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Planning for sustainable e-commerce in Africa
Traditional retail has been transformed by e-commerce and its technological capabilities. It has proven to be an enormously disruptive but positive force, spurring innovation and providing new economic opportunities for retail entrepreneurs, particularly in the developing world. It is here…
Wala and Veridium to demonstrate new digital banking model in Africa
Veridium, a biometrics company has announced a partnership with Wala, a South African-based, blockchain-powered financial services platform. Through the partnership, the companies will bring universal and financial services to emerging countries in Africa. Currently, nearly 3.5B people worldwide are excluded…
Study: Biometrics leading the way in banking
Gemalto’s latest e-Banking survey results have highlighted the willingness – and appetite – of end-users to use biometrics. local banks have an opportunity to move past passwords and mere transaction security and add real value by introducing biometrics according to…
Top 5 cyber safety tips to apply this Black Friday
South Africa’s shoppers are growing more comfortable with the idea of online shopping. But is our level of education about the associated risks keeping pace? Considering the rising trends of local data breaches and the number of consumers falling victim…
South African informal traders can now accept electronic payments
Mastercard has announced a partnership with Spazapp, a Durban-based tech company, to offer mobile payments to informal traders and convenience stores, better known as spaza shops, in South Africa. By combining their expertise and reach, the companies intend to unlock economic growth…
FlySafair travellers can now use Zapper app to pay for tickets
South African airline, FlySafair and Zapper have entered into a partnership which will allow travellers to use the Zapper app to pay for FlySafair tickets online, as well as at the airline’s web kiosk and sales desk. This new payment…
Millennials prefer digital touchpoints for financial activities, says Forrester
A study conducted by Forrester has revealed that millennials are actively looking for financial guidance more than their older counterparts. The “Millennials Want Financial Advice, With or Without Humans” study revealed that in Europe, 32% of online adults between the…
Blockchain fraud schemes on the rise
While cryptocurrency holders search for new investment opportunities and ways to increase their savings, and enthusiasts look to learn more about the benefits of going cashless, malicious users are also looking for ways to capitalise on the popularity of the…
Cryptocurrency theft putting users’ savings at risk
Researchers from Kaspersky Lab have discovered a new malware which takes cryptocurrencies from users wallet. Cybercriminals are targeting popular cryptocurrencies such as Bitcoin, Ethereum, Zcash, Dash, Monero. According to Kaspersky Lab, the cybercriminals have collected almost $140 000. The research…
Mastercard partners FSD Uganda to strengthen financial inclusion
Mastercard and FSD (Financial Sector Deepening) Uganda have entered into a memorandum of understanding with a goal of partnering to develop financial services and solutions that will improve livelihoods of Ugandans and strengthen the country’s economy. Over half of Uganda’s…
The move to a cashless South Africa
The way the world transacts is in transition. Physical cash and cards are morphing into a hybrid of mobile, digital and perhaps even crypto. This brings to the fore exciting commercial opportunity and challenge. Mostly, it offers the chance of…
South Africa: 4 BEE fintech startups awarded $283 thousand
On Monday 30 October 2017, at a pitching event hosted by AlphaCode, four black-owned South African financial services startups each won R1-million ($71000). The Broad-based Black Economic Empowerment (B-BBEE) pitching event is an initiative of Merrill Lynch South Africa and…
Fintech app to change how South Africans pay each other
On Monday 30 October 2017, the Slide app was officially launched in South Africa. The app works as South Africa very own version of Venmo, one of the US’s most successful payment platforms owned by PayPal that processes $25 billion…
Microsoft and Ovamba partner to produce African language driven chatbot
Ovamba Solutions, a US founded Fintech innovator, and computing giants, Microsoft, have revealed that the companies have partnered to develop and produce the first African language driven chatbot. The chatbot is designed to serve the millions of African SMEs who…
Yoco and Mastercard partner for mPOS expansion in South Africa
Mastercard, on Wednesday 25 October 2017, announced that the company will be collaborating with South African fintech company Yoco to roll out 15,000 mobile Point of Sale (mPOS) devices to small and medium-sized businesses across South Africa by the end…
How to shop safely online with your credit card
If you are amongst many customers who are taking advantage of the ease and convenience of shopping online with their credit cards, it is important to empower yourself with a few tips to keep your card details safe whenever you…
