Nedbank Limited, has selected Oracle FLEXCUBE to modernize its infrastructure and improve operating efficiency and customer service delivery. To help consolidate business operations and enhance the customer experience, Nedbank Limited will deploy Oracle FLEXCUBE to establish a single operating platform for its multi-country operations across five South African countries – Lesotho, Malawi, Swaziland, Namibia and
Fortinet has published new research that shows where SME retailers stand in regards to compliance regulations, security policies and new technologies that help manage big data and security infrastructure. Based on findings from an independent US-based survey, of 100 SME retail organisations with less than 1 000 employees, the survey revealed a majority of retailers
ReD, a fraud prevention provider, has announced a new four year agreement with South African headquartered payment gateway, Setcom. The agreement will make ReD’s industry leading ReD Shield fraud prevention solution available to Setcom’s global merchant base, as part of an integrated fraud and payments offering. The partnership will allow Setcom to offer ReD’s proven
WorldPay, a payment processing, risk and alternative payments has launched ‘Your Global Guide to Alternative Payments (Second Edition)’, an in-depth study of the global payment landscape. The study found online purchases made using alternative payments (any form of payment other than credit or debit cards) will rise to 59% in 2017 from 43% in 2012.
MasterCard and the Inter-American Development Bank (IDB) have recently signed a keystone agreement, as announced at the World Economic Forum in Davos, Switzerland, to work together in an effort to improve economic inclusion, transparency and financial formalization through the expansion of electronic payments in Latin America and the Caribbean (LAC). The five-year public-private partnership is
ATMIA has posted a response to a January 8 open letter by MasterCard, signed by North American Markets President Chris McWilton, that affirmed there would be no changes to the liability shifts set out in MasterCard’s EMV roadmap. The letter claims that a delay in the liability shift dates would “potentially increase the U.S.’s disproportionate
Shoppers in Tanzania’s Uchumi supermarkets can now pay for their goods using cash or mobile money transfer platform M-Pesa after the retail chain entered into partnership with Vodacom Tanzania. Commenting on the partnership with Uchumi, Vodacom Tanzania chief officer of sales Hasan Saleh said the partnership will improve convenience for shoppers while the use of
As global smartphone penetration increases, so does Kenya’s mobile content and commerce activity. The infographic below comes from txtNation, who recently launched their Kenyan mobile billing solution, using Premium SMS. Kenya has seen some of the fastest growth in mobile commerce, with a 97% increase in 2013 and an impressive 77% of internet-enabled mobile phone
Back in December 2010, when the eCommerce opportunity in Zimbabwe was all but invisible, a startup launched with a name all too obvious – zimazon.co.zw. They were going to be the Amazon.com of Zimbabwe and the market not being ready with things like payment systems wasn’t going to stop them. Their bet was on cash on
The recent merger of Bytes Technology Group (BTG) and Altech, has led to the establishment of the Technology Multimedia Telecoms (TMT) Division of Altron. Together, BTG and Altech are set to change the face of the financial administration of local government. The bringing together of these two established technology companies has allowed for the rapid
