In a further move to fulfil international demand for its products and services, South African payment solutions provider Stanchion Payment Solutions has opened a European regional office based in London. The company’s entry into the European financial services technology sector follows a year after the opening of a Middle East and North Africa regional office,
South African mobile operator MTN has partnered Naspers-owned PriceCheck.co.za to release a mobile application for price comparison in the country. The app will be available on iOS, Android and Windows Phone devices, and will come preloaded on MTN’s Steppa smartphone. The companies said the partnership between a mobile operator and e-commerce platform highlights the importance
Intellidex, a specialist financial services research house has conducted a survey of South Africa’s banking sector, naming Capitec Bank as the best bank in the country. According to Intellidex, the purpose of the Bank of the Year survey was primarily to garner banking clients’ views on their banks across a range of products and service
The latest MasterCard Online Shopping Behaviour Study reveals that 90% of South African respondents cite the availability of secure payment facilities as critical when shopping online. Concern around the safety of online transactions was the reason 42% gave for not shopping online in the last three months, up 4% from last year. When asked how
Gabriel Swanepoel recently posted some interesting insights into the commerce trends in South Africa on the Verifone blog. Here is a look at what he had to say: “If you were living in or visiting South Africa a decade ago, chances are most of your purchases would have been made by cash. Today, things are
Latest statistics released by the Spark Cash Index (SCI), which measures the average value of cash withdrawals across more than 2 300 Spark Automated Teller Machines (ATMs) throughout South Africa, showed a marginal decrease in ATM withdrawal levels for February. The SCI revealed a month on-month decrease of 0.08% in average cash withdrawal figures for
Zimbabwean mobile money platform Telecash has seen the number of agents and merchants utilising the service rise 63 per cent, from 1,600 to 2,600, since it was introduced at the end of January. HumanIPO reported earlier this year mobile operator Telecel had launched Telecash, allowing subscribers to use their phones as a digital wallet to
South African startup TuYu is claiming to be the “pioneer” in the country’s mobile corporate reward and incentive industry, having developed an all-encompassing solution to fit a variety of needs and budgets. TuYu’s aim is to allow its clients to receive and redeem rewards in a secure and convenient manner by using their mobile phones.
“I was recently asked whether I felt that the closure of the four online shopping portals – SA Camera, Style36, 5 Rooms and Kinderelo – by media giant Naspers, was an indication that South Africa is not yet ready for online retail and that there is no money to be made in the industry,” said
South Africa’s Standard Bank has announced the release of a new mobile app, offering increased functionality to its client base. The app is available on Android and iOS tablets with an additional release due later this year increasing flexibility on smartphones. “Standard Bank’s app for tablets is set to transform mobile banking and the way
