FNB Namibia’s Post

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The State Bank of Pakistan (SBP) has instructed banks and financial institutions to integrate the RAAST payment system into e-commerce platforms and online shopping stores by March 31, 2025. This move aims to accelerate the digitization of merchant and business transactions across the country. Under the directive, banks will enable RAAST... Read More: https://lnkd.in/ergmspjf For more details visit raisedbynumbers.com #RBN #RaisedbyNumbers

The Controllers-General of cash: you find them at every bus stop and junction, charging exorbitant fees. This morning, I paid a charge of ₦300 for a ₦5,000 withdrawal from one of them and still had to pay additional charges to the Federal Government. On top of that, my bank will charge me a commission. 80% of bank ATMs don't have cash, yet these POS operators always seem to have it. Who is draining the cash? Who is creating this scarcity? Where are these POS operators getting their cash from? Is the CBN truly monitoring its policy on cash disbursement and availability? I just don't understand. Should the government, bankers, or POS agents be blamed for this? On another note, the pump price of PMS has just dropped. Has it reflected on transport fares? I know that when the pump price increases, transport fares rise immediately. So why doesn’t a dip in the pump price reflect in the same way? Should the government be held accountable for this too? Àwa rárá wa la n se r'awa. Eniyan n se rárá, ó ń parọ m'áyé. Merry Christmas to the faithful ones.

🚀 Exciting times ahead! We are focused on expanding our eCommerce base and digitizing our MCB Islamic customers. By enhancing our digital offerings, we aim to provide a seamless and innovative experience for our clients. Join us on this journey to transform the way we serve our community! 🌟 #eCommerce #DigitalTransformation #MCBBank #MCBIslamic #MIB Ali Nasim Syed Baqir Ali Tirmizi

No more blended merchant pricing plans from Westpac. One of Australia’s largest banks has called for an unwinding of the “blended” pricing structures that push retailers to impose surcharges on everyday debit card users who wear the cost of paying for airline points and other perks promoted by credit card schemes" Reserve Bank of Australia Dr Brad Jones said Thursday “Users of cheaper card payments are effectively subsidising the users of more expensive cards,” Blended pricing also avoids so-called “least-cost routing”, which allows retailers to choose the cheapest system to process their payments. #payments PAYDAY NEWS Warwick Ponder Gabby Taylor Ellis Connolly AACS (Australian Association of Convenience Stores) Australasian Convenience and Petroleum Marketers Association (ACAPMA) Australian Hotels Association NSW National Retail Association Australian Lottery and Newsagents' Association NewsXpress MGA Independent Businesses Australia Peter Drennan Australian Payments Plus

"Keeping downward pressure on merchant fees for card payments, particularly for smaller merchants that tend to be charged higher fees, will keep consumer costs down, and so is an important priority for the Reserve Bank of Australia" #payments

With policy interventions that incentivise digital payments, we can accelerate the adoption of Digital Financial Services and significantly grow Digital Supply Chain Finance. The impact of such policy interventions is evident with the exponential growth in State Bank of Pakistan (SBP)’s Raast initiative where the users now stand at 35 million, with 1 in 2 Raast users being a JazzCash customer. JazzCash hosts the country’s largest merchant ecosystem, with over 300,000 payment points accepted nationwide. This is supplemented by a 245,000-strong agent network that facilitates customers with cash withdrawals and deposits. This extensive network allows us to digitise over PKR 100 billion each month, serving a customer base of 44 million. 𝘛𝘰 𝘳𝘦𝘢𝘥 𝘮𝘰𝘳𝘦, 𝘧𝘰𝘭𝘭𝘰𝘸 𝘵𝘩𝘦 𝘭𝘪𝘯𝘬 𝘪𝘯 𝘤𝘰𝘮𝘮𝘦𝘯𝘵𝘴 #DigitalPayments #FinancialInclusion #CashlessEconomy

In line with Saudi Central Bank – SAMA’s strategic initiatives, retail consumer e-payment reached 70% (62% in 2022, with 12.9% increased) of total retail payments in Saudi Arabia 🇸🇦 in 2023: ⭕️ Sari Payements (Instant payements) 437 Million transactions, +26% compared to 2022. ⭕️ Mada Card Online payments 874 million transactions, +43% compared to 2022. ⭕️ Card Payments via POS approximately 9 billion transactions, +24% compared to 2022. #fintech #payments #paymentstransactions #pos #contactless Source: SAMA.

As Sainsbury's Bank expanded, they began to notice their manual processes were becoming extremely time-consuming. ⏰ AccessPay were able to provide a solution to their problem, allowing them to transform their back-office processes, revolutionising the way they operate! 🙌 Being the UK’s oldest supermarket bank, serving 2.1 million customers across a multitude of products, it was highly important they were able to efficiently process all payments. With AccessPay’s integration of their Treasury Management System (TMS) and SWIFT, Sainsbury’s Bank were able to achieve their goal of fully automating their payments, whilst enhancing their back-office treasury processes on multiple different fronts. ✅ Interested in learning more about how AccessPay were able to form an ongoing partnership that continues to support Sainsbury's Bank or to see how we could do the same for your business? Read the full customer story here - https://okt.to/K9y3UI #Payments #Automationsolutions #BankingandDigitalPayments

Reserve Bank of Australia Assistant governor, Brad Jones speech at Australian Payments Network (AusPayNet) summit this morning has a clear message for small businesses. "Given the shift towards electronic payments, card payment costs are an ongoing concern for merchants, as they are for consumers." "Keeping downward pressure on merchant fees for card payments, particularly for smaller merchants that tend to be charged higher fees, will keep consumer costs down, and so is an important priority for the RBA." AACS (Australian Association of Convenience Stores) Australasian Convenience and Petroleum Marketers Association (ACAPMA) Australian Hotels Association NSW, National Retail Association, Australian Lottery and Newsagents' Association NewsXpress MGA Independent Businesses Australia Warwick Ponder Peter Drennan Gabby Taylor Australian Payments Plus