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
Quick and convenient addition to the payment ecosystem allows users to securely pay with Android phones or supported Wear OS device Mastercard, a leading technology company in the global payments industry, has collaborated to launch Google Pay in South Africa. Cardholders can conveniently and securely tap to pay with their Android phones or supported Wear
Shoprite’s Money Market Account is now a full-fledged bank account. It already provides almost two million banked and unbanked customers the best deal on the market. It’s official: Shoprite’s Money Market Account is now a full-fledged, transactional bank account, the first ever offered by a South African retailer – and the lowest cost entry-level bank
FMBcapital Holdings Plc (FMBCH) announced further positive performance in the first half of the 2022 financial year, with a very strong growth in profit after tax (93% growth to US$25.2m on 2021 first half). The interim period of 2022 followed through strongly on concerted efforts from 2021, and saw the Group’s banking operations in Botswana,
