There was a massive breach in South Africa’s banks last week resulting in tens of millions of rands in losses. The breach was caused by a malicious malware called Dexter which was unknowingly installed on the POS terminals of a number of fast food chains. It is believed that the malware was implemented by an
With the launch of the Pick n Pay smart shopper mobile app, customers can now access all the benefits of South Africa’s favourite rewards programme anytime. With about 12 million smart phones in circulation in the country, they¹re the one thing that many South Africans just can’t do without. With this in mind, Pick n
Leading Regional East African retail chain Nakumatt Holdings Limited today launched the Nakumatt Global Prepaid MasterCard card, in partnership with Kenya Commercial Bank and Diamond Trust Bank. The new card, which is EMV compliant, replaces the current Nakumatt Cybercash loyalty smartcard and provides a range of enhanced benefits and security features. With the multicurrency Nakumatt
Clinkle Corporation, a startup working to modernize how people transact, announced that Barry McCarthy has joined the company as chief operating officer. He will play a key role in the impending launch of the product and will help to drive the company’s growth. “Barry will be an incredible asset to Clinkle’s senior leadership team,” said
In a previous article we discussed which big retailers are doing ecommerce in South Africa. With the word out that the South African ecommerce boom is on the way, we thought it would be a good idea to do a follow up article on which ecommerce sites are the popular in South Africa. In order
There’s not much of a limit on what you can buy online these days. Thing is, in South Africa at least, almost all of those ways involve having a bank account and, if you want things to be really simple, a credit card. But what if you could finance your online purchases with a single
United Bank for Africa (UBA), a Nigerian commercial bank, has launched an e-commerce platform aimed at supporting the growth of small and medium sized enterprises (SMEs) in the West African country. U-Mall is a partnership with Netplus Advisory Limited, which UBA said will allow SMEs to set up online stores and extend their reach. U-Mall
Ghana Interbank Payment and Settlement Systems (GhIPSS) plans to introduce four new products on the gh-link platform next year, officials have said. The products are intended to maximise the payment platform and provide better and convenient banking to customers. The proposed products are Instant Bank Transfer, Instant Bill Payment, Multiple Account Enquiry and Identity and
At the ATMIA “Emerging New Africa” show, NCR Corporation in collaboration with Bytes Managed Solutions, launched NCR APTRA Interactive Teller, a new ATM-based technology that makes everyday banking transactions easier for customers by allowing them to complete more than 95% of typical branch transactions at the ATM assisted by a live remote teller, well beyond
MasterCard announced that it has entered into an agreement to acquire Provus Bilişim Hizmetleri A. Ş. (“Provus”), Turkey’s leading independent payment solution and processing provider. The acquisition will build on MasterCard’s strategy of increasing its processing presence in high-growth markets and deliver superior processing solutions and innovative value added services for both financial institutions and
