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South Africa

Sasfin’s Equity Stake in Fintech Lender Payabill Set to Enhance SME Growth

In another major step forward in supporting growth in SMEs, Sasfin has announced that it has acquired a strategic stake in fast-growing fintech lender Payabill. Payabill, a 100% digital lending business, Read More →

Enkryptis Leads the Way with New Key Injection Facility and Certification

Enkryptis, a specialist payment security provider in South Africa, has announced it has achieved the Payment Card Industry Point to Point Encryption (P2PE) and PCI PIN security certifications for their Read More →

SARB Invites Public to Workshop on the Review of the National Payment System Act

National Treasury and the South African Reserve Bank (SARB) invite the public and media to a workshop on the review of the National Payment System Act 78 of 1998 (NPS Read More →

Double Digit Growth in SWIFT Message Volumes as gpi Uptake Soars

  • Industry cooperative records 11% message growth in 2018
  • Annual SWIFT volumes reach record-breaking 7.8 billion
  • Average daily message volumes break 30 million barrier
  • Read More →

FNB is the First Bank to Launch Consumer and Merchant QR Code Payments on its Banking App

Capability is powered by Masterpass, Mastercard’s digital payment service

FNB, South Africa’s best digital bank, is expanding its digital payments ecosystem by enabling consumers and sole proprietor businesses to Read More →

Entersekt Gains Early Certification for E-Commerce Authentication Solution

3-D Secure 2 access control server comes bundled with APIs for a wide range of in-app payment experiences

Entersekt, an innovator in mobile-first fintech solutions, announced that it has Read More →

Mastercard SpendingPulse: South African Consumer Spending Shows Moderate Uptick

Consumers are ringing in the holiday season with a solid start to retail sales, according to Mastercard SpendingPulse, which looks at overall retail spending trends across all payment types. October – Read More →

Black Friday Card Sales Reach 4.8 Million Mark – BankservAfrica

Debit and credit card transactions reached 4.8 million during this year’s Black Friday. This represents a 4% year-on-year growth on 2017’s 4.7 million, according to BankservAfrica, Africa’s largest automated payments Read More →

SARB Releases Invitation to Comment on the National Payment System Act Review Policy Paper

National Treasury and the South African Reserve Bank (SARB) today published a policy paper titled ‘Review of the National Payment System Act 78 of 1998’ for public comment. A national Read More →

SWIFT gpi – Unlocking The Future of Correspondent Banking

The payments industry faces immense pressure on multiple fronts. Waves of technological advances, regulatory scrutiny, and changes in consumer and client behaviours and expectations, are having a significant impact on Read More →

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