Elizabeth McQuerry From Glenbrook Consulting shares her insight on the payments landscape in Southern Africa in her latest blog post. She writes, “Recently I shared my views about the developments underway in the mobile and payments space in Latin America. In that story, I address how individual countries are taking big strides toward reshaping their
FNB kicked off the 2014 Teach Children To Save South Africa (TCTS SA) Programme in association with the Banking Association of South Africa at the Ntemoseng High School in the Botshabelo Township in the Free State on Friday 7 March. “We look forward to this campaign every year because financial literacy is not just for
Online shopping is becoming increasingly popular in South Africa as more and more people are discovering the convenience of transacting online. But while online shopping does offer convenience and great deals it is also important to be aware of the risks and protect yourself accordingly. Fraudsters are increasingly turning to the anonymity of the internet
There’s a new kid on the block in the payments environment that promises to deliver even greater convenience and practicality. It’s called ‘Bluetooth Low Energy’, or BLE, and it’s based on technology which is over a decade old. Be that as it may, BLE promises to revolutionise the way consumers and retailers interact – but
Telecel launched Telecash in Zimbabwe with interoperability as their main trump card and that promise seems to be taking shape. Telecel has announced via their Facebook page that Telecash users could now pay their insurance premiums via the mobile money service. Based on the announcement and advert, the service seems to be only active with
Telkom Mobile, the mobile division of telecommunications company Telkom, and BlackBerry have announced an integrated carrier billing service for BlackBerry smartphone customers in South Africa. The service is made possible through Telkom Mobile’s newly developed Event Billing service and will enable Telkom Mobile customers to purchase applications on the BlackBerry World™ storefront and charge it
Standard Bank Group has produced a stable performance in 2013, increasing headline earnings per share by 14% and net asset value per share by 14%. Group return on equity has increased to 14.1% from 14.0% in 2012. Results at a glance: Headline earnings: R17 194 million, up 15% Headline earnings per share (HEPS): 1 064.9
South Africa’s First National Bank (FNB) has revealed the youth market, aged 18 to 25, has shown the greatest growth in the uptake of its mobile banking app. The bank said the youth market has seen 14 per cent growth this year, rising by 133 per cent from when the app was launched in 2011.
Telecel and MultiChoice Zimbabwe have signed an agreement allowing DStv subscribers to use Telecash to pay for their subscriptions through their mobile phones. Telecash – which launched in January – can be used by its subscribers to send money to any mobile phone user regardless of network and pay bills and for goods and services
RainFin, a South African peer-to-peer lending platform, has announced that Absa Bank have acquired a 49% stake in their business. The investment, cited to be in the tens of millions, will be utilised to support working capital, credit and risk expertise and access to liquidity as well as to grow the business and improve offerings.
