Huawei has joined forces with Zapper to introduce Huawei Pay - its new mobile payment service. “We are proud to launch Huawei Pay in South Africa in partnership with Zapper," says Likun Zhao, VP at Huawei Consumer Business Group for Southern Africa. Huawei Pay users will be able to add their...
The number of new shoppers introduced to eCommerce over lockdown boosted Black Friday weekend total online transaction volumes by 50%, compared to 2019. This is according to data released by online payment gateway PayFast. The company processed a 283% increase in total payment volumes on Black Friday alone compared...
South African's are spending 68% more online now than they were prior to the pandemic, according to a study by Mastercard. Essential items have seen highest surge online with the majority (81%) of SA consumers saying they purchased data, and over half saying they bought clothing (56%) and groceries (54%)...
A significant part of 2020 has been riddled with the COVID-19 pandemic, thus negatively affecting the healthcare sector. To combat some of these challenges, there are several healthcare innovations to look out for in the upcoming year. According to WHO Health Innovation Group (WHIG), sister group of the World Health...
M-Pesa has revealed that it is the first mobile money provider in Africa to join the Financial Taskforce established by United for Wildlife, a coalition of charities that works to tackle the illegal wildlife trade. The M-Pesa mobile money system has become Africa’s most popular financial services provider and the...
Ukheshe has entered into an agreement to acquire Oltio, a digital payments platform that supports Masterpass - Mastercard’s QR payment service in South Africa with more than 300,000 merchants and billers. The use of QR codes in South Africa provides merchants of all sizes – from large retailers chains to...
With the Black Friday shopping frenzy around the corner, the digital economy this year is expected to receive an enormous boost as many people will want to avoid crowds and take their shopping online. After a difficult year marked by severe disruptions and decreased demand, businesses will also be...
Technology is transforming industries on a global scale, with the COVID-19 pandemic presenting an interesting opportunity for medical practitioners and policy-makers to test new ways in which technology — like Telemedicine, AI, Big Data, Analytics, Cloud Computing and Mobility — can facilitate sustainable healthcare systems of the future. An example...
The COVID-19 pandemic has taken a serious toll on shopper behaviour, not only from a decline in spending but also in how they shop. With social distancing restrictions, a possible second wave of infections, and adaptations to new lifestyles, the crisis is driving more traffic to South African eCommerce...
Mukuru is expanding its footprint across Southern Africa. This comes after the remittance provider announced it has seen a 20-fold increase in monthly transactions within Zimbabwe. “As we grow our physical footprint in Southern Africa and bring our services to more people by way of booths and an entrepreneurial agent...
FNB says that it is expecting a 10% increase in the total number of eCommerce transactions over Black Friday and Cyber Monday - as many consumers who participate in Black Friday may opt to shop online instead of going into brick and mortar stores. This is comparable to 2019 where...
FNB Card CEO, Chris Labuschagne has revealed that the bank will delay the launch of its virtual credit cards until 2021 - a strategic move that is said to "ensure that the launch process goes as smoothly as possible for its customers". “FNB is excited to confirm that it has...
For many industries, predicting the future during a pandemic would be difficult – if not impossible. Retail is different. Why? Because COVID-19 has acted as an accelerant for digital transformation - fuelling and amplifying trends that have been creeping in for years. You could even call this “Covid acceleration.” McKinsey recently...
Technology is transforming the way people shop, bank and travel, and perhaps one of its next big challenges is to make major inroads into how they receive healthcare. But reports on progress in the area of healthcare and technology uptake are conflicting. According to global consultants McKinsey, based on their...
Everyone’s favourite retail holiday has always been Black Friday, but have you heard of Singles’ Day? The holiday was introduced in the early ‘90s by Chinese university students as a commemoration of their single status. The essence of the festival was for singles to enjoy the freedom and buying power...
For millions of students and instructors across the world, online classes have become a necessity because of the COVID-19 pandemic. And, in general, many have found the transition to a virtual learning environment to be – at the very least – challenging. Indeed, if you’re used to spending a...
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