Cash may have traditionally been king, but Covid-19 has contributed to a faster pace of digital payment adoption. Recently, two global fintech players discussed the emergence of a plethora of digital payments and debated if cash is on its way out. Omosalewa Adeyemi, Head of Global Partnerships and Expansion at...
Huawei and TPAY have partnered to make it easier for content developers to monetise their apps on Huawei Mobile Services (HMS). This collaboration is expected to allow local MEA developers to fully utilise HMS's In-App-Purchase (IAP) kit through TPAY's direct carrier billing (DCB) service. This means that HMS users can...
Luno has announced that has registered over 5 million customers in over 40 countries and has now made its platform available in Australia. The launch comes shortly after the crypto exchange revealed it would also be available in the UK. Marius Reitz, Luno’s GM for Africa, says that key factors...
Over the last five years, South Africa has emerged as one of the world’s most notable cryptocurrency adopters, and an estimated 13% of its internet users owning or using cryptocurrencies. With the South African Bitcoin/ZAR weekly trading volume – to name just one – currently standing close to...
The COVID-19 pandemic has brought the global economy to a standstill and put millions of people under financial stress. Understandably, people from all walks of life started looking for alternative income streams. Not only are these side jobs providing women with additional income, but they are also giving individuals...
Experian CEO Ferdie Pieterse says that the business and credit information services agency was “in no way, shape, or form” hacked. This comes after the company confirmed that the personal information of nearly 24 million South Africans was breached. Pieterse adds that none of their systems, databases or records was...
As digital commerce continues to accelerate owing to the COVID-19 pandemic, Mastercard has announced that it will offer new security services to merchants in South Africa. The company says that it hopes this will further protect consumers and increase convenience when storing Mastercard cards in merchant databases. Dubbed Mastercard Digital...
South Africa has just been hit a major data breach that may have put the personal information of as many as 24 million South Africans at risk. This information could include First and last names, ID numbers, Telephone numbers, Physical addresses and Email addresses. Experian South Africa - business and...
Mastercard, Nedbank, and Ukheshe have launched Third-Party Processing Services (TPP) in South Africa which will give everyday businesses access to prepaid and virtual cards. Clayton Hayward, CEO of Ukheshe, says that through Ukheshe’s innovative payment solutions, businesses in South Africa can now issue virtual prepaid cards to employees or customers....
Airtel Africa has partnered with MoneyGram - an international money transfer company - to allow its 19 million customers to quickly and conveniently receive transfers directly into their mobile wallets. Once Airtel Money customers receive the funds, they can be accessed immediately and used to pay utility bills, goods and...
Mastercard has launched a new low-cost payments solution that enables small business owners to move their businesses online and accept a range of digital payments from their customers. The “SME-in-a-Box” solution is powered by Mastercard’s payment technology and that of its fintech partners, including payments and agency banking solutions company...
Standard Chartered Bank and Airtel Africa have partnered in an attempt to drive financial inclusion across Africa by providing customers with increased access to mobile financial services. Through the collaboration, Standard Chartered and Airtel Africa will work together to co-create new, innovative products aimed at enhancing the accessibility of financial...
Capitec has revealed that its new banking app has reached the #1 spot on both the South African Google Play and Apple app store charts. It currently trends on the charts ahead of Zoom, Whatsapp Messenger, Tik Tok and Facebook. “Our digital banking services are the most widely used in...
Lonestar Cell MTN has announced that Mobile Money customers in Liberia can receive money from their family and friends anywhere in the world directly to their MoMo accounts, free of charge with the launch of International Remittances. “Many Liberians rely on international financial remittances from abroad. Most people endure long...
Mastercard and Microsoft have partnered to shape the future of digital commerce, drive startup innovation and enable financial inclusion. Capitalizing on Mastercard’s global network and leveraging Azure’s global reach, the collaboration will enable Mastercard’s ecosystem of partners to explore the use of emerging innovations and new commerce capabilities such as...
FNB has launched virtual cards - available to individual customers across Debit, Fusion and Credit Cards and for business customers on Debit Cards. The Virtual Card will be available by October 2020 and customers will access it via the FNB App and the RMB Private Banking App. Once available, customers can...
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