Visa and Mastercard, limits debit card […]

On The Wires

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Domains

EedenBull and Mastercard Extend Strategic Partnership Into Asia Pacific

“Building on a partnership in Europe, the expanded relationship with Mastercard will support the rollout of Eedenbull’s new commercial cards platform to banks looking to tap into vast opportunities in the Asia Pacific business-to-business payments market. Based in Norway, Scotland and Singapore, EedenBull is a technology-agnostic innovation company built by banking, payment and technology professionals.”
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Global

JCB Expands Its Merchant Network With 3C Payment in Spain

“JCB International, Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., Japan’s only international payment brand, and 3C Payment, a leading global payment solutions provider, today announce the activation of JCB payment acceptance in over 85 locations of a well-established Hotel Group in Spain. This partnership strengthens JCB’s coverage across Spain and further […]
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