iKhokha, a locally developed all-in-one suite of intuitive business tools that empowers small businesses to compete in the digital economy, has won the 2023 MTN Business Finance App of the Year Award. iKhokha now joins the ranks of other South African financial solutions that have previously won this prestigious category, including Naked Insurance, Franc, Shyft
African insurtech aYo Holdings, jointly owned by telecommunications giant MTN and insurer Sanlam Allianz, is pioneering omnichannel insurance premium collections and claims payouts, through a partnership with payment orchestrator, Revio. This development will make it easier for aYo’s millions of customers to pay for life and hospital cash insurance by choosing their preferred method from
African communities have historically found innovative ways of collaborating and combining individual financial resources for the good of the many. Stokvels and funeral savings are just two examples of community initiatives to which everyone contributes and from which everyone benefits. These and other savings and community wealth creation mechanisms are often entered into without proper
Dr Velenkosini Matsebula is a Senior Lecturer in Development Finance at Stellenbosch Business School. As we enter the final quarter of 2023 and closer to the Fourth Industrial Revolution (4IR), marked by unprecedented technological advancement and global interconnectivity, we must acknowledge a stark reality: extreme poverty persists. While we commemorate the International Day of the
Distributed by APO Group on behalf of AfricaNenda. AfricaNenda has today released the second edition of the annual State of Inclusive Instant Payment Systems (SIIPS) in Africa report. Jointly produced with the United Nations Economic Commission for Africa (UNECA) and the World Bank, the report highlights sustained growth in both the supply of instant payment
Over 19 million adults in South Africa are excluded from digital transactions according to the World Bank. This includes people who have an account, but do not transact online. In a KLA poll, 44% of respondents expressed concerns about the security of their personal and financial information while shopping online. Security threats, including scams and
In today’s digital landscape, two prominent players are set to reshape the decentralised payments scene in South Africa: MetaMask and Xion Global. Their collaboration is not just a fusion of strengths; it’s a vision, a roadmap to the future of payments in South Africa. Web3 Payments in South Africa MetaMask (MM), globally recognised as the
Africa’s reputation as a continent of growth, progress and innovation is nowhere more evident than in the world of FinTech. In the next four years, the continent’s digital payments market is projected to grow by 16.1%, solidifying its reliance on payments solutions that will continue to advance the economy. RealPay has been at the core
By Jonathan Jacobs, Head of Product and Operations at Halo Dot Imagine a world where every smartphone transforms into a payment terminal, where merchants and their customers trade freely in a cashless, frictionless ecosystem. Welcome to the future of Software Point of Sale (SoftPOS), where boundaries melt away and convenience is king. This technology does
As a technology leader in the global payments industry, Mastercard is at the forefront of championing financial inclusion and digitization across Africa. The unprecedented growth and hunger for innovation amongst the people of this continent, and its population that is set to double by 2050 according to World Bank, is underscored by the adoption of
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