Slow Virtual Card Uptake Stalls African Payments

3 Hour(s) Ago    👁 52
 

TMCs and corporate travel buyers continue to struggle with cross-border transactions across Africa, due to limited financial infrastructure and inconsistent adoption of new payment solutions.

'Payments in Africa particularly for accommodation remain a key challenge for travellers and travel programmes, said Mummy Mafojane , GM of FCM.

Joey Kganyago , Corporate Travel Manager at the Industrial Development Corporation of South Africa, said one of the biggest issues was inconsistent card acceptance across regions.

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