Nestlé, Nomanini and Standard Bank Partner to Solve the Stock Needs of Africa’s Underbanked Informal Retail Traders

Posted on by Staff Reporter | 10839 Views | 13 min read

The informal economy in sub-Saharan Africa accounts for 38% of the region’s GDP[1]. What’s more, according to the International Labour Organization, retail and wholesale is the second biggest employer across the region after agriculture. However, informal retail Micro, Small, Medium-sized Enterprises (MSMEs) are largely underserved and underbanked. Plus, they face a distinct challenge: their scarce

Visa brings Digital Payments and Exclusive Experiences to the TotalEnergies AFCON 2021 in Cameroon

Posted on by Staff Reporter | 20996 Views | 12 min read

Visa, the exclusive digital payment service provider of the TotalEnergies Africa Cup of Nations (AFCON) 2021, is marking this year’s competition in Cameroon by creating new one-of-a-kind experiences for cardholders and football fans and looking to further help expand access to the financial system in Africa. Visa is a global payments technology company that connects the world

Proparco and Absa join forces to support SMEs impacted by the Covid-19 crisis

Posted on by Staff Reporter | 8574 Views | 11 min read

Proparco is collaborating with South Africa’s third largest bank by assets, Absa Bank Limited, by granting it a senior loan of $20 million to contribute to its support plan for Corporate SMEs in the context of the continuing Covid-19 crisis.  South Africa’s small and medium-sized enterprises (SMEs) represent more than 98 percent of all businesses,

Fintech Review and Predictions for ‘22 by Premier SA Fintech Investor

Posted on by Staff Reporter | 7224 Views | 28 min read

Fintech has gone mainstream and is no longer a niche sector.  There are now over 26,000 fintech companies globally that employ half a billion people. The pandemic has changed consumer behaviour substantially, with 30% of banking consumers now using app banking and 64% of consumers using one or more fintech platforms. The future of fintech

PCI Security Standards Council Updates Card Production and Provisioning Security Standard

Posted on by Staff Reporter | 15453 Views | 8 min read

Version 3.0 to Improve the Secure Manufacture, Production and Delivery of Payment Cards Today the PCI Security Standards Council (PCI SSC) announced the availability of the PCI Card Production and Provisioning Security Requirements version 3.0. The updated standard helps payment card vendors secure the components and sensitive data involved in the production of payment cards, protecting

5 Fraud Solutions Every Financial Institution Should Have In Place

Posted on by Staff Reporter | 8923 Views | 30 min read

The growth in digital banking and e-commerce, spurred on by the COVID-19 pandemic, provides fertile ground for fraudsters and money launderers to commit crimes anonymously. Fraud and Cybercrimes thought leader, Clive Gungudoo, MoData’s Director of Financial Crimes and Risk Management, highlights five essential controls organisations need to put in place to protect their digital customer

Adopt an Agile Digital Banking Platform: Improve Innovation, Create New Value and Increase Profitability

Posted on by Staff Reporter | 11363 Views | 7 min read

The report looks at how niche markets push banks to innovate – to go beyond supporting basic and necessary banking transactions – on the same digital banking platform CR2’s latest market insight report, ‘Adopt an Agile Digital Banking Platform’ has been written in collaboration with Stessa Cohen (www.pivotassets.co), an internationally recognised expert on the digital

Fintech Introduces New Online Payment Gateway for Small Businesses

Posted on by Staff Reporter | 25848 Views | 14 min read

In 2020, the South African e-commerce market grew by 66% and is now expected to be valued at R225 billion by 2025. As small businesses make the move into digital commerce, so begins the search for online payment methods that can offer security and reliability at a rate that maintains realistic profit margins. Now, financial

Twoobii offers Point-of-Sale Connectivity with Leading bank in SA

Posted on by Staff Reporter | 11966 Views | 9 min read

One of the leading South African retail banks has selected Twoobii as its preferred satellite services supplier for POS (Point of Sale) connectivity solutions. The successful certification is the result of stringent network testing to ensure full compliance with all security and network criteria. Now that Twoobii has been certified, the way ahead is clear

Crossfin Technology Holdings acquired by a Consortium of Investors in a ZAR1.5bn deal

Posted on by Staff Reporter | 8806 Views | 40 min read

Fintech company Crossfin Technology Holdings (“Crossfin”) acquired by a consortium of investors in a ZAR1.5bn transaction (the “Transaction”). Crossfin, a leading player in the South African fintech industry, announced today it is being acquired by a consortium of investors (“Consortium”). The Transaction is considered a landmark deal in the fintech industry and will see Crossfin