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
The ATM Industry Association announced that survivor extraordinaire, Brett Archibald, who was rescued after over 28 hours lost at sea without a lifejacket, will be keynote speaker at the association’s conference in October at the Cape Town waterfront. In April this year, Archibald fell overboard off a charter boat in the Mentawai Straits in the
MasterCard has appointed Ezediashi Ofili as Vice President and Business Leader to drive the growth of its Prepaid Business in sub-Saharan Africa. He will also oversee MasterCard’s Global Products and Solutions team in the region. Ofili joins MasterCard from Access Bank PLC where he was the Head of Business Engagement for Northern Nigeria. With more
Xchanging, the business process, procurement and technology services provider, has announced it has won a new contract with Standard Bank. The contract will see Xchanging supplying financial processing services to one of Africa’s largest financial services groups, initially for one year. Xchanging was selected for its expertise in working with major banks to deliver complex
Botswana will be the first country to benefit from the new program and will allow easy access to funds 24 hours a day, bringing new point-of-sale, online and ATM transaction options to consumers. Currently, Orange Money allows customers to use their mobile phones to transfer funds to any mobile phone subscriber in or outside the
Transaction Capital today announced that it has entered into a definitive agreement to sell its wholly-owned subsidiary Paycorp to pan-emerging market private equity firm Actis. Paycorp, owned by Transaction Capital since 2006, is South Africa’s largest independent owner and operator of off-site ATMs and a deployer of Visa-certified pre-paid debit cards. Actis will acquire the
