RTP is scheduled to be implemented into PayShap later this year. Participating banks need to understand how this functionality benefits both them and their customers and prepare for this new phase. RTP, What is it? Not to be confused with Real-Time Payments, Request-to-Pay (RTP) is a secure message sent from the payee (creditor) to the
Ecommerce in South Africa: Retail has experienced profound transformation over the past few years, with digital platforms and ecommerce reshaping consumer expectations. However, we are just in the earliest phases of digital transformation, and SME retailers will need to be agile to keep up with emerging customer demands and new competitors. Steven Heilbron, CEO of
“What if a simple financial service could unlock Africa’s economic potential and reshape the way millions of people manage their money?” In the rapidly evolving landscape of financial technology, “Buy Now, Pay Later” (BNPL) services have emerged as a significant trend, revolutionizing how consumers make purchases. These services offer a flexible alternative to traditional credit,
Africa’s Largest Tech Merger Fuels Groundbreaking Expansion From E-Commerce to B2B Digital Services Platform African B2B e-commerce pioneers Wasoko and MaxAB have completed the continent’s largest-ever tech merger following the signing of preliminary terms in Q4 2023. Conducted as an all-stock transaction, the deal establishes a truly Pan-African platform for communities to access essential digital
Registered Mandate marks a pivotal shift in South Africa’s debit order landscape. As we transition from the Registered Mandate Service (RMS) to the Registered Mandate (RM) payment stream, businesses and consumers need to understand its impact on RM debit order processing. While the initial article discussed the challenges of this change, it’s essential to acknowledge
Mastercard Collaborates with Scale, an issuer orchestration partner, to accelerate market deployment for fintech companies across Africa and the Middle East. The collaboration will alleviate key technical and commercial barriers to entry that fintech companies, aggregators, enablers, payment service providers (PSPs) and telcos face when launching payment programs – enabling them to focus on their
Leading financial services provider, Efficient Group, is reaping the rewards of an infrastructure modernisation programme, made possible through a partnership with Braintree. Core to this move has been the consolidation of data from a multitude of financial services providers into one Efficient group database – the single view of and for the client. An initial
By Mia Odendaal, Marketing Manager at Ecentric Payment Systems In South Africa’s tech industry, significant strides have been made in recent years to drive innovation through diversity. However, the journey towards cultivating a truly inclusive and supportive environment for women is far from complete. Despite this progress, a pressing need exists for further advancements in
Paymentology. the leading global issuer-processor, today announces its connection to Mastercard leveraging Mastercard’s Cloud Edge, further advancing its comprehensive cloud-first strategy to deliver next-generation payment solutions across the globe. The new certification aligns seamlessly with Paymentology’s cloud-first approach. Mastercard’s Cloud Edge allows customers to connect to Mastercard from cloud providers of their choice and supports
Mastercard hosted its inaugural Tanzania Industry Forum in Dar es Salaam, bringing together key stakeholders and thought leaders in the fintech industry to explore the dynamic financial and technology landscape and foster impactful collaborations in Tanzania. The event underscored Mastercard’s commitment to advancing economic growth through innovative digital payment solutions and strategic collaborations in the
