Explore the latest developments, challenges and opportunities by attending South Africa’s foremost Next Generation Payments event and hear from highly distinguished speakers coming from the SADC region and internationally based expert speakers; a 3 day event running from 5,6 and 7 March 2014. The increasing use of mobile platforms, retail cash sending transfers, near field
FNB Zambia and Visa have introduced the annual Card Security Briefing, an initiative aimed at creating greater awareness amongst consumers to adopt cards as a safe and convenient way to make their daily purchases. Over time, cards have increasingly become popular way of paying for goods and services in Zambia. FNB forecasts that the value
The banking industry is pleased to announce that debit card fraud losses have decreased by 42% for the period 1 January- 30 September 2013. This is according to the latest banking industry’s card crime statistics as released by SABRIC (The South African Banking Risk Information Centre). This figure is significantly lower when compared to the
Chek Africa Holdings, a South Africa privately owned eCommerce Company, announced the launch of cheklocums.co.za, a real-time e-recruitment platform focused solely to locum professionals and employers in the healthcare industry. The platform embraces the locum industry by encompassing its innate flexibility with functionally rich e-recruitment solutions, making it the ideal tool for healthcare employers to
FinMark Trust has released its annual FinScope South Africa 2013 survey results. This year’s study reveals a significant increase in financial inclusion compared to last year from 28.9 million people in 2012, to 30.7 million in 2013. Significant increase in financial inclusion This growth in financial inclusion is mainly due to an increase in borrowing,
eCentric has announced a new company name, corporate identity and website. Effective immediately they have changed their company name and branding to Ecentric Payment Systems. This year they are celebrating their 15th year in the payments processing industry. Through their industry experience they have diversified their business to offer a comprehensive suite of payment services
Since its launch in May this year, Absa’s Multi-currency prepaid travel card has generated 12 000 card sales and more than R250 million in transactions. From a zero base six months ago, the service now accounts for 77% of all Absa travel card sales. In a first-to-market in South Africa, the cash passport allows South
Nedbank Group unveiled Africa’s first ever banking branch that fully offsets its energy usage through renewable energy sources. The Lansdowne Corner branch situated in Cape Town utilises an innovative hybrid power installation, effectively making it a 100% off-the-grid outlet. The grid-tied renewable energy system harnesses solar and wind energy and converts this to standard mains
Ingenico, a leading provider of payment solutions, announced an agreement between its local Value Added Reseller – African Resonance – and Standard Bank, a major Pan-African banking group and one of the four major acquiring banks in South Africa, to implement an innovative outsourcing business model. Within the framework of this agreement, African Resonance will
FNB reports that monthly non-cash purchases by customers in its Consumer Segment have surpassed cash withdrawals at its ATMs by R800m. The dominance of card over cash is very new in the financial services sector. Two years ago, FNB Consumer Segment customers withdrew R1.3bn more in cash than the value of card purchases. Across the
