Ecentric Payment Systems Announces Acquisition of IP of Payment Industry Innovator Thumbzup

Posted on by Staff Reporter | 7410 Views | 15 min read

Ecentric Payment Systems, the leader in retail payment processing in South Africa and 17 other African countries, has announced its acquisition of the IP, people, and customers of innovative technology payment solutions company Thumbzup, in a move that will benefit both business’s customers and support Ecentric’s strategy to become the dominant omnichannel player for retailers

Scan to Pay Powered by Ukheshe – More Than Just Another Way to Pay

Posted on by Staff Reporter | 76943 Views | 12 min read

Since the brand evolution of Masterpass to Scan to Pay, Powered by Ukheshe, earlier this year, South Africa’s appetite for mobile QR payments has surged. Crafted with the user in mind, Scan to Pay is more than just a payment application – it’s a financial hub tailored for the everyday consumer. “We wanted to provide

MoData’s Fraud and AML Solutions Impress at Anti-money Laundering Southern Africa Conference

Posted on by Staff Reporter | 5477 Views | 10 min read

MoData showcased its advanced Fraud and AML solutions to industry experts from across the Southern African region who had gathered to take part in the 8th Edition of the Anti-Money Laundering, Financial Crime & Fraud Southern Africa Conference held earlier this month [September] in Johannesburg. The two-day conference featured speakers from South Africa, the SADC

How Can Embedded Payments Drive Better Online Retail Customer Experiences? – Paystack

Posted on by Staff Reporter | 21389 Views | 20 min read

By Joel Bronkowski, Country Lead, South Africa at Paystack With South Africa’s online retail space now worth more than R50 billion and growing continuously, the sector is only going to become more competitive. That’s true for online retailers of all sizes too. At the top of the market, online-only players that have long been dominant

South Africans can Now Scan to Pay with Crypto – Ukheshe

Posted on by Staff Reporter | 22192 Views | 13 min read

Scan to Pay, Powered by Ukheshe, has partnered with Xion Global to offer crypto payments on the Scan to Pay app. Scan to Pay, powered by Ukheshe, is the largest QR ecosystem in South Africa and is used by more than 600,000 vendors, 14 banks and fintech companies and 94 payment service providers. Now, this

PayJustNow Wins Best BNPL Service Initiative at Global Payments Innovation Awards 2023

Posted on by Staff Reporter | 5969 Views | 10 min read

South African Buy Now, Pay Later (BNPL) pioneer PayJustNow has been recognised as the Best BNPL Service Initiative at the 2023 Global Payments Innovation Awards. PayJustNow CEO Craig Newborn says the award is an important milestone for the company’s vision to be an alternative payment solution that drives financial inclusion in South Africa. “In four

Switch to Shoprite’s Money Market Account for Stress-Free SASSA Pay Outs – Free of Charge

Posted on by Staff Reporter | 25766 Views | 6 min read

For a hassle-free experience, SASSA grant beneficiaries can switch their payments to a Shoprite Money Market Account and enjoy the many benefits offered by South Africa’s lowest-cost, fully-fledged, transactional bank account. Switching is free of charge, and there are no obligations to sign up for any additional services. The benefits of a Money Market Account

Digital Wallets as an Enabler for Financial Services in Africa

Posted on by Staff Reporter | 31610 Views | 23 min read

By Juan Seco, Chief Growth Officer and East Africa MD of Mukuru The recent GSMA 2023 State of the Industry Report on Mobile Money highlights how mobile money has become a mainstream financial tool in many African countries. Since 2022, more than 184 million people across the continent have embraced mobile money. The Sub-Saharan Africa

SA’s Payments Gold Mine: The alchemy of Data into Growth – Zapper

Posted on by Staff Reporter | 4690 Views | 23 min read

The African payments industry, by furnishing diverse, robust and user-friendly platforms, is catalysing entrepreneurship and financial independence, while also enhancing income for entrepreneurs. Over the past five years, mobile payments have seen tremendous growth in South Africa. As of 2023, the South African mobile payments market is estimated to be worth $25 billion, with a

Pick n Pay Customers Can Now Buy Selected Products and Pay Later

Posted on by Staff Reporter | 26508 Views | 10 min read

Selected Pick n Pay formats are ushering in a new era of shopping convenience and affordability with the launch of PayJustNow, one of the fastest-growing Buy Now Pay Later providers in South Africa. PayJustNow empowers customers to split payments into three convenient instalments – through a completely digital application process – which is free of