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Are authenticated collections reinventing the debit order?
Although introduced with good intentions, South Africa’s unique early debit order system is open to abuse, as is evident in the almost one million disputes lodged every month. It is particularly lower income groups that bear the brunt. Imagine the…
Voice Banking App Wins Big At Re:Code Nigerian Hackathon
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…
Online payroll solution for start up and small businesses launched in Kenya
Market and technology for integrated accounting, payroll & HR and payment systems, Sage has announced today that Sage One Payroll is now available in Kenya from 3 April. The cloud solution integrates with Sage One Accounting, offering a business solution…
Online accounting platform surpasses 1 million subscribers globally
Xero Limited, an online accounting software company has recently surpassed one million subscribers* worldwide on its global cloud accounting platform. Xero has doubled subscriber numbers in less than two years and has quickly grown to become a global accounting platform,…
How to keep yourself safe when banking online
The ease and convenience of banking on a mobile device is undeniable. However, this luxury does not come without any risk as cyber crime continues to plague various industries by taking advantage of the unknowing consumer. This threat has seen…
Kenyan diaspora is the biggest sender of mobile money
To mark the 10th anniversary of mobile money service M-PESA, WorldRemit has released new data showing that the Kenyan diaspora is the biggest sender of digital remittances to mobile accounts. Transfers to mobile money accounts make up 93% of WorldRemit…
A new survey details online shoppers’ movements
Growing internet access and improvements in online security have allowed South African consumers to feel more comfortable with online shopping. Today, around 23% of local shoppers make a purchase at an eCommerce store at least once a month. With a…
Payments in Africa: the tipping point
In its current format, point of sale (POS) technology stands to exclude the mass market, say FinTech experts from mobile banking innovator, WIZZIT International. “Technology is advancing rapidly and, thus far, payment authorisation innovation has been screamingly successful –…
CoinFest to hit Nigeria
African Youth Peace Call (AYPC), Nigeria, is set to host CoinFest Nigeria, an international gathering of BitCoiners, Crypto-Enthusiasts, Programmers/Developers, (eCommerce) Entrepreneurs, Merchants, and Traders, as a way of creating an incentive to Cryptocurrency acceptance while educating the public on the…
Instagram hits 1 million active advertisers
Facebook-owned photo and video app, Instagram has announced that it now has 1 million monthly active advertisers. With over 150 million active users daily the app has vast opportunities for businesses to share information with people. The number of marketers…
Mastercard to Support Development of Ghana’s Digital Payment Ecosystem
Mastercard, in support of Ghana’s Vision 2020 goals, has committed its support to helping the country to develop a cashless economy, in furtherance of its push to be an economic powerhouse in Africa. This was highlighted during a recent discussion…
As retail payments burst with innovation, new threats emerge
The payments space is one of the most vibrant areas of financial services at the moment, with consumers craving faster, simpler ways to make payments – especially for those regular, low-value transactions that punctuate our daily comings-and-goings. Banks, FinTechs, payments…
Secrets to success for innovation in financial services revealed
Innotribe has released a new report examining the way innovation teams from the financial services sector are harnessing innovation within their organisations. Based on interviews with 11 innovation leaders, the Innotribe report, “Dynamism in Diversity: The essentials for successful Innovation…
Four mega-trends shaping mobile payment platforms
With rapid smartphone penetration in South Africa boosting research and development, it is no surprise that local fintech players are turning their attention towards mobile payment innovation. Mobile payments could be very lucrative in the local market, as elsewhere, but…
World First, PayToo to Use Biometrics and Facial Recognition in Sign Up Process
PayToo® Wallet, a mobile banking solution, announced on the 9th of March the exclusive release of PayToo® Assistant, a new digital application that uses facial verification and biometrics to verify customers’ identity, facilitating the PayToo® sign up process for the…
The new frontier of pricing intelligence: Predictive & Dynamic
A long time ago, in what in many ways does seem like a different galaxy, you could poke your head into a competitor’s shop down the road and see how your prices stacked up. That day is long behind us.…
