Traderoot and Wemvula Partner to Deliver Revolutionary PayedNow Solution

South African Fintech companies Traderoot in collaboration with Wemvula today announced a partnership that will see the two entities bringing the revolutionary PayedNow instant payment solution to the local market. PayedNow is a pioneering solution under the umbrella of Wemvula Fintech, that has been developed with the specific aim of bridging the gaps that traditional

Visa’s Digital Authentication Framework and Mastercard’s Token Authentication Framework: Getting set for this seismic shift in the payments landscape

Over the past few years, the evolution of standards such as 3D Secure 2 (3DS2) and regulations such as the Strong Customer Authentication requirements in Europe’s Payment Services Directive 2 has helped to contain the growth of card-not-present (CNP) fraud. Yet with online transactions growing at a rapid rate, the payments sector can’t afford to

Southern African Fintech Start-Ups Receive Investment Readiness Support for Financial Access Solutions

Ten innovative Southern African start-ups received awards for their solutions to bridge the gap in financial access for underserved communities. The Fintech Challenge was part of the ecosystem development initiatives under the Southern Africa Innovation Bridge Portal supported by the World Bank to crowd-source new and impactful ways to utilise the latest innovations in fintech.

DRUID Forms Strategic Alliance with MoData: Pioneering AI-Powered Customer Engagement and Fintech Solutions

DRUID, an AI-driven conversational leader, has announced its strategic partnership with MoData (Pty) Ltd, an emerging forerunner in AI-powered customer engagement, fintech and data-driven financial applications. This collaboration is poised to blend DRUID’s advanced conversational AI capabilities with MoData’s transformative financial business operational insights, equipping businesses with powerful tools to maximise digital adoption strategies while

Stanbic Commits to Local Business Growth

Stanbic Bank says it is committed to focus on the growth of local businesses and is well positioned to offer fit for purpose banking services to local businesses in the country. Speaking during his country visit to Zambia, Standard Bank Chief Executive Officer for Business & Commercial Banking, Mr Bill Blackie said that Standard Bank,

Ecobank Wins Coveted Euromoney Award as Africa’s Best Bank for SMEs

Ecobank, the leading pan-African Banking Group, has been named Africa’s Best Bank for SMEs (small and medium-sized enterprises) by the prestigious Euromoney Awards for Excellence for the second year running, having also won the accolade in 2022. Jeremy Awori, Chief Executive Officer, Ecobank Group, said: “This award reflects Ecobank’s absolute commitment to supporting African SMEs

Unlocking Africa’s E-Commerce Potential With Alternative Payment Methods – Ecentric Payment Systems

By Quintin van der Linde, Senior New Business Developer at Ecentric Payment Systems Africa is projected to have more than half a billion e-commerce users by 2025. In part, this can be attributed to the growing adoption of alternative payment methods in the wake of the pandemic. With 45% of the population in Sub-Saharan Africa

The Power of Payment Technology in Bolstering SA’s Rural and Informal Businesses – PAYM8

The size of a small, informal, or rural business shouldn’t be an obstacle to them attaining the same growth rate as larger, more formal enterprises. In fact, their smaller scale should be an advantage with fewer bureaucratic hurdles and greater flexibility. But in reality, rural businesses and informal traders are often limited by access to

The Future of Trade Finance in Sub-Saharan Africa Amidst Hard Currency Challenges

With foreign exchange shortages plaguing sub-Saharan African economies, Bank One’s Head of Trade, Gerald Ndosi, explains what measures can be taken to overcome US dollar liquidity challenges, promote trade finance, and foster sustainable economic growth in the region International Trade is conducted in the currencies of major economic powers, largely the US dollar, European Union

Mastercard and PayU Launch First Click to Pay Embedded Payments Experience in South Africa

• Launch of global Click to Pay embedded payments experience solidifies Mastercard’s partnership with PayU, along with their merchants. • PayU, a leading Payment Service Provider in South Africa, is the first to launch this payment method in the country. Mastercard, in partnership with PayU, today announces the launch of Click to Pay in South