Latest news with #paymentsolutions
Yahoo
4 days ago
- Business
- Yahoo
TOPPAN Security Strengthens Market Leadership in Asia with Acquisition of dzcard Group
DUBAI, UAE, June 4, 2025 /PRNewswire/ -- TOPPAN Security, a global leader in secure identity and payment solutions, announced that it has entered into a definitive agreement to acquire dzcard Group, a prominent provider of smart card solutions and personalization services across Asia and Africa. This strategic acquisition immediately positions the TOPPAN Group as the clear leader in the Asian payment card market. The acquisition significantly expands the company's footprint by doubling its banking cards manufacturing capacity and its network of personalization centers. Building on its established presence in the Middle East, Africa, Latin America, and Europe, TOPPAN Security will now offer localized banking card services to clients in high-growth markets including Thailand, the Philippines, Malaysia, India, Morocco, and East Africa. With a significant youth demographic, these nations are actively investing in modern, secure payment infrastructure and financial inclusion initiatives, making them key strategic regions. "Integrating dzcard Group into the TOPPAN Group marks a key milestone in our global expansion," said Jean-Pierre Ting, President of TOPPAN Security. "By combining TOPPAN Security's global scale with dzcard Group's regional strength, we are building a future-ready secure solutions business designed for long-term growth, innovation, and strategic agility. This acquisition is a clear indication of our broader strategic ambitions and is one of the many steps in our expansion plans." Renaud Adam, CEO of dzcard Group, said: "Joining the TOPPAN Group marks an exciting new chapter for dzcard Group. We share a strong cultural alignment with TOPPAN Security, grounded in a mutual commitment to quality, client service, ambitious growth, and team spirit. Together, we'll accelerate investment, unlock economies of scale, enhance our capabilities, and drive innovation across all our markets." This acquisition highlights TOPPAN Security's commitment to delivering end-to-end, high-quality physical and digital payment solutions. The combined organization will operate an expanded network of personalization and manufacturing facilities, providing the scale necessary to effectively support financial institutions, global banks, and fintechs across five continents. About Us dzcard Group dzcard Group is the leading smart cards manufacturer in Southeast Asia and Africa. dzcard Group is securing everyday lives in a connected world. dzcard Group aims to provide solutions to the increasingly complex and fragmented digital lives by securing transactions, protecting identities, and ensuring connections. It is empowering payment, fintech, telecom, and governmental institutions with trustworthy products & solutions. dzcard Group is a fully integrated company and offers an entire range of products: cards, packaging, personalization, digital solutions, and encrypted authentication. With more than 1,000 collaborators, operations in 3 continents, 2 manufacturing plants, and 7 scheme-certified personalization centers, dzcard Group is delivering its solutions to clients all around the globe. For more information, visit TOPPAN Security TOPPAN Security is a global leader in systems integration and mission-critical identity and payment technologies, providing advanced solutions that enhance security, trust, and efficiency. It serves as the international development arm of the TOPPAN Group, focusing on advancing security solutions across global markets. The company specializes in secure document and card manufacturing, biometric authentication, encryption, and identity verification solutions, supporting governments and businesses in building resilient digital ecosystems. Through partnerships with governments and businesses worldwide, TOPPAN Security continues to push boundaries, set industry benchmarks, and develop cutting-edge technologies that enhance physical and digital security and transform citizen experiences. For more information, visit or contact info@ For media queries, please contact: Mona El of Branding & CommunicationsTOPPAN Security View original content: SOURCE TOPPAN Security Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-05-2025
- Business
- Yahoo
SPAYZ.io targets expansion in South Africa, Egypt, and Cameroon
Payment solutions provider has expanded its operations into three African markets: South Africa, Egypt, and Cameroon. This initiative is part of the company's strategy to enhance digital commerce by offering localised payment options in African markets. The fintech firm has been assessing potential markets in Africa, with a focus on understanding the regulatory environments, market demands, and opportunities for local partnerships. The company announced that by the end of 2025, its services will be available in multiple new countries within its network. In South Africa, plans to enable EFT Bank Transfers across major markets. Additionally, the company will introduce Mobile Money solutions in Egypt and Cameroon. head of strategic partnerships Dmitrii commented: "It is important that we don't rush into new markets just for the sake of expansion. Instead, we take a deliberate and thoughtful approach to growth that is long-term, ensuring our payment solutions are stable and easy to access. 'Every market we enter is the result of careful research, strategic planning, and a deep understanding of the local ecosystem. It's the reason why Africa is a priority region for us. "Our planned launches in South Africa, Egypt and Cameroon reflect our approach. We are giving our clients access to markets with a burgeoning consumer base, driven by the rapid adoption of new technologies. I look forward to seeing the new opportunities these launches will open to our partners, and look forward to discussing our plans during our participation at FMAS later this month." This follows expansion in Nigeria, Japan, and the Philippines, where the company announced new payment services earlier this year. " targets expansion in South Africa, Egypt, and Cameroon " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Zawya
19-05-2025
- Business
- Zawya
Egypt's AL Ahly Momken, Post Distribution sign pact to expand financial inclusion
Egypt - AL Ahly Momken, an Egyptian electronic payment solutions and financial technology company, has signed a strategic cooperation agreement with Post Distribution CO-PDC, a subsidiary of the National Postal Authority specialised in franchise branch management, to expand financial inclusion and digital transformation across Egypt's governorates. The collaboration is aimed at establishing and operating a new network of branches to provide integrated financial and digital solutions. This initiative supports state efforts to achieve financial inclusion and digital transformation, and is intended to contribute to the delivery of high-quality financial services to citizens and businesses. The agreement was signed by Ahmed Enayet, CEO and Managing Director of AL Ahly Momken, and Ahmed Faiz, Managing Director of Post Distribution CO-PDC. The signing ceremony was attended by Ahmed Ghazy, Deputy CEO and Chief Commercial Officer of AL Ahly Momken, along with Hady Ayad, Head of Retail and Strategic Partnerships, Essam Abdel Fattah, Head of Legal Affairs, Ahmed Abdel Aziz, Head of Financial Affairs, and Ahmed Farid, Senior Manager of the Retail Department at Post Distribution CO-PDC. Ahmed Enayet stated that the partnership aligns with AL Ahly Momken's strategy to support Egypt's Vision 2030 for sustainable development and to promote financial inclusion by expanding digital services to all areas, including remote and underserved regions lacking access to traditional financial services. 'We are proud to collaborate with Post Distribution CO-PDC, which brings extensive experience in managing branches and service units under the franchise model nationwide,' Enayet said. 'This enables us to deliver outstanding services that meet customer needs efficiently and seamlessly.' Ahmed Ghazy explained that the first phase of the collaboration will involve launching two new branches in Cairo and Port Said, with plans for gradual expansion across all governorates. He added that more branches may be opened in densely populated areas with increasing demand for services. Ghazy pointed out that the new branches will offer a comprehensive package of services, including the opening of e-wallets, Know Your Customer (KYC) services, and collection of payments for individuals and companies, in addition to many other non-banking services, all within a fully secure digital environment. For Post Distribution CO-PDC, Ahmed Faiz emphasised that this partnership complements the company's ongoing efforts to support Egypt's service infrastructure. He noted that Post Distribution CO-PDC has more than 15 years of experience in establishing, operating, and managing branches under the franchise model nationwide, supported by a strong operational network and advanced logistical infrastructure covering various governorates. 'We are proud of this partnership, which reflects the trust of leading institutions in the capabilities of Post Distribution CO-PDC,' Faiz said. 'We will manage and operate the new branches according to the highest standards of efficiency and quality, ensuring an exceptional customer experience that supports the state's goal of delivering services to all regions, including villages and remote centres.' Faiz further highlighted that Post Distribution CO-PDC is distinguished by its wide geographical presence and its ability to rapidly expand through branch establishment and recruitment of qualified personnel, factors he believes will enhance the success of the joint project with AL Ahly Momken. He concluded: 'We are committed to providing a comprehensive and exceptional service experience to customers, supporting the state's vision of building a modern and inclusive digital economy, and reinforcing Egypt's position as a regional hub for financial and technological innovation.'
Zawya
18-05-2025
- Business
- Zawya
Al Ahly Momkn signs a strategic cooperation agreement with Post Distribution-PRC
Cairo – Al Ahly Momkn, a leading company in electronic payment solutions and financial technology in Egypt, has announced the signing of a strategic cooperation agreement with «Post Distribution CO-PDC», a subsidiary of the National Postal Authority, specialized in establishing, operating, and managing branches under the franchise model. This collaboration aims to establish and operate a new network of branches to provide integrated financial and digital solutions, supporting the state's efforts to achieve financial inclusion and digital transformation, and contributing to the delivery of high-quality financial services to citizens and businesses across various governorates. The agreement was signed by Mr. Ahmed Enayet, CEO and Managing Director of «Al Ahly Momkn», and Mr. Ahmed Faiz, Managing Director of «Post Distribution CO-PDC». The signing was attended by Mr. Ahmed Ghazy, Deputy CEO and Chief Commercial Officer of «Al Ahly Momkn», as well as Mr. Hady Ayad, Head of Retail and Strategic Partnerships, Mr. Essam Abdel Fattah, Head of Legal Affairs, Mr. Ahmed Abdel Aziz, Head of Financial Affairs, and Mr. Ahmed Farid, Senior Manager of the Retail Department at «Post Distribution CO-PDC». In this context, Mr. Ahmed Enayet, CEO and Managing Director of «Al Ahly Momkn», stated that the partnership aligns with the company's strategy to support Egypt's Vision 2030 for sustainable development and to promote financial inclusion by expanding digital services to all areas, including remote and underserved regions that lack access to traditional financial services. He added: 'We are proud to collaborate with «Post Distribution CO-PDC», which brings extensive experience in managing branches and service units under the franchise model across the republic. This enables us to deliver outstanding services that meet customer needs efficiently and seamlessly.' Mr. Ahmed Ghazy, Deputy CEO and Chief Commercial Officer of «Al Ahly Momkn», explained that the first phase of the collaboration will witness the launch of two new branches in Cairo and Port Said, with plans for gradual expansion across all governorates. More branches may also be opened in densely populated areas with increasing demand for services. Ghazy pointed out that the new branches will offer a comprehensive package of services, including the opening of e-wallets, Know Your Customer (KYC) services, and collection of payments for individuals and companies, in addition to many other non-banking services, all within a fully secure digital environment. For his part, Mr. Ahmed Faiz, Managing Director of «Post Distribution CO-PDC», emphasized that this partnership complements the company's ongoing efforts to support the infrastructure of services in Egypt. He noted that «Post Distribution CO-PDC» has more than 15 years of experience in establishing, operating, and managing branches under the franchise model nationwide, backed by a strong operational network and advanced logistical infrastructure covering various governorates. He added: 'We are proud of this partnership, which reflects the trust of leading institutions in the capabilities of «Post Distribution CO-PDC». We will manage and operate the new branches according to the highest standards of efficiency and quality, ensuring an exceptional customer experience that supports the state's goal of delivering services to all regions, including villages and remote centers.' He further highlighted that «Post Distribution CO-PDC» is distinguished by its wide geographical presence and its ability to rapidly expand through the establishment of branches and recruitment of qualified personnel—factors that enhance the success of this joint project with «Al Ahly Momkn». He concluded by affirming: 'We are committed to providing a comprehensive and exceptional service experience to customers, supporting the state's vision of building a modern and inclusive digital economy, and reinforcing Egypt's position as a regional hub for financial and technological innovation.'
Wamda
06-05-2025
- Business
- Wamda
Attijariwafa Ventures backs Tunisian fintech Konnect in multi-investor round
Tunisia-based fintech company Konnect Networks has secured an undisclosed investment round from Attijariwafa Ventures as part of a wider fundraising round that included participation from Utopia Capital Management, 54 Collective, Visa, Plug and Play Tech Center, Renew Capital, Digital Africa Ventures, and Sunny Side Venture Partners. Konnect, founded in 2021 by Amin Ben Abderrahman, offers seamless payment links, e-commerce plugins, and a robust API designed to cater to businesses of all sizes. The latest investment round will further support the company's expansion and continued innovation in the fintech space. In late 2024, Konnect secured a funding round from Renew Capital for an unknown amount. Press release: Tunisia-based fintech company Konnect Networks has secured investment from Attijariwafa Ventures as part of a wider fundraising round that included participation from Utopia Capital Management, 54 Collective, Visa, Plug and Play Tech Center, Renew Capital, Digital Africa Ventures, and Sunny Side Venture Partners. Konnect Networks is emerging as Tunisia's leading payment orchestration platform, offering secure, scalable, and user-friendly payment solutions tailored to both businesses and individuals. Its offerings cover online and point-of-sale payments, including payment aggregation and real-time transaction capabilities, positioning it at the forefront of digital financial services in the country. The company has achieved several key milestones recently, including being granted the first Payment Facilitator license by the Central Bank of Tunisia. It has recorded over 20% month-over-month growth and reached a 4% share of Tunisia's e-commerce market in just three years. Led by CEO Amin Ben Abderrahman, Konnect aims to drive financial inclusion and digital transformation across Tunisia and the broader region. The latest investment round will further support the company's expansion and continued innovation in the fintech space.
