The World Tourism Organisation reports that tourism continues to be an important driver of socio-economic development in Africa, after growing from 26 million international tourists in 2000 to 56 million in 2014. According to Wiza Nyondo, Head of Niches at FNB Business, “Tourism in Africa continues to prove its resilience despite numerous challenges across the
MasterCard announced a partnership with Steward Bank, Zimbabwe’s most innovative bank, which will make remittance services available to the bank’s more than 1.5 million account holders. For the first time, the bank’s customers will be able to receive funds sent by family and friends abroad directly into their Steward Bank accounts. This is through international
The rise of e-commerce on the African continent is changing the face of the traditional consumer, and brands need to adapt their business models and strategies in order to remain relevant amongst consumers and avoid a drop in market share. African consumers are increasingly searching online platforms with commercial intent, which include querying prices of
Concorde Solutions, a leading payment service provider in Southern Africa, announced it has achieved the Payment Card Industry Data Security Standard (PCI DSS) 3.0 certification. The assessment and subsequent certification was completed by Foregenix, the accredited industry expert in this field. Concorde Solutions provides integrated payment solutions predominantly in the retail andrestaurant industries and services many of
Access Prepaid Worldwide, a subsidiary of MasterCard, has launched the MasterCard Multi-currency Cash Passport mobile app providing Multi-currency Cash Passport cardholders with added convenience when managing their accounts from anywhere in the world. Available for Apple and Android operating systems, the free app allows users to easily transfer money between purses, review transactions, and track
Gemalto, the world leader in digital security, releases the latest findings of the Breach Level Index, revealing that more than 1,500 data breaches led to one billion data records compromised worldwide during 2014. These numbers represent a 49% increase in data breaches and a 78% increase in data records that were either stolen or lost
2015 will see many more new e-commerce start-ups along with continued growth and innovation by established niche players, predicts PayGate CEO Peter Harvey. “Five years ago we’d load ten start-ups onto our payment gateway for every established business; now the ratio is more like 100 to one,” says Harvey. “The sluggish job market in traditional
Wallet One South Africa has launched W1 Checkout, a payment aggregator for e-commerce merchants and service providers, enabling them to offer customers an increasing number of online and cash payment methods with immediate, safe and secure processing. Electronic payments are processed through Wallet One’s PCI DSS certified payment gateway and 3D secure acquiring partners. Cash payments for online purchases are
FNB’s cardless cash withdrawal has achieved its four year milestone with over R2 billion withdrawn since its launch in February 2011. The feature, added to the existing cellphone banking platform which launched in 2005, answers the need of customers who want to withdraw cash from an ATM but do not have a card present at
South African-based company Nomanini has created a mobile point of sale terminal and cloud-based distribution platform that is fundamentally changing the nature of the prepaid voucher industry in informal markets. This is according to the latest case study from the GSMA, the global association that represents the interests of mobile operators worldwide and the producer
