South African small and mid-sized merchants cite cost (34 percent), data security concerns (23 percent) and lack of know how (21 percent) as the greatest barriers to technology adoption, according to the new MasterCard Merchant Scope study. The study investigates how small and mid-sized merchants from the retail, services, restaurant and hospitality industries use technology,
FNB announced that, as part of its smart device range, it will now offer a tablet to its customers for R99 per month, making smart devices affordable for South Africans who previously would not have been able to purchase one. The Lenovo Ideatab, which comes with a free protective cover, includes all the features one
The evolution or revolution of the retail environment is one of the most dynamic industries affecting almost anyone who knows how to turn a computer on. According to marketingpilgrim.com, the US online retail spend will reach just under $300 billion this year alone so it would be interesting to understand how the South African online
PayPal, a leading global payments company, announced that four years after a landmark deal with First National Bank made it possible for people and businesses in South Africa to make and accept PayPal payments, more than one million accounts have now been opened. With 152 million active accounts in 203 markets around the world, PayPal
Tranwall Limited, in partnership with Payment Express Mauritius, has successfully completed the implementation of Tranwall Transaction Control for the OMCARD Namibia project. Tranwall Transaction Control enables the OMCARD to empower their cardholders with the ability to secure their cards by using mobile telephony to switch their cards ON or OFF for specific transactions types, such
Transaction processing specialist Ecentric Payment Systems is boosting the performance and security of transactions by implementing hardware encryption devices supplied by Stanchion Payment Systems. The Futurex devices are unseen to the general public, yet perform an essential function every time a credit, debit or other card is used: they make sure the information exchanged between
Nomanini announced that informal vendors and micro-entrepreneurs across Africa have made a million cash transactions using its tough terminal. The South African-based mobile Point of Sale platform was created to enable cash transactions in emerging markets. It has proven popular for the distribution of mobile prepaid airtime and electricity with plans to enable other transactions,
First National Bank and NCR Corporation, the global leader in consumer transaction technologies, won the award for “Best ATM and Kiosk Project in Africa”, at The Asian Banker’s Middle East and Africa Country 2014 Award ceremony. FNB was the only bank in Africa to win an award in this category and was joined at the
Headline earnings from continuing operations increased 12% to R9 338m. However, headline earnings which were negatively affected by the performance of discontinued operations, increased by 2% to R8 306m. Headline earnings per share were up 1% while the group’s return on equity showed a decrease to 12.7% from 13.8%. As communicated to shareholders in June
Paynow, the Zimbabwean internet payments platform developed by Webdev has decided to give local internet payments a shot in the arm by working with developers. Together with Hypercube Hub, Paynow will be hosting a developer day at the tech hub on Saturday 16 August 2014. The day long event (9 am to 5 pm) will
