$1.3 Million Grants Approved for Two Research Efforts to Enhance Women’s Digital Access to Loans and Micro-insurance

Posted on by Staff Writer | 5923 Views | 12 min read

The African Development Bank has approved two grants for research that will increase African women’s access to a range of digital financial services including loans and micro-insurance. The grants, for $1 million and $300,000 respectively, will be disbursed through the Africa Digital Financial Inclusion Facility, a blended finance vehicle supported by the Bank, to two

SA Fintech firm Adumo gets R225m Investment to Expand Digital Payment Solutions in Africa

Posted on by Staff Writer | 4734 Views | 13 min read

South African fintech group Adumo have announced R225 million ($15 million) in new funding from IFC, a member of the World Bank Group, and the IFC Financial Institutions Growth Fund to expand access to electronic payment solutions, especially for underserved small and medium-sized businesses. IFC’s investments will support Adumo to make digital payments systems more

South Africans Can Now Buy Now and Pay Later (Zero Interest) at Africa’s Largest Digital Mall

Posted on by Staff Writer | 4401 Views | 9 min read

South Africans can now shop online and pay later, interest-free over six weeks. Payflex has brought the buy now pay later shopping phenomenon to South Africa following its extraordinary popularity in Australia, the USA and Europe. Payflex customers can shop at Africa’s largest digital mall which includes over 500 well-known stores like Cotton-on, Superbalist and

Women Entrepreneurs are Making Progress in South Africa, but Challenges Persist – Mastercard Index

Posted on by Staff Writer | 3547 Views | 27 min read

While women entrepreneurs are making strides to overcome gender-related biases and advance their businesses in South Africa, they still face several structural and social obstacles, many of which have been exacerbated by the Covid-19 pandemic. This is according to the South African results of the latest Mastercard Index of Women Entrepreneurs Index (MIWE), announced on

South African Fintech Enabler, Ukheshe Technologies, Confirm Global Expansion

Posted on by Staff Writer | 6044 Views | 12 min read

Leading South African digital fintech enablement provider, Ukheshe Technologies has confirmed it is expanding its operations internationally. Having established itself as a formidable payment technology specialist within the B2B sector, the company has set its sights on the Middle East, Europe and Asia Pacific. The move comes on the back of several successful high-profile projects

TallOrder POS Integration with Netcash Offers Truly Contactless Payment Experience

Posted on by Staff Writer | 3786 Views | 10 min read

Netcash and Cloudone.mobi have announced a partnership to make it faster, simpler and more convenient for small and medium businesses in the hospitality and retail sector to accept and reconcile payments. Included are contactless mobile payments using South Africa’s most popular QR code applications. Tight integration of TallOrder Point of Sale (POS) software and the

All Shoprite, Checkers & Usave Stores Now Accept Cash Deposits for Major SA Banks

Posted on by Staff Writer | 4227 Views | 7 min read

Customers can now deposit cash directly onto their bank card at the till point in any Shoprite, Checkers or Usave store. Together with other established in-store services like cash withdrawals, money transfers, and bill payments, this new functionality means shoppers can now perform most basic banking tasks at all supermarkets within the Shoprite Group. Cash

Mastercard Partners with Hellopay to Bring Contactless Payments to South Africa’s Informal Economy

Posted on by Staff Writer | 4676 Views | 15 min read

Hellopay to roll out Mastercard Tap on Phone technology, enabling small businesses to accept contactless payments using their NFC-enabled Android phone Hellopay, South African payments facilitator and the financial services arm of the Hello Group, and Mastercard today announced a partnership to roll out SoftPOS – a contactless acceptance solution that turns any NFC-enabled Android

GEPF Reappoints Standard Bank to Provide Master Custody and Additional Services for its R2 Trillion Portfolio

Posted on by Staff Writer | 3737 Views | 9 min read

South Africa’s Government Employees Pension Fund (GEPF), the largest pension fund in Africa, has reappointed Standard Bank to provide a comprehensive range of investor services product and service solutions for its portfolio of assets currently worth over R2-trillion. This follows the conclusion of the most recent five-year contract between the parties. Under the new agreement,

SARB | Consultation Paper on the Feasibility of Establishing a Domestic Card Scheme in South Africa

Posted on by Staff Writer | 3843 Views | 4 min read

The South African Reserve Bank recently launched a consultation paper on the feasibility of a domestic card scheme. According to their consultation paper, the purpose of this consultation paper is to obtain opinions, views, and suggestions on the feasibility of establishing a domestic card scheme and to request stakeholders to complete a questionnaire in this