Entersekt Awarded New Patent for Frictionless Multi-Factor Authentication

Entersekt, the financial authentication company, continues its trailblazing innovation in the fight against financial fraud with its 99th software technology patent application being granted by the US Patent office. Entersekt was recently awarded a new patent for its approach in enabling frictionless, multi-factor authentication (MFA) – US granted patent “Frictionless SCA (Strong Customer Authentication).” This

Tymebank and Ikhokha Team up to Unlock Better Business for South African SMEs

The ability for small businesses to accept payments on a smartphone has been revolutionary for businesses of all sizes. Tap-on-phone technology, although in its early days, has the potential to play a key transformative role in driving financial inclusion throughout Africa. As South Africa’s biggest digital bank, TymeBank announced the migration of their Tap-on-Phone customer

How Technology Is Revolutionising Payment Reconciliation for Retailers – Ecentric

By Graham Bradford, Senior Product Manager at Ecentric As retailers grow into mid-market size and beyond, the complexity and cost of manually reconciling payments increases almost exponentially because there are hundreds of thousands, if not more, transactions a day. Most retailers in this segment reconcile their payments with spreadsheets and many can’t expect a view

Paymentology Celebrates 20 Years of On-Soil Processing in Africa

Paymentology’s cloud-first card issuing, and analytics platform commemorates 20 years of supporting the growth of Africa’s fintech, retail and corporate sectors through its on-soil processing payments solutions and enhanced tokenization services Paymentology, a leading global issuer-processor, today announces its 20-Year anniversary of dedicated on-soil processing and strategic investment across the Africa region. Paymentology originated in

National Bank of Ethiopia Consults on National QR Code Standardisation

The National Bank of Ethiopia today hosted a meeting to review and consult on the standardization document for national digital payment QR codes. Organized in partnership with Ethswitch, the event saw participation from key representatives of banks, PII, and POS, engaging in constructive dialogue. This initiative aims to streamline the consumer experience by focusing on

Why Reliable Collection and Payment Is Indispensable for SMMEs – Amplifin

Small and medium-sized enterprises (SMMEs) often navigate challenging waters. These enterprises are the backbone of our economy, driving growth, innovation, and job creation. However, they may face financial fluxes, making optimising every aspect of their operations essential. One such aspect that deserves attention is payment collection. Steven Maier, Chief Brand Officer at Amplifin, South Africa’s

Ikhokha Surpasses R2bn in Working Capital Disbursements to South African SMEs

iKhokha, the KZN based fintech who recently picked up the MTN Financial App of the Year Award, has announced that they have surpassed the impressive milestone of disbursing more than R2bn in working capital to their SME customer base, in partnership with Retail Capital, now a division of TymeBank. “In a tough South African economic

Traderoot and Wemvula Partner to Deliver Revolutionary PayedNow Solution

South African Fintech companies Traderoot in collaboration with Wemvula today announced a partnership that will see the two entities bringing the revolutionary PayedNow instant payment solution to the local market. PayedNow is a pioneering solution under the umbrella of Wemvula Fintech, that has been developed with the specific aim of bridging the gaps that traditional

In the Race to Digital Wallets, Don’t Forget Cash – Mukuru

Success in the digital payment space will hinge on the ability of new players and incumbents to converge the physical and digital experience into a seamless continuum for the customer. Extending the digital solution to a cash-based customer requires a “phygital” approach, writes Juan Seco, Chief Growth Officer at Mukuru. Digital wallet use, especially in

Finverity Announces Strategic Executive Appointments to Drive Next Phase of Growth

Finverity, the trade and supply chain finance digital ecosystem, today announced significant changes to its executive team, providing the company with operational excellence as it prepares for its next growth phase. Symmie Swil, with her impressive track record in business banking, has been promoted to the role of Chief Operating Officer (COO), while Alex Fenechiu,