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Two fintech startups win SWIFT’s global gpi industry challenge
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…
How tech innovation is shaping the future of global payroll
Global business expansion is an exciting, yet challenging endeavour. Each new office in a new country presents a unique set of legislative requirements, further complicated by unfamiliar languages, cultures and customs. In the past, international companies had to establish in-country…
Interview: Demystifying Bitcoin with ProsperiProp
IT News Africa recently sat down with the CEO and Founder of ProperiProp, Llew Morkel, who looked to demystify the world of Bitcoin by breaking down the facets that contribute to this disruptive technology. ProsperiProp is a fintech startup that makes…
Two South African fintech companies aim to change the payment space
Traderoot and Sureswipe, two of South Africa’s first financial technology companies, announced on Tuesday 12 September 2017 that the companies have entered into a strategic business relationship that they claim will change the fintech payment space. Traderoot and Sureswipe have…
Zapper introduces mobile payment starter packs
South African mobile payment and loyalty rewards app, Zapper has introduced mobile payment starter packs. According to the company, the initiative will make it easier for businesses to cash in on the trend. These packs enable mobile payment integration in…
BankservAfrica transforms backup environment
Following its investment in new data centres and disaster recovery strategies, BankservAfrica, Africa’s automated clearing house and payment system operator, has contracted Veeam Software to modernise its backup and data protection systems. Processing billions of transactions annually for 23 banks…
The shortlist for the PriceCheck Tech and E-commerce awards revealed
After a record number of votes, 44,500, were cast to determine South Africa’s leading players in Tech & E-commerce, PriceCheck, the hosts of the awards, revealed on Monday, 5 September 2017, the companies who have been shortlisted across the various…
South Africans prefer mobile banking to access banking services-Study
A study conducted by Avaya reveals that South African consumers prefer a digital-first approach to resolving their basic banking issues. The Customer Experience in Banking Survey, conducted with YouGov, queried more than 10,000 banking customers in two waves – the…
South African Reserve Bank approves TerraPay launch
TerraPay has revealed that the company has successfully obtained regulatory approval from the South African Reserve Bank to launch Cross-border money transfer services in South Africa. The approval sees TerraPay become the fifth company to be licensed as a category three…
How can banks crowd-source fraud management?
With an explosion of digital payment channels, transaction security enhancement has become indispensable for all entities in the payment process – issuers, acquirers, merchants, payment brands, mobile and digital commerce solution providers. The risks and cost of securing a growing…
Mobile money platform Alipay enters South Africa
Online and mobile payment platform Alipay has announced a partnership with Zapper, a mobile payment, customer insights and digital marketing platform developed in South Africa. As revealed by the firm, this partnership will allow Chinese tourist in South Africa to…
Direct Pay Online receives International Security Certification
Direct Pay Online Group (DPO) is the first payment service provider (PSP) in Africa to receive the Payment Card Industry Data Security Standard (PCI DSS) Level 1 certification in 12 African countries. This comes after the successful completion of comprehensive…
The case of Mobile Money innovation in Uganda
Undeniably, a lot has been said as well as written about mobile money. However, it seems there is still some unfinished business related to the topic of mobile money. This unfinished business explains why there is still an ongoing debate…
Online trade platform to launch in Kenya
An online platform which aims to drive intra-Africa trade is set to launch in Kenya next month. Traders of Africa (TOFA) already has its presence in Nigeria, Uganda and Rwanda. The platform will also launch in Ghana. The e-commerce company…
Increased remittances will have greater impact on development
Migrants sent around $450 billion in remittances to developing countries in 2015, 40% of which went to rural areas. On 16 June, the International Fund for Agricultural Development (IFAD), the UN agency tasked with eradicating poverty and hunger in rural…
Invest Using ProsperiProp South Africa’s Very Own Cryptocurrency
ProsperiProp, a South African startup using blockchain technology to develop their own cryptocurrency, has announced that the company will open its Initial Coin Offering (ICO) on Friday, 8 September 2017. According to the company, the launch will help allow people…
