The fast pace of digital transformation for financial services is vital for the empowerment of small businesses and their customers. However, in this transformation process, traditional payment methodologies are being bypassed by new technology and products. Understandably, merchants are finding it increasingly difficult to keep abreast of all the latest payment products and solutions that
The Shoprite Group now helps its suppliers with access to funding at the most affordable rates with the launch of a new supply chain finance product. The CredX finance product, which is often cheaper than bank financing, is available to all of the Group’s suppliers and is expected to assist especially SMMEs, for whom cash flow constraints
Salary advance delivers significant benefits for cash-strapped employees TymeBank, South Africa’s fastest-growing digital bank, is helping South African businesses reduce their employees’ financial stress with TymeAdvance, a zero-interest solution that gives staff early access to their earned salary, while protecting them from expensive debt. “Consumers are having a tough time making ends meet, even those
Traditional banking models have been disrupted long before the Covid-19 pandemic fundamentally changed the way we live, work and shop. “We are seeing a rapid rise in digital banking and niche banking, mainly driven by the changing needs of consumers and merchants in the informal economy”, says Zunaid Miya, MD of Hello Pay. The pandemic
95% of consumers in South Africa used at least one emerging digital payment method in the last year with usage expected to increase further Adoption of cryptocurrency, biometrics, Buy Now Pay Later (BNPL), open banking and account-to-account payments are anticipated to continue accelerating The adoption of a broad range of digital payment methods is accelerating
Mukuru partners with WeThinkCode to present a women-only hackathon to inspire creative solutions for its Pan-African financial education and management tools Mukuru, a leading next-generation financial services platform in Southern Africa, and WeThinkCode, an academy that delivers a world-class coding curriculum for dynamic youth while addressing the industry skills shortage, hosted a women-only hackathon at
The strategic partnership is to provide a more personalized, seamless banking journey for Capitec clients Customer experience management and business process outsourcing company, iSON Xperiences, is empowering the banking industry to adopt tailor-made solutions to advance the sector’s digital offering. The company uses the powerful capabilities of technology, including AI, to create valuable customer experiences
Instant EFT payments just got better and faster. Southern Africa’s leading payments aggregator Pay@ has partnered with Stitch, a payments and data Application Programming Interface (API) fintech, allowing billers and merchants to easily accept secure payments from customers via Instant EFT. Pay@ has partnered with Stitch to bring a much-improved customer experience – allowing a
This partnership enables customers to move funds from their bank accounts through their cards straight into their Orange Money wallets Orange Money, the mobile money service of Orange and leading Pan-African payments company, Cellulant (www.Cellulant.io), have launched a partnership to enable card-to-wallet transfers for 8 banks in Botswana. The Orange Money Card-To-Wallet service (https://bit.ly/3ex927w) in
By Mark Chirnside, CEO & Co-Founder of Xago Technologies With the bear market trading in full swing, crypto companies are hamstrung by lower trading volumes and fees earned, which is hurting the bottom line. Finger pointing towards UST, Defi lending and general subpar operations are all leading to regulators rightly taking a stronger stance on
