PAYM8 | DebiCheck is Here, But What if you Haven’t Planned for it?

On 1 November this year, South Africa welcomed the introduction of the DebiCheck payment system to tighten measures against debit order fraud and abuse. But as with many new policies and procedures, there has been adoption, but it is far from universal. According to Andrew Springate, CEO of PAYM8, a technology and financial gateway service

FNB Expands Solutions on Platform with Fibre for Business and Software Vouchers

FNB’s mobile virtual network operator, FNB Connect, has partnered with Vox Telecom to launch a fibre solution to help SMEs with their telecommunications needs. FNB Connect is also introducing new software vouchers, including Microsoft 365 and antivirus solutions such as McAfee and Norton, that FNB and RMB Private Bank customers can access via their banking

Financial Inclusion on the Agenda as Mukuru Card Customers Can Now Make Online Purchases

Mukuru, one of the largest remittance companies in Africa and a leading next generation financial services platform, has announced that its Mukuru Card has been activated for online purchases in South Africa, allowing holders of the card to take part in the eCommerce revolution even if they don’t hold traditional bank accounts. Mukuru CEO Andy

South African Retailer, Woolworths South Africa, Ramps up Store Innovation With Flooid

The Flooid Unified Commerce Platform provides cornerstone for future innovation across Woolworths South Africa stores and restaurants Leading sub-Saharan African retailer, Woolworths South Africa, has completed an overhaul of its store Point of Sale system with global unified commerce platform provider, Flooid, to support long-term technology plans. During the past 24-months, Woolworths SA has fully implemented new

Digitalization Readiness Key to Unlocking SME Growth Potential in Middle East & Africa, says New Mastercard White Paper

SMEs say digitalization is essential to staying competitive in a transformed business and economic environment White paper follows release of Mastercard MEA SME Confidence Index 2021 Market insights for the UAE, Saudi Arabia, Egypt, Nigeria, Kenya, Ivory Coast and South Africa reveal a blend of diverging perspectives and widespread agreement on key benefits of a

SWIFT’s ISO 20022 Services for Cross-Border Payments Ready for Customer Testing with Launch of In-Flow Translation

–              Complete environment ready for customer testing –              Available 12 months before migration period begins –              Suite of test services includes network-based ISO 20022 to MT (‘in-flow’) translation –              Production services will support the industry’s adoption of the new standard SWIFT today announces the availability of its new In-flow Translation service and confirms that it

SA Fintech Entersekt Attracts Investment from US Private Equity Firm

Entersekt, a global payment security company headquartered in Cape Town, today announced a strategic investment from Accel-KKR, a leading technology-focused private equity firm. The investment will enable Entersekt to accelerate its roadmap and fuel expansion into new markets. Rand Merchant Investment Holdings (JSE: RMI) through AlphaCode, RMI’s incubator for fintech entrepreneurs has led two previous

Cryptocurrency Year in Review – Several Firsts

The world of crypto in 2021 was buoyed by a number of high profile institutions and businesses investing in crypto at far greater scale than previously seen, driving crypto’s evolution into what is now a multi-trillion dollar asset. Bitcoin and Ethereum, the two largest cryptocurrencies by market cap, recorded new all-time highs and El Salvador

eftsure Africa | Payment Fraud – Top Five Scams to look out for

The truth is, all businesses are at risk of being scammed at some point, and just one incident can cost a company millions of Rand. Ryan Mer, CEO, eftsure Africa, a Know Your Payee™ (KYP) platform provider, says that fraudsters are constantly finding new ways to exploit vulnerabilities and attack corporate payment systems and it’s

Mastercard and Jordan Kuwait Bank Launch First World Elite Biometric Credit Card in Middle East & Africa

Mastercard and Jordan Kuwait Bank (JKB) have partnered to launch the Jordan Kuwait Bank Biometric World Elite Mastercard – the first commercially-available Mastercard biometric card in Jordan and the first World Elite card in the Middle East and Africa region to feature biometric authentication Benefiting from Mastercard’s industry-leading technology, Jordan Kuwait Bank cardholders will be