Small businesses level the playing field in new economy. Standard Bank’s recent SME Summit laid bare the need for small businesses to leverage the advantages of technology and ecosystems to level the playing field between smaller enterprises and larger established businesses and corporates. The K-shaped economic recovery was seeing many big, established businesses boom. Smaller businesses and
PAYM8, a leading financial collection and payment firm, has appointed Alwyn Fourie as its first Chief Operating Officer (COO). Fourie will oversee the day-to-day operational and administrative functions of the business. PAYM8 was launched in 2001 and has seen rapid growth in South Africa as well as in neighbouring Namibia and Botswana. The company offers
This partnership will enable MSMEs using the Solv Kenya platform to reconcile, receive, and view all their payments on the go under one roof Leading Pan-African payments provider Cellulant (https://www.Cellulant.io/) and MSMEs-focused B2B digital platform Solv Kenya have signed a financial services partnership that will enable Solv Kenya’s expanding MSME partners to access digital payment and
The Executive Director of Wholesale and Investment Banking of GCB Bank PLC, Mr Sam Aidoo, says the current economic crisis provides the opportunity to restructure our economy from a service driven one. He called for the building of a robust and resilient economy through technology, finance, investment, trade, and entrepreneurship. Delivering the address on behalf
Massmart has joined forces with local Fintech, Retail Capital, providing access to funding to small, medium enterprises (SMEs) in South Africa. Retail Capital is one of the country’s leading alternative funders and a leader in Fintech solutions. “There are approximately 2.6 million SMEs in South Africa contributing 34% to GDP, however many still struggle to
As banks around the world rationalise their ATM fleets, and remove unprofitable units, independent ATM deployers (IADs) are stepping in to fill the vacuum IADs deploy a growing share of the world’s ATMs RBR’s report Global ATM Market and Forecasts to 2027 shows that while the total number of ATMs worldwide is slowly declining, the
To deliver a Pan-African services, companies must meet each country’s regulations relating to data residency, compliance, and data sovereignty Cellulant (https://www.Cellulant.io), a Pan African financial technology company that provides locally relevant and alternative payment methods for global, regional and local merchants, has created a contiguous cloud experience that enables it to meet data and cloud
Millennial and Gen Z consumers are driving demand for embedded finance across a range of existing and emerging touchpoints, according to new FIS research. As technology evolves and the physical, digital and virtual worlds converge, younger generations are inhabiting new channels, such as the metaverse, and creating the need for new ways to transact. Findings
Recorded fraud attempts remained flat despite a surge in transaction volumes, values and increased number of payment methods, as the broader retail market used Amazon Prime Days 2022 to drive sales, according to new data from ACI Worldwide (NASDAQ: ACIW). ACI Worldwide is a global leader in mission-critical payments software and its merchant business serves tens of thousands of
Investments will support early-and-growth-stage fintechs tackling financial inclusion in Egypt The partnership supports the Central Bank of Egypt’s vision to establish Egypt as the Innovation Hub for fintechs across the Middle East and Africa region Mastercard has announced a strategic investment in Nclude, a fintech focused VC investment platform launched in partnership with Egypt’s leading
