Fifteen Major SA Financial Institutions Migrate to Africa’s Top Data Centre Without a Hitch

Posted on by Staff Reporter | 7386 Views | 16 min read

Banking enabler Direct Transact achieves seamless migration to Teraco data centre for 15 major financial institutions, ensuring no downtime or disruptions in the SA payments system and that the entire financial ecosystem gains a major boost in scalability, reliability and global competitiveness. Fifteen major South African financial institutions have successfully migrated all their sensitive business

Standard Bank Delivers Record Headline Earnings for the Six Months Ended

Posted on by Staff Reporter | 7279 Views | 26 min read

Standard Bank Group (“Standard Bank” or “the group”) delivered record headline earnings of R15.3 billion for the six months to 30 June 2022 (1H22 or the current period), up 33% on the prior period.  This performance was underpinned by continued balance sheet and franchise growth. Headline earnings: R15 263 million, up 33% Headline earnings per

Payment Ecosystem Must Find the Commercial Carrot to Move Away From Cash

Posted on by Staff Reporter | 25436 Views | 17 min read

The South African payment ecosystem will need to increase cooperation if it hopes to reduce the country’s over-reliance on cash. And, while the regulator still has a big part to play in the solution, flipping the way payments are generally incentivised in favour of the consumer, as well as finding ways to better incentivise businesses

How Embedded Finance is Eclipsing the Fintech Competition

Posted on by Staff Reporter | 11235 Views | 16 min read

Embedded finance solutions are a game-changer for how financial services are delivered in emerging markets across the globe and beyond, says Anton Coertzen, Chief Commercial Officer of fintech enabler, Ukheshe The embedded finance market is expected to grow to tenfold its 2020-value by 2025 – just three years from now. The term has been generating buzz

Yellow Pay – Yellow Card’s New Payment Feature Simplifying Money Transfers Through it’s Crypto Rails

Posted on by Staff Reporter | 12651 Views | 11 min read

The launch of Yellow Pay not only makes it easier for money transfer but also opens up the continent to more investment, access to credit, business grants Yellow Card Financial is proud to announce its new payment feature – Yellow Pay. This innovative solution will make it easier for customers to send and receive money

Network International Reports Strong H1 2022 Results with Revenue Up 31% and Profit Increasing 113% Reflecting Strong Trading and Strategic Delivery

Posted on by Staff Reporter | 26261 Views | 43 min read

Network International’s offering includes acquiring and processing services, and an ever-evolving range of value-added services The company, which operates across Africa and the Middle East, has seen financial outcomes that reflect solid trading and strategic delivery, driving strong cashflow generation; Figures include new financial institution wins and merchant signups; accelerated transaction growth; cross-selling and launching

Hello Pay Champions SME Growth in South Africa with Competitive Access to Funding

Posted on by Staff Reporter | 7502 Views | 13 min read

On the back of two major interest rate hikes in the first half of 2022 alone and rapidly rising costs, business owners across the country are keeping a close eye on budgets and cash flow where every cent counts. As champions of financial inclusion and SME growth in South Africa, local fintech Hello Pay is

Paysend Introduces 50 New Receiving Countries to its Global Payments Network

Posted on by Staff Reporter | 90193 Views | 6 min read

Paysend, the UK-based fintech with over 7 million customers, today announces that 50 new receiving countries have been introduced to its global payments network since the start of 2022. These additional payments corridors mean that Paysend customers can now send money to over 170 countries worldwide. Notable additional countries supported by Paysend include: Antigua and

IFC and Absa Bank Partner to Increase Affordable Housing Finance in South Africa

Posted on by Staff Reporter | 11525 Views | 10 min read

To increase access to affordable housing in South Africa, IFC and Absa Bank Limited, one of the leading providers of residential mortgages in the country, have partnered to support the expansion of housing finance targeting lower-to-middle income households in South Africa. IFC’s local currency loan of up to 2 billion South African rand (roughly $128

Colombia Real-Time Payment Platform Replicates Latin America Success in Africa

Posted on by Staff Reporter | 79242 Views | 20 min read

Established Colombian fintech firm Minka has announced that it plans to repeat the success of its Latin America-based real-time payments system across Africa, accelerating and easing the movement of money across the continent and improving financial inclusion. Minka is a seamless payment network that enables organisations to move money in real-time. It simplifies the movement