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
Standard Bank Group Limited has reached agreement with Grupo Financiero Inbursa SAB, the listed Mexican banking group, (“Inbursa”) in terms of which Inbursa will acquire Standard Bank’s Brazilian licensed banking subsidiary, Banco Standard de Investimentos S.A. (“BSI”) for a price to be determined with reference to the closing net asset value of BSI, which is
FNB has enhanced the FNB Banking App for smartphones and tablets to include credit card functionality that will enable customers to manage their credit cards more efficiently from their smart device. The new functionality allows credit card holders to activate and cancel credit cards, order additional or replacement credit cards, and view credit cards and
South Africa-based Net1 Mobile Solutions (“N1MS”), a business unit of Net 1 UEPS Technologies, Inc. together with its long-time partner Supa Pesa, has expanded its Advance Airtime African footprint with the launch of TeleKom Networks Malawi (“TNM”) Airtime Credit service, Pasavute. Pasavute, which means ‘No worries’ in Chichewa, allows subscribers of TNM to purchase airtime
Cards and Payments World Africa 2014 is taking place this week on the 18th and 19th of March at the Johannesburg Convention Centre. It is the place where Africa’s payment specialists meet to discuss the challenges and opportunities in the industry. The show will feature 1200 attendees with 200 VIPs and 80 exhibitors. There will
MTN Mobile Money users, who are also Ecobank customers in 12 African countries, will soon be able to withdraw cash from Ecobank ATMs. They will also be able to transfer money between their Mobile Money and Ecobank accounts. The service was piloted in Ghana last month, and will soon be launched in Benin, Cameroon, Ivory
