Total 173 Posts
The duopolistic Mastercard and Visa payment processor hegemony poses a huge threat to the internet, while over the last few years, the dangers of the power held by Big Tech and governments have been under scrutiny - they shouldn't be the only ones.
The digital revolution has reached the African continent, driven by the wide spread of emerging technologies, including automation, artificial intelligence, and networking. Some countries, such as Kenya, have taken advantage of digitization.
Companies in Kenya will start paying a minimum tax of 1% of their gross turnover, irrespective of whether they make a profit or a loss. This tax is payable quarterly.
Since the onset of the COVID-19 pandemic and its related lockdowns, there has been a steep decrease of remittances inbound to Nigeria during 2020 compared to 2019. Now the Central Bank of Nigeria has introduced an incentive scheme to try and boost inbound remittances.
It has never been more important for South African consumers to pay special attention to the 2021 National Budget Speech, as key decisions made by the Minister of Finance, Tito Mboweni, will impact on their growth and survival.
The partnership between Mastercard and MTN Group is hoped will enable the millions of the mobile service provider's customers to pay on global online platforms with a Mastercard virtual payment solution linked to the MTN MoMo wallet.