What is an Internet Merchant Account? A standard Merchant Account is a facility established by a bank which enables a company to route money from credit card sales to an account which holds it before transferring it to the business’ own account. Any business which wishes to accept credit card payments must therefore have a
PayFast sellers can start accepting Bitcoin payments from local and international buyers. (Note that Bitcoin payments are currently in beta testing mode.) PayFast entered into an exciting partnership with South Africa’s biggest Bitcoin exchange, BitX, which will allow buyers to make Bitcoin payments to PayFast sellers. What makes this different from most Bitcoin platforms/transactions, is
Telecel has introduced a debit card for Telecash subscribers, the Telecash gold card, which they can use to pay for goods and services at any of the more than 5 000 ZimSwitch points of sale across the country. It is the first mobile phone network to have issued debit cards for its mobile electronic wallet
South Africans will now benefit from a more seamless, speedy and secure online shopping checkout with the launch of the innovative MasterCard digital service, MasterPass. MasterPass enables consumers to make convenient, simple, fast and secure digital payments. Digital wallets accessible through the MasterPass acceptance network allow consumers to store all their MasterCard or other branded
When four-time world surfski champion Dawid Mocke started gaining international interest in his line of personal flotation devices and other paddling gear, he quickly realised an effective e-commerce website and an easy-to-use payment gateway were essential. “We have a niche business in a fiercely competitive field and it’s essential to make the experience as easy
uAfrica.com, a leading South African eCommerce technology company, has announced the launch of the first phase of its expansion plan into the rest of Africa. The first phase targets Nigeria with a trial Proof of Concept (POC) partnership with MTN Business customers who will be able to develop their own online shops through uAfrica.com. Phase
A few days ago, Telecel’s General Manager, Angeline Vere disclosed that the company’s mobile money service that was launched 5 months ago, Telecash, now has 600,000 registered subscribers. This is an impressive number in a number of ways, but mostly in comparison to Econet’s EcoCash, which has generally been regarded a success. Consider for example
Barclays Bank of Botswana, has partnered with Bytes Managed Solutions, the exclusive distributor of NCR technology solutions in southern Africa, for the installation of intelligent cash deposit ATMs. Last month, the bank launched a new generation of ATMs that provide customers with convenient ways of banking outside the banking halls. The ATMs are specifically designed
MasterCard’s Multi-currency Cash Passport, a prepaid Chip and PIN-protected travel card, is now available from 54 American Express Foreign Exchange bureaux countrywide. As the only product of its kind in South Africa that can be preloaded with up to four currencies (U.S. Dollars, Pound Sterling, Australian Dollars and Euros) at once, the MasterCard Multi-currency Cash
Emerge Mobile, a South African based technology company in the mobile payments space, has announced the commercial launch of its Edge MPOS payment card acceptance solution. iKhokha, a South African, Cape Town based financial services brand created by Emerge Mobile, is the inaugural go-to-market vehicle for The Edge, which is a secure and compact Chip
