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Southern Africa

Finteq Partners with Zimswitch to Deliver a Domestic Interbank Payment System

Leading Software development company, Finteq have announced a giant leap forward for Zimbabwe’s payment system. The company’s most recent deal is with Zimswitch Zimbabwe in order to facilitate the delivery of 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 →

AlphaCode Calls on SA to Become a Fintech Centre of Excellence

“Now that the South African Reserve Bank (SARB) has established a fintech programme to track and analyse developments, South Africa has all that is required to become a fintech centre Read More →

Capitec Releases Results for Year End February 2018

Capitec Bank’s most recent annual financial results for the year ending February 2018 shows that the bank’s strategy to grow its active client base to nearly 10 million – with Read More →

South Africa Launches 2025 Vision for its National Payment’s System

The South African Reserve Bank (SARB) published The National Payment System Framework and Strategy Vision 2025 which sets out the goals and strategies for the national payments industry, aimed at building Read More →

NCR Launches Innovative SelfServ 80 Series ATMs in South Africa

NCR Corporation, a global provider of omni-channel solutions, announced the launch of NCR SelfServ™ 80 Series, a new family of ATM solutions that will help financial institutions redefine the banking Read More →

Mastercard Acquires Oltio to Accelerate Digital Payments Adoption in Middle East and Africa

Mastercard has completed its acquisition of mobile payments technology company Oltio from Standard Bank Group. The acquisition builds on Mastercard’s longstanding relationship with Oltio, a startup that pioneered and patented several Read More →

Visa SSA Grows with New Appointments for Region

Visa Inc. has announced the appointment of two new members to its Sub-Saharan Africa (SSA) team. Bevan Smith and Rebecca Chiume join VISA SSA’s Risk and Consumer Products divisions respectively, Read More →

SA Fintech Company Entersekt Wins Best Mobile Security Technology 2018 Award

For the third year in a row, South African fintech company, Entersekt has won the Best Mobile Security Technology award in the annual Banker Africa Southern Africa Banking Awards. The aim Read More →

PayPal Suggests South Africans Prefer Digital Wallets

PayPal released data about mobile phone usage and mobile eCommerce at the Seamless Africa Conference in Cape Town earlier this week. Online shopping is on the rise in South Africa. South Read More →

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