Bitcoin reached a new high of $47,000 after Tesla invested $1.5 billion into the cryptocurrency. The electric car manufacturer says that it will “begin accepting bitcoin as a form of payment" for its products in the future. In a report, Telsa says "in January 2021, we updated our investment policy...
Hyundai recently unveiled the first Electric Vehicle assembled in Nigeria. At the launch, Mallam Kasifu Inuwa Abdullahi, Nigeria's Director-General of the National Information Technology Development Agency (NITDA) says that the introduction of electric vehicles to the country is a sign of "advancing towards a vibrant economy". He went on to...
Elon Musk is making headlines after causing the price of Dogecoin to surge to an all-time high. On Sunday, the tech entrepreneur tweeted "Who let the Doge out", resulting in a 53% rise over the last 24 hours. Dogecoin's record value is now 8.2 cents with a market value of...
Ukheshe has partnered with the Kenya-based lender KCB Bank Kenya to issue both physical and virtual banking cards across East Africa. According to Victor Ndlovu, VP of Ukheshe Africa, the deal will include other innovative digital products such as QR issuing and acquiring. “By joining forces with KCB we are well-placed...
Ongoing volatility, further progress on regulations and continued interest from institutional investors can be expected in 2021 - this according to South African cryptocurrency exchange, Luno. “Looking back at our predictions from last year - the Bitcoin halving happened without a hitch and the industry matured as institutional investors entered...
FNB has launched its virtual card service to all individual and business customers. The Virtual Card is accessible via the FNB App and the RMB Private Banking apps. With this service, customers no longer need to rely on a physical card at merchants that have Tap-to-Pay functionality as they can...
The African continent is an exciting market where financial technology gets implemented every day. The impact these financial technology solutions are having on the financial sector in Africa is tremendous. Financial technology, or FinTech, has proved to be a good and more effective alternative to traditional banking systems in...
The role of the chief financial officer (CFO) has expanded beyond the traditional gatekeeper to financial resources, chief accounting officer and head recordkeeper. Today, CFOs in the digital enterprise are enablers of growth and strategic advisors to the CEO. Accenture research shows that 80% of CFOs see identifying and targeting...
PayCentral has partnered with Mastercard to launch DigiCentral, a secure online platform that provides small business owners with a simple way of paying out incentives, rewards, gifting, corporate expenses and even salaries to their employees through a prepaid virtual card. The virtual card replaces a physical plastic card and can...
The COVID-19 pandemic had forced companies and individuals to rapidly adapt to the Fourth Industrial Revolution (4IR) to remedy the unprecedented socioeconomic challenges faced by consumers. A key facet of 4IR is a shift towards digitisation, and the vulnerable communities across the globe find themselves trailing even further behind...
Huawei, in partnership with Zapper, has officially launched its new mobile payment service - Huawei Pay - in South Africa. “We are proud to launch Huawei Pay in South Africa,” says Likun Zhao, VP at Huawei Consumer Business Group for Southern Africa. Huawei Pay users will be able to add their...
With the festive season being synonymous with more transactions, especially as people typically have more money at this time of year, the greater the probability there is of fraud occurring. In fact, according to PwC’s Global Economic Crime and Fraud Survey 2020, South Africa has the third-most incidents of...
Absa bank has confirmed a data breach which exposed the personal information of a number of clients. The FSP has also pinned the leak on one of its employees who "acted unlawfully". “Absa advises that an employee has unlawfully made selected customer data available to a small number of external...
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...
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...
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