South African salaries and pensions have increased above the rate of inflation for the sixth consecutive month, with salaries improving by an average of 1.1%, after inflation, compared with August last year, while pensions grew by 0.9% in real terms. Mike Schüssler, Chief Economist at Economists dotcoza, points out that the increases recorded by the
Youtap has launched Youtap Cloud, a payment processing platform delivered as a cloudservice for mobile money and payment providers in developing markets. Youtap Cloud enables real-time transaction processing for contactless mobile money and bank wallet payments. It supports QR code payments, as well as NFC technology, including low-cost micro point-of-sale (POS) devices, companion cards and
Over the past 20 years, disruptive digital companies have upended consumers’ expectations of the shopping and payments experience. It started in 1999 when Amazon patented one-click shopping and has evolved over the years into the invisible, instant payments offered on mobile apps such as Uber. To keep up with the pace of innovation among digital
The payment expert Wirecard supports payment processing for the new online shop of Webasto, a global systems partner for virtually all automotive manufacturers. Electric vehicle charging solutions have recently been made available to buy from the Webasto online shop. As part of the collaboration, the leading global payment service provider Wirecard is integrating four payment
Luno announced its expansion into 35 new markets across Europe, and R120 million Series B funding round, led by London-based Balderton Capital, one of Europe’s leading venture capital firms. Rand Merchant Investments, through its fintech investment arm, AlphaCode, and existing investors Digital Currency Group also participated in the round. This follows Luno’s R60m Series A
A new survey conducted by Juniper Research has found that over 40% of iOS users in the US consider themselves unlikely to use facial recognition as a payment security technology. This suggests that a core use case for the iPhone X’s main security feature may struggle to gain traction amongst consumers. Contactless payment users considered
As more financial service providers adopt machine-to-machine (M2M) solutions, it is becoming ever more apparent that these solutions are vital to economic inclusivity and innovation on the African continent. This is according to Jeremy Potgieter, SADC regional head at Eseye, who notes that the financial sector has always been a front runner in technological advancements
As more financial service providers adopt machine-to-machine (M2M) solutions, it is becoming ever more apparent that these solutions are vital to economic inclusivity and innovation on the African continent. This is according to Jeremy Potgieter, SADC regional head at Eseye, who notes that the financial sector has always been a front runner in technological advancements
Following its investment in new data centres and disaster recovery strategies, BankservAfrica, the largest automated clearing house and payment system operator in Africa, has contracted Veeam Software to modernise its backup and data protection systems. Processing billions of transactions annually for 23 banks and their 27 million customers while maintaining the safety and security of
Following its investment in new data centres and disaster recovery strategies, BankservAfrica, the largest automated clearing house and payment system operator in Africa, has contracted Veeam Software to modernise its backup and data protection systems. Processing billions of transactions annually for 23 banks and their 27 million customers while maintaining the safety and security of
