CrowdStrike Downtime Disrupts Payments Globally, Reminding Businesses of the Need for a Back-up Plan

Posted on by kara | 10774 Views | 12 min read

By Nicole Dunn, Co-founder and COO of Precium CrowdStrike, a leader in cybersecurity solutions, experienced a major service disruption due to a technical glitch in their cloud-based infrastructure. This unexpected downtime lasted for approximately 14 hours, leaving numerous businesses grappling with the fallout. Payment processing services were among the hardest hit, as many financial institutions

Avanti Communications Conducts Groundbreaking Satellite Connectivity Test for More Secure and Resilient Financial Operations

Posted on by kara | 4605 Views | 9 min read

Avanti Communications (“Avanti”), a leading global multi-orbit provider of fully integrated connectivity services and solutions, has undertaken a satellite connectivity test with BankservAfrica, Africa’s largest automated clearing house with Capitec Bank, one of South Africa’s top retail banks. The successful completion of this connectivity test heralds a movement towards greater transactional security. It underlines the

InstaPay Launches in South Africa: An Innovative Merchant Payment Application

Posted on by kara | 5364 Views | 19 min read

InstaPay, a cutting-edge new merchant application, has been launched to transform the payments landscape in South Africa. This innovative solution offers unique functionality and competitive rates that surpass traditional card providers, setting a new standard in the industry. InstaPay is the result of combined expertise and technology between Omnea and Amber Pay, two industry leaders

The Future of Cross-Border Payment: Traditional vs Digital – Verto

Posted on by kara | 14942 Views | 14 min read

As the world of finance evolves into the digital age, businesses now have the luxury of choosing platforms that offer convenience and efficiency in managing their finances. Companies dealing with clients in other markets can opt for digital payment systems for cross-border transactions, which promote speed, safety and cost savings. Africa is experiencing an increase

SMEs Require a Banking Relationship, Even in This Digital Age – Standard Bank

Posted on by kara | 7407 Views | 12 min read

The World Bank estimates that small businesses constitute 90 percent of all businesses worldwide. In sub-Saharan Africa alone there are 44 million small businesses, with small and medium-sized enterprises (SMEs) accounting for 60 percent of jobs. In South Africa there are approximately 3.2 million SMEs, which make them the backbone of the economy with a

Stitch Partners With Absa to Offer Absa Pay for Enterprise Merchants Across South Africa

Posted on by kara | 5903 Views | 10 min read

Payments infrastructure company Stitch to offer all available direct bank APIs as part of its Pay by bank solution, including Absa Pay, Capitec Pay and Nedbank Direct EFT Payments infrastructure company Stitch today announced that it will partner with Absa, one of South Africa’s leading banks, to make the newly launched Absa Pay available to

Paycorp Expands Into Embedded Business Funding in South Africa and the UK

Posted on by kara | 16573 Views | 8 min read

Paycorp, a global leader in payment solutions, continues shaping the future of payments across Southern Africa, Central and Eastern Europe, and the UK. With over two decades of experience, Paycorp stands as an acknowledged innovator, leveraging a collaborative and integrated ecosystem, blending expertise, reliability and agility in transaction processing, cash management solutions, value-added services like

Why QR Codes Are Leading the Charge – Zapper

Posted on by kara | 8630 Views | 33 min read

We are delighted to find individuals and organisations who truly understand the benefits of using QR Codes to trigger many customer experiences, from loading websites to executing payments between consumer and merchant. Zapper has been doing the latter since its inception in 2013, and its popularity rose significantly in the early years when the novelty factor

Kazang Partners With Masifunde to Boost Skills Development and Job Opportunities for Disadvantaged Youth

Posted on by kara | 6923 Views | 15 min read

Kazang, the micro-merchant division of JSE-listed fintech company Lesaka Technologies, has partnered with Masifunde Training and Development to provide employment opportunities for disadvantaged youth and contribute to the development of South Africa’s future workforce. This collaboration aims to empower young individuals from underprivileged backgrounds by equipping them with the necessary skills and knowledge to succeed

Mama Money Partners With Access Bank and Paymentology to Launch New WhatsApp-Powered Bank Card

Posted on by kara | 21644 Views | 10 min read

Paymentology the leading next-gen global issuer-processor, today announces its partnership with Mama Money, one of Africa’s leading cross-border money transfer operators, and Access Bank, to launch a pioneering new bank card service that stands out for its innovative use of WhatsApp banking. Through its integration with WhatsApp, the Mama Money Card allows you to transfer