Banking customers who traditionally bank via branches are embracing in-branch digital banking channels, says First National Bank (FNB). The bank says its customers are increasingly using its spread of in-branch Digital Zones and free WiFi. Significantly, branch personnel are also able to help customers download the bank’s zero rated App to conduct most transactions they
Mastercard has announced a collaboration with South African fintech company Yoco to roll out 15,000 mobile Point of Sale (mPOS) devices to small and medium-sized businesses by the end of the year, while educating them on the benefits of going cashless. To start accepting card payments, business owners simply connect the Yoco card reader to their
Visa has announced Visa ID Intelligence, a platform that allows issuers, acquirers and merchants to quickly adopt emerging authentication technologies and create more secure and convenient ways for consumers to shop, pay and bank on their connected devices. Available through Visa Developer Platform, Visa ID Intelligence offers a curated selection of leading third-party authentication technologies
The South African-based fintech startup that offers the cheapest cross border money transfer rates into key African countries and now into India, has introduced the easiest online registration process using its app – taking a photo and a selfie. This is a first in South Africa and is approved by the Financial Intelligence Centre and
Mastercard has announced Standard Chartered Bank as the most recent major bank integrating the Mastercard Send service to broaden their cross-border payment services. Standard Chartered Bank joins a growing list of global financial institutions partnering with Mastercard to offer their customers a faster, more efficient and more cost-effective way to send money around the world.
Mastercard has announced that it will be opening up access to its blockchain technology via its API published on Mastercard Developers. Mastercard’s blockchain solution provides a new way for consumers, businesses and banks to transact and is key to the company’s strategy to provide payment solutions that meet every need of financial institutions and their
Kazang, the micro-payment processing service which was acquired by Paycorp in 2014, has acquired 49% of Sandulela Technology, a wholesaler of prepaid electricity to third parties. Sandulela will remain under the leadership of CEO Nkululeko (Nk) Mvulana who founded the company ten years ago, and will retain its Level 2 BEE rating. The two companies
NCR Corporation, a global leader in omni-channel solutions, has unveiled its new NCR Mobile Payments solution at the NACS Show, the leading convenience and fuel retailing event, held in Chicago from October 17 to 20. The cloud-based solution enables fast mobile transactions for a variety of mobile wallets and card schemes, allowing retailers of all
NCR Corporation, a global leader in omni-channel solutions, has unveiled its new NCR Mobile Payments solution at the NACS Show, the leading convenience and fuel retailing event, held in Chicago from October 17 to 20. The cloud-based solution enables fast mobile transactions for a variety of mobile wallets and card schemes, allowing retailers of all
According to the 2014–2016 Tanzania National Financial Inclusion Framework the level of formal financial access in the rural areas of Tanzania is 8.5% compared to 23% in the urban areas and totally excluded rural population is 60% compared to 45% in urban areas. The ninth edition of the Tanzania Economic Update highlighted the country’s extraordinary
