The Absa Group Board and the Group Chief Executive, Daniel Mminele have come to an agreement pursuant to which he has stepped down as a director and Group Chief Executive and will be leaving the group with effect from 30 April 2021. The parties have not managed to achieve alignment in relation to the group’s
Building the Intelligent Future of Payments Interview with N. Sathish Dy CPO, FSS Retail Payments Can you elaborate on the role of AI in payments? Globally, financial institutions have accelerated digital business transformation programs for long-term growth and profitability. Embedded AI is at the heart of this digital transformation and its applications are gaining momentum
Quadrant Knowledge Solutions has named CR2, the Digital, Self-Service and Payments solutions provider, as technology leader following the publication of their SPARK Matrix: Digital Banking Platform 2021 Report. The research included comprehensive research and in-depth analysis of the major market vendors – evaluating their product portfolio, market presence and customer value proposition – then ranked and
FIS continues to drive global eCommerce with domestic acquiring capabilities in high-growth regions of Southeast Asia and Africa. Through its Worldpay product portfolio, FIS will bring new payment options to merchants and eCommerce providers across these new regions. Expansion is part of company’s plans to enhance its merchant acquiring presence in additional markets. Continuing to
By Paul Adant, Solutions Architect at Netcash As South Africa’s payment system sunsets cheques and accelerates its move away from cash, consumers and businesses are looking for convenient and simple instruments for bill payments. However, the payments ecosystem has grown more complex over the years, with payments providers and banks offering a dizzying array of
FSS (Financial Software and Systems), a globally leading provider of integrated payment products and India’s largest payments processor, and NPCI International Payments Ltd (NIPL, International arm of National Payment Corporation of India), have signed a strategic partnership to expand UPI (Unified Payment Interface) rails in international markets. India is among the first countries globally to
By: Vinod Madhavan, Head of Trade at Standard Bank Group Africa’s policymakers need to ensure that the momentum behind the African Continental Free-trade Area (AfCFTA) is not lost following the trading bloc’s launch in January. This initiative could act a much-needed stimulus for the continent’s economies in the wake of the COVID-19 crisis. Signed in
With international investment in South Africa having drastically reduced, homegrown fintech startup Payflex has scored a significant vote of confidence from an Australian-listed multinational. Payflex is backed by Zip Co Limited (ASX: Z1P), a buy now pay later player with a market cap of over R55 billion. Paul Behrmann, Payflex CEO and founder, says the
FSS (Financial Software and Systems), a globally leading provider of integrated payment products and India’s largest payment processor, announced new enhancements to FSS Merchant Hub to maximize the value of the acquirer ecosystem for merchants through support for new transactional journeys and superior merchant service FSS Merchant Hub is a unique merchant support system, designed
Transition will reduce CO2 emissions by 161 tonnes a year, and save 73 tonnes of plastic per year HSBC is announcing a new programme to introduce sustainable payment cards across all its global locations. By the end of 2026 it will eliminate single-use PVC plastic, in favour of recycled PVC plastic (rPVC). The programme –
