Visa Acceptance Solutions Kernel in the Cloud Makes Accepting Card Payments in Africa Easier than Ever

Posted on by Staff Reporter | 3336 Views | 14 min read

In recent years, the landscape of African payments has undergone significant transformation and the demand for digital payment solutions has increased significantly. In specific markets, contactless payments have swiftly become the preferred method of payment among banked customers, following the pandemic. Remarkably, this trend endures unchanged. Several new solutions such as Tap-on-glass made their local

Pick n Pay Customers Can Now Buy Selected Products and Pay Later

Posted on by Staff Reporter | 26239 Views | 10 min read

Selected Pick n Pay formats are ushering in a new era of shopping convenience and affordability with the launch of PayJustNow, one of the fastest-growing Buy Now Pay Later providers in South Africa. PayJustNow empowers customers to split payments into three convenient instalments – through a completely digital application process – which is free of

OpenWay Report | Cross-Border Merchant Acquiring: New Technology, New Competitors

Posted on by Staff Reporter | 85392 Views | 8 min read

Download the report here. Competition in cross-border merchant acquiring is growing exponentially. Many incumbents find themselves burdened by rigid and uncoordinated legacy systems, unable to keep up with merchant expectations. They face challenges not only from startups, but also former partners, as ISVs transition into payment facilitators, ISOs evolve into processors, and PSPs transform into

Visa’s Digital Authentication Framework and Mastercard’s Token Authentication Framework: Getting set for this seismic shift in the payments landscape

Posted on by Staff Reporter | 66549 Views | 22 min read

Over the past few years, the evolution of standards such as 3D Secure 2 (3DS2) and regulations such as the Strong Customer Authentication requirements in Europe’s Payment Services Directive 2 has helped to contain the growth of card-not-present (CNP) fraud. Yet with online transactions growing at a rapid rate, the payments sector can’t afford to

Amplifin Launches Heavyweight Solution for Small to Medium Business

Posted on by Staff Reporter | 10974 Views | 18 min read

In the dynamic business landscape, growing enterprises encounter an escalating array of challenges that demand innovative solutions. Amplifin recognises that as businesses expand, their concerns multiply – from financial intricacies to operational complexities. The organisation understands that these enterprises require access to cutting-edge technologies, akin to those embraced by larger corporations, but without the financial

Visa Acceptance Solutions Kernel In the Cloud Makes Accepting Card Payments In Africa Easier Than Ever – Ukheshe

Posted on by Staff Reporter | 3374 Views | 14 min read

In recent years, the landscape of African payments has undergone significant transformation and the demand for digital payment solutions has increased significantly. In specific markets, contactless payments have swiftly become the preferred method of payment among banked customers, following the pandemic. Remarkably, this trend endures unchanged. Several new solutions such as Tap-on-glass made their local

Building Trust in Financial Markets: Whitepaper Explores Data-Driven Transparency and Compliance in Key Sectors – Global Voice Group

Posted on by Staff Reporter | 20271 Views | 12 min read

Mobile money and remittances will continue to dominate Africa’s economic development if they are supported with tools to boost data-driven transparency and compliance, according to a new whitepaper, released today, by Global Voice Group (GVG), a global provider of ICT and RegTech solutions for Governments and regulatory bodies. Data from the World Bank shows that

South Africa: How Banks and Fintechs Can Encourage Participation In the Digital Economy – Compass Plus Technologies

Posted on by Staff Reporter | 21376 Views | 19 min read

By Patrick Mowatt, Compass Plus Technologies Financial inclusion is a prominent issue in South Africa; an issue that prompted the government to take action, and, in 2012, they challenged the financial sector to achieve 90% financial inclusion by 2030. Fast forward a decade and financial inclusion in the country is no longer an issue of

Postbank Restores SASSA Payment Services

Posted on by Staff Reporter | 120331 Views | 3 min read

The South African Social Security Agency (SASSA) acknowledges notice from the PostBank regarding resumption of payment withdrawals or transactions following technical challenges experienced by social grant clients on payment days on 05 and 06 September 2023. Clients can now enjoy the use of the SASSA/PostBank cards to make purchases and payments. Clients using the SASSA

Harnessing the Power of Data to Drive Financial and Economic Inclusion – Mukuru

Posted on by Staff Reporter | 8470 Views | 16 min read

By Sandy Rheeder, CIO at Mukuru The modern world has moved towards digitisation, yet a significant gap remains in terms of financial and economic inclusion, particularly in Africa. Despite this, there is a substantial opportunity to harness the power of data to bridge this gap and further the cause of economic and financial inclusion. The