According to estimates from McKinsey, SMEs make up an enormous 98.5 percent of all businesses in South Africa. “As the engines powering our economic growth, the challenges as well as the triumphs within the sector reverberate across the entire economy,” says Zunaid Miya, Managing Director of local fintech company, Hello Pay. The health of the
The traditional banking model is not dead yet. But in the meantime, the payment ecosystem is opening up, and new business models based on embedded finance are taking shape. Celent, a leading industry research and advisory firm focused on technology for financial institutions, recently has conducted research to find out what embedded finance means for
MoData, a leading provider of innovative, intuitive and intelligent digital business solutions for the financial services, insurance, telcon and retail sectors, has announced a collaboration with Resistant AI to help financial services safeguard themselves and customers against fraud. Resistant AI uses artificial intelligence to help financial services companies combat fraud and financial crime. The partnership
The global self-ordering kiosks market is booming, with both international and local chains rushing to invest in the technology Where McDonald’s led, many now follow RBR’s brand new report Global Self-Ordering Kiosks 2022 reveals that installations reached more than 240,000 as of June 2021. The study, which analysed projects by more than 100 vendors across
Leading payment solutions provider, Netcash, has invested in a grid-tied solar energy solution in line with its drive to reduce carbon emissions and operate more sustainably. IMPOWER, a vertically integrated energy company, was the contractor responsible for engineering, procurement, and project management for the solar installation. The system comprises 162 solar photovoltaic (PV) modules installed
Fiserv, Inc. has announced the expansion of its relationship with UnionPay International, a wholly owned subsidiary of China UnionPay, one of the world’s largest payment networks. The collaboration will allow UnionPay to grow on a global scale by facilitating the issuance of virtual and physical UnionPay cards across international markets. Additionally, UnionPay will leverage the
In a move that will see enhanced financial services for people in Egypt, Mastercard and Egyptian fintech Kashat have signed a five-year agreement that will digitize the onboarding, disbursement, and collection processes for MENA’s first nano financial service provider. Kashat will now be able to issue prepaid cards to users and offer them safe and
Equity’s Brand Strength Index (BSI) of 90.8, is only 3.2 basis points away from the strongest banking brand in the world Equity has been assigned a Brand Strength Rating (BSR) of AAA+ on par with the strongest banking brand in the world The Bank is the only new entrant among the top 10 strongest banking
For most people, the ability to create and preserve wealth for the benefit of future generations is one of the key measures of true financial success. It’s also one of the most difficult aspects of wealth creation and management to get right. That is why successful wealth creators benefit from partnering with experienced family governance
NCR also has the largest share of POS software installations in restaurants globally, accounting for 25% of software installations, four points greater than the nearest competitor. “NCR is the restaurant software provider of choice, and the only one with the global reach and scale to provide everything restaurants need to run their operations from end
