Standard Bank Personal and Private Banking has announced a big increase in its green solution funding today. The bank has led a concerted effort to disburse funds to individuals in South Africa for installing solar solutions or purchasing ‘green-aligned’ homes. Year to date the bank’s consumer green lending book has grown by over 26% to
Scan to Pay, powered by Ukheshe, the largest QR payment ecosystem in South Africa, is thrilled to announce a significant expansion of its voucher system. This new phase introduces the ability for South Africans to purchase and share Scan to Pay vouchers directly via the app, giving shoppers access to an impressive network of over
Direct Transact, the largest independent provider of banking and payment solutions for banks and brands in South Africa, has teamed up with open banking platform and fintech marketplace, FutureBank, to further accelerate its technology platform capabilities. The partnership will facilitate the rapid rollout of embedded finance in Sub-Saharan Africa. Embedded finance is the fintech practice
South Africans have become used to excellent in-app security when it comes to banking and other online transactions. Looking ahead, passkey technology will mean we could soon enjoy the same unphishable, biometric-based solution in the browser, boosting consumer confidence and helping foster digital adoption. “As banking apps have become more secure, fraudsters have naturally looked
The local fintech bubble may have burst, with valuations becoming much lower as investors look for profitability and maturity instead of growth prospects, but there is still a lot of capital available. And for those ahead of the curve, there’s no slowing down, says Clayton Hayward, CEO at Banking as a Service (BaaS) and embedded
Johannesburg – In a monumental move for the South African card ecosystem, BankservAfrica has been appointed by UnionPay International (UPI) as its domestic on-soil processor to fast-track affordable, accessible and innovative card payments for South Africans. “BankservAfrica has built a solid reputation as Africa’s largest Automated Clearing House and the banking sector’s trusted clearing partner.
The Head of Sales and Partnerships for pan-African payment infrastructure company, Kora, Adetola Oloke, has highlighted the crucial role of fintechs in driving financial inclusion across Africa, at the Africa Fintech Summit 2023, recently held in Lusaka. During a panel session titled “Fintech in every industry: agriculture, healthcare, mining, and utility,” Oloke shed light on
Sathapana Bank has migrated from several disparate CMS and switch systems into a single infrastructure powered by Way4, OpenWay’s best-in-class digital payment software platform. This platform has simplified operations and technical support for the bank’s payments business. The Way4 technology stack, featuring end-to-end online payment processing functionality and a rule-driven, digital-first approach, has enhanced the
By Clinton Leask, Business Development Lead, Pay@ Education is a cornerstone of our country’s future success, yet the burden of tuition fees, combined with the current cost-of-living crisis, are the cause of a great deal of stress and anxiety for parents and students. At the same time, student debt is a worrisome burden for tertiary
Africa is one of the fastest growing FinTech markets with revenue forecasted to grow 13 fold to $65-billion by 2030. In addition to the revenue opportunity, FinTechs play an important role in developing the region’s economy and improving the lives of African people by revolutionising the financial sector. Two new reports from Boston Consulting Group
