The financial services industry is under increased threat from cybercriminals who use ingenious methods to attack institutions and consumers. Cybercriminals are employing ever more sophisticated means to intercept online transactions and commit fraud. Banks, financial services companies and consumers are permanent targets in this online battleground, while countermeasures have to be able to track an
African Development Bank President Akinwumi Adesina and South African Minister of Finance, Malusi Gigaba, signed a Host Country Agreement on Friday, August 18, establishing the Bank’s Southern African Regional Development and Business Delivery Office in Pretoria, the country’s capital. The office will serve as one of five regional hubs for the pan-African development finance institution
Chinese tourists in South Africa will have more opportunities to pay via smartphone as Alipay, the world’s largest online and mobile payment platform, operated by Ant Financial Services Group (“Ant Financial”, “Ant”), partners with Zapper, the fast-growing mobile payment, customer insights and digital marketing platform developed in South Africa. This partnership will allow them to
United Bank for Africa Zambia (UBA) announced the launch of the first Mastercard debit card in Zambia to financially empower its citizens. Focused on displacing cash, the electronic payment solution will deliver a quick, convenient and secure payment alternative for citizens – instantly. In line with the bank’s strategic vision, UBA is introducing innovative payment
Direct Pay Online Group (DPO) is the first payment service provider (PSP) in Africa to receive the Payment Card Industry Data Security Standard (PCI DSS) Level 1 certification in 12 African countries. This comes after the successful completion of comprehensive audits in the Group’s global headquarters and all its other markets which include Kenya, Tanzania,
Women are steadily catching up to men when it comes to cashing in on the convenience of sending and receiving money via eWallet on the FNB App. The latest data revealed by FNB eWallet Solutions shows that in the six months to June 2017 the percentage eWallet sends by male users on the FNB App
Women are steadily catching up to men when it comes to cashing in on the convenience of sending and receiving money via eWallet on the FNB App. The latest data revealed by FNB eWallet Solutions shows that in the six months to June 2017 the percentage eWallet sends by male users on the FNB App
Direct Pay Online Group (DPO) has announced the acquisition of Virtual Card Services (VCS) South Africa. This marks the completion of DPO’s purchase of VCS Group, post the earlier acquisition of VCS Namibia and VCS Botswana. Furthermore this acquisition further bolsters DPO’s leading position in Southern Africa post its previous acquisitions of PayThru and PayGate.
mHITs (pronounced Em-HITS), the leading Australian FinTech mobile remittance pioneer, has announced a new and very affordable way to transfer money from Australia to Zimbabwe using mobile money. The Australian mHITs Remit mobile remittance service now provides instant, convenient and low cost money transfer from Australia to Zimbabwe with a $5 fee for any transaction amount. “For the
CROSSFIN Technology Holdings announced that it has financed the acquisition of the South African subsidiary of leading global corporate services company Edenred through its portfolio company Innervation. Speaking of the deal, CROSSFIN COO Anton Gaylard says the acquisition creates a compelling value proposition for South African corporates. “According to the latest Deloitte Human Capital Trends,
