Mastercard welcomes Victor Ndlovu as Director, East Africa ibsintelligence.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibsintelligence.com Daily Mail and Mail on Sunday newspapers.
Victor Ndlovu appointed as new Mastercard Business Development Lead for East Africa
Mastercard has announced the appointment of Victor Ndlovu as Director, Country Business Development Lead, East Africa.
Victor has close to three decades of experience in the fintech, banking and payments industry. He joins Mastercard from Ukheshe, based in South Africa, where he spearheaded the Fintech’s presence in Africa with deals at KCB Bank and Ecobank Pan Africa.
In his new role, Victor will oversee the growth of the Mastercard’s regional footprint in the East Africa region. He is expected to contribute to the company through increasing market share, driving market acceptance, and increasing the number of customer touch points.
Saudi Payments Launches Instant Payments System sarie in Cooperation with IBM and Mastercard
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ARMONK, N.Y. and RIYADH, Saudi Arabia, April 21, 2021 /PRNewswire/ Saudi Payments, under the supervision of the Saudi Central Bank (SAMA) announced the launch of Saudi Arabia s instant payments system sarie in cooperation with IBM (NYSE: IBM) and Mastercard (NYSE: MA), the leading technology company in the global payments industry. This collaboration marks a key milestone for payments innovation in the region and is aligned with Saudi Payments aim to improve the Kingdom s financial ecosystem, mainly through the adoption of faster payments and improvements to banking reconciliation. Today, sarie supports all Saudi banks across the Kingdom and is available for use by their customers.
Saudi Payments launches instant payments system
RIYADH, 6 hours, 25 minutes ago Saudi Payments has launched an instant payments system ‘sarie’ in cooperation with IBM and Mastercard, supporting all Saudi banks across the Kingdom and available for use by their customers. The introduction of ‘sarie’ is in line with Saudi Arabia’s Financial Sector Development Program (FSDP) under Saudi Vision 2030, which targets achieving 70% non-cash transactions by 2030. ‘sarie’ allows bank customers to send and receive money in real-time using a wider range of services and transfer options. Customers of local banks can make instant transactions of up to SR20,000 ($5,300) through the system. Further, “sarie” users can benefit from the quick transfer service to send up to SR2,500 ($660) using aliases, such as mobile number, email address, ID number, or IBAN number.