By Paul Kent, CEO at Adumo The early stages of the pandemic were marked by a sudden shift away from cash purchases as consumers sought to limit their exposure to items that were seen as unclean. Industry figures indicate that 89% of South African consumers have used contactless payments to purchase groceries since the start
People have different views about getting older. For some, reaching their sixties is a difficult moment as they find themselves unable to do some of the things they could in their youth. For others, their sixties are an exciting period filled with new opportunities, fewer responsibilities, and all the time they need to do the
BancABC is the first bank to launch Mastercard and Zimswitch co-branded cards The collaboration will see BancABC introduce several card innovations including a Home and Away card that links to both a local currency and foreign currency account Cards can be used for contactless payments, as well as for e-commerce, thereby minimising contact BancABC Zimbabwe announced
By Mark Templemore-Walters, Operations Director: Cash Connect What would happen tomorrow if we could turn South Africa into a cashless society with a wave of a magic wand? Far from turning the country into a crime-free paradise of low transaction costs and widespread financial inclusion, it’s more likely that chaos would reign in many communities
Mastercard, a global technology company, has been named South Africa’s Most Innovative Payment Solutions Provider in 2021 by International Business Magazine. The award was given in recognition of Mastercard’s continuous innovation of payment technologies and its ability to reimagine the consumer payment experience in South Africa. The International Business Magazine Awards honour top companies across
Standard Bank Group is pleased to announce that it has been recognised as the ‘Best Transactional Bank for Financial Institutions in Africa’ and the ‘Best Trade Finance Services in Africa’ at the EMEA Finance’s Treasury Services Awards 2021. These awards, launched in 2010, celebrate the achievements of banking institutions that have recorded consistent performance, demonstrated
Download now for deals starting from R1 Vodacom Financial and Digital Services is pleased to announce that the much anticipated VodaPay super app is now live and can be accessed in the Google and Apple app stores. Available to customers on any mobile network, VodaPay launches with significant partners and discounts including exclusive R1 deals
The Shoprite Group’s Money Market Account, which previously only enabled customers to deposit funds to pay for utilities and buy groceries, now provides customers with new transactional banking options including sending money and making withdrawals. Money Market Accounts offer banked and unbanked consumers, many of whom are regular customers at the Group’s stores, access to basic transactional banking activities that are specifically aimed at their needs.
By Mark Dankworth, President International at Ukheshe Technologies Mobile transacting is fast becoming the golden egg of financial services – and nowhere more so than in Africa. According to the Global System for Mobile Communications’ (GSMA) 2021 State of the Industry Report on Mobile Money, the number of registered mobile money accounts grew by 12.7%
Luno, the crypto company founded by two South Africans, now has 9 million customers in over 40 countries. The remarkable growth of the company is illustrated by the addition of one million new customers in just over four months. South Africa is one of Luno’s strongest markets – over 30% of the one million new
