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Absa now has end-to-end view of customers’ digital experiences
Absa has implemented a suite of CA Technologies solutions that enable the bank to see how customers use and consume mobile and digital services, in real-time, this is part of a top-to-bottom renovation of its 24-hour Operations Command Centre. It…
Walletdoc, Absa implement new payment solution
Absa has partnered with walletdoc in a bid to offer users a smart, secure and convenient way to pay bills such as monthly subscriptions and utilities. The payment solution notifies the user when bills arrive, sends reminders when bill payments…
Is Africa the land of business opportunity or pain?
With growth stagnating around much of the world, businesses often look to new markets to find opportunities. BRIC countries were previously thought of as the global El Dorado by many companies but Brazil, Russian, India and China largely turned out…
South Africa: iKhokha Wins Award at Mastercard Innovation Forum
South African mobile commerce provider, has won the Innovation Award at the 2016 Mastercard Innovation Forum in Budapest, Hungary. iKhokha was recognised in the Innovation category for extending the acceptance of Masterpass, the digital payments service from Mastercard, into the…
UK aims to drive renewable energy investment in Kenya
The British High Commission, in conjunction with Barclays Bank of Kenya held an event in Nairobi bringing together leading players in the local renewable energy sector with investors from the United Kingdom. The UK-Kenya Renewable Energy Conference (REC 100) aimed…
FNB introduces App 5.0 with a range of firsts in Africa
First National Bank (FNB) unveiled the FNB Banking App 5.0, the newest version of the App which has a range of digital firsts in Africa. FNB App 5.0 features industry-leading solutions such as FNB Pay, Fingerprint ID, Secure Chat, Smart…
How to get ready for digital transformation in financial services
What is digital transformation? Simply put, it’s leveraging digital business, which Gartner defines to be the creation of new business designs by blurring the digital and physical worlds, to reach goals that could not be reached earlier, faster, or cheaper,…
Mastercard introduces Mastercard Developers
Mastercard has accelerated the speed of commerce innovations by introducing Mastercard Developers. This single gateway enables Mastercard partners to access a diverse range of Application Programming Interfaces (APIs) across payments, data and security. The platform also includes a ‘New and…
Peach Payment expends into Nigeria and Kenya
Peach Payments is now processing more than R1-billion in transactions per year and expanding into Kenya and Nigeria with plans for other African countries. Peach Payment has recently launched PaySafe, which has already processed transactions worth R1-million, and will change…
DPO group enters merger with PayGate
The Direct Pay Online Group, (“DPO Group”) – formerly known as 3G Direct Pay Limited announced that it has merged with PayGate (Pty) Ltd (“PayGate” or “The Company”). This merger follows the recent investment in the DPO Group by Apis…
Standard Bank launches SA’s first banking App for kids
Standard Bank launched a first-of-its kind smartphone and tablet game-like animated banking app for children. The Standard Bank Kidz Banking App is available initially only to Android users, it is designed primarily for kids between the ages of 6 and…
Rwanda leaps into the digital economy through e-commerce
Mastercard, Bank of Kigali and RwandaOnline announced at the technology company’s Innovation Forum in Budapest, Hungary a partnership to launch Irembo– an online payment solution in Rwanda powered by Mastercard Payment Gateway Services. Aimed at fast-tracking payments in the country,…
African growth boosts SilverBridge annual results
SilverBridge has reported strong financial results for the year ending 30 June 2016. Its net profit increased by 21 percent to R10.1 million and its cash balance improved to R27 million, up from the R18.2 million of the comparative period…
Mobile Money a big hit for South Africans
South Africans are showing significant appetite for mobile money solutions, this is according to the latest data from FNB eWallet Solutions, which shows that 4.2 million new eWallets were created over the last 12 months, a rate of about 350…
Plastic money and cash will soon lose popularity : Wendy Pienaar
More consumers are seeking online solutions, with over 460 million financial transactions processed by Standard Bank on mobile devices between July 2015 and July 2016. Of these, 23 million transactions refer to value transactions amounting to R92 billion, a 68%…
FinTech in Africa: Driving Much More Than Financial Inclusion
The rapid transition towards financial inclusion that Sub-Saharan Africa has been seeing in the last decade could not have happened without the successful adoption of mobile money. However, mobile money and financial technologies have brought Africa’s Sub-Saharan population much more…
