While thousands of South Africans travel to China each year for leisure and business purposes, transacting in the country can be a frustrating experience. The limited acceptance of other international bank cards forces travelers to first convert Rands to Renminbi and then carry that foreign currency in cash. While some credit card facilities are available,
uKheshe, a locally developed financial inclusion platform, has further enhanced its offering to the unbanked by collaborating with Mastercard to enable informal traders, street vendors and casual labourers to accept digital payments through Masterpass, Mastercard’s digital payment service. By combining their expertise and reach, the companies intend to boost financial inclusion, targeting the more than
Two years after its launch, Orange Bank is living up to its initial promise; occupying a position in the banking market with an offer that differentiates it from the competition: simple, accessible, above all mobile and regularly enriched with new services such as transfers by SMS in 2018 and the Visa Premium card in 2019.
Integration of mobile wallet with debit card a ‘holy grail’ for displacing cash, creating financial products for informal market. African fintech holding company Crossfin has made a strategic investment into mobile wallet platform My-iMali through its Crossfin Ventures angel investment arm. My-iMali, which was founded in 2018, provides lower-income consumers with the ability to transact
ATMIA today published a “Next Generation ATM Deployer Guide” to help banks and independent ATM deployers to get ready for the production of Next Gen ATMs, which will link millions of ATMs to billions of mobile phones in a new ATM ecosystem. Subtitled “Expert opinions and lessons learned during the ATM industry’s migration to NextGen
Standard Bank Group has been recognised once again for its accomplishments over the past year. This time round, the bank has secured prestigious country awards in South Africa, Lesotho, Zambia, Zimbabwe and Angola in the Bank of the Year awards for 2019. Regarded as the industry standard for banking excellence, The Banker’s (part of the
Many e-commerce entrepreneurs struggle to grow their businesses. It is important to increase your conversions to get steady revenue. Sportsbooks such as Betway strive to offer an enjoyable payment experience to their clients. It should be fast and secure. The following are three top payment technologies that you can use to increase conversions. 1. Streamlined
Travelex, a Finablr company and a market leading foreign exchange specialist, has announced a new agreement with Transaction Network Services (TNS), a leading global provider of data communications and interoperability solutions. Through the partnership, Travelex will expand the card schemes available across its 1,050-strong ATM network. The company will use TNS’ managed hosting service to
SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, has announced its partnership with Union Systems Limited, a key provider of financial software solutions and professional services to major banks in East and West Africa. The two companies together will support organisations in their digitisation strategies of post–trade environments – whether it is liquidity
ACI Worldwide has announced a global strategic collaboration with Microsoft via the Microsoft Partner Network to support the payments industry’s rapid adoption of technology deployed in the public cloud. As one of Microsoft’s top 10 global ISV partners in the financial services industry, ACI will support the company’s industry growth and extend the reach of
