With the African Continental Free Trade Agreement set to generate combined consumer and business spending of $6.7 trillion by 2030, the continent requires payment platforms to cater for this growth. To this end, Pay@ – a leading South African payment aggregator and provider of secure payment solutions – will be expanding into several African countries
Mukuru’s recent inclusion in the iAMTN 2020 Annual Report: A Trend Driven by the Covid-19 Crisis – the Shift to Digitalisation in Cross-Border Remittances, highlights the importance of strong payment system interoperability that enables the scalability of digital remittance channels. Where this does exist, the global pandemic has been a catalyst for digital growth in
Strategic alliance will support the development of Africa’s financial services and the growth of Absa Group, a leading African retail, corporate and investment bank Invest Africa (www.InvestAfrica.com), the leading business and investment platform for African markets, and Absa Group, one of Africa’s largest diversified financial services groups, are pleased to announce a strategic collaboration, aimed
Data insights within 24 hours promise to boost business decisions and competitiveness EXPLORE Insights is gearing to offer SME financial services companies in South Africa a crucial data analytics service aimed at delivering real time insights within 24 hours. “Building an internal analytics capability is expensive and complex. Our aim is to quickly, seamlessly and
It is no longer strange to hear from business that 2020 was an exceptional year. For some, it was exceptionally bad and lead to unbelievable hardships. For others, it turned into an exceptionally busy year. The Ombudsman for Banking Services (OBS), Reana Steyn, points out that the OBS had a busy year. Fortunately, the OBS
Innervation Rewards, an incentive and rewards company, has partnered with Mastercard to launch SlipMate, an intelligent expense management solution designed for South African companies to reconcile employees’ corporate expenses from their Mastercard prepaid corporate card. SlipMate offers a mobile app that empowers employees to easily capture, submit and track expense claims. Backed by Standard Bank
Agility and scalability of Temenos platform supports Curo’s large multi-client fund base and rapid pace of product evolution in the investment industry Temenos Multifonds Global Accounting platform enables Curo Fund Services to deliver seamless back office service; Curo is a third-party administrator for 3,000 funds with assets under management in excess of $150 billion; Agility
A collaborative effort between merchants, banks and card networks is required if the greater e-commerce landscape is to benefit from faster approval rates, low-risk trading environments, and a better user experience offered by the new EMV 3-D Secure protocol, says authentication specialist, Entersekt. The original release of 3-D Secure by the credit card networks took
Direct Transact, the largest independent provider of transaction processing solutions for banks and businesses in SA, is appointing three financial industry heavy-hitters to expand the local industry’s open finance capabilities in the global market. The company, which handles more than R30-billion in financial industry transaction flows per month – the flows of nearly 70% of
The Banking Association South Africa (BASA) Transformation in Banking Report 2020 reflects the progress made by banks in transforming the industry and increasing economic inclusiveness and empowerment, despite constrained economic conditions. Significant progress was made on key metrics that track the transformation of the industry and its support for Broad-based Black Economic Empowerment in 2019.
