Efficient Group Pioneers First Financial Services Digital Client Experience in South Africa, Through Partnership With Braintree

Posted on by kara | 1043 Views | 14 min read
Efficient Group

Leading financial services provider, Efficient Group, is reaping the rewards of an infrastructure modernisation programme, made possible through a partnership with Braintree. Core to this move has been the consolidation of data from a multitude of financial services providers into one Efficient group database – the single view of and for the client. An initial

The Shift From RMS to RM: What It Means for South Africa’s Debit Orders

Posted on by kara | 2160 Views | 36 min read

The South African debit order landscape has undergone significant transformations to enhance security and efficiency. Central to this evolution was the introduction of the DebiCheck debit order system. The South African Reserve Bank (SARB) dictated the implementation of a new payment stream in the early morning processing window where authentication by the payer occurs prior

CrowdStrike Downtime Disrupts Payments Globally, Reminding Businesses of the Need for a Back-up Plan

Posted on by kara | 3213 Views | 12 min read

By Nicole Dunn, Co-founder and COO of Precium CrowdStrike, a leader in cybersecurity solutions, experienced a major service disruption due to a technical glitch in their cloud-based infrastructure. This unexpected downtime lasted for approximately 14 hours, leaving numerous businesses grappling with the fallout. Payment processing services were among the hardest hit, as many financial institutions

Avanti Communications Conducts Groundbreaking Satellite Connectivity Test for More Secure and Resilient Financial Operations

Posted on by kara | 1650 Views | 9 min read

Avanti Communications (“Avanti”), a leading global multi-orbit provider of fully integrated connectivity services and solutions, has undertaken a satellite connectivity test with BankservAfrica, Africa’s largest automated clearing house with Capitec Bank, one of South Africa’s top retail banks. The successful completion of this connectivity test heralds a movement towards greater transactional security. It underlines the

InstaPay Launches in South Africa: An Innovative Merchant Payment Application

Posted on by kara | 1753 Views | 19 min read

InstaPay, a cutting-edge new merchant application, has been launched to transform the payments landscape in South Africa. This innovative solution offers unique functionality and competitive rates that surpass traditional card providers, setting a new standard in the industry. InstaPay is the result of combined expertise and technology between Omnea and Amber Pay, two industry leaders

VezoPay Launches Africa’s First Smart Ring for Seamless Contactless Payments

Posted on by kara | 1723 Views | 4 min read

VezoPay has introduced Africa’s inaugural smart ring, heralding a new era in contactless payment solutions across the continent. Engineered for convenience and security, the VezoPay smart ring epitomizes innovation with its array of cutting-edge features. The VezoPay smart ring enables lightning-fast contactless payments in just 1 second, seamlessly connecting your hand to any terminal. It

Stitch Partners With Absa to Offer Absa Pay for Enterprise Merchants Across South Africa

Posted on by kara | 1843 Views | 10 min read

Payments infrastructure company Stitch to offer all available direct bank APIs as part of its Pay by bank solution, including Absa Pay, Capitec Pay and Nedbank Direct EFT Payments infrastructure company Stitch today announced that it will partner with Absa, one of South Africa’s leading banks, to make the newly launched Absa Pay available to

Scan to Pay Takes Centre Stage in Spenda’s Fintech Suite

Posted on by kara | 9851 Views | 19 min read

Despite the global move towards digital transacting, 1.4 billion people worldwide remain unbanked. It’s these individuals that payment service providers like Spenda are empowering through the use of innovative payment solutions that address the financial inclusion gap. In its latest move to do so, Spenda has integrated Scan to Pay to launch Spenda Scan to

PAPE Funds Expands Strategic Investment in Entersekt

Posted on by kara | 9965 Views | 12 min read

Entersekt, The Financial Authentication Company, has announced that PAPE funds (PAPE) has expanded its investment in the company. Following an initial investment in July 2022, PAPE Fund 3 recently acquired Nedbank Private Equity’s equity stake in Entersekt, increasing its total investment and ownership stake. Nedbank Private Equity is a division of Nedbank Corporate and Investment

Mastercard, Wowzi, and MDP Unite to Transform Financial Management for Content Creators With $2.04 Million Investment

Posted on by kara | 10912 Views | 14 min read

Mastercard has announced a groundbreaking $2.04 million investment in partnership with Wowzi, Africa’s premier influencer marketing platform, and Masria Digital Payments (MDP). This collaboration aims to transform the financial management landscape for content creators through innovative digital card solutions. The five-year initiative will provide Wowzi’s content creators access to a range of digital card benefits.