The Global Prepaid Card Market size was valued at USD 2.01 trillion in 2019 and is predicted to reach USD 18.47 trillion by 2030, with a CAGR of 22.5% from 2020-2030. The global prepaid card market is on a strong growth momentum, owing to the growing demand for digital payments and a proliferating e-commerce sector,
Standard Bank Group is proud to announce a new partnership with South African based technology company, iiDENTIFii. Following the launch of the group’s OneHub platform, this partnership will enable corporate customers to biometrically identify and verify the individuals they are doing business with via OneHub. Identity fraud is one of the fastest growing crimes globally
In the midst of the COVID-19 pandemic, six in 10 SMMEs in South Africa anticipate growth and are proactively planning for the future Upskilling staff for the future, access to data, analytics and insights, and digitising business operations offer highest growth potential for SMMEs As the COVID-19 pandemic continues to put pressure on Small, Medium
IDEMIA launches Global Fintech Accelerator Card programme dedicated to support fintechs in South Africa in expediting the process of cardholder onboarding and card issuance According to data, fintechs continue to attract the lion’s share of venture capitalist funding. In South Africa, reports put the figure anywhere between 25-30%, meaning fintechs in the country absorbed almost
Gamechanger for the unbanked eliminates multiple participants in the flow of funds. As the only known alternative payment system in Africa that has its own payment gateway and can generate its own QR code, newly launched SendSpend is taking fintech where it hasn’t gone before. Launched into the South African market in April, SendSpend is
Partnership with Mastercard will connect millions of Zamtel Mobile Money customers to a global online marketplace, enabling them to use mobile money to make safe online and in-person payments on the Mastercard network Mastercard’s’ technology will deliver a seamless digital experience and drive greater adoption and usage of digital payments for Zamtel Mobile Money customers
Zimbabwe is the first African country to see the rollout of E-Livestock Global’s traceability system powered by Mastercard’s Blockchain-based Provenance solution, bringing end-to-end visibility to the cattle supply chain Innovative solution brings new hope for farmers while helping Zimbabwe regain its lucrative beef export market to support economic recovery E-Livestock Global has launched a first-of-its-kind solution
South African fintech Payflex has given the old-fashioned payment option of lay-by a digital makeover. By leveraging new payment technologies, the part-payment platform is aiming to provide consumers with more affordable access to credit and a dramatically improved user experience. But, there is a key difference between old-school lay-by programmes, and part-payment or buy now
Cybersecurity technology leader Trustonic has announced its partnership with software and consulting company Synthesis Software Technologies to increase the opportunities available to businesses using software Point of Sale (SoftPOS) across Africa. Synthesis became the first Tap on Phone solution provider in Africa when it launched Halo Dot with Nedbank in June 2020. On launch, Halo Dot provided a new
Developed more than ten years ago, 3D Secure 1 was welcomed, but not exactly user-friendly, widely adopted and recognised when a pop-up window appeared with ‘Verified by Visa’ (later rebranded as Visa Secure), ‘SecureCode’ from Mastercard of Safekey from Amex. The system was somewhat convoluted, complex and was often plagued by compatibility issues. A protocol
