Ecommerce in South Africa: Retail has experienced profound transformation over the past few years, with digital platforms and ecommerce reshaping consumer expectations. However, we are just in the earliest phases of digital transformation, and SME retailers will need to be agile to keep up with emerging customer demands and new competitors. Steven Heilbron, CEO of
“What if a simple financial service could unlock Africa’s economic potential and reshape the way millions of people manage their money?” In the rapidly evolving landscape of financial technology, “Buy Now, Pay Later” (BNPL) services have emerged as a significant trend, revolutionizing how consumers make purchases. These services offer a flexible alternative to traditional credit,
Africa’s Largest Tech Merger Fuels Groundbreaking Expansion From E-Commerce to B2B Digital Services Platform African B2B e-commerce pioneers Wasoko and MaxAB have completed the continent’s largest-ever tech merger following the signing of preliminary terms in Q4 2023. Conducted as an all-stock transaction, the deal establishes a truly Pan-African platform for communities to access essential digital
Leading financial services provider, Efficient Group, is reaping the rewards of an infrastructure modernisation programme, made possible through a partnership with Braintree. Core to this move has been the consolidation of data from a multitude of financial services providers into one Efficient group database – the single view of and for the client. An initial
By Mia Odendaal, Marketing Manager at Ecentric Payment Systems In South Africa’s tech industry, significant strides have been made in recent years to drive innovation through diversity. However, the journey towards cultivating a truly inclusive and supportive environment for women is far from complete. Despite this progress, a pressing need exists for further advancements in
Payment rails can be global or local in nature, and different options might be preferred for different businesses, depending on what their payments needs are and what they’re looking to achieve as a business. In this guide, we look at the existing payment rails in South Africa and how they work together. The payments landscape
The BankservAfrica Economic Transactions Index (BETI), measuring the value of all electronic transactions cleared through BankservAfrica at seasonally adjusted real prices, reflected a welcomed improvement in July by reaching the highest level since May 2022. “The July BETI of 136.7 was 0.5% higher than in June and signalled a continuation of the economic momentum observed
It has been an exciting year for payments and payments technology. Our Payments Product Manager, Rinske van der Bijl, has discussed the latest highlights and additions to Electrum’s Clearing House Payments offerings. Dear Electrum Payments Community It’s impossible to start this letter without mentioning our excitement about PayShap RTP (request-to-pay), that is fast becoming a
dLocal, a Uruguayan cross-border payment platform, has forged a partnership with iTransfer, a money remittance company. Their collaboration aims to address the complexities of cross-border payments in emerging markets, with a focus on mitigating currency risks and enhancing transfer efficiency. The partnership’s primary objectives include offering competitive rates, providing real-time currency updates, and increasing flexibility
Sabipay Technologies, a subsidiary of fintech Pesapal Limited, has been granted a payments system business licence by the Bank of Zambia. The fintech announced the development yesterday, stating that it signals a significant extension of Pesapal’s presence in the Zambian payments landscape. The payments system business license, according to Pesapal, is a crucial approval that
