Online payment gateway, PayFast has launched a new merchant-financing service in partnership with local fintech lender, Retail Capital, called Easy Advance. The service is designed to help merchants leverage short-term working capital to grow their business, without compromising their cash flow. “Small businesses are generally more agile and quick to adopt creative strategies. Throughout 2020,
Simple and effective solution solving complex and expensive problem QR codes have been a huge hit with smaller traders, especially in the hospitality industry, weekend markets and owner-run businesses. Zapper’s continued success at Dis-Chem, however, is proving that the technology is possible at even the largest of retailers – without the expense of new pin
Sending payments across borders requires high levels of collaboration, communication, and trust. And that experience should be as straightforward, simple, and secure as possible. By transforming the SWIFT platform to centrally orchestrate transactions end to end, we are taking the next step towards enabling instant, frictionless cross-border, account-to-account payments. Here, Stephen Lindsay, Platform Evolution –
The longest running behavioural rewards programme in SA’s banking sector FNB’s eBucks Rewards programme is South Africa’s leading multi-partner rewards programme that has spent the past 20 years driving good banking behaviour and rewarding customers with R14.2 billion in eBucks since inception. To date, customers have redeemed R13.3 billion in eBucks through a network spanning
Botswana Savings Bank (BSB) has selected global leading digital banking provider, CR2, to launch a suite of digital banking channels and payment services. This will allow BSB to execute their digital transformation strategy and offer a suite of value added services to their customers via digital channels. The sheer importance of providing dynamic digital banking
Ukheshe, a digital fintech platform provider, has announced the appointment of Prins Mhlanga, CEO of Ocean on 76 Group, as a non-executive director. Since launching two years ago, Ukheshe has established itself as a leading payment technology specialist successfully collaborating with several blue-chip payment brands. The appointment of Mhlanga comes at a time when the
In a positive move for the South African fintech landscape, Spot Money has launched the country’s first Open Banking offering. The move follows the 2020 acquisition of the Virgin Money South Africa business by a leading South African private equity firm, in partnership with the local executive management team. Central to the rebrand of the
The South African Social Security Agency (SASSA) is refuting social media misinformation and claims about the expiry of the SASSA-SAPO Card on 31 March 2021. These claims are not true. The SASSA Cards will NOT stop working on 31 March 2021. The cards will have to be replaced, as indicated by the SA Reserve Bank report
Mastercard is furthering its commitment to create a more sustainable and inclusive digital economy, with a pledge to reach net zero emissions by 2050. Understanding that economic growth cannot come at the expense of the planet, the company’s global action plan aims to continue to reduce greenhouse gases (GHG) by remaining focused on the decarbonization
2021 will continue to see the digitisation of payments across various industries including retail, professional services and ecommerce. Online payment gateway, PayFast saw unprecedented growth in industries which previously had a limited need for digital payments. These included a 1 787% year-on-year increase for online liquor stores; a 683% uptake in telecommunications services and a 512%
