Digital Payments Could Boost Tax Revenue by US$500 Million and Drive Economic Modernization in Tanzania

A new study  from the United Nations-based Better Than Cash Alliance provides findings about the large potential gains for governments, businesses and citizens when digitizing payments. Many emerging economies are grappling with how to modernize their economies, improve transparency, drive sustainable growth and advance financial inclusion. This study on Tanzania’s digital payment initiatives reveals the very

Instant EFT – Still the Best Way to Get South Africans Shopping Online

World Wide Worx released in April this year, not only show good growth for the year, but forecasts for 2020 show the figures doubling from their current baseline. While this is great news for the economy, there remain many obstacles for the general business community when it comes to taking the leap in creating a

Orange Accelerates Mobile Financial Services In Africa And Sets Up CECOM

Orange has further strengthened its position as a major player in the mobile financial services segment in Africa. This change of status is accompanied by the creation of a new organization, CECOM, which provides mutualized risk and compliance management for its mobile money activities in these countries. A favourable environment In 2015, noting the significant growth

Visa and Leading Banks Launch mVisa – Kenya’s First Interoperable Mobile Payments Service

Consumers can pay merchants by scanning a QR code on a smart phone or by entering a merchant number into a feature phone.  The payment goes straight from the consumer’s bank account into the merchant’s account and provides real-time notification to both parties. The QR code, which provides the customers with the merchant’s bank details,

FNB App Sees Biggest Uptake Among SA’s Millennials

th best globally by MyPrivateBanking Research in the category of Mobile Apps for Wealth Management 2015, and 6th best globally by the UX Alliance for usability and ease of use. This was soon after the app was voted best banking app in Internet Banking SITEisfaction Survey, which measures internet banking quality and user experience in