We are pleased to announce that the Minister of Finance and other Regulatory Authorities have formally approved Capitec’s purchase and acquisition of Mercantile Business Bank. This is an exciting timing for both Capitec and Mercantile and brings new opportunities as we build Capitec’s Business Banking offering off the “firm foundation” of Mercantile. Why did we
The migration to ISO (International Organization for Standardization) 20022 could be a quantum leap for payment processing. Don’t be fooled by the tech-speak in its title—ISO 20022 is on track to become the biggest revolution in the payment sector since the launch of the Single Euro Payments Area (SEPA) 10 years ago. So, what do
Amazon is making it even easier for customers to pay with cash. Amazon PayCode, already available in 19 countries around the world, launches today in the U.S. and allows customers to choose Amazon PayCode at checkout and then pay for their purchase in cash at one of 15,000 Western Union locations. Items ship once customers
The top 12 innovative and sustainable fintech solutions have been shortlisted for the Global Fintech Hackcelerator @ Southern Africa. The South African Reserve Bank (SARB) will host a Fintech Demo Day on 29 October 2019 to select the two winning solutions. In August 2019 the SARB joined forces with KPMG Matchi to run the 2019
Our mobile phones have become the epicenters of our lives. Today, we connect with friends, watch shows, hail cabs, reserve restaurants, buy things and pay each other all via our mobile devices. In fact, nearly four billion people – half the global population – are expected to use their devices to pay by 2024, according
Standard Bank, Africa’s largest bank operating in over 18 African countries as well as in Asia, Europe, North America and South America, have partnered with iiDENTIFii, a Cape Town-based technology company that enables remote biometric digital authentication and automated onboarding. By deploying the world-leading iiDENTIFii solution across the bank’s existing product and service offerings, Standard Bank
Ingenico Group, the global leader in seamless payments, is proud to announce its new partnership with high-street retail icon, M&S. Both companies will work together to implement a new payment service that will encompass all M&S customer touch points and digital channels, which are critical to supporting its sales and customer experience ambitions. The new
In an effort to drive financial inclusion, Centenary Bank the leading Microfinance Bank has made tremendous strides in extending financial services to the unbanked communities through authorised Agents who offer the same services offered by the bank. Following the enactment of the Financial Institutions Act 2017, Bank of Uganda has spearheaded financial inclusion of the
Visa and Revolut, the leading fintech in Europe, today announced a new agreement that will help Revolut expand its business globally. Leveraging Visa’s brand, scale and global acceptance footprint, Revolut will be able to bring its product offerings to five new regions, reaching 24 new markets, for a total of 56 markets globally. Under the terms
First international money transfer service of its kind within a native mobile wallet in the U.S., offering seamless cross-border payments The in-app ‘Money Transfer’ service powered by Travelex, a Finablr company, makes international payments easier than ever, right from the Samsung Pay app. Samsung Pay users in the U.S. can now send money to recipients
