A year since launching, uKheshe, South Africa’s cheapest and most convenient QR cash card and micro transaction platform, has left an indelible imprint on South Africa’s unbanked and underbanked. The start-up, with over 300 000 users to date, has forged ahead with its financial inclusion strategy, receiving high praise and global recognition. Clayton Hayward, co-founder and
uKheshe, a locally developed financial inclusion platform, has further enhanced its offering to the unbanked by collaborating with Mastercard to enable informal traders, street vendors and casual labourers to accept digital payments through Masterpass, Mastercard’s digital payment service. By combining their expertise and reach, the companies intend to boost financial inclusion, targeting the more than
Integration of mobile wallet with debit card a ‘holy grail’ for displacing cash, creating financial products for informal market. African fintech holding company Crossfin has made a strategic investment into mobile wallet platform My-iMali through its Crossfin Ventures angel investment arm. My-iMali, which was founded in 2018, provides lower-income consumers with the ability to transact
ATMIA today published a “Next Generation ATM Deployer Guide” to help banks and independent ATM deployers to get ready for the production of Next Gen ATMs, which will link millions of ATMs to billions of mobile phones in a new ATM ecosystem. Subtitled “Expert opinions and lessons learned during the ATM industry’s migration to NextGen
Standard Bank Group has been recognised once again for its accomplishments over the past year. This time round, the bank has secured prestigious country awards in South Africa, Lesotho, Zambia, Zimbabwe and Angola in the Bank of the Year awards for 2019. Regarded as the industry standard for banking excellence, The Banker’s (part of the
SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, has announced its partnership with Union Systems Limited, a key provider of financial software solutions and professional services to major banks in East and West Africa. The two companies together will support organisations in their digitisation strategies of post–trade environments – whether it is liquidity
ACI Worldwide has announced a global strategic collaboration with Microsoft via the Microsoft Partner Network to support the payments industry’s rapid adoption of technology deployed in the public cloud. As one of Microsoft’s top 10 global ISV partners in the financial services industry, ACI will support the company’s industry growth and extend the reach of
FNB has launched Easy Zero, a fully-fledged digital bank account with a card to allow customers to transact easily, conveniently and safely without paying a monthly fee. The mobile account was formerly known as eWallet eXtra. The revamped digital account will now have a branded FNB bank card, providing customers with free card swipes, cost-effective
In its 14th year of trading, and about to celebrate 15 years of excellence in 2020, Spark ATM Systems have officially laid down a marker in the ATM industry in South Africa, as the leading independent ATM deployer. Our ever-growing national network of ATMs can be found in every conceivable type of bank branch, retail,
In a move that is sure to have positive growth benefits for South Africa’s tourism industry, Nedbank and Fexco, a leading independent global provider of DCC and multi-currency (MCP) technologies, have announced an extension to their partnership that will see Fexco’s world class Dynamic Currency Conversion (DCC) solution provided to Nedbank merchants and their international
