More and more merchants are building loyalty rewards into their business strategies and upgrading to new, integrated loyalty systems. The global loyalty program market is projected to reach more than $142 billion in 2022 and more than $225 billion by 2026. Merchants are willing to make those investments because they’re sold on these benefits of a loyalty
Absa Group Ltd. today announced the appointment of three Group executives, with effect 1 January 2023, signalling further progress in its ambition to create a winning, talented and diverse team. “The appointments build on the positive momentum that was achieved through Executive Committee changes and operating model refinement earlier this year,” said Absa Group Chief
Retailers across all sectors are seeking applications to improve customer service, expand in-store touchpoints and future-proof operations Deployments increase across all sectors There were 8.7 million POS software installations globally at major retail and hospitality operators as of June 2022, according to Global POS Software 2022, the latest study by strategic research and consulting firm
PayBox is a fast growing African fintech start-up cross-border mobile growth engine enabling easy access to offline and online digital payment and business solutions. African tech innovators at the recent Africa Money & Defi Summit in Accra, Ghana proved that they are at the forefront of change on the continent, from fintech to agritech. “Africa
Network International, the leading enabler of digital commerce across the Middle East and Africa (MEA), has announced its new Ghana office and datacentre. This launch will offer innovative solutions that drive revenue and profitability to customers and help businesses and economies prosper by simplifying commerce and payments in the Ghana market. This announcement was made
Mastercard’s partnership with payment gateway, PayFast, increases Priceless possibilities by supporting SMEs within the PayFast ecosystem Consumers who pay using their Mastercard card, Masterpass or any other Masterpass-enabled banking app at any PayFast online checkout point stand a chance to win R10000 For the second consecutive year, Mastercard and PayFast have partnered to support SMEs,
The South African payments industry can expect steady, if cautious growth over the next year. However, like the general economy, much of the growth shareholders are looking for will depend on a stable macro environment and good access to skills, says global Payments-as-a-Service specialist, Network International. The Boston Consulting Group anticipates global payment revenues to
Big ticket items and new payment methods deliver surprising data Black Friday and Cyber Monday came and went with a positive bang and a bag full of surprises, despite the concerns of pressure exerted by inflation and loadshedding. Chairperson of the ECommerce Forum of South Africa (EFSA) and PayU CEO, Karen Nadasen, shared, “Following trends from
By: Andy Jury, Group CEO of Mukuru In years gone by, pages such as these have been awash with articles and opinions about fintechs and their potential to drive financial inclusion and improve the lives of millions of unbanked and underserved communities. While these opinions have been crucial in raising awareness, the discussion should now
Digital banking has exploded and people have become far more comfortable with the idea of doing their banking from anywhere, and at any time. According to a 2021 McKinsey report on digital banking, nearly nine in ten consumers across emerging and developed markets are actively using digital banking. Most of them are engaging with banking
