Futurex Crypto Chat with Stanchion Payment Solutions: FinTech Innovations, Agility, What’s Next in Contactless Payments

Posted on by Staff Writer | 3978 Views | 27 min read

Roland Allen, general manager, EMEA, Futurex, chats with Rudolf Smit, Managing Director: Africa, Stanchion Payment Solutions Roland: You work with payment companies around the world. Tell us about an interesting integration (or application). Rudolf: As a system integrator, we deliver a wide variety of projects and integrations globally. More recently, we did several Token Life

Mastercard and PayFast Launch Priceless Campaign to Support Small Businesses and Boost Online Sales

Posted on by Staff Writer | 3781 Views | 13 min read

Partnership with online payment gateway PayFast sees launch of a “shop local” campaign with prizes for consumers and SMEs using online checkout Campaign aims to elevate SMEs and their ingenuity, inspiring South Africans to get behind local businesses through safe and convenient online shopping As Small and Medium sized Enterprises (SMEs) accelerate digital transformation efforts in

Cash is King – But Digital Payments are Coming For the Throne

Posted on by Staff Writer | 3470 Views | 13 min read

Even with a high banked population and a multitude of electronic payment options available, the average South African still use cash for daily purchases and payments with an estimated 78-80% of transactions being in cash. Anton van der Merwe, the recently-appointed COO of Ukheshe Technologies, a fintech enablement partner that works with financial institutions to

Subsidized Banking Means that MiVoice App is SA’s First Free Digital Wallet

Posted on by Staff Writer | 4456 Views | 16 min read

An estimated 23.5% of South Africans are unbanked*, which brings several personal and economic disadvantages. In a concerted effort to change this situation, MiVoice, the world’s first fully mobile HR management solution for domestic employees, has designed South Africa’s first genuinely free digital wallet. According to the World Economic Forum, the fee structure of South

Fintech First to Offer International Trade Finance to SA’s SMEs

Posted on by Staff Writer | 3333 Views | 14 min read

SA’s SMEs have not been able to easily access international trade finance. A local fintech spotted the gap and figured out how to offer international trade finance effectively to this market segment. It’s a complicated niche that requires knowledge of regulation, compliance and forex. Traditional lenders have neglected finance for small businesses due to the high

Standard Bank | 5 Advantages of an International Debit Card

Posted on by Staff Writer | 5247 Views | 32 min read

Written by Head: SA Distribution for International Personal Banking at Standard Bank Spending in another currency can get expensive and complicated. Not all South African cards are accepted abroad, and those that do come with the caveat of hidden fees tied into every purchase. Any small movement in the rand can also affect the price of

Platform Technology a Big Boost for the Democratisation of Payments

Posted on by Staff Writer | 4626 Views | 14 min read

The concept of platforms is nothing new. Our railways, phone networks and even our shipping industry are all examples of networks which operate under agreed universal standards and can be described as platforms. Today, we participate on tech platforms every day when we use services like Airbnb and Uber or shop on eBay and Amazon.

SWIFT Launches SWIFT Go, a Fast, Cost-effective Service for Low-value Cross-border Payments

Posted on by Staff Writer | 3668 Views | 22 min read

New service enables businesses and consumers to send payments in seconds with full transparency and strong security SWIFT Go is a key building block in the co-operative’s strategy to enable instant and frictionless cross-border transactions Seven leading global banks already live with the service SWIFT has announced the launch of SWIFT Go, a transformative new

Invest Africa and Standard Chartered Private Bank Announce Strategic Partnership

Posted on by Staff Writer | 4039 Views | 6 min read

The new one-year partnership provides further opportunity for the bank to demonstrate its commitment to private clients in Africa Invest Africa (www.InvestAfrica.com), the leading business and investment platform for African markets, and Standard Chartered Private Bank, a leading international private bank for emerging market clients, are pleased to announce a strategic partnership, focused on driving

Transforming B2B Payments Could Help Africa’s Local Businesses Grow

Posted on by Staff Writer | 12314 Views | 18 min read

By Clara Wanjiku Odero The World Bank estimates remittances to the Middle East and North Africa region rose by 2.3 percent to about $56 billion in 2020. However, global businesses that want to pay their Africa-based vendors and patterns are often frustrated by their experience with B2B payments. Typically, international businesses must route funds through