The World Bank estimates that small businesses constitute 90 percent of all businesses worldwide. In sub-Saharan Africa alone there are 44 million small businesses, with small and medium-sized enterprises (SMEs) accounting for 60 percent of jobs. In South Africa there are approximately 3.2 million SMEs, which make them the backbone of the economy with a
Kazang, the micro-merchant division of JSE-listed fintech company Lesaka Technologies, has partnered with Masifunde Training and Development to provide employment opportunities for disadvantaged youth and contribute to the development of South Africa’s future workforce. This collaboration aims to empower young individuals from underprivileged backgrounds by equipping them with the necessary skills and knowledge to succeed
Stanchion Payment Solutions is entering its 23rd year, evolving its role to bridge the gap between existing technology capabilities and the market demand for digital transformation. Their expertise lies in providing technical skills around payment switches and card-management platforms, leveraging a global network of experts. Stanchion’s strategy focuses on enabling agile change on core tech
Financial institutions in EMEA, APAC, and USA agree on the two common barriers to the full potential of GenAI: “too much complex infrastructure” and “data quality and access”. However, both barriers are eliminated for companies that can integrate GenAI with their data-rich, real-time payments processing platform like OpenWay’s Way4. Nexi, the pan-European acquirer serving two million merchants, is positive
In a bold step towards redefining the future of financial technology, Ukheshe has announced its official rebranding to EFT Corporation. The move consolidates Ukheshe’s pioneering digital solutions with EFT Corporation’s extensive reach and expertise under one unified brand, positioning it as a leading catalyst for financial inclusion in Africa. The rebranding of Ukheshe to EFT
Eurasia’s first CBDC cards, recently launched in Kazakhstan, have provided 20 million consumers with a convenient, tangible way to manage their funds in CBDC (Central Bank Digital Currency). Today, plastic cards in the digital tenge currency are used for both in-store and e-commerce purchases and are accepted globally through the Mastercard and Visa networks. The
Entersekt, The Financial Authentication Company, has announced that PAPE funds (PAPE) has expanded its investment in the company. Following an initial investment in July 2022, PAPE Fund 3 recently acquired Nedbank Private Equity’s equity stake in Entersekt, increasing its total investment and ownership stake. Nedbank Private Equity is a division of Nedbank Corporate and Investment
Payment24, a leading provider of advanced payment, loyalty, and fuel management solutions, is proud to announce the availability of its fuel voucher offering. This innovative product is set to transform how Payment24 partners incentivise customers, loyalty subscribers, internal teams, and even drivers. With seamless integration across a vast network of over 1,000 service stations, these
Mastercard has announced the winners of the third edition of its Women SME Leaders Awards, celebrating the achievements of women-owned and led businesses across diverse sectors in the Eastern Europe, Middle East and Africa (EEMEA) region. Launched in 2022, the Mastercard Women SME Leaders Awards is the first initiative of its kind to recognize outstanding
Attracting and retaining top talent is a multifaceted endeavour that requires a strategic and holistic approach. Pienaar Zietsman, Chief Financial Officer at Amplifin – a leading payment solutions company – comments on strategies to nurture a thriving workforce and drive organisational growth. Cultivating a Purpose-Driven Culture According to Zietsman, aligning the workforce with a shared
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