Absa Signs Mozambique Cooperation Agreement with Sumitomo Mitsui Banking Corporation

Posted on by wademinnie | 16560 Views | 6 min read

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,

5 Top South African Online Retail Trends for 2014

Posted on by wademinnie | 7981 Views | 12 min read

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’s MPOS Solution Achieves PCI-PTS Certification

Posted on by wademinnie | 8853 Views | 19 min read

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,

New e-Billing and Payment Services for South Africa

Posted on by wademinnie | 11815 Views | 14 min read

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

Nedbank Chooses INETCO Insight for Payment Platform Transaction Monitoring

Posted on by wademinnie | 12708 Views | 12 min read

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

TCI Presents Next Generation Payments Southern Africa Conference & Exhibition 2014

Posted on by wademinnie | 6625 Views | 6 min read

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

$300,000 for Zimpost’s Zipcash Money Transfer Just Three Months After Launch

Posted on by wademinnie | 10585 Views | 4 min read

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

Zimbabwe Implements Tax on Mobile Money

Posted on by wademinnie | 7481 Views | 4 min read

The Zimbabwean Government has decided to implement a tax on all mobile money users. The five cent tax will be charged on all transactions and will allow the government to track mobile money usage in Zimbabwe in a similar way to the transaction tax collected on all ATM withdrawals and banking transactions. The new tax

Nedbank Taps into IBM Analytics to Improve Customer Experience by Leveraging Social Insights

Posted on by wademinnie | 14472 Views | 7 min read

IBM has announced that Nedbank Limited, a leading financial services provider throughout Southern Africa, is using IBM’s predictive analytics solutions to improve the customer experience and provide more responsive real-time services. As a result of this technology implementation, the bank has reduced social media monitoring costs by over a million rand a year (US$105,000 per

Zimbogini Online Store Partners with Zimpost

Posted on by wademinnie | 7632 Views | 10 min read

Zimbabwean  e-commerce startup Zimbogini officially launched a revamped e-commerce website with new features at an event held in Harare towards the end of last year. Although Zimbogini has been around for a while now, the (re)launch was primarily centred around the new payment features and partners they now have on board. Zimbogini.com is now vPayments