The volume of remittances coming into Zimbabwe could easily be trebled if the process of sending money is put on Econet Wireless’ EcoCash platform. After nearly nine months of development, Econet says it is now putting the final touches to a platform that will allow remittances to be made between South Africa and Zimbabwe. Zimbabweans
Ann Cairns, President of International Markets, MasterCard, with Peter Schlebusch, Group Executive, Standard Bank Group celebrate the signing of an agreement strengthening the relationship between MasterCard and Standard Bank Group for another five years. This agreement will expand the remit of MasterCard across the African countries where Standard Bank is present and leverages the use
Version 1.2 of MPress, iVeri’s MPos solution is now available in BlackBerry World. This means that iVeri now has MPos apps for Android, Apple and BlackBerry. For iVeri customers this increases the potential pool of merchants which can be serviced. The App is compatible with all BlackBerrys running operating systems from 5 to 7. Development
The Solidarity Bank Charges 2013 report shows that FNB’s Easy Account is the cheapest full-service bank account in South Africa. “Price is important for customers, but they should also look for the best quality account offering the best benefits,” says Seth Maanda, Head of Sales and Marketing at FNB Transact. FNB’s Easy Account customers have
FNB unveiled its unique Slimline ATM capable of delivering digital banking into retailer environments at remote locations where the volume of business does not support a conventional ATM. FNB Slimline offers a large touch screen with an integrated camera, a card reader for CHIP and PIN enabled cards with a numeric keypad. Says Head of
Last week, South Africa’s payCity stopped accepting online credit card payments for its SMS prepaid electricity service for Cape Town customers. The suspension of services occurred without notice too many customers unless they had been to the payCity website to see the notice, leaving them in the dark. Customers, when trying to purchase using the sms
Xpertek Group’s loan finance solution, Acquire, is now being used in the consumer credit market, for online shopping, and in the cellular product space. Subsequent to the launch of the credit card solution last year, Xpertek implemented the solution at AFB, where it is used as a retail credit solution for merchants operating within sub-Saharan
MasterCard and the South African Social Security Agency (SASSA) announced that there are 10 million active SASSA Debit MasterCard cards in South Africa, following the introduction of the new biometric grant payment disbursement system that commenced in March 2012. This milestone marks the conclusion of the re-registration phase of the project, with social grant beneficiaries
Itron, Inc. announced that it has delivered its smart payment solution for gas to EnviroFuel, a private gas utility, as a part of an initiative to provide alternative energy sources to Waterfall Country Estate, in Johannesburg, South Africa. A partnership between EnviroFuel and Sasol Homegas, the initiative allows residents to be energy efficient and live
Nedbank Group and the Bank of China (’BoC’) have entered into a strategic business cooperation agreement to grow business flows between the People’s Republic of China (’China’) and Africa. The alliance will support clients of the BoC as they look to grow and invest in South Africa and the rest of Africa by providing access
