A few days ago, TechZim broke the news that Econet and the banks are finally warming to each other on the issue of banks being granted access to Econet subscribers so they also provide mobile money transfer service to them. The banks are not completely happy yet, but integration talks are on and some of
Cambria Africa says it is excited by the prospects of the Millchem and Payserv businesses, which are being rolled out regionally. The two business units have made good progress and achieved significant milestones in their regional expansion. The latest update shows that, with the focus on Millchem and Payserv, Cambria is now looking forward positively
Standard Chartered has announced the opening of an onshore banking subsidiary in Angola, together with ENSA, a leading Angolan insurance company. The Bank has signed a joint venture with ENSA in which Standard Chartered is the majority shareholder, with 60% of the share capital of the bank, and ENSA with 40%. The subsidiary, which will
Absa Bank, a wholly-owned subsidiary of JSE-listed Barclays Africa Group, welcomes the announcement by the president of Sumitomo Mitsui Banking Corporation (SMBC), Mr.Takeshi Kunibe, that will result in further business cooperation between the two banks. The latest cooperation agreement signed on 12 January 2014 in Maputo, Mozambique, focuses on the development of Mozambique’s natural resources,
Online retailing has grown significantly in the last few years and increased online transactions are proving that South African consumers are feeling more and more comfortable translating their previously traditional purchasing habits to the more interactive and fast-paced online environment. Christy Turner, Co-Founder of Webtickets, the market leader in integrated online ticketing solutions in South
Emerge Mobile, a South African based technology company specialising in the mobile point of sale (MPOS) payments space, has achieved Payments Council International Payment Terminal Security (PCI-PTS), and Europay, MasterCard and Visa (EMV) Level 1 and 2 certifications for its MPOS payment card acceptance solution. This is the first time a fully South African designed,
BankservAfrica, Africa’s largest automated clearing house and ebpSource, a leading global electronic bill presentment and payment solution provider are rolling out South Africa’s first bank-based electronic billing and payment service. The new service is being introduced to consumers through connected online banks. BankservAfrica manages the electronic bill presentment and payment (EBPP) service on behalf of
INETCO Systems Limited, a provider of transaction monitoring and analytics software, announced that Nedbank, one of South Africa’s largest banks, has licensed the INETCO Insight business transaction management (BTM) solution. Having grown by over two million individual and small business clients over the last two years, Nedbank chose INETCO Insight to improve the bank’s operational
Since TCI organised the first ever conference in South Africa that highlighted the payments industry in 2012, the payments landscape has changed considerably. With an increase in competition in the payment industry, financial institutions, retailers and service providers are under constant pressure to be on the forefront of new developments. With the role of technology
Zipcash, the money transfer service from Zimpost is reported to have earned $300,000 in commissions during the period between October and December 2013 according to reports in the Herald. The state owned postal service company (Zimpost) launched Zipcash in October 2013 as a replacement or upgrade of the traditional money order system that was in
