Fintech Introduces New Online Payment Gateway for Small Businesses

In 2020, the South African e-commerce market grew by 66% and is now expected to be valued at R225 billion by 2025. As small businesses make the move into digital commerce, so begins the search for online payment methods that can offer security and reliability at a rate that maintains realistic profit margins. Now, financial

Visa Completes Acquisition of Currencycloud

Visa has announced it has completed the acquisition of Currencycloud, a global platform that enables banks and fintechs to provide innovative foreign exchange solutions for cross-border payments. The acquisition will empower Visa and Currencycloud clients and partners to provide greater transparency, flexibility and control for consumers and businesses when making international payments or doing business

Market Insight Report: Digital Wallets – The Future of Payments

Digital Wallets: The Future of Payments Market Insight: IBS Intelligence report, in collaboration with CR2, looks at the accelerated growth in digital wallets as contactless payments pave the way for the future. The onset of COVID-19 has accelerated change in the payments sector and due to guidelines and restrictions to deter the spread of COVID-19,

PCI Security Standards Council Updates Hardware Security Module Standard

Version 4.0 Supports Industry Shift to Utilization of Cloud-Based Devices The PCI Security Standards Council (PCI SSC) published the latest version of its device security standard for Hardware Security Modules (HSMs). HSMs are secure cryptographic devices that are used for cryptographic-key management and the protection of sensitive data used in payment card processing. The PCI

Financial Inclusion on the Agenda as Mukuru Card Customers Can Now Make Online Purchases

Mukuru, one of the largest remittance companies in Africa and a leading next generation financial services platform, has announced that its Mukuru Card has been activated for online purchases in South Africa, allowing holders of the card to take part in the eCommerce revolution even if they don’t hold traditional bank accounts. Mukuru CEO Andy

Cryptocurrency Year in Review – Several Firsts

The world of crypto in 2021 was buoyed by a number of high profile institutions and businesses investing in crypto at far greater scale than previously seen, driving crypto’s evolution into what is now a multi-trillion dollar asset. Bitcoin and Ethereum, the two largest cryptocurrencies by market cap, recorded new all-time highs and El Salvador

Standard Bank Brings Apple Pay to Customers

A safer, more secure and private way to pay with iPhone and Apple Watch Leading financial services provider Standard Bank, today brings its customers Apple Pay, a safer, more secure and private way to pay that helps customers avoid handing their payment card to someone else, touching physical buttons or exchanging cash — and uses

2021: The Year of the Online Payment

As the world moved indoors two years ago, the online payment space flourished. These are the biggest developments in 2021, and a brief look ahead. This year, South Africans embraced e-commerce, mobile commerce and digital payments like never before – all four major banks have seen massive increases in these payment methods since the start

The Effect of AI on Innovation in Payroll

Innovation cycles are a key catalyst for growth and play a critical role in both entrepreneurship and economic development. The term ‘creative destruction’ was first coined in 1942 by economist Joseph Schumpeter. It refers to the dismantling of traditional business and economic models to pave the way for revolutionary technologies and innovative processes to improve

MyBank, Mastercard and Network International Elevate Ecommerce in Somalia with New Debit Card Launch

Mastercard debit card can be used for both in-store and online purchases  Partnership will be instrumental in enhancing Somalia’s digital economy and prospects for financial inclusion   As part of continued efforts to expand access to the digital economy and drive financial inclusion in Somalia, MyBank, Mastercard and Network International have partnered to launch a new