1. Paysafe study shows COVID-19 fueling online shift, payment preferences
  2. How the pandemic is solidifying contactless payments
  3. MoneyGram’s Walk-In Business Hit By Coronavirus As Digital Transactions Surge
  4. Visa says contactless use surged amid COVID-19
  5. MoMo Interoperability Grows by Over 350% in the first quarter of 2020
  6. Russia’s VTB Bank launches international card-to-card transfers
  7. Ghana Launches Africa’s First Universal QR-Code to Drive E-Payments
  8. IKEA Dubai to Allow Customers To Pay For Goods With Their Time
  9. Alibaba Extends $3B Loans to Coronavirus-Affected Firms
  10. ECG Prepaid Payments Goes Digital With Mobile App
  11. Ghanaians Urged to Embrace e-Payment as a lifestyle in 2020
  12. Africa’s Quiet Cashless Payments Revolution
  13. Ghana’s Payment System Is Challenged-Kweku Adoboli
  14. Dangers Of Large Currency Denomination Notes
  15. Bank of Ghana Introduces Higher-Denomination Banknotes and Coins
  16. Fintechs and MoMo Operators to Acquire License by June 2020-BoG
  17. GCB Bank To Issue Electronic Money
  18. Digitization Key to Formalizing Ghana’s Economy
  19. Google to Offer Checking Account
  20. Mobilemoney Interoperability Crosses GH¢90 billion
  21. Ghana to Launch a Universal QR-Code For Payments
  22. AirtelTigo Appoints New CEO
  23. Wirecard Acquires Chinese Payments Group for €109m
  24. Apple Pay Tops Mobile Payment Apps
  25. Verve Cards Launched in Ghana
  26. Ransomware Hits Billtrust
  27. The Catholic Church Launches Digital Rosary
  28. Payments Systems and Services Bill Passed
  29. GTBank Launches Virtual Cards to Promote Online Shopping
  30. MTN Ghana: “More Taxes Would Injure The Mobile Money Sector
  31. PwC Unveils New Tool For Auditing Crypto Transactions
  32. Bitcoin on Track For Best Second Quarter Price Gain
  33. Mobile Money Operators to Face Minimum Capital Requirement-Bank of Ghana
  34. Facebook Moves Towards Payments and E-commerce
  35. BoG to Enforce Rules on Cash Declaration at Kotoka International Airport
  36. India Moves to Ban Cryptocurrencies
  37. Fintech: Redefining Payments in Africa
  38. Ghana’s Tax Filing To Go Digital
  39. MTN Deepens Financial Inclusion For Women In Ghana
  40. Apple Launches a New Credit Card
  41. IT Consortium Is ISO 27001:2013 certified
  42. 8 Services You Don’t Know Exist On MTN Mobile Money
  43. Second phase of mobile money interoperability launched
  44. African Banks Must Work With Fintech Startups
Sunday, August 9, 2020
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  1. Paysafe study shows COVID-19 fueling online shift, payment preferences
  2. How the pandemic is solidifying contactless payments
  3. MoneyGram’s Walk-In Business Hit By Coronavirus As Digital Transactions Surge
  4. Visa says contactless use surged amid COVID-19
  5. MoMo Interoperability Grows by Over 350% in the first quarter of 2020
  6. Russia’s VTB Bank launches international card-to-card transfers
  7. Ghana Launches Africa’s First Universal QR-Code to Drive E-Payments
  8. IKEA Dubai to Allow Customers To Pay For Goods With Their Time
  9. Alibaba Extends $3B Loans to Coronavirus-Affected Firms
  10. ECG Prepaid Payments Goes Digital With Mobile App
  11. Ghanaians Urged to Embrace e-Payment as a lifestyle in 2020
  12. Africa’s Quiet Cashless Payments Revolution
  13. Ghana’s Payment System Is Challenged-Kweku Adoboli
  14. Dangers Of Large Currency Denomination Notes
  15. Bank of Ghana Introduces Higher-Denomination Banknotes and Coins
  16. Fintechs and MoMo Operators to Acquire License by June 2020-BoG
  17. GCB Bank To Issue Electronic Money
  18. Digitization Key to Formalizing Ghana’s Economy
  19. Google to Offer Checking Account
  20. Mobilemoney Interoperability Crosses GH¢90 billion
  21. Ghana to Launch a Universal QR-Code For Payments
  22. AirtelTigo Appoints New CEO
  23. Wirecard Acquires Chinese Payments Group for €109m
  24. Apple Pay Tops Mobile Payment Apps
  25. Verve Cards Launched in Ghana
  26. Ransomware Hits Billtrust
  27. The Catholic Church Launches Digital Rosary
  28. Payments Systems and Services Bill Passed
  29. GTBank Launches Virtual Cards to Promote Online Shopping
  30. MTN Ghana: “More Taxes Would Injure The Mobile Money Sector
  31. PwC Unveils New Tool For Auditing Crypto Transactions
  32. Bitcoin on Track For Best Second Quarter Price Gain
  33. Mobile Money Operators to Face Minimum Capital Requirement-Bank of Ghana
  34. Facebook Moves Towards Payments and E-commerce
  35. BoG to Enforce Rules on Cash Declaration at Kotoka International Airport
  36. India Moves to Ban Cryptocurrencies
  37. Fintech: Redefining Payments in Africa
  38. Ghana’s Tax Filing To Go Digital
  39. MTN Deepens Financial Inclusion For Women In Ghana
  40. Apple Launches a New Credit Card
  41. IT Consortium Is ISO 27001:2013 certified
  42. 8 Services You Don’t Know Exist On MTN Mobile Money
  43. Second phase of mobile money interoperability launched
  44. African Banks Must Work With Fintech Startups

Alibaba said on Monday (Feb. 17) that ㍐20 billion ($2.86 billion) is available in loans via its affiliate, Ant Financial’s MYBank, to help companies affected by the Coronavirus, Reuters reported, citing an announcement on Alibaba’s official Weibo account.

In addition, Alibaba is extending preferential terms to firms located in Hubei — the center of the outbreak — and setting aside ㍐10 billion in loans just for companies in that region. They will be offered a zero-interest rate on 90-day, one-year loans and a 20 percent discount on rates for the remaining nine months. All Chinese businesses are being offered ㍐10 billion in 20 percent discounted one-year loans.

Chinese officials have been encouraging financial institutions to drop interest rates and offer loans to companies that have been affected by the outbreak.

The Chinese eCommerce giant is also dropping platform fees for Tmall merchants for the first six months of 2020. The company is also establishing two ㍐1 billion funds to assist restaurants, logistics and supply chain firms.

People returned to work across China on Monday (Feb. 17) as government restrictions were rolled back. The coronavirus has killed more than 1,300 people, most of them in mainland China.

China’s most valuable tech company is facing one of the biggest challenges in its 20-year history. Alibaba said last week that the coronavirus outbreak was slowing sales as employees stayed home from work and packages went undelivered. “We are being tested,” Alibaba Chief Executive Daniel Zhang said Thursday.

Prior to the coronavirus hitting China in late January, Alibaba had beat analysts’ expectations. The company posted ㍐161.5 billion in sales in the quarter ending Dec. 31, an increase of 38 percent over the same period a year earlier.

In a recent earnings call about 2019 Q4, Alibaba indicated that the outbreak was going to negatively affect its revenue moving forward. Although demand has been up for goods delivered from places like supermarkets, stores were closed and delivery capacity was hindered.

Source: pymnts.com

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