BeepTool Partners with Conect2U in South Africa Expansion

BeepTool, who has nearly 40,000 users around the world, is expanding to offer its popular vouchers in South Africa. Starting today, users will be able to top up at internet cafés and schools across the country, thanks to a new distribution partnership with Conect2U, a Welkom-based technology company. The vouchers are available in small denominations,

StreetCred Secures Exclusive Partnership with Nomanini

Zambian airtime distributor StreetCred (Zambia) Ltd. secured an exclusive partnership with Nomanini – a South African-based mobile point of sale service that specialises in facilitating cash transactions in informal markets. Vahid Monadjem, CEO of Nomanini, comments: “We have been working with StreetCred for the past nine months or so, trialing and increasing the number of

Mobile Payments, Banks Drove Excellent e-commerce Growth in 2014

Online shopping hit the mainstream in South Africa during 2014, says e-commerce payment services provider PayGate and the growth is set to continue during 2015. “The number of merchants we serve doubled this year, and the vast majority of those are new entrants to the market,” says PayGate CEO Peter Harvey. “We’ve also seen significant

E-Kwanza Mobile Payment Service Launched in Angola

Angolan Investment Bank (BAI) has launched e-Kwanza a mobile money service that allows users to make transfers and payments for goods and services across the country. In a statement the bank said the service allows its individual customers to transfer money to family and friends anywhere in the country and make payments easily, quickly and

Supermart.ng, BidorBuy, Yuppiechef join eCommerce Africa’s advisory panel

Organisers of eCommerce Africa Conference 2015 have announced members of the conference’s advisory panel. They are Nigeria’s Supermart.ng, South Africa-based Bidorbuy.co.za and ecommerce platform Yuppiechef.com Participants at the conference will enjoy tech demo sessions, networking opportunities, cocktail functions and supplier demonstrations. The expert-led advisory panel which includes Raphael Afaedor, Co-Founder of Jumia, and CEO and

Management Changes at BancABC

ABC Holdings Limited announces that Doug T. Munatsi, Group CEO, Beki Moyo, Group CFO, and Francis M. Dzanya, Group COO, will be stepping down from their roles at BancABC at the end of the year. This follows Atlas Mara Co-Nvest Ltd’s (“Atlas Mara”) successful completion of its acquisition of BancABC in August 2014. Since the

Exchange4free Licensed as Independent Money Transfer Operator in SA

Exchange4free have been appointed as an Authorised Dealer in foreign exchange with limited authority in South Africa to operate as an independent Money Transfer Operator by the South African Reserve Bank. This licence is issued under the new Category 3 Money Transfer Operator license allowing ‘Person to Person’ remittances out of South Africa independently of

Age of “Big Data” Beginning to Filter Through into the Banking Environment

In the era of information, the bank with the most actionable insights is the winner. The age of “Big Data” has begun to slowly filter through into the banking environment, with banks being able to design customer-centric solutions using statistical models and information gathering techniques. So, just, what is Big Data? The term refers to

Capitec Bank Named Best at Customer Service in Financial Industry

Capitec Bank, powered by Qmatic Customer Experience Management (CEM) solutions, has been voted South Africa’s favourite financial institution in terms of customer service. Capitec Bank took first place for financial services and third place overall across 32 major industries in the Ask Afrika Orange Index Award, the largest and most widely-referenced service excellence benchmark in

Vodacom’s M-Pawa Hits a Million Mark in Tanzania

Vodacom’s  mobile money transaction service M-Pawa, launched in May 2014, in partnership with Commercial Bank of Africa (CBA), has reached one million customers, the telecom firm announced in Dar es Salaam. M-Pawa enables customers to open a bank account on his or her mobile phone and has helped Vodacom subscribers save and borrow money. The