Spearheading Electronic Funds Transfer (EFT) Innovation in South Africa and Beyond – PAY8

Posted on by Staff Reporter | 14153 Views | 15 min read

In recent years, Electronic Funds Transfers (EFTs) have become a bedrock of financial systems worldwide, shaping the way businesses, consumers, and banks interact. Andrew Springate, CEO of tech and financial gateway service provider PAYM8 says that by participating significantly in the EFT landscape’s modernisation, including Authenticated Collections (DebiCheck) in South Africa and Enhanced Debit Orders

How Payment Technology is Changing the Rulebook on SA Retail – RCS

Posted on by Staff Reporter | 7789 Views | 25 min read

The countrywide adoption of Bitcoin payments by industry titan, Pick ‘n Pay, late last year, heralded the first among many new developments in the payment technology landscape. The past few years have seen the proliferation of new methods of transacting, with local fintech innovators earning their place within the new-generation payments ecosystem. Consumer credit has

Overburdened Local Banks Struggle to Maintain Innovation – Network International

Posted on by Staff Reporter | 10905 Views | 23 min read

As banks continue to work towards new regulatory and compliance standards, all are having to find balance between resource and funding priorities and between step-change innovation and more operational requirements. And, while compliance is a necessity, lagging too far behind in new and innovative opportunities could see them losing their competitive edge. The answer to

Ukheshe Labs to Focus on Digital Payment Innovation

Posted on by Staff Reporter | 31154 Views | 12 min read

Banking as a Service (BaaS) and embedded finance enabler Ukheshe has recently launched a new innovation hub, Ukheshe Labs, to focus on research and development in the digital payments market. Jason Penton, Ukheshe Co-Founder and Head of Ukheshe Labs, says such an endeavour should be a priority for any company operating in the tech sphere.

New Integrated Payment Platform to be Launched in Africa – Moment

Posted on by Staff Reporter | 9921 Views | 14 min read

Moment offers expanded payment infrastructure for businesses across Africa to help them collect and make payments easier, quicker, and more affordable MultiChoice Group, Rapyd and General Catalyst today announced a joint venture aimed at developing an integrated payment platform for Africa. The joint venture will operate under a new company, called Moment. Moment offers expanded

PayShap: A Catalyst For Financial Inclusion in South Africa or Just Another Expensive Payment Method? – Synthesis

Posted on by Staff Reporter | 28333 Views | 17 min read

By Harsha Maloo, Head of Payments at Synthesis There has been a lot of talk around the corner about PayShap – the new super-fast, low-cost payment rail which has recently launched in South Africa. It aims to foster financial inclusion and open new markets and opportunities. But before we delve deep to explore whether PayShap

How Innovative Payment Solutions are Shaping South Africa’s Retail Sector – Ecentric

Posted on by Staff Reporter | 28677 Views | 19 min read

By Shaun Holley, Deputy CEO & Head of Innovation & Rory Bosman, Sales & Marketing Executive at Ecentric Payment Systems Today’s consumers have access to a myriad of convenient experiences through mobile apps and online platforms, and they expect a similar level of ease when interacting with businesses and specifically payment interactions. Indeed, consumer demand

False Declines Carry Big Risk For Banks, Consumers and Merchants – Entersekt

Posted on by Staff Reporter | 31067 Views | 23 min read

Friction at checkout remains a major challenge for businesses, many of which are doing everything they can to reduce cart abandonment and ensure a great customer experience. At the same time, banks face their own challenges as they are the last defence for both customer and merchant when it comes to fraud protection. However, when

SME Economic Recovery Loan Scheme Disburses N$ 85,9 Million Worth of Loans – Bank of Namibia

Posted on by Staff Reporter | 12228 Views | 10 min read

1. The SME Economic Recovery Loan Scheme is starting to play a significant role in supporting the growth and sustainability of small and medium-sized enterprises (SMEs) in Namibia, with over N$ 85,9 million disbursed to 80 (eighty) SMEs across the country, allowing them to continue operating while providing further impetus to the revival of the

Unifi’s Winning Formula: A Milestone in Fostering Financial Inclusion Across Sub-Saharan Africa

Posted on by Staff Reporter | 27494 Views | 10 min read

As a fast-growing provider of innovative, unsecured lending solutions to underserved markets across Sub-Saharan Africa, Unifi is thrilled to announce that it has opened its fiftieth branch in Africa. This marks an exciting milestone as Unifi moves closer to its mission of bringing simple, affordable credit to one million customers by 2025. “This milestone launch