Mobile money transaction company, Pegasus technologies has suffered a major data breach resulting in the loss of billions of Ugandan Shillings - according to PLM Daily. The breach is said to have impacted telcos, Airtel and MTN Uganda, as well as Stanbic Bank, Uganda’s largest bank. “Stanbic Bank Uganda, MTN...
FNB has revealed that shoppers across South Africa will now be able to make QR code payments at all standalone sale terminals. The bank says that this forms part of the ongoing expansion of its payments ecosystem and integrated App-based QR code, aimed at accelerating the adoption of digital payment...
Jumia and Airtel Kenya have partnered to allow consumers to complete their online payment transactions using Airtel Money. “Millions of Kenyans rely on mobile money daily to make fast payments. By expanding our payment options to include Airtel money, it will make it easier for more consumers to incorporate online...
Following months of uncertainty, data from FNB shows that businesses are already seeing signs of recovery as card swipes at merchants point of sale devices rebound close to pre-pandemic levels. Purchases recorded on FNB Speedpoint devices show that transactions recorded in August, when the country moved to level 2 of...
Mastercard and Zimswitch have partnered in an attempt to modernise Zimbabwe's payment infrastructure - something that the companies believe will support the country's Reserve Bank’s vision of an interoperable payment system that supports inclusive economic growth and boosts the digital economy. “We see this partnership as a positive development that...
South African-founded Luno has been acquired by Digital Currency Group (DCG) - a global enterprise that builds, buys and invests in blockchain companies. Luno began in South Africa in 2013. It now has five million customers spanning over 40 countries as well as almost 400 employees based in London, Singapore and...
UnionPay International and Interswitch East Africa have partnered to support digitalization across the continent, allowing cardholders and merchants within the region to transact seamlessly and conveniently across various platforms on the global UPI network. The agreement with Interswitch will facilitate UnionPay card acceptance across ATMs, Points-of-Sale, QR Payments and online payments,...
The 21st century is widely touted as the 'African Century', a period promising unprecedented economic and technological growth for the continent. Africa's future looks bright. The continent features five of the ten fastest-growing economies in the world. Its population is the most youthful, with 60% of all African citizens under...
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...
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