By Chris Wood, Regional Managing Director, Southern Africa and PALOPS at Network International. The combination of fintechs, retailers and telcos pivoting to find new lines of revenues, as well as the growing impact of open banking practices, should have made it clear to banks that they can’t adopt a business as usual approach. Payments in
Absa Group Limited will list its ordinary shares for trade on A2X Markets from 2 February 2023. Absa Group will retain its primary listing on the Johannesburg Stock Exchange and its issued share capital will not be affected by its secondary listing on A2X. There is no cost or additional regulatory compliance for Absa Group
The digital pendulum is swinging back to pre-pandemic agendas, offering security leaders in the banking world a chance to revisit longer-term projects and take advantage of the tech crunch layoffs to bolster their security teams. This will be especially important as cyber criminals are also beginning to feel the pinch and are likely to increase
The company, which operates across Africa and the Middle East, has seen strong underlying growth in payment transactions with an increase in merchant solutions growth acceleration vs pre-pandemic during Q4 2022. Successfully launched direct-to-merchant services in Egypt, with the first Small and medium-sized enterprises (SME) merchants onboarded and transacting through Network’s point-of-sale terminals. Figures include
South Africa’s leading payment gateway provider Payfast has undergone a major rebrand. Having joined forces with PayGate and SiD under Network International, the company has created a new home for its consolidated offering. With a renewed focus on enabling growth – for the brand, its merchants, and the broader ecommerce industry – this milestone represents
The new product uses Yellow Card’s crypto exchange platform to complete customer transactions in USDT Yellow Card Financial (www.YellowCard.io) is excited to announce that their revolutionary new payment feature Yellow Pay (https://bit.ly/3QuL1gc), is officially available across Africa. With Yellow Pay, customers can send and receive money through the Yellow Card crypto exchange platform, without any
Last year, exciting developments in South Africa’s payments sector were good reason to be cautiously optimistic about 2023 with new products and services setting the pace of the journey to a digital cashless future, says Andrew Springate, CEO of fintech payment solution provider PAYM8. “The South African economy is under tremendous pressure with rising interest
Sandeep most recently served as Group Chief Operating Officer of Abu Dhabi Islamic Bank (ADIB) Network International (Network) (www.Network.ae), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has announced the appointment of Sandeep Chouhan as Group Chief Business Transformation and Technology Officer. Bringing global experience in spearheading Business and
A team of highly-experienced payments industry professionals have today launched the enza group (enza), a payments company focused on servicing the growing needs of banks, fintechs, and MNOs across the African continent. The African consumer payments landscape remains dominated by cash, with global management consulting firm McKinsey[1] estimating that only 5 to 7 percent of
Cash remains one of South African consumers’ favourite ways to pay because it’s convenient, easy, and offers low transaction costs for customers and retailers alike. That means that every small and medium sized retailer should be preparing itself to manage an influx of cash over the festive season as consumers splash out on treats and
