Weaver Fintech, a new division of omni-channel retailer Homechoice International (HiL), has made its first acquisition, buying an 85% stake in Cape Town-based buy-now-pay-later (BNPL) start-up PayJustNow. HiL is an investment holding company, focused on fintech and omni-channel retail through its subsidiaries. It is incorporated in Mauritius and listed on the Johannesburg Stock Exchange. According
Standard Chartered has released its financial results for the full year and fourth quarter ending 31 December 2021. See link here. In the Africa and Middle East region, the Bank has recorded its highest Operating Profit since 2015. Performance Highlights: Broad-based growth and improvement in income and profits Income grew by 3.5 per cent to
Although already on a steep adoption curve, Covid has fast tracked many organisations’ digital payments strategies. QR codes in particular are finding favour amongst major South African banks. Capitec’s most recent peer2peer (P2P) account-based payment offering is the latest that Entersekt has helped roll out. And the company says the payment method is likely to
ACI Worldwide has announced a partnership with one of South Africa’s leading financial services providers, Nedbank, to drive its digital transformation journey including real-time payments. Nedbank is embarking on a wide-ranging modernization program, migrating all of its legacy systems to ACI’s award-winning ACI Enterprise Payments Platform, including the move to ISO20022, the global financial messaging
According to estimates from McKinsey, SMEs make up an enormous 98.5 percent of all businesses in South Africa. “As the engines powering our economic growth, the challenges as well as the triumphs within the sector reverberate across the entire economy,” says Zunaid Miya, Managing Director of local fintech company, Hello Pay. The health of the
MoData, a leading provider of innovative, intuitive and intelligent digital business solutions for the financial services, insurance, telcon and retail sectors, has announced a collaboration with Resistant AI to help financial services safeguard themselves and customers against fraud. Resistant AI uses artificial intelligence to help financial services companies combat fraud and financial crime. The partnership
Leading payment solutions provider, Netcash, has invested in a grid-tied solar energy solution in line with its drive to reduce carbon emissions and operate more sustainably. IMPOWER, a vertically integrated energy company, was the contractor responsible for engineering, procurement, and project management for the solar installation. The system comprises 162 solar photovoltaic (PV) modules installed
For most people, the ability to create and preserve wealth for the benefit of future generations is one of the key measures of true financial success. It’s also one of the most difficult aspects of wealth creation and management to get right. That is why successful wealth creators benefit from partnering with experienced family governance
Standard Bank has emerged as the most valuable banking brand on the African continent for 2022 in Brand Finance’s annual ranking of the world’s Top 500 Banking Brands, after increasing its brand value by 26% to USD1.583 billion. This significant increase in brand value has seen Africa’s largest financial services organisation by assets jump 17
Putting customer experience front and centre of your business goals is guaranteed to reap rewards for both customers and staff and positively impact your bottom line. The most effective way to do this is to take a holistic approach to customer experience management (CEM) through the implementation of a streamlined omni-channel application platform that keeps
