Deloitte South Africa, in conjunction with iCombine has recently released an insights paper on payments titled “The Regenesis of South Africa Payments - What needs to change?” based on research conducted across global territories where developments and trends appeared the most impactful. The most prominent and South Africa-relevant trends...
Bitcoin will be adopted as legal tender in three more countries in 2022, predicts the CEO of a game-changing global financial giant.
The ultra-bullish prediction from Nigel Green of deVere Group, one of the world’s largest independent financial advisory, asset management and fintech organizations, doubles down on one made on...
Hosted by IT News Africa, and sponsored by Telkom and Hitachi Data Systems, the Financial Innovation Summit was held at the Radisson Blu Gautrain Hotel in Sandton, Johannesburg.
The Summit which was held on 28 October 2015 addressed the theme – “Advancing Financial Services.”
During the course of the Summit, IT News Africa recorded...
Recent years have seen South African banks compete in a key battleground: the mighty mobile app.
Each bank is positioning mobile in slightly different way – with some emphasising contactless mobile payments, another highlighting bot-like automation and machine learning, others focusing on simplicity, or intuitive user experiences.
For banks, the mobile...
While $10,000 is not a fortune, it is enough to create meaningful wealth over the long term.
Consider that $1,000 invested in Amazon would be worth nearly $220,000 today, growing at an average annual return of 30.88%. Or that $1,000 invested in Berkshire Hathaway in 1970 would be worth nearly...
Global Money transfer organisation Xpress Money has announced that it witnessed a 37 percent growth in Mobile Wallet Credits to Africa in 2018 and foresees a similar trend in 2019.
Xpress Money cashed in on the fact that more than half of the world's mobile money services operate in Africa.
"While...
First National Bank (FNB) has announced that it has awarded over R 10.5 million to its most innovative employees for radically disrupting and introducing game-changing innovations within the financial industry through its FNB Innovators Awards. This adds to the overall total of R 54.5 million given away since the...
According to a report via TelecomPaper, WorldRemit has called for the urgent restoration of money transfers to Nigeria as draconian new rules leave virtually all money transfer operators unable to provide services to the West African country.
The report reveals that only three companies – Western Union, MoneyGram and Ria...
Global payments company, Tutuka, is the issuer of virtual cards in South Africa. Virtual Visa and Mastercards have said to be helping South African businesses offer their consumers a more secure way to shop online.
Virtual cards can be created in seconds through an app or an SMS and work...
The rate of banking services that are available via mobile devices is growing daily as businesses and individuals are increasingly forced to prioritise digital transformation - one such development is Shyft.
To unpack the security behind this mobile forex trading solution, ITNA's Jenna Delport chatted to Arno Von Helden, Head...
VoiceIt, a Voice banking app, has won the 2017 Re: Code Nigeria hackathon. As the winners VoiceIt will be taking home ₦1.5 million and in addition to the prize money they will also be receiving access to Microsoft Azure and the IBM platform for a year.
VoiceIt allows banking customers...
US-based financial services provider, Capital one has fallen victim to a cybersecurity breach. The hacker gained access to over 100 million Capital One customers' accounts and credit card applications — making it one of the largest data breaches ever recorded.
According to a report by CNN Business, hacker, Paige Thompson...
TotalSend has announced the addition of Push Payments to its product portfolio. The launch of Push Payments, according to the firm, will see TotalSend step into uncharted waters and form a unique category of being able to integrate payments into digital messaging. This means that bills can now be received...
Paxful, peer-to-peer bitcoin marketplace, has announced the official launch of their wallet app. They have also pledged to continue aiding the growth of entrepreneurship in emerging markets by giving away bitcoin to those who attend the workshop and download the wallet app.
Through interactions with customers, Paxful has gained valuable...
Unfortunately, if you thought 2016 was a wild ride, it is likely to just have been the opening salvo before more upheaval. The foreign exchange market is set to be even more volatile in 2017 than before. Thanks to the Trump election, Brexit, possible populist wins in Europe, wars...
SWIFT, a provider of secure financial messaging services has awarded two fintech startups the opportunity to work with the co-operative and gpi banks over a three-month period to further enhance cross-border payments, leveraging on SWIFT gpi.
The two startups will receive up to 100,000 EUR each to further develop their...
