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American Express Launches vPayment in South Africa

American Express has launched vPayment in the South African market, offering travellers and travel agents a safe, simple and reliable way to pay for their travel bookings. vPayment controls and streamlines Read More →

Tribunal Approves Merger Whereby Absa Bank Acquires Société Générale SA

The Tribunal has approved a large merger, without conditions, whereby Absa Bank Ltd (Absa) seeks to acquire Société Générale SA (SocGen) Johannesburg branch in respect of target assets. Absa is a Read More →

Visa and Western Union to Bring Speed, Simplicity and Transparency to Global Payments

New collaboration to modernize global money movement for expedited cross-border money transfers.

Visa has announced a new strategic agreement with Western Union, a global leader in cross-border, Read More →

WorldRemit Launches New Product for Business Payments to South Africa

Through the WorldRemit website and app SMEs can now quickly and securely transfer money to pay employees and contractors in 140 countries including South Africa.

Leading digital money transfer Read More →

Half the World’s Population to Use Digital Wallets by 2024, Juniper Research Study Finds

A new study from Juniper Research has found that the number of people using digital wallets will increase from 2.3 billion this year to nearly 4 billion, or 50% of Read More →

GCB Bank Makes Strong Showing Despite Industry Challenges

The MD of GCB Bank, Anselm Ray Sowah has stated that GCB’s strong performance has increased significantly despite the challenges in the banking industry. He explained that the Bank had Read More →

Standard Bank Introduces New Bank Account – MyMo

Standard Bank is leveraging its digital capabilities to create superior digital platforms that enhance customer experience and enable easy and affordable access to banking services. As part of this, the Read More →

EMVCo Publishes EMV Secure Remote Commerce (SRC) Specification v1.0 and Payment Icon

The specification enables the creation of a virtual payment terminal and the icon facilitates easy consumer recognition of remote-checkout environments that offer a consistent card-based payment acceptance experience.

EMVCo Read More →

SWIFT Selected as a Network Service Provider to all TARGET Services

SWIFT has been awarded the license to offer connectivity services to all Eurosystem market infrastructures via the European Single Market Infrastructure Gateway (ESMIG).

SWIFT has announced that it has Read More →

EY Global FinTech Adoption Index Finds Over Half of Global Consumers use FinTech

  • US consumer adoption has grown 29.5% in the last four years
  • 96% of global consumers are aware of at least one money transfer and payment FinTech service
  • One-quarter of Read More →

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