SA FinTech Companies Traderoot and Sureswipe Partner on New Payment Platform

Posted on by Staff Writer | 3199 Views | 14 min read

Two of South Africa’s first financial technology companies have announced a strategic business relationship that is set to change the fintech payment space. Traderoot and Sureswipe have made available a quick, comprehensive and PCI compliant payment platform that reverses the relationship SMEs and merchants have with traditional financial institutions and places control of business processes

Health of Cash Study – A Reality Check on Cash in a Digital World

Posted on by Staff Writer | 2381 Views | 12 min read

With phrases like ‘Venmo me’, ‘mobile order & pay’, ‘conversational commerce’ and ‘digital native’ now well-established in today’s vernacular – diagnosing the health of cash in the United States in the digital age has become quite fashionable, even if not always fact-based. Even as some shock-value headlines and payments industry narratives blur the line between

Move on UT and Capital Banks was Strategic says GCB Bank MD

Posted on by Staff Writer | 3508 Views | 11 min read

The Managing Director of GCB Bank, Mr. Anselm Ray Sowah, says assuming the management of UT and Capital Banks is a strategic move in the interest of the Bank. “It was not an overnight decision to take over those two banks. I am hopeful that the expansion of GCB will bring profit,” he said. Answering

FNB’s Domestic Earnings Climb 8% on the Back of Good Topline Growth and Improved Efficiencies

Posted on by Staff Writer | 3349 Views | 20 min read

The bank’s performance is pleasing when considering the muted levels of credit demand, low levels of business and consumer confidence and subdued economic growth in the reporting period. FNB lifted its earnings by 8% domestically with profit before tax increasing by 22% in the Premium segment and by 15% in the Business segment. The bank’s

New South African Financial Sector Regulation Act is Signed into Law

Posted on by Staff Writer | 3470 Views | 7 min read

The SARB welcomes the signing into law of the Financial Sector Regulation Act, 2017 by the President. This is the culmination of collaboration on financial sector reform by the SARB, National Treasury and the Financial Services Board over the past decade. The Financial Sector Regulation Act is the most fundamental reform of the South African

How Banks Can Crowd-Source Fraud Management?

Posted on by Staff Writer | 2549 Views | 17 min read

With an explosion of digital payment channels, transaction security enhancement has become indispensable for all entities in the payment process – issuers, acquirers, merchants, payment brands, mobile and digital commerce solution providers. The risks and cost of securing a growing volume of transactions to meet regulatory and compliance requirements has increased substantively. According to the

TerraPay to Launch Cross-Border Money Transfers in South Africa

Posted on by Staff Writer | 8870 Views | 8 min read

TerraPay, the world’s first mobile payments switch, announced today that it has successfully obtained regulatory approval from South African Reserve Bank to launch Cross-border money transfer services in South Africa. This makes TerraPay the 5th company to be licensed as a category three Authorised Dealer in Foreign Exchange with limited authority, also known as ADLA

SA Tech Startup SnapnSave Attracts R14m in Investment

Posted on by Staff Writer | 3213 Views | 12 min read

Kalon Venture Partners, formerly Grotech, and Smollan Group SA both acquired a minority stake in South Africa’s fastest growing shopping community, SnapnSave. Kalon, a venture capital fund and Smollan Group, a leading international retail solutions business invested R7 million each. SnapnSave, founded by Mark Bradshaw is South Africa’s leading cashback coupon app that gives shoppers

AfDB Signs Agreement Establishing Southern Africa Regional Development and Business Delivery Office

Posted on by Staff Writer | 3251 Views | 17 min read

African Development Bank President Akinwumi Adesina and South African Minister of Finance, Malusi Gigaba, signed a Host Country Agreement on Friday, August 18, establishing the Bank’s Southern African Regional Development and Business Delivery Office in Pretoria, the country’s capital. The office will serve as one of five regional hubs for the pan-African development finance institution

Performance Food Group and NCR to Deliver Powerful Point-of-Sale Solutions

Posted on by Staff Writer | 2435 Views | 8 min read

NCR Corporation, a global leader in omni-channel solutions, and Performance Food Group Company (PFG), a leading food service supplier, have entered into a strategic referral relationship to bring NCR Silver™, the cloud-based point-of-sale (POS) solution, to more restaurants throughout the United States. PFG will introduce NCR Silver to its 36 Performance Foodservice distribution centers nationwide,