With the national unemployment rate hovering at around 40%, it’s clear quality education is a necessity in South Africa, but despite the dire need higher education remains out of reach for millions of young people. With the aim of providing individuals from disadvantaged backgrounds with the financial assistance they need to pursue a degree, the
The country’s first-ever Financial Industry Cybersecurity Council was officially launched yesterday by the Bank of Namibia and the financial industry. The Council’s purpose is to provide a productive forum for the banking and non-banking financial sector to foster conversations and develop tactical strategies to combat cyberfraud within the industry. The Council’s objectives include examining problems
Absa processed over R60 billion worth of transactions last Black Friday, a trend which is expected to continue this year. As the first Black Friday falling outside of lockdown restrictions in two years, Absa anticipates further growth in debit and credit card spend as one of South Africa’s busiest shopping periods approaches. “Following a record
Adumo, the leading independent payments processor operating across Sub-Saharan Africa, has successfully raised R190 million to increase its shareholding and control in some of its recent acquisitions. CEO of Adumo, Paul Kent commented, “Local consumers are following a global trend of demanding digital and flexible methods of making cashless payments, through alternative methods. Likewise, merchants
White paper finds that fintech companies have tied up with banks, mobile network operators (MNOs), and other stakeholders to develop wide-ranging solutions for consumers, micro and small merchants Study further found that regulators across multiple African countries have adopted a collaborative approach to enable the introduction of new solutions by fintech companies Fintech startups in
South Africa’s leading payment processor utilizes ACI Omni-Commerce to offer new, innovative, one-stop payment options for merchants ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, today announced that Ecentric Payment Systems, South Africa’s leading payments processor, is expanding its partnership with ACI. Ecentric will utilize ACI Omni-Commerce to enable its merchant customers to offer new and
Partnership will enable customers to pay globally with a Mastercard virtual payment solution linked to the Cellulant wallet, Tingg Mastercard’s technology will enable consumers to shop online with or without a bank account, through a simple and secure payment experience Mastercard and Cellulant have partnered to allow millions of Cellulant customers across Africa to shop
Ingenico, a world leader in payment services, has released the results of the Total Economic Impact™ study it commissioned from Forrester Consulting on the return on investment (ROI) that enterprises may realise by deploying “Terminal as a Service” by Ingenico. As a newly independent company following its recent acquisition by Apollo Funds, the release of
Small businesses level the playing field in new economy. Standard Bank’s recent SME Summit laid bare the need for small businesses to leverage the advantages of technology and ecosystems to level the playing field between smaller enterprises and larger established businesses and corporates. The K-shaped economic recovery was seeing many big, established businesses boom. Smaller businesses and
Written by Craig Polkinghorne, Head of Commercial Clients at Standard Bank’s Business and Commercial Clients. As COVID-19 restrictions recede and the damage of the July 2021 unrest is managed, South Africa’s large unlisted business segment is well-placed to leverage opportunities in the domestic, regional, and global economy. Generally, the country’s larger unlisted businesses are either
