Visa Investing in South Africa to Extend its Payments Network

Posted on by Staff Writer | 3867 Views | 7 min read

Visa has announced plans to establish localised processing infrastructure in South Africa.  The new infrastructure will supplement the company’s global processing network VisaNet and serve both domestic and international payments for South African clients. VisaNet is one of the world’s most advanced processing networks delivering secure, reliable and scalable transaction processing and value-added payment services.

PayGate and Retail Capital Join Forces to Launch New Short-Term Finance Offering

Posted on by Staff Writer | 3929 Views | 11 min read

New short-term finance launched to help merchants cash in on Festive sales. Local Payment Service Provider, PayGate has partnered with Retail Capital to provide businesses with short-term working capital. The co-created Easy Advance product will allow merchants to gear up to take advantage of the approaching Black Friday and Festive Season opportunities. “Over the last

Capitec’s Acquisition of Mercantile Bank Holdings Limited and Its Subsidiaries

Posted on by Staff Writer | 4236 Views | 5 min read

We are pleased to announce that the Minister of Finance and other Regulatory Authorities have formally approved Capitec’s purchase and acquisition of Mercantile Business Bank. This is an exciting timing for both Capitec and Mercantile and brings new opportunities as we build Capitec’s Business Banking offering off the “firm foundation” of Mercantile. Why did we

MoData Launches Automated Reconciliation Platform as a Cloud Solution

Posted on by Staff Writer | 3361 Views | 8 min read

MoData, one of Africa’s leading digital enablement and cost-optimisation companies, will be officially launching ‘auto-Reconciliations in the Cloud’ at the forthcoming Finance Indaba Africa in Sandton on the 16th and 17th of October. The cloud-based reconciliation platform is built on the Fiserv’s world-class Financial Control Solution, which counts leading South African organisations such Old Mutual,

Global Fintech Hackcelerator @ Southern Africa

Posted on by Staff Writer | 3680 Views | 19 min read

The top 12 innovative and sustainable fintech solutions have been shortlisted for the Global Fintech Hackcelerator @ Southern Africa. The South African Reserve Bank (SARB) will host a Fintech Demo Day on 29 October 2019 to select the two winning solutions. In August 2019 the SARB joined forces with KPMG Matchi to run the 2019

Standard Bank Partners with iiDENTIFii to Enable Secure, Frictionless Digital Banking

Posted on by Staff Writer | 4016 Views | 15 min read

Standard Bank, Africa’s largest bank operating in over 18 African countries as well as in Asia, Europe, North America and South America, have partnered with iiDENTIFii, a Cape Town-based technology company that enables remote biometric digital authentication and automated onboarding. By deploying the world-leading iiDENTIFii solution across the bank’s existing product and service offerings, Standard Bank

Standard Bank Scoops Awards at SIBOS

Posted on by Staff Writer | 16694 Views | 7 min read

Standard Bank Group, Africa’s largest bank by assets, has received a number of industry awards from Global Finance, presented on the side-lines of the annual 2019 SIBOS conference held in London. “We are pleased to have received these awards which serve as recognition of our Africa-focused strategy, and bear testament to our role in continuing

Strong Capitec Growth Driven by Digital Adoption and Higher Income Credit Clients

Posted on by Staff Writer | 3712 Views | 30 min read

SA’s leading retail bank has again produced a solid set of interim results. Their affordable banking solution that is simple to understand, transparent and helps clients improve their financial lives continues to resonate with consumers from all walks of life. Capitec obtained an average client growth of almost 200 000 clients per month over the

Sasfin Reports Jump in Headline Earnings as Credit Quality Improves

Posted on by Staff Writer | 3452 Views | 3 min read

Sasfin posted a 32.05% growth in headline earnings to R161.305 million (June 2018: R122.152 million) with an increase in headline earnings per share of 31.42% to 501.00 cents (June 2018: 381.21 cents) for the year ended 30 June 2019. According to Group Financial Director, Angela Pillay, the growth in the earnings is primarily due to

Partnerships are Key to Driving the Future of Inclusive Payments in South Africa – Mastercard Deloitte Report

Posted on by Staff Writer | 3364 Views | 20 min read

The financial services sector in South Africa is undergoing an unprecedented transformation. Rapid developments in digital technologies are both disrupting and enabling change in previously disconnected sectors, such as banking, telecommunications and retail. These advancements make digital payments and services more readily accessible and affordable to consumers and small businesses, but the usage of such