Infobip Provides Chat Banking Solution to Fintech Start-Up Afridig Wallets to Drive Affordable Financial Inclusion

Posted on by Staff Reporter | 14454 Views | 17 min read

Infobip, a global cloud communications company for businesses and a leader in omnichannel customer engagement, has implemented a WhatsApp-based chat banking solution for fintech start-up Afridig Wallets. Afridig founder and head of product development Zwelabantu Ntsubane says the Eastern Cape-based company is set to start operating in January next year, bringing to market a host

Standard Bank makes Sending Money to Lesotho and Swaziland Easier and Faster

Posted on by Staff Reporter | 18722 Views | 10 min read

Standard Bank has enabled near real-time payments for Lesotho and Eswatini. This means that money sent by South African clients to accounts in these countries will only take two hours to arrive. In the past, payments would take a minimum of 24 hours and a maximum of 48 hours (about 2 days) to clear. “South

ATMIA Celebrates a Quarter of a Century of Service to the Global ATM Industry

Posted on by Staff Reporter | 18137 Views | 17 min read

ATMIA has announced the launch of its 25th anniversary year logo to help the association commemorate a quarter of a century of service to the worldwide ATM industry. Founded in humble circumstances in Louisville, Kentucky, the not-for-profit association has expanded year on year to represent over 650 companies in 70 countries from all sectors of

Nestlé, Nomanini and Standard Bank Partner to Solve the Stock Needs of Africa’s Underbanked Informal Retail Traders

Posted on by Staff Reporter | 11187 Views | 13 min read

The informal economy in sub-Saharan Africa accounts for 38% of the region’s GDP[1]. What’s more, according to the International Labour Organization, retail and wholesale is the second biggest employer across the region after agriculture. However, informal retail Micro, Small, Medium-sized Enterprises (MSMEs) are largely underserved and underbanked. Plus, they face a distinct challenge: their scarce

Proparco and Absa join forces to support SMEs impacted by the Covid-19 crisis

Posted on by Staff Reporter | 8933 Views | 11 min read

Proparco is collaborating with South Africa’s third largest bank by assets, Absa Bank Limited, by granting it a senior loan of $20 million to contribute to its support plan for Corporate SMEs in the context of the continuing Covid-19 crisis.  South Africa’s small and medium-sized enterprises (SMEs) represent more than 98 percent of all businesses,

Fintech Review and Predictions for ‘22 by Premier SA Fintech Investor

Posted on by Staff Reporter | 7438 Views | 28 min read

Fintech has gone mainstream and is no longer a niche sector.  There are now over 26,000 fintech companies globally that employ half a billion people. The pandemic has changed consumer behaviour substantially, with 30% of banking consumers now using app banking and 64% of consumers using one or more fintech platforms. The future of fintech

Fintech Introduces New Online Payment Gateway for Small Businesses

Posted on by Staff Reporter | 26379 Views | 14 min read

In 2020, the South African e-commerce market grew by 66% and is now expected to be valued at R225 billion by 2025. As small businesses make the move into digital commerce, so begins the search for online payment methods that can offer security and reliability at a rate that maintains realistic profit margins. Now, financial

Twoobii offers Point-of-Sale Connectivity with Leading bank in SA

Posted on by Staff Reporter | 12265 Views | 9 min read

One of the leading South African retail banks has selected Twoobii as its preferred satellite services supplier for POS (Point of Sale) connectivity solutions. The successful certification is the result of stringent network testing to ensure full compliance with all security and network criteria. Now that Twoobii has been certified, the way ahead is clear

Standard Bank Now Banks More than 10 Million Customers in SA as 1 Million More Customers Sign Up in 2021

Posted on by Staff Reporter | 11783 Views | 15 min read

More than 10 million customers now bank with Standard Bank in South Africa. Since the start of the year 1 million new customers have joined Standard Bank.  Customers are signing on to Standard Bank services taking advantage of access to digital services and offerings. Standard Bank has ensured that is has rapidly transformed its digital

SASSA Concerned by Beneficiaries Still using Old Cards

Posted on by Staff Writer | 24451 Views | 11 min read

The South African Social Security Agency (SASSA) is pleased to announce significant progress in migrating beneficiaries of social grants from the old SASSA card to the new gold SASSA card. The old white SASSA card has reached expiry date and it however deeply concerns SASSA that some beneficiaries are still holding on to the old