EXPERTS EPG boosts money transfer options for countries in Africa 3 years ago Samuel Post Views: 802 Euro Payment Group (EPG) has integrated a number of new payments solutions for emerging markets across Africa. This is after EPG secured global partnerships which also enable the repatriation, or settlement of funds processed in South Africa, Nigeria, Kenya, Uganda, Rwanda and Ghana to a European bank account. “Working with leading local partners is fundamental for us to facilitate domestic payment processing including fund repatriation whilst expanding with largely European oriented merchants into the African market,” – said Tony Joeglal, VP of Global Business Development & Marketing at EPG. The company has subsequently produced a list of new payment methods for the six African countries, starting with South Africa where customers will be able to redeem Discovery Miles – a ‘niche’ loyalty payment to support the core bank card (Visa, Mastercard and Amex) and Instant Bank Transfer (Ozow – formerly known as i-Pay) methods. Next on the list is Kenya, where major operators had their digital payment processing channels suspended this summer as part of a tax dispute with the country’s revenue collection agency. Customers here can use the same core card payments alongside mobile-focused money transfer solutions mPesa, Equitel and Airtel. Meanwhile, in Uganda – a country enduring a similarly turbulent time for sports betting since president Yoweri Museveni put a ban on the issue of new licences in February – is one of three countries where EPG clients will offer Airtel, Tigo Cash, MTN Mobile Money and Vodafone payment types. Those in Rwanda and Ghana can enjoy the same four methods. Finally, EPG will mix bank card payments (Visa, Mastercard and Verve) in Nigeria by adding the account number-based solution developed by Nigeria’s inter-bank settlement system (NIBSS). Starting out with just two commercial banks in 2011, the NIBSS Instant Payments (NIP) service has grown to include all commercial banks, Micro-Finance banks (MFBs), and Mobile Money Operators (MMOs). Source: sbcnews.co.uk About Post Author Samuel I am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. See author's posts SamuelI am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. Facebook Twitter LinkedIn Email Print Tags: Euro Payment Group, mobile money Continue Reading Previous Innovations that will disrupt Africa gaming space 2020sNext Problem gambling now regulators’ biggest concern – IAGR report More Stories EXPERTS WORLD NEWS Online gambling & betting industry is projected to reach $145.6 billion by 2030 23 hours ago Szarlot EXPERTS SENEGAL Why African fintechs will continue to trend 2 days ago Samuel EXPERTS KENYA Gamblers Rejoice As Court Scraps Nairobi Law 5 days ago Samuel EXPERTS KENYA Court quashes betting tax, limit on gambling in 5-star hotels 6 days ago Szarlot EXPERTS SOUTH AFRICA Only 2 Months at The BiG Africa Summit 2023! 1 week ago Iwo Bulski EXPERTS MALAWI How Will Malawi’s Economy Fare in 2023 1 week ago Samuel EXPERTS SOUTH AFRICA South Africans spent big on groceries, entertainment and fuel in December 1 week ago Szarlot EXPERTS WORLD NEWS What Will Be The Future of Sports Betting Around The World? 1 week ago Szarlot EXPERTS HOT NEWS TANZANIA Mobile Betting – How Popular is it in Africa? 1 week ago Szarlot EXPERTS RWANDA Adam Bradford launches centre to train youth in Rwanda 2 weeks ago Iwo Bulski EXPERTS KENYA BetEngines launches the first Sportsbook software solution tailor-made for the African market. 2 weeks ago Adeleye Awakan EXPERTS KENYA Ronald Karauri’s Inspiring Journey from Pilot to SportPesa Billionaire 2 weeks ago Szarlot Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.