PAYM8 Expands E-Commerce Offering, Empowering Merchants with Seamless Payment Solutions Amid Surging Demand

Posted on by Staff Reporter | 76754 Views | 11 min read

Leading tech and financial gateway service provider PAYM8, announced the expansion of its e-commerce offering. This comes in response to the South African e-commerce market’s projected growth of 11.89% in the next five years, reaching a market volume of US$9.97 billion, roughly R75 billion, by 2027. As consumers increasingly value the convenience, time savings, and

Meet Lula – An All-In-One Cash Flow Management Platform for SMEs.

Posted on by Staff Reporter | 8607 Views | 9 min read

South Africa’s leading SME-focused fintech, Lulalend, has evolved into Lula, a one-stop, cash-flow management and business banking solution. This rebranding marks a critical evolution from a funding provider to an ‘all in one cash flow management platform designed to simplify financial management for SMEs. “Guided by our core belief that SMEs are the lifeblood of

Paycorp Champions Financial Inclusion in South Africa with SARB Designation and Visa & MasterCard Principal Membership

Posted on by Staff Reporter | 178177 Views | 8 min read

Paycorp, a leading provider of payment solutions, has been licensed as a direct clearing system participant by the South African Reserve Bank (SARB). This means Paycorp can now acquire payment transactions directly into the National Payments System through BankServ Africa and internationally through its principal memberships with Visa and MasterCard. As an independent non-bank participant

What Should African Companies be Thinking About When Implementing Fintech? – Paystack

Posted on by Staff Reporter | 6576 Views | 23 min read

By Hayley Hopwood, Head of Revenue, Paystack Whether you realise it or not, there’s a good chance your company is using a financial technology (fintech) product. And even if by some slim chance it isn’t, chances are it will be in the near future. That’s as true in Africa as it is anywhere else in

Mukuru Partners with Training Platform Digemy to Launch Free Financial Literacy Tool for Customers

Posted on by Staff Reporter | 32179 Views | 11 min read

Mukuru, the leading next-generation financial services platform headquartered in Cape Town, has announced a partnership with online learning platform Digemy to provide financial literacy education for its users. Mukuru CSI Manager Deidré Vrede says the fintech business, which connects with underserved and unbanked users across the continent and walks them along a digital financial journey,

Banks that Ignore the Human Element of Digital Transformation are Certain to Fail

Posted on by Staff Reporter | 16302 Views | 23 min read

For hundreds of years banks have put financial excellence at the heart of their operations. But as traditional banks rush to compete with the nimbler fintechs and digital-only challenger banks, too many leaders are neglecting the human element of their digital transformation programmes and the result of this neglect could end up costing them far

New-to-Credit Users: South African GenZs and Millennials are the Building Blocks for Greater Financial Inclusion

Posted on by Staff Reporter | 6801 Views | 19 min read

Millennials (aged between 27 and 42 years old) and GenZs (aged between 11 and 26 years old) constitute a large proportion of the South African population. As individuals building their careers, students entering the labour market and learners maturing into young adults, they represent the economically active citizens of the future. As such, their entry

Tackling Payment Fraud Head-On in South Africa’s Mining and Construction Industries

Posted on by Staff Reporter | 7472 Views | 19 min read

As one of the top ten mining countries in the world, South Africa’s economy relies heavily on this industry as well as those closely related to it, such as construction. Yet this also makes these industries attractive targets for cyber criminals. The mining industry is among the most at-risk industries for fraud and in some

How Scan to Pay is Unleashing the Power of QR Code Payments in South Africa

Posted on by Staff Reporter | 57182 Views | 15 min read

The QR code payment industry has seen a surge in adoption in recent years, with estimates suggesting a global market value of USD$9.98 billion in 2022. QR codes are seeing a marked increase in popularity in South Africa as well, says Pieter Roux, President Payment Strategy at Ukheshe. From the brand evolution of Masterpass to

ATMIA Releases Comprehensive Next Gen Standards Guide

Posted on by Staff Reporter | 114906 Views | 7 min read

The ATM Industry Association (ATMIA) Next Gen Consortium proudly announces the release of the Next Gen Standards Guide, marking the successful conclusion of Phase-3 in the reinvention of the ATM industry. This ground-breaking guide empowers Next Gen ATM providers to develop, test, and certify Next Gen software, setting the stage for ongoing innovation in the