Entersekt announces New Investment from PAPE Fund 3

Entersekt, a global leader in device identity and payment authentication, today announced a new investment from PAPE Fund 3 (PAPE), an established mid-market South African private equity fund. The transaction was signed on 24 May 2022 and follows an investment by Silicon Valley-based Accel-KKR in December 2021. Entersekt was founded in Stellenbosch in 2010. The

Crossfin takes Stake in VantagePay in Pre-Series A Capital Raise

Vantage Africa Limited, trading as “VantagePay”, a payments and technology company, has announced that Crossfin Holdings (Proprietary) Limited (“Crossfin”) has acquired a meaningful stake for an undisclosed sum. Barry Lobel, VantagePay’s CEO and co-founder welcomed Crossfin’s investment. “VantagePay has developed a leading cloud-based payments platform to address the massive latent demand for access to trusted

Alphacode Awards R2,5m and Support to Pandemic-founded Tech Startups

SA’s finest tech startups which were founded during the pandemic went head to head at a virtual demo day yesterday where they had just 10 minutes each to convince a panel of judges that they should remain part of the next phase of the AlphaCode Incubate programme. Fiver of the eight startups which just completed

Mastercard and OPay Announce Strategic Partnership to Grow Cashless Ecosystem and Advance Digital Financial Inclusion for Millions

Partnership will enable OPay customers to pay on global online platforms backed by Mastercard’s secure Mastercard virtual payment solution linked to the OPay wallet OPay consumers will enjoy a superior digital experience for multiple lifestyle services and new digital commerce opportunities for, with or without a bank account In addition to digital commerce enablement, the

Why Halo Dot is a Game-Changing Technology

Halo Dot is a contactless card payment technology that allows merchants to make sales and accept payments directly on their mobile phones. It has the potential to massively disrupt how payments take place in a digitally-driven world. Pierre Aurel, Head of Product at Halo Dot, explains the reasons why merchants and their customers should embrace

Sassa Urges Social Grant Clients to Use Other Payment Methods Due to Cash Challenges

The South African Social Security Agency (SASSA) regrets to confirm that as from 11 May 2022, the cash pay points at which social grant clients normally access their social grant funding, will not be serviced – as a result of challenges beyond SASSA’s control. This challenge is extended to post office outlets as well, so

Payflex: Customers Twice as Likely to Recommend Buy Now Pay Later than Banks

South African customers who have used buy now, pay later to purchase goods would overwhelmingly recommend it as a payment method. In contrast, customers of South African banks aren’t even half as likely to recommend financial services from their banks. This emerged in a survey of over 7,300 customers of BNPL fintech Payflex, who gave

Entersekt Partners with Capitec Bank to boost Security and Reduce Friction for E-commerce Transactions

Entersekt integrates NuData Security’s behavioural analytics intelligence into its EMV 3-D Secure solution to provide Capitec customers with real-time risk-based authentication for online purchases Entersekt, a global leader in device identity and authentication solutions, today announced that Capitec Bank has implemented its innovative EMV 3-D Secure solution that boosts the security of e-commerce payments, while

1Stream: How CRM Tools can Help you Build Customer Loyalty

A loyal customer base is good for business. But how do you ensure customer loyalty and how can you both retain and grow your customer base? According to numerous studies and insights, one of the most valuable investments your company can make in terms of both retaining and gaining customers is to have an effective

FutureBank: Smart Partnership Experiences will Define which Banks Survive and Thrive

By Sergio Barbosa, CIO of enterprise software development house, Global Kinetic, and CEO of its open banking platform, FutureBank. Like the telecommunications companies, global banks are in a race to ensure they don’t become a dumb utility, leaving the more agile fintechs to capture an increasing share of their digital-forward customers. However, while some banks