Want to top with up with mobile data in a matter of seconds, grab that purchase and go, or pay your bills from the comfort of your couch? You’re not alone. Today people are living an increasingly digital – and mobile – life and they expect their ability to pay for their needs and wants
The launch of Standard Bank’s unique SimplyBlu digital solution powered by Mastercard could see thousands of South African small businesses crossing the ‘digital divide’ and entering the world of electronic trading, until now an option that has been closed to local companies because of the costs involved with setting up an online presence. One of
The High Court in Johannesburg has ruled in favour of the National Credit Regulator (NCR) against Standard Bank that the common law set-off does not apply to credit agreements subject to the National Credit Act (NCA). This follows an application for a declaratory order brought by the NCR against Standard Bank seeking legal clarity on
Botswana Telecommunications Corporation Limited (BTC), Botswana’s fastest and widely available mobile network, has revamped and introduced SMEGA, its mobile money service. SMEGA now works on Comviva’s mobiquity® Money platform, one of the world’s largest white-labeled mobile money platform. SMEGA offers consumers a quick, convenient and secure way to perform financial transactions from the comfort of
After careful consideration and consultation with key stakeholders, PASA will be reducing the maximum value for writing a cheque from the current value of R500 000 to R50 000, effective 01 May 2020. Walter Volker, Chief Executive Officer of PASA believes that this limit reduction stems from the need for better risk management and the
Specialist financial services provider Sasfin Bank has established a Digital Advisory Council to provide the market with industry-leading expertise and insights on trends shaping the use of technology in financial services. Digitalisation is one of the most powerful forces for change shaping Finance today. This has turned Fintech into one of the most vibrant sectors
American Express has launched vPayment in the South African market, offering travellers and travel agents a safe, simple and reliable way to pay for their travel bookings. vPayment controls and streamlines the payment and reconciliation process by assigning a unique American Express virtual account number and user-defined expense information to each transaction. A bespoke transaction
The Tribunal has approved a large merger, without conditions, whereby Absa Bank Ltd (Absa) seeks to acquire Société Générale SA (SocGen) Johannesburg branch in respect of target assets. Absa is a wholly owned subsidiary of Absa Group Ltd (Absa Group). Absa is listed as a regional African banking and insurance business. It offers a complete
Through the WorldRemit website and app SMEs can now quickly and securely transfer money to pay employees and contractors in 140 countries including South Africa. Leading digital money transfer company WorldRemit has launched WorldRemit for Business, a new service that enables small and medium-sized business owners to quickly pay their employees and contractors in 140
Standard Bank is leveraging its digital capabilities to create superior digital platforms that enhance customer experience and enable easy and affordable access to banking services. As part of this, the bank has launched several innovative and digital firsts. This week Standard Bank introduces a R4.95p/m bank account called MyMo that customers can open on their
