Walletdoc, a successful South African fintech startup, has launched a new way for businesses to collect more money from customers using easy and secure online credit and debit card payments on invoices and statements. Leonard Shenker, joint CEO of walletdoc comments, “Consumers are cash-strapped and this creates cash flow issues for businesses. By allowing consumers
Ingenico Group has announced that its Axium D7, the world’s only payment device to fulfil the Google Mobile Services (GMS) requirements, achieved the PCI-PTS v5 certification, highest security standard in the payment industry. This makes the Axium D7 unique on two grounds. While many of the latest payment terminals on the market obtained the PCI-PTS
The South African Social Security Agency (SASSA) experienced problems in paying a portion of its beneficiaries since the 01 July 2018. SASSA pays over 12 million beneficiaries per month and about 700 000 of them use the new SASSA card. These 700 000 beneficiaries could not draw their money at some of the banking infrastructure
FNB customers are increasingly using the bank’s branch based Digital Zones to transact. The bank says the use of its Digital Zones has grown considerably since introduction in 2016 with more than a third of all service transactions done in branches, completed in the digital zone. Lee-Anne van Zyl, CEO of FNB Points of Presence,
Bluefin and NCR are working together to improve NCR’s clients’ experience by providing Bluefin’s PCI-validated Point-to-Point Encryption (P2PE) security solution to merchants and retailers utilizing NCR’s Counterpoint Retail Solution to process payments through NCR Secure Pay. This joint offering will enable NCR’s clients to offer a higher level of security and peace-of-mind to their customers.
The Central Bank of Nigeria (CBN) has recently released new cyber-security guidelines for banks and Payment Service Providers. According to a letter sent by CBN on the 25th of June 2018, the reasons for issuing these guidelines were “Due to the recent increase in the number and sophistication of cyber-security threats against Deposit Money Banks
The pursuit of greater electronic payment adoption among South African merchants received a significant boost with the announcement of a partnership between leading African fintech holding company Crossfin Technology Holdings and global fund manager Apis Partners LLP. According to Anton Gaylard, COO of Crossfin, the partnership with Apis will create an enlarged payments operating company
The acting CEO of the South African Social Security Agency (SASSA), Abraham Mahlangu, has noted the challenges experienced by grants beneficiaries during the current social grant payment cycle. “We are aware that beneficiaries are experiencing problems with the electronic payment of their social grants. What is being experienced is a result of a process of
Huawei’s Mobile Money Solution has been named as the ‘Best Mobile Innovation for Emerging Markets’ at Mobile World Congress Shanghai 2018 by GSMA. Winning this award indicates the industry’s recognition of the solution’s leading capabilities and excellent performance. Currently around 1.7 billion of the world’s adult population does not have access to a bank account,
Mastercard and Selcom have expanded their collaboration by signing a seven year strategic partnership agreement to introduce a variety of payment solutions in the country, thus supporting Tanzania’s goal of becoming a cashless economy. Tanzanian’s will be enabled to transact more conveniently, quickly and securely at more payment acceptance locations. Already consumers, retailers and local
