Mastercard Partners with Hellopay to Bring Contactless Payments to South Africa’s Informal Economy

Posted on by Staff Writer | 4751 Views | 15 min read

Hellopay to roll out Mastercard Tap on Phone technology, enabling small businesses to accept contactless payments using their NFC-enabled Android phone Hellopay, South African payments facilitator and the financial services arm of the Hello Group, and Mastercard today announced a partnership to roll out SoftPOS – a contactless acceptance solution that turns any NFC-enabled Android

Top Egyptian Bank Selects Temenos to Transform Digital Banking in Egypt

Posted on by Staff Writer | 4343 Views | 17 min read

Temenos’ digital banking platform will help Suez Canal Bank drive sustainable growth and financial inclusion in country where more than 40 million are unbanked Powered by Temenos Infinity, Suez Canal Bank to reimagine the digital customer experience for its retail, corporate and Islamic banking services; Temenos’ (www.Temenos.com) digital banking platform will help Suez Canal Bank

Investec Mauritius: An Out of The Ordinary Technology Journey

Posted on by Staff Writer | 4142 Views | 46 min read

How does an organisation constantly deliver client satisfaction in an era of rapidly changing needs? This is a question that Investec Mauritius has answered. Investec Mauritius has an online banking platform built around its clients’ distinctive needs, with exceptional security, easy-to-use applications and intuitive self-service all synthesising to create client satisfaction. However, this is not

GEPF Reappoints Standard Bank to Provide Master Custody and Additional Services for its R2 Trillion Portfolio

Posted on by Staff Writer | 3802 Views | 9 min read

South Africa’s Government Employees Pension Fund (GEPF), the largest pension fund in Africa, has reappointed Standard Bank to provide a comprehensive range of investor services product and service solutions for its portfolio of assets currently worth over R2-trillion. This follows the conclusion of the most recent five-year contract between the parties. Under the new agreement,

SARB | Consultation Paper on the Feasibility of Establishing a Domestic Card Scheme in South Africa

Posted on by Staff Writer | 3928 Views | 4 min read

The South African Reserve Bank recently launched a consultation paper on the feasibility of a domestic card scheme. According to their consultation paper, the purpose of this consultation paper is to obtain opinions, views, and suggestions on the feasibility of establishing a domestic card scheme and to request stakeholders to complete a questionnaire in this

Open Banking a Global Revolution in Progress, Finds Economist Intelligence Unit Report for Temenos

Posted on by Staff Writer | 3082 Views | 12 min read

● Nearly half (45%) of global banking executives are set on transforming their business models to become digital ecosystems ● Open bank hub initiatives, giving customers the option to connect their bank data with third-party providers, is the second most chosen innovation strategy globally, cited by 29% of respondents ● This independent report discusses open

Netcash, SOLIDitech Collaboration to Enhance ISP Billing and Invoicing

Posted on by Staff Writer | 3150 Views | 7 min read

Netcash and SOLIDitech have partnered to offer an automated billing and invoicing solution for Internet Service Providers (ISPs) that use the SOLID platform to automate their sales, support and service business processes. Built in South Africa, the SOLID platform eliminates manual bottlenecks in ISP processes, from sales to collections and from support to customer relationship

Digital Wallets Eclipse Cash Globally at Point of Sale for First Time During Pandemic, FIS Study Finds

Posted on by Staff Writer | 3832 Views | 15 min read

Digital Wallets Reach Maturity: Contactless payments made using a digital wallet at the point of sale globally are growing faster than those made with physical cards. COVID’s Toll on Cash: Cash payments dropped below mobile wallet payments for in-store payments for the first time. eCommerce Expands Exponentially: The Global eCommerce market grew 19 percent to $4.6 trillion and

RBR | Commercial Card Spending will See Strong Recovery Post-COVID-19

Posted on by Staff Writer | 2865 Views | 13 min read

Despite being hit hard by travel restrictions in 2020, the long-term future for the commercial card sector is bright, with spending forecast to hit new highs by 2022 More than half of commercial card expenditure is on charge cards European commercial card spending rose by 11% in 2019 to €366 billion and accounted for 8%

BankservAfrica | Getting Economies Up to Speed

Posted on by Staff Writer | 3541 Views | 13 min read

Reliable, inexpensive and ultra-fast connectivity has long been a challenge. Fortunately, this is changing in payments, explains Jenny Theunissen, Product Manager of Managed Network Services at BankservAfrica As rapid digital transformation sets in, the race continues for African economies to keep up and ready themselves for the hyperconnected world. To some extent, the COVID-19 pandemic accelerated