Prophius Partners with Mastercard to Bring Tap on Phone Payments to Small Businesses in Sub-Saharan Africa

Prophius to roll out Mastercard Tap on Phone technology, enabling small businesses to accept contactless payments using their NFC-enabled Android phone Prophius today announced the launch of its PayContactless solution certified by Mastercard – a contactless acceptance solution that turns any NFC-enabled Android device into a physical point of sale. This move is expected to

How Behavioural Biometrics Can Protect Organisations and Their Customers Against Fraud

The rapid rise in digitisation, self-service onboarding and faster payments has left many banks, financial institutions and their customers at risk from fraudsters and cybercriminals. While many fraud- and risk-management measures severely hamper customer experience, MoData’s AI-driven Behavioural Biometrics platform ensures that the customer experience remains seamless while delivering advanced fraud protection. It does this

Absa Bank Kenya Partners with Huawei to Build a New Digital Foundation for Branch Networks

SD-WAN, as a next-generation technology and service, can help banks connect their branches and promote smart branch upgrades by constructing a powerful network “I see it as Lego blocks where the bottom layer is a strong technology foundation that gives us a platform to offer cutting-edge digital solutions to our customers. A strong, resilient network

FirstBank Partners Verve International, Makes Customers Millionaires in the FirstBank Verve Card Promo

In partnership with FirstBank – Nigeria’s premier and leading financial inclusion services provider – Verve International, Africa’s leading payment technology and card business, has launched its third National Consumer promo designed to reward users of FirstBank verve card with exciting gifts and cash prizes to appreciate their patronage and use of the card to carry-out

Sidestepping Complex Payments Through the Power of One Platform

The fast pace of digital transformation for financial services is vital for the empowerment of small businesses and their customers. However, in this transformation process, traditional payment methodologies are being bypassed by new technology and products. Understandably, merchants are finding it increasingly difficult to keep abreast of all the latest payment products and solutions that

Shoprite Provides Affordable Financing Options to its Suppliers, Including SMMEs

The Shoprite Group now helps its suppliers with access to funding at the most affordable rates with the launch of a new supply chain finance product.  The CredX finance product, which is often cheaper than bank financing, is available to all of the Group’s suppliers and is expected to assist especially SMMEs, for whom cash flow constraints

TymeBank’s TymeAdvance Takes Off as Employers Look to Reduce Employees’ Financial Stress

Salary advance delivers significant benefits for cash-strapped employees TymeBank, South Africa’s fastest-growing digital bank, is helping South African businesses reduce their employees’ financial stress with TymeAdvance, a zero-interest solution that gives staff early access to their earned salary, while protecting them from expensive debt. “Consumers are having a tough time making ends meet, even those

In a Changing World Niche Banking is Attracting More Attention

Traditional banking models have been disrupted long before the Covid-19 pandemic fundamentally changed the way we live, work and shop. “We are seeing a rapid rise in digital banking and niche banking, mainly driven by the changing needs of consumers and merchants in the informal economy”, says Zunaid Miya, MD of Hello Pay. The pandemic

Nedbank Banks on the African Metaverse

One of the largest financial services groups in Africa, Nedbank, partners with Africarare to lead in the virtual world  As the digital economic voyage into the metaverse starts to accelerate, major players in trade and industry are poised to develop custom experiences in this digitally enhanced world, which is being heralded as the future of

South Africa’s Appetite for Digital Payments Continues to Grow – Mastercard New Payments Index 2022

95% of consumers in South Africa used at least one emerging digital payment method in the last year with usage expected to increase further Adoption of cryptocurrency, biometrics, Buy Now Pay Later (BNPL), open banking and account-to-account payments are anticipated to continue accelerating The adoption of a broad range of digital payment methods is accelerating