South African face biometrics leader iiDENTIFii has announced that local cybersecurity provider CYBER1 Solutions, will represent their award-winning solution in South Africa. CEO of iiDENTIFii, Gur Geva, says, “We’re thrilled about the increased momentum our platform is gaining in the region through this strategic move. Collaboratively, we aim to provide a greater number of businesses
Fintech company, iKhokha has this week opened their first Pietermaritzburg retail store, where their point-of-sale devices can be purchased and where merchants can access support, networking opportunities and other business enhancement tools. Since launching in 2012, iKhokha has become one of the market leaders in the South African SME payments space, and have developed a
By Wayne Steppe, Enterprise Architect & Bernard van Der Merwe, Information Security Officer at Ecentric Payment Systems While the majority of people may not think twice about how they pay for their goods, ever-evolving retail payments, both in person and virtually, keep many CIOs awake at night worrying about where the next attack will come
Last year, the World Economic Forum called Africa the “world leader” in digital and mobile banking. There’s no doubt that banking in Africa has undergone significant changes in the last few years and that it will continue to change and grow in the coming years. How can business leaders prepare for this? How has the
By Dean Baker, Squad Lead, BFSI from Infobip South African banks have weathered rough seas during the past year, with many of their customers coming under severe pressure from a stagnant economy, rising cost of living and high interest rates. Despite these storms, the financial services industry is still delivering good profits and growth, but
South Africa’s financial sector faces an Anti-Money Laundering compliance crisis, with authorities cracking the whip on institutions that fail to meet their obligations to combat financial crime and the country’s continued presence on the Financial Action Task Force (FATF) grey list, adding to the cost of doing business. That’s according to Bradley Elliott, CEO at
By Rory Bosman, Executive for Sales & Marketing at Ecentric Tough economic conditions may well force financial institutions into a type of survival mode where the priority and focus is on retaining and growing market share, which is crucial, of course, but purpose-driven banking is not only possible in difficult times, it should form the
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
