Overcoming a set of significant challenges that no business should have to face in South Africa, JSE-listed investment holding company, Ayo Technology Solutions (AYO), released its audited condensed consolidated annual financial results for the year ended 31 August 2023 today. Whilst the results show a reduction in profits, a 28% increase in revenue bodes well
South African shoppers want choice and convenience. Recognising this, retail consumer finance provider, RCS, is offering real, tangible value to its customers. By expanding its partner network, payment options and embracing cutting-edge technology, RCS is not just keeping up; it’s leading the way towards greater financial inclusion in South Africa. Credit extended to healthcare products
Consumers will increasingly be demanding choices when it comes to payment options into 2024, with security being high on the agenda and offerings that will be keenly watched as potential growth engines. Rory Bosman, Executive for Sales & Marketing at Ecentric Payment Systems adds that shoppers also want value from retailers, physical or online, when
Leading global payment company, Paycorp, has partnered with Triple-A, the digital currency payment institution, to allow users of the Paycorp-powered CryptoExpress app, to use their digital currencies to make cash withdrawals at over 3,000 ATMs in South Africa. By offering digital currency holders a simple and practical way to convert their digital currencies and withdraw
Standard Bank Personal and Private Banking has announced a big increase in its green solution funding today. The bank has led a concerted effort to disburse funds to individuals in South Africa for installing solar solutions or purchasing ‘green-aligned’ homes. Year to date the bank’s consumer green lending book has grown by over 26% to
Scan to Pay, powered by Ukheshe, the largest QR payment ecosystem in South Africa, is thrilled to announce a significant expansion of its voucher system. This new phase introduces the ability for South Africans to purchase and share Scan to Pay vouchers directly via the app, giving shoppers access to an impressive network of over
Direct Transact, the largest independent provider of banking and payment solutions for banks and brands in South Africa, has teamed up with open banking platform and fintech marketplace, FutureBank, to further accelerate its technology platform capabilities. The partnership will facilitate the rapid rollout of embedded finance in Sub-Saharan Africa. Embedded finance is the fintech practice
South Africans have become used to excellent in-app security when it comes to banking and other online transactions. Looking ahead, passkey technology will mean we could soon enjoy the same unphishable, biometric-based solution in the browser, boosting consumer confidence and helping foster digital adoption. “As banking apps have become more secure, fraudsters have naturally looked
Johannesburg – In a monumental move for the South African card ecosystem, BankservAfrica has been appointed by UnionPay International (UPI) as its domestic on-soil processor to fast-track affordable, accessible and innovative card payments for South Africans. “BankservAfrica has built a solid reputation as Africa’s largest Automated Clearing House and the banking sector’s trusted clearing partner.
Quick response (QR) codes have become part of everyday life in recent years. From leaflets and billboards to menus and product packaging, they’re everywhere and easy to use. Compared to other forms of payment, particularly cash, QR codes significantly reduce the risk of theft or loss, as they eliminate the need to carry physical money.
