Nigeria’s leading payment card company Verve International has announced the launch of a programme called Verve Rewards for cardholders that make purchases on more than 100 online merchant platforms with their Verve cards. The reward programme covers both online and in-store purchases in which buyers can earn instant discounts and cashback. “An Instant Discount enables
A new platform has been launched in Nigeria to allow online shoppers to purchase products on a buy-now-pay-later basis. PayLater.ng allows users to shop across its growing network of partner stores, which include Afriqbuy.com, SureGifts.com.ng, heels.com.ng and 1500naira.com, while plans are underway to add further stores in the near future. To use the platform, individuals
Amendments to South Africa’s Electronic Communications Act (ECA) and the Independent Communications Authority of South Africa (ICASA) Act will give the regulator greater jurisdiction over electronic transactions, and the ability to impose higher fines on offenders. President Jacob Zuma assented both the ECA and the ICASA Act on April 7, 2014, with the series of
NCR Corporation found that millennial travelers are willing to spend their money while traveling if convenient digital retailing is available. The data comes from a recent travel survey aimed at capturing the tendencies of airline passengers to embrace omni-commerce when they travel. ”The data bears out what you would expect, younger travelers who have embraced
BitGo, a leader in Bitcoin multi-signature security, has announced BitGo Enterprise, a new suite of services for businesses and financial institutions operating in digital currency. With features such as spending and velocity limits, user management, and 24×7 monitoring, BitGo’s new offering allows businesses of any size and technical ability to take advantage Bitcoin-based opportunities. “Until
Secondary market research publisher yStats.com has released findings in its “Africa B2C E-Commerce Report 2013” indicating that the growing Internet penetration, the spread of mobile technology and improvement of payment and delivery infrastructure are factors that can boost E-Commerce on the continent. yStats.com CEO Ycel Yelken states “E-Commerce has a high potential in Africa as
South African mobile operator MTN has partnered Naspers-owned PriceCheck.co.za to release a mobile application for price comparison in the country. The app will be available on iOS, Android and Windows Phone devices, and will come preloaded on MTN’s Steppa smartphone. The companies said the partnership between a mobile operator and e-commerce platform highlights the importance
The latest MasterCard Online Shopping Behaviour Study reveals that 90% of South African respondents cite the availability of secure payment facilities as critical when shopping online. Concern around the safety of online transactions was the reason 42% gave for not shopping online in the last three months, up 4% from last year. When asked how
Alibaba, China’s largest e-commerce company, has begun the process of an initial public offering in the United States. Citing an interest in becoming a more global company it is working towards a listing on the New York Stock Exchange. Alibaba is an e-commerce giant, founded by Jack Ma in a one-room apartment 15 years ago,
“I was recently asked whether I felt that the closure of the four online shopping portals – SA Camera, Style36, 5 Rooms and Kinderelo – by media giant Naspers, was an indication that South Africa is not yet ready for online retail and that there is no money to be made in the industry,” said
