Jonathan Jacobs, Head of Product and Operations at Halo Dot In recent years, there has been a gradual shift towards going cashless. This is something that is impacting every society around the world. However, in developing countries like South Africa, this transition has become a layered one. Influenced by the divide that separates people when
ExiPay and Izwe’s all-in-one payment terminal opens new revenue streams for merchants A partnership between payment innovation company ExiPay and loans and financial services provider Izwe has resulted in an all-in-one point of sale (POS) solution, called Izwe Pay, that facilitates payments across mobile money and card payments in Zambia. It also brings additional value-added
Mastercard and MTN Group Fintech have signed a multi-market agreement that will set in motion a new era of collaboration to connect millions of people and small businesses across Africa with digital tools to transact through secure mobile payments, expanding access to the benefits of the cashless digital economy. The partnership will use Mastercard’s cutting-edge
While it’s unlikely that the Conduct of Financial Institutions (COFI) Bill will be tabled before Parliament rises ahead of the elections this year, market players are eagerly awaiting its enactment and the many benefits it will bring, especially when it comes to low risk, rapid innovation in the fintech space. Designed to complement the Banks
The ability for small businesses to accept payments on a smartphone has been revolutionary for businesses of all sizes. Tap-on-phone technology, although in its early days, has the potential to play a key transformative role in driving financial inclusion throughout Africa. As South Africa’s biggest digital bank, TymeBank announced the migration of their Tap-on-Phone customer
iKhokha, the KZN based fintech who recently picked up the MTN Financial App of the Year Award, has announced that they have surpassed the impressive milestone of disbursing more than R2bn in working capital to their SME customer base, in partnership with Retail Capital, now a division of TymeBank. “In a tough South African economic
South African Fintech companies Traderoot in collaboration with Wemvula today announced a partnership that will see the two entities bringing the revolutionary PayedNow instant payment solution to the local market. PayedNow is a pioneering solution under the umbrella of Wemvula Fintech, that has been developed with the specific aim of bridging the gaps that traditional
Xion Global, a Web3 payments provider, has announced a strategic partnership with Callpay, a major player in South Africa’s payments industry. This alliance aims to boost Web3 payments adoption in South Africa, blending Xion’s innovative technology with Callpay’s strong market presence. This partnership broadens payment options for customers, providing the convenience of Xion’s one-click crypto
Mastercard, a global technology leader in the payments industry, is deepening its commitment to addressing youth unemployment in South Africa. Today, the company announced that it will continue its partnership with YES, the highest-impact private-sector-led youth employment programme in the country. YES’s primary mission is to address the country’s youth unemployment crisis by empowering businesses
The benefits of open banking have been spoken about within the global banking sector for some years now. While some local banks have already made concerted efforts to embrace the innovation opportunities that come with open banking, global payments as a service (PaaS) specialist, Network International, believes there is room for a more collaborative mindset
