Just over four out of five (82%) South African consumers indicated in a recent survey that their household income has been negatively impacted by Covid-19. In addition, 84% of these consumers are concerned about their ability to pay bills and loans, while 31% expect to run short within one month. To tackle these frightening statistics
New Mastercard feature enables banks to equip people with carbon footprint data and insights about environmental impact Recent research by Mastercard revealed 98% of adults in South Africa are willing to take personal action to combat environmental and sustainability issues Amidst the growing trend toward eco-conscious spending and consumption among people who want to pursue
Fintech startup and buy now pay later (BNPL) provider Payflex says that the part-payment platform grew from a shopper base of 2 000 to 85 000 in 12 months and its customer base soared from 70 merchants in 2019 to over 750 active stores this year. In addition, online merchants in SA which offer a buy
ATMIA has certified the world’s first Next Gen ATM product, following a multi-year global project, involving over 400 companies in 56 countries, to create a new global API App model for ATMs. “This is a milestone in the actual reinvention of the ATM to integrate ATMs into the mobile-digital world and to set up a
Standard Bank decided to migrate its on-premise Atlassian toolset onto the AWS infrastructure and partnered with Synthesis to ensure best practices were adhered to and a seamless transition was possible. Challenge A number of significant outages were experienced on this toolset due to the on-premise infrastructure having aged. Users were faced with an increase in outages
Mastercard has announced the appointment of Victor Ndlovu as Director, Country Business Development Lead, East Africa. Victor is a seasoned business leader with close to three decades of solid experience in the fintech, banking and payments industry. He joins Mastercard from Ukheshe, based in South Africa, where he spearheaded the Fintech’s presence in Africa with
How Mobile and Innovative Financial Service Solutions can shape resilient societies across Africa by acting as a catalyst of financial inclusion and entrepreneurship Author: Pat Adams SADC Banking Association Developing financial resilience with Fintech The 16 member states of the Southern African Development Community (SADC) have a combined estimated population of 345 million,32% of which
It is a common belief that financial access should lead to financial prosperity. According to the World Bank, financial inclusion is defined as all people and businesses having access to useful and affordable financial products and services that meet their needs. Sakhile Mabena, CEO, Ofin, a venture-backed fintech startup specialising in Behavioural Data Analytics, Financial
The South African Reserve Bank (SARB) has embarked on a study to investigate the feasibility, desirability and appropriateness of a central bank digital currency (CBDC) as electronic legal tender, for general-purpose retail use, complementary to cash. A retail CBDC can be defined as a digital form of cash aimed at providing the best attributes of
The ATM Industry Association (ATMIA) this week announces the approaching retirement of their much-loved Global Director of Finance and Member Services, Sharon Lane. “Sharon’s 18-year career with ATMIA has been extraordinary and her legacy will be highly effective systems of both financial and membership management, as well as the culture of caring for each and
