Black Friday: More South Africans Shop with Less Money

New patterns emerge as online shopping evolves PayU, the emerging market payments leader, reveals that everything from the late-night shopping frenzy, to payment methods, to basket size has changed when it comes to Black Friday. Despite a significant increase of 30 percent in transaction volumes compared to last year, the total spend for the day

ACI Secure eCommerce Wins Best Online Payment Solution at London Payments Awards

ACI Worldwide, a leading global provider of real-time payments and digital payment software, has been recognized as the winner in the Best Online Payment Solution – Merchant category for its ACI Secure eCommerce solution at last night’s UK Payments Awards, held at the Grosvenor Hotel in London. The Awards recognize and celebrate companies that have demonstrated excellence and innovation in the

PayFast Launches Second Ecommerce Performance Index

South Africa’s retail sector has entered the age of ecommerce, with total online retail sales expected to reach R42-billion by the end of 2021. From the rise of contactless payments to the boom in social commerce, the pandemic has significantly altered consumer expectations when it comes to making purchases online. To unpack the major trends

Absa | Shifts in Transactional and Payment Behaviour Set to Intensify this Black Friday Season

With the easing of lockdown restrictions, Absa has witnessed a 231% increase in contactless card volumes (tap to pay) across debit and credit cards this year. With Black Friday once again falling over the pandemic period, consumer and retailer behaviour has been significantly altered, signaling a shift in how people transact as one of South Africa’s

Standard Bank Group Selects Flutterwave to Drive Digital Transformation Efforts Across Africa

Standard Bank customers in eight African countries to enjoy enhanced digital payments experience in partnership with Flutterwave  Standard Bank, Africa’s largest bank by assets, has partnered with Flutterwave, Africa’s leading payments technology company, to enhance digital payments experiences for its customers in Nigeria, Zambia, Tanzania, Uganda, Ghana, Mauritius, Cote D’Ivoire and Malawi. Flutterwave and Standard Bank

Adumo Thought Leadership | Pandemic, Consumer Habits Put Spotlight on Payments

By Paul Kent, CEO at Adumo The early stages of the pandemic were marked by a sudden shift away from cash purchases as consumers sought to limit their exposure to items that were seen as unclean. Industry figures indicate that 89% of South African consumers have used contactless payments to purchase groceries since the start

BancABC Partners with Mastercard and Zimswitch to Transform Zimbabwe’s Payment Landscape

BancABC is the first bank to launch Mastercard and Zimswitch co-branded cards The collaboration will see BancABC introduce several card innovations including a Home and Away card that links to both a local currency and foreign currency account Cards can be used for contactless payments, as well as for e-commerce, thereby minimising contact BancABC Zimbabwe announced

Introducing VodaPay – Our New Super-app! Pay Anyone, Shop Anywhere

Download now for deals starting from R1 Vodacom Financial and Digital Services is pleased to announce that the much anticipated VodaPay super app is now live and can be accessed in the Google and Apple app stores. Available to customers on any mobile network, VodaPay launches with significant partners and discounts including exclusive R1 deals

RBR | Card Spending Rises as COVID-19 Encourages New Spending Habits

The credit card sector was hit hard by COVID-19 lockdowns and the economic downturn, but increased spending on debit cards as consumers shunned cash drove overall growth in card expenditure Concerns about COVID-19 saw consumers turn to contactless New research shows that, despite a decline in the amount spent on credit card purchases last year

Mondia Digital and Mondia Pay Join Vodacom’s VodaPay Super App Offering

Mondia is proud to bring its digital technology, infrastructure and payment services to the VodaPay Super App Mondia Digital, a consolidation of the Mondia Group’s  digital content distribution business, an end-to-end, product-centric and data-driven company with a focus on opportunities in the B2B segment, and its digital payments company, Mondia Pay, are proud to have