Visa Checkout Reaches Milestone of 20 Million Enrolled Consumers

Visa Inc, announced that Visa Checkout, the easier way to use a Visa card online, is sustaining tremendous growth, reaching more than 20 million enrolled accounts worldwide. Visa Checkout enables millions of consumers to pay in just a few clicks on any device around the web with some of the world’s top merchants. Joining South

FNB Launches Augmented Reality On Its App

FNB continues to shape the future of banking by introducing Augmented Reality and FNB TV on the FNB Banking App. Launched this week, the eBucks Partner locator on the FNB App uses augmented reality technology to help customers find nearby eBucks retail partners, and FNB TV to help customers navigate banking easily with video clips

Consumers Making Fewer ATM Cash Withdrawals

For the first time ever, FNB data is showing that middle income earners are making fewer cash withdrawals at ATMs and instead opting to use point of sale devices, electronic transactions and cash tills from select retailers. “For our Gold account customers who earn from about R80 000 to R300 000 a year, we are

PCI Looking to Grow the Payments Security Ecosystem with New Certifications

There is a growing complexity in the payments security landscape. As the ecosystem evolves and more devices become connected, so too do the associated risks. Speaking before the PCI Middle East and Africa Forum held in Cape Town this week, Mauro Lance, Chief Operating Officer at the PCI Security Standards Council acknowledged that the profile

250,000 African Merchants Will Be Financially Empowered By Masterpass QR

Merchant service provider, Kopo Kopo, announced their partnership with Mastercard to roll out Masterpass QR across 11 markets in Sub-Saharan Africa, impacting over 250,000 micro and small businesses over the next five years. The mobile payment solution will deliver an efficient and secure acceptance solution for micro, small and medium enterprises (MSMEs) and a convenient

250,000 African Merchants Will Be Financially Empowered By Masterpass QR

Merchant service provider, Kopo Kopo, announced their partnership with Mastercard to roll out Masterpass QR across 11 markets in Sub-Saharan Africa, impacting over 250,000 micro and small businesses over the next five years. The mobile payment solution will deliver an efficient and secure acceptance solution for micro, small and medium enterprises (MSMEs) and a convenient

Tips To Bank Safely On Your Smartphone

As more consumers embrace the ease and convenience of accessing banking services through their mobile devices, it is becoming more essential for them to protect themselves from fraudsters by constantly keeping up to date with the latest Apps and security measures. Kartik Mistry, Head of Smart Devices at FNB says, “Although technology allows you to

Tips To Bank Safely On Your Smartphone

As more consumers embrace the ease and convenience of accessing banking services through their mobile devices, it is becoming more essential for them to protect themselves from fraudsters by constantly keeping up to date with the latest Apps and security measures. Kartik Mistry, Head of Smart Devices at FNB says, “Although technology allows you to

Wirecard AG Acquires South African Payment Service Provider

Wirecard AG acquired all shares of MyGate Communications (Pty) based in Cape Town, South Africa. MyGate is a leading payment service provider (PSP) in Africa. The company operates one of Africa’s largest and fastest growing online payment gateways and was recently voted the best online payment gateway in Africa in 2016. MyGate’s enables merchants across

Capitec Bank Invests €21M in European Fintech Creamfinance

Creamfinance, a leading consumer finance provider and the fastest-growing European fintech, announced the closure of a €21 million deal in Series B financing with Capitec Bank Holdings Limited (“Capitec”). This round follows a €5 million in Series A investment from international venture capital fund Flint Capital. Capitec is listed on the South African stock exchange