{"id":265295,"date":"2025-11-11T14:13:00","date_gmt":"2025-11-11T15:13:00","guid":{"rendered":"https:\/\/www.premium-partners.net\/?p=265295"},"modified":"2025-11-11T18:03:08","modified_gmt":"2025-11-11T18:03:08","slug":"fnb-mastercard-unite-to-advance-africas-cross-border-payments-with-launch-of-globba","status":"publish","type":"post","link":"https:\/\/www.premium-partners.net\/fr\/builder\/fnb-mastercard-unite-to-advance-africas-cross-border-payments-with-launch-of-globba\/","title":{"rendered":"FNB, Mastercard unite to advance Africa\u2019s cross-border payments with launch of Globba"},"content":{"rendered":"

This post<\/a> was originally published on this site<\/a><\/p>

<\/p>\n

The launch of Globba, a groundbreaking cross-border payments platform powered by Mastercard Move and integrated into FNB and RMB Private Banking apps, has set a new benchmark for digital financial connectivity across Africa.<\/p>\n

The collaboration between FNB and Mastercard aims to simplify, secure, and speed up the way South Africans send money abroad\u2014bridging both local and international economies.<\/p>\n

The new solution, unveiled in Johannesburg on Tuesday, supports transfers to more than 120 countries, reaching destinations via bank accounts, mobile wallets, or cash pickup locations.<\/p>\n

It forms part of FNB\u2019s wider strategy to enhance digital inclusion for underbanked and underserved communities while enabling seamless cross-border financial flows across key corridors like Zimbabwe, Malawi, Mozambique, and Ghana.<\/p>\n

Following its successful rollout in South Africa, the partners plan to expand Globba across FNB\u2019s African network, subject to regulatory approvals.<\/p>\n

Lytania Johnson, CEO, FNB Personal Segment, said Globba represents a powerful platform for inclusion, speed, and transparency.<\/p>\n

“Our customers are Pan-African and globally connected \u2013 they value efficiency, security and innovation,”Johnson said.<\/p>\n

\u201cGlobba creates a global financial ecosystem, drives access without infrastructure, leverages data for empowerment, and fosters borderless collaboration among banks, fintechs, telcos, and governments.\u201d<\/p>\n

The collaboration between FNB and Mastercard is seen to mark a major step forward in advancing next-generation payment technologies aimed at making cross-border transactions as simple and affordable as local transfers.<\/p>\n

Industry leaders noted that innovation in cross-border payments is crucial to unlocking intra-African trade and supporting the African Continental Free Trade Area (AfCFTA) objectives. Historically, high costs, complex regulations, and weak financial rails have constrained regional commerce.<\/p>\n

Mastercard Move, which powers the new service, offers banks, non-bank financial institutions, and other partners fast and secure domestic and international transfer capabilities.<\/p>\n

Its network spans over 200 countries and territories, supporting 150+ currencies and reaching more than 95% of the world\u2019s banked population.<\/p>\n

Cross-border payments are a lifeline for millions of Africans, supporting families and trade across borders. The launch comes as South Africa prepares to host the G20 Finance Track this month, where modernising cross-border payments will be a key focus area.<\/p>\n

Sizwe Nxedlana, CEO of FNB Private Segment, added that Globba fills a critical gap in the bank\u2019s payment ecosystem.<\/p>\n

\u201cGlobba enhances what was a lagging capability in global payments. It\u2019s not just about moving money\u2014it\u2019s about the trust, transparency, and financial access it unlocks for our customers,\u201d Nxedlana explained.<\/p>\n

With FNB\u2019s trusted customer relationships and Mastercard\u2019s global technology infrastructure, Globba positions South Africa at the forefront of cross-border innovation\u2014driving financial inclusion and connecting the country\u2019s consumers to the global digital economy.<\/p>\n

Onur Kursun, executive vice president for commercial and payment flows, EEMEA at Mastercard, said cross-border payments are the cornerstone of Africa\u2019s digital economy, connecting families, fuelling SMEs and supporting regional trade.<\/p>\n

\u201cWith Mastercard Move\u2019s innovative solutions, we\u2019re empowering FNB customers with greater choice and flexibility in how they send money\u2014locally and across borders,\u201d Kursun said.<\/p>\n

\u201cThis enhances transparency and builds confidence in cross-border transactions, ensuring South Africans can fully and securely participate in the digital economy.\u201d<\/p>\n

Tim Masela, head of the national payment system department at the South African Reserve Bank, said one of the biggest barriers to Africa\u2019s growth has been the lack of efficient cross-border payment systems.<\/p>\n

Masela said solutions like Globba and partnerships between banks, regulators, and fintechs is a fundamental shift toward inclusion, transparency, and affordability.<\/p>\n

\u201cI think the innovators need an enabling environment for them to innovate and offer products and services. And oftentimes, we are the ones that are assigned to be doing things like that. There could be areas of regulatory burden, where the regulators are too demanding and not proportionate, and are pulling in different directions,\u201d Masela said.<\/p>\n

\u201cThe challenge for us as regulators is to manage risk without slowing innovation. Each regulator has a different mandate, but we must work together to ensure products like Globba can scale responsibly while maintaining systemic stability. So the regulators need to come together, align their objectives, be proportionate to ensure that we manage the risk without over-delaying the system and ensure that products like this can lend and can have the desired effect.\u201d<\/p>\n

BUSINESS REPORT<\/strong><\/p>","protected":false},"excerpt":{"rendered":"

The launch of Globba, a groundbreaking cross-border payments platform powered by Mastercard Move and integrated into FNB and RMB Private Banking apps, has set a new benchmark for digital financial connectivity across Africa.The collaboration between FNB and Mastercard aims to simplify, secure, and speed up the way South Africans send money abroad\u2014bridging both local and international economies.The new solution, unveiled in Johannesburg on Tuesday, supports transfers to more than 120 countries, reaching destinations via bank accounts, mobile wallets, or cash pickup locations.It forms part of FNB\u2019s wider strategy to enhance digital inclusion for underbanked and underserved communities while enabling seamless cross-border financial flows across key corridors like Zimbabwe, Malawi, Mozambique, and Ghana.Following its successful rollout in South Africa, the partners plan to expand Globba\u00a0across FNB\u2019s African network, subject to regulatory approvals.Lytania Johnson, CEO,\u00a0FNB\u00a0Personal Segment, said Globba represents a powerful platform for inclusion, speed, and transparency.”Our customers are Pan-African and globally connected \u2013 they value efficiency, security and innovation,”Johnson said.\u201cGlobba creates a global financial ecosystem, drives access without infrastructure, leverages data for empowerment, and fosters borderless collaboration among banks, fintechs, telcos, and governments.\u201dThe collaboration between FNB and Mastercard is seen to mark a major step forward in advancing next-generation payment technologies aimed at making cross-border transactions as simple and affordable as local transfers.Industry leaders noted that innovation in cross-border payments is crucial to unlocking intra-African trade and supporting the African Continental Free Trade Area (AfCFTA) objectives. Historically, high costs, complex regulations, and weak financial rails have constrained regional commerce.Mastercard Move, which powers the new service, offers banks, non-bank financial institutions, and other partners fast and secure domestic and international transfer capabilities.Its network spans over 200 countries and territories, supporting 150+ currencies and reaching more than 95% of the world\u2019s banked population.Cross-border payments are a lifeline for millions of Africans, supporting families and trade across borders.\u00a0The launch comes as South Africa prepares to host the G20 Finance Track this month, where modernising cross-border payments will be a key focus area.Sizwe Nxedlana, CEO of FNB Private Segment, added that Globba fills a critical gap in the bank\u2019s payment ecosystem.\u201cGlobba enhances what was a lagging capability in global payments. It\u2019s not just about moving money\u2014it\u2019s about the trust, transparency, and financial access it unlocks for our customers,\u201d Nxedlana explained.With FNB\u2019s trusted customer relationships and Mastercard\u2019s global technology infrastructure, Globba positions South Africa at the forefront of cross-border innovation\u2014driving financial inclusion and connecting the country\u2019s consumers to the global digital economy.Onur Kursun, executive vice president for commercial and payment flows, EEMEA at Mastercard, said cross-border payments are the cornerstone of Africa\u2019s digital economy, connecting families, fuelling SMEs and supporting regional trade.\u201cWith Mastercard Move\u2019s innovative solutions, we\u2019re empowering FNB customers with greater choice and flexibility in how they send money\u2014locally and across borders,\u201d Kursun said.\u201cThis enhances transparency and builds confidence in cross-border transactions, ensuring South Africans can fully and securely participate in the digital economy.\u201dTim Masela, head of the national payment system department at the South African Reserve Bank, said one of the biggest barriers to Africa\u2019s growth has been the lack of efficient cross-border payment systems.Masela said solutions like Globba and partnerships between banks, regulators, and fintechs is a fundamental shift toward inclusion, transparency, and affordability.\u201cI think the innovators need an enabling environment for them to innovate and offer products and services.\u00a0And oftentimes, we are the ones that are assigned to be doing things like that. There could be areas of regulatory burden, where the regulators are too demanding and not proportionate, and are pulling in different directions,\u201d Masela said.\u201cThe challenge for us as regulators is to manage risk without slowing innovation. Each regulator has a different mandate, but we must work together to ensure products like Globba can scale responsibly while maintaining systemic stability.\u00a0So the regulators need to come together, align their objectives, be proportionate to ensure that we manage the risk without over-delaying the system and ensure that products like this can lend and can have the desired effect.\u201dBUSINESS REPORT<\/p>","protected":false},"author":1,"featured_media":265297,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-265295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-builder"],"_links":{"self":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/265295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/comments?post=265295"}],"version-history":[{"count":1,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/265295\/revisions"}],"predecessor-version":[{"id":265296,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/265295\/revisions\/265296"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/media\/265297"}],"wp:attachment":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/media?parent=265295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/categories?post=265295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/tags?post=265295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}