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SASSA Stabilises Grants Payment System

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 Read More →

SASSA Assures Beneficiaries that Grants will be Paid Despite Glitches

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 Read More →

Currency Associations Welcomed Decision by EU to Suspend Legislation on Cash Payment Limitations

With the publication of its study on the impact of CPLs issued by the DG ECFIN, the EU Commission announced to no longer pursue legislation with the aim of harmonising Read More →

SWIFT Data Shows Intra-Africa Payments Clearing and Trade is Increasing

SWIFT’s report, “Africa Payments: Insights into African Transaction Flows”, reveals that intra-Africa payments clearing and trade is increasing in importance. The paper maps commercial payment flows against financial flows, pointing Read More →

Payments Modernisation in South Africa – The Future of Payments is about Embracing Change

Banking and Payments companies should not be afraid of making changes, tackling legacy infrastructure, and embracing new technology. This was the key idea put forward at the ATMIA 2018 Banking Read More →

Ingenico Group Supports Roll-out of Secure Biometric Solution in Zambia

Ingenico Group supported the roll-out of a secure biometric solution in Zambia in partnership with Paycode. This program allowed the distribution of 22 million dollars subsidies in rural Zambia within Read More →

SASSA Responds to Fake SMSes that are Being Circulated to Beneficiaries

The South African Social Security Agency (SASSA) has noted with concern the increasing number of fake SMSes that are being circulated to beneficiaries. In a recent incident the Agency has Read More →

Mastercard Launches Accelerate to Continue to Unleash the Potential of FinTechs

Mastercard announces the creation of Accelerate, a new initiative to drive growth at scale for the fast-evolving FinTech industry, reflecting the company’s ongoing commitment to this sector. The initiative is Read More →

Nearly 8 out of 10 Merchants Globally Believe Real-Time Payments Will Replace the Use of Cards Over Time

Nearly 80 percent (77) of globally surveyed merchants hold the view that real-time payments will replace the use of payment cards over time, according to new benchmark data, “2018 Read More →

BankservAfrica Processes Record Volume of Electronic Transactions in March

BankservAfrica, Africa’s largest automated payments clearing house, cleared the highest volume of electronic funds transfers (EFTs) on record in March of 89 million and at a value of R847 billion. Most Read More →

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