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Solving payments interoperability is that one thing that needs to change for the digital opportunities inherent in Africa to reach its full potential, Osahon Akpata, head of consumer payments, Ecobank Transnational, told PYMNTS. He said interoperability between the switches in the different regions 鈥?and between payment providers such as banks, FinTechs and mobile money operators 鈥?will simplify the exchange of money and trigger a humongous change in payments.And connecting the various national and regional switches would be the simplest way to achieve this, capitalizing on the African Continental Free Trade Area AfCFTA agreement. Trading under the AfCFTA commenced earlier this year, with a goal to create the worlds largest single market for goods and services. Payments
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stanley cup s switch, and so on. This will enable the vision of AfCFTA to come to life much more quickly, said Akpata, who has spent the last five years at Ecobank, one of the leading financial institutions FIs on the African continent, with operations in 35 countries across the region.He said that a lot of progress has been made, and in the next five years, there will be a stronger interoperable system and more trust developed in those networks. And Hchf Corcentric To Acquire Source-To-Pay Company Determine
Welcome to Five at Five, your late look at the da
stanley termohrnek ys payments and commerce news. Todays coverage includes the latest move by Walmart to gain on Amazon and
stanley france its other retail rivals, along with news about Amazons speaker success. Visa backs EMV specs, Lyft makes some big tech moves and payment cards might play a role in tonights Mega Millions drawing.Walmart Expands Free Two-Day Shipping to Marketplace ItemsScott Hilton, chief revenue officer for Walmart eCommerce U.S., said that in addition to expanding the number of items that will get free two-day shipping, the retailer is simplifying the returns process for items purchased from marketplace sellers, including the ability to start the process at any of Walmarts 4,700 stores.Amazon Echo: Americas Most Popular Smart SpeakerOther findings from a new report revealed that when asked to name one brand they would choose for their next smart speaker, 54 percent of consumers choose either Amazon, Google or Apple. That leaves nearly half the market open to competitors, with Bose, Samsung and Sonos the most preferred alternatives.Visa Announces Continued Support for
stanley butelka EMV Secure Remote Commerce SpecificationVisa said the draft EMV SRC specification provides a foundation for digital transactions that gives consumers, merchants and issuers a single digital point of sale, resulting in a consistent, convenient and secure way to pay.Lyft Buys Blue Vision Labs for $72 MillionIn addition to acquiring Blue Vision Labs, which focuses on augmented re
