Payment approval rates for travel have increased by 8.8% in the Middle East and North Africa (MENA), finds a new report from Checkout.com, an international provider of online payment solutions. In the fourth quarter of 2018, the approval rate rose by 5.1%...
If you’ve done any kind of online shopping in South Africa, you’re more than likely to be familiar with the name i-Pay. Not only do they make electronic funds transfers (EFTs) smoother and safer, they also singlehandedly saved 2018 Black Friday...
NetDragon, a global leader in building internet communities, signed a memorandum of understanding (MOU) on digital education with the leading Russian B2B-platform for cross-border e-commerce, Global Rus Trade, at the BRICS Business Council Midterm Meeting in...
Jiji, Nigeria’s classifieds marketplace has reached an agreement with OLX to redirect OLX users in Nigeria to Jiji and to acquire OLX businesses in Ghana, Kenya, Tanzania, and Uganda. The transaction is supported by one of Jiji’s principal investors,...
March 15, 2019 •
Retail, West Africa •
Fundi Maseko •
Comments Off on Konga migrates to Intel Retail Accelerator Programme
Nigerian e-commerce site, Konga has announced that it has migrated to the Retail Accelerator Program of global technology company Intel, thereby becoming the first e-commerce company in sub-Saharan Africa to achieve the feat. Konga’s elevation to the...
As we approach the third month of 2019, some interesting trends are being predicted and already seen, in the retail and online market segment. Considering that December – usually an important sales month – was a tough one for SA retailers, keeping ‘on...
February 24, 2019 •
Retail •
Danielle Kruger •
Comments Off on Retailers see triple-digit gains
Thirty-five percent of shoppers feel today’s brands do not care enough about personalising their shopping experiences. However, when retailers do invest in personalisation it pays. This is according to a Total Economic Impact (TEI) study conducted by...
Goodwell, the pioneering investment firm whose focus is in fintech, financial inclusion and growth in firms providing essential goods and services has invested $2million into Copia, a Kenyan e-commerce venture. Copia makes it easier for underserved consumers...
Shoppers on South African online marketplace bidorbuy.co.za are about five times more likely to buy a second-hand laptop than a new one. “In many cases, it makes sense to buy pre-owned laptops, because they are much cheaper, and often can perform...
In 2018, Huawei announced plans to launch its first public cloud datacentre in Africa, however there was mention of location nor exact date of the launch. In a recent statement issued by Huawei, the company confirmed the launch to happen in March 2019 and...
February 12, 2019 •
Retail •
Danielle Kruger •
Comments Off on The future of e-commerce in Africa
At present, e-business in Africa remains a challenge. It may be better than it ever has been, but the truth is that lower literacy and internet penetration levels continue to limit the growth on the continent. However, this will not remain the status quo for...
February 11, 2019 •
Finance, Top Stories •
Neo Sesinye •
Comments Off on Fintech’s adoption will continue to revolutionise the postal landscape in 2019
Two years ago, Australia Post entered into a joint venture with a company to offer local businesses a single platform to access e-commerce products and other services. Post office branches in the UK offer customers access to the majority of all UK current...
February 8, 2019 •
Finance, Top Stories •
Fundi Maseko •
Comments Off on The challenges and future of e-commerce in Africa
At present, e-business in Africa remains a challenge. It may be better than it ever has been, but the truth is that lower literacy and internet penetration levels continue to limit the growth on the continent. However, this will not remain the status quo for...
January 31, 2019 •
Finance •
Fundi Maseko •
Comments Off on SWIFT to open gpi to e-commerce
SWIFT announces a proof of concept (PoC) to trial gpi Link, a gateway to interlink e-commerce and trading platforms with SWIFT gpi – the new standard in cross-border payments. gpi Link will seamlessly connect gpi members to multiple trade platforms thereby...
January 15, 2019 •
Events, Top Stories •
Danielle Kruger •
Comments Off on Explore the future of retail at Digital Retail Forum 2019
There is so much more in store for the African retail industry. According to research conducted by PWC, many sub-Saharan African countries have emerged among the world’s fastest-growing economies. This kind of development is due, in part, to a great deal of...
DealDey, Nigeria’s e-commerce platform has closed its business in December 2018 and has let go of its workers. In 2015, the company raised $5 million in a Series B funding from Kinnevik which was its original investor. After raising funds, the company laid...
