The World Bank estimates that small businesses constitute 90 percent of all businesses worldwide. In sub-Saharan Africa alone there are 44 million small businesses, with small and medium-sized enterprises (SMEs) accounting for 60 percent of jobs. In South Africa there are approximately 3.2 million SMEs, which make them the backbone of the economy with a
Capital Banking Solutions and Myriad Connect are excited to announce a strategic partnership aimed at combining their technologies in an open innovation approach to strengthen digital services in Africa. This partnership enables the integration of the USSD service as a native channel in CapitalBanker MFI, a digital platform that is both scalable and innovative. Thanks
Payments infrastructure company Stitch to offer all available direct bank APIs as part of its Pay by bank solution, including Absa Pay, Capitec Pay and Nedbank Direct EFT Payments infrastructure company Stitch today announced that it will partner with Absa, one of South Africa’s leading banks, to make the newly launched Absa Pay available to
Paycorp, a global leader in payment solutions, continues shaping the future of payments across Southern Africa, Central and Eastern Europe, and the UK. With over two decades of experience, Paycorp stands as an acknowledged innovator, leveraging a collaborative and integrated ecosystem, blending expertise, reliability and agility in transaction processing, cash management solutions, value-added services like
We are delighted to find individuals and organisations who truly understand the benefits of using QR Codes to trigger many customer experiences, from loading websites to executing payments between consumer and merchant. Zapper has been doing the latter since its inception in 2013, and its popularity rose significantly in the early years when the novelty factor
Kazang, the micro-merchant division of JSE-listed fintech company Lesaka Technologies, has partnered with Masifunde Training and Development to provide employment opportunities for disadvantaged youth and contribute to the development of South Africa’s future workforce. This collaboration aims to empower young individuals from underprivileged backgrounds by equipping them with the necessary skills and knowledge to succeed
Paymentology the leading next-gen global issuer-processor, today announces its partnership with Mama Money, one of Africa’s leading cross-border money transfer operators, and Access Bank, to launch a pioneering new bank card service that stands out for its innovative use of WhatsApp banking. Through its integration with WhatsApp, the Mama Money Card allows you to transfer
Born and raised in the vibrant and resilient community of Soweto, Percy Maphologela’s journey from a disadvantaged background to becoming the 24-year-old founder and CEO of a revolutionary fintech firm, is nothing short of inspirational. Maphologela’s groundbreaking fintech business, stands at the forefront of innovation and harnesses the power of artificial intelligence (AI), asset tokenisation,
Stanchion Payment Solutions is entering its 23rd year, evolving its role to bridge the gap between existing technology capabilities and the market demand for digital transformation. Their expertise lies in providing technical skills around payment switches and card-management platforms, leveraging a global network of experts. Stanchion’s strategy focuses on enabling agile change on core tech
Financial institutions in EMEA, APAC, and USA agree on the two common barriers to the full potential of GenAI: “too much complex infrastructure” and “data quality and access”. However, both barriers are eliminated for companies that can integrate GenAI with their data-rich, real-time payments processing platform like OpenWay’s Way4. Nexi, the pan-European acquirer serving two million merchants, is positive
