One only needs to take a quick look at a website like scambuster.co.za to get a first-hand sense of how prevalent payment crime and fraud is. Regardless of the platform; whether traditional classifieds, online trade sites like OLX or Gumtree, or simply the phishing scams that come to your inbox, payment crime and fraud are
SwaziBank announced the launch of the MasterCard Festive Campaign in Swaziland, just in time for the festive season. The Campaign will reward the banks customers for purchases made on weekends only during the months of October to December 2015, when they use their MasterCard debit card for purchases at selected malls. SwaziBank customers will be
MoneyGram, a global provider of innovative money transfer services, and Econet Wireless, the leading mobile operator in Zimbabwe, announced the launch of a new service that enables customers from more than 200 countries and territories worldwide to transfer funds via EcoCash, Zimbabwe’s leading mobile money transfer solution. The new offering means that more than 4.9
Mukuru announced it had entered into partnership with Malawi Posts Corporation (MPC) to allow for easy access of remittances to Malawi. The partnership will allow for Mukuru customers in Malawi to easily collect cash sent from South Africa, the UK, Canada and European Union from any of the 182 Post Offices across Malawi. This brings
South African-based enterprise payments platform provider, Nomanini, has raised an undisclosed round of funding from impact investment firm Goodwell Investments. The investment in Nomanini is the second on-the-ground investment made by Goodwell Investments in South Africa from its EUR 50 million uMunthu fund, which is targeting startups and high growth companies in the financial inclusion
Mozido Africa, a subsidiary of Mozido, Inc., announced the opening of its African headquarters in Johannesburg, South Africa. This represents a key milestone in the expansion of Mozido and the company’s commitment to the continent of Africa. Africa has some of the fastest growing mobile money markets worldwide. Providing African consumers access to Mozido’s innovative
FNB Islamic Banking is proud to announce that its Chief Executive Officer, Amman Muhammad, has been awarded the prestigious “Upcoming Personality in Global Islamic Finance – 2015” award and title at the Global Islamic Finance Awards (GIFA) 2015 gala event that was held in Manama, Bahrain recently. The GIFAs recognise and celebrate the success and
Mukuru, an African focused remittance company, has recently launched a storecard in Zimbabwe in partnership with local retailers Halsteds and Electrosales. Mukuru users in South Africa will be able to send US Dollar credit onto a Mukuru Storecard for their recipient who can then use the card to shop at a discounted rate in partner
The African chapter of the ATM Industry Association has published a commissioned study on retail payment trends in South Africa for its online member Market Intelligence Library. “With 12 million new consumers added to the economy in the last ten years, along with an expanded banked community, the payments pie is getting bigger and bigger,”
Fundamo founder, Hannes Van Rensburg, generally considered the father of mobile payments, has joined the advisory board of Nomanini, a South African-based, enterprise technology transactions platform provider, saying the company is well placed to be a market leader within a niche space. The company’s platform facilitates cash transactions in informal markets, allowing enterprises to bolster
