Masha Maharaj, Head of Custody, Investor Services, at Standard Bank South Africa As retail and institutional investors embrace digital assets, with cryptocurrencies fast becoming a mainstream asset class and blockchain technology gaining adoption across industries, banking groups will increasingly take on the role of custodians and service providers for this growing segment of the market.
Due to the ever-increasing volume of money transfers across the globe, Remitano, a global escrow-marketplace, has just launched a smart, free, and safe approach for international money transfers. This system will allow South Africans to send and receive Rands (ZAR) from other countries without incurring the high fees charged by most traditional banks and the
…Thumbs up mobile banking (FirstMobile) and USSD (*894#) platforms By Bolaji Israel Dr Adesola Adeduntan, Chief Executive Officer, First Bank of Nigeria Limited said technology, innovation and enhanced capabilities have become necessary to achieve significant business growth in the post-COVID-19. Adeduntan made this remark on Thursday during a Digital Disruption Series webinar organised by the
Despite the many digital innovations being made in terms of cross-border payments, retailers still have an important role to play in facilitating the thousands of remittances made from South Africa each year. African retail giant, Game stores, offers cross-border money transfer services from its 120 stores nationally through several providers, including Mukuru, Mama Money, Hello
By Karen Nadasen, CEO at PayU South Africa The past year has for so many been difficult on an unprecedented scale, but there has also been some fascinating growth and resilience that deserves credit. COVID-19 has accelerated the rate of digitisation across the globe, and Fintech solutions are no exception. The growth of Fintechs across
Leading digital fintech enablement provider, Ukheshe Technologies, together with Infobip, a global cloud communications platform that enables businesses to build connected customer experiences across all stages of the customer journey at scale, have developed South Africa’s very first WhatsApp payment gateway for use by Telkom, one of the country’s largest mobile operators. In addition to
Leading payment solutions provider, Netcash, has partnered with e-commerce platform, Ecwid E-Commerce, to launch Netcash Shop. Powered by Ecwid E-Commerce, Netcash Shop allows merchants to create an e-commerce shop and start selling their products online within a matter of minutes. Tight integration with Netcash Payment Gateway makes it simple for merchants to accept a wide
To mark the milestone of launching the online self-certification system for Next Gen ATMs, which enables customers to transact at ATMs via their mobile bank apps, ATMIA has published its global “Next Gen ATM User Interface and Metrics” best practices. The aim of the new industry manual is to guide ATM operators, vendors and service-providers to
When South Africa entered into a hard and extended national lockdown on 27 March 2020, banks responded rapidly and empathetically to their account holders’ financial crisis. According to the Banking Association of South Africa (BASA), as at 24 October 2020, banks had provided over R50 billion in financial relief – R33,61 billion in payment breaks
Customers of Nium can now remit funds via bank transfers or to mobile money wallets Nium, an advanced global payments platform, has announced that its clients are now able to send funds to their business partners located in Ghana, Kenya, South Africa and Tanzania, with more countries in the pipeline. Customers of Nium are also
