Two South African Startups make it to Final Round of Visa’s Everywhere Initiative in Sub Sahara Africa

Posted on by Staff Writer | 3070 Views | 15 min read

Leading fintech companies from the Sub-Sahara Africa (SSA) technology startup community have made it to the finals of Visa’s Everywhere Initiative, a global innovation program that tasks start-ups to solve commerce challenges of tomorrow, further enhance their own product propositions and provide visionary solutions for Visa’s vast network of partners. Among the 12 chosen, from

Truecaller Partners with Paystack to Enable More African Businesses to Accept Online Payments

Posted on by Staff Writer | 4719 Views | 4 min read

We’ve partnered with Paystack to allow more merchants across Africa to accept payments online in a frictionless and secure manner by leveraging Truecaller’s mobile identity product, Truecaller SDK. Paystack is one of Nigeria’s largest payments startups, processing nearly 20% of all online transactions in Africa’s largest economy. The company aims to allow merchants in Africa

MTN Rwanda Opens Mobile Money Remittance Corridor to Tanzania

Posted on by Staff Writer | 7494 Views | 8 min read

Users of MTN Rwanda will now be able to send money to Tanzania via Mobile Money as the telco has opened the mobile-to-mobile remittance service between Rwanda and Tanzania. MTN Mobile Money users in Rwanda are now able to send money to Airtel Tanzania subscribers seamlessly and affordably through the MFS Africa Hub. The Hub

Absa Launches New Corporate Identity

Posted on by Staff Writer | 3499 Views | 9 min read

Reclaiming its African roots, the Absa Group, formerly Barclays Africa, has started trading on the Johannesburg Stock Exchange with a new share code (ABG) and a new corporate identity. Strategy Absa Group launched a new growth strategy on 1 March 2018 as it started separating from parent, Barclays PLC, which has held the controlling interest

ATMs have Evolved to Offer Added Value to Users

Posted on by Staff Writer | 3384 Views | 13 min read

Automated Teller Machines (ATMs) have changed markedly since they were introduced. The mordenisation of this popular banking device is one of the untold success stories of digital banking evolution and financial inclusion. Lee-Anne van Zyl, CEO of FNB Points of Presence says ATM devices, which are part of FNB’s Self-Service Channel, are no longer just

Fintech Startup Turns Invoices into a Virtual Credit Card Machine

Posted on by Staff Writer | 3196 Views | 15 min read

Walletdoc, a successful South African fintech startup, has launched a new way for businesses to collect more money from customers using easy and secure online credit and debit card payments on invoices and statements. Leonard Shenker, joint CEO of walletdoc comments, “Consumers are cash-strapped and this creates cash flow issues for businesses. By allowing consumers

SASSA Stabilises Grants Payment System

Posted on by Staff Writer | 3076 Views | 18 min read

The South African Social Security Agency (SASSA) experienced problems in paying a portion of its beneficiaries since the 01 July 2018. SASSA pays over 12 million beneficiaries per month and about 700 000 of them use the new SASSA card. These 700 000 beneficiaries could not draw their money at some of the banking infrastructure

FNB Branches Widen Digital Banking Reach

Posted on by Staff Writer | 3710 Views | 6 min read

FNB customers are increasingly using the bank’s branch based Digital Zones to transact. The bank says the use of its Digital Zones has grown considerably since introduction in 2016 with more than a third of all service transactions done in branches, completed in the digital zone. Lee-Anne van Zyl, CEO of FNB Points of Presence,

Mobecom Enters into New Spur Group Contracts

Posted on by Staff Writer | 3181 Views | 6 min read

Mobecom Limited is pleased to announce it has signed agreements with two of Spur Corporations’ (Spur) franchise brands, John Dory’s and Spur Steak Ranches. Mobecom announced on 30 November 2017 that it had entered into a Master Services Agreement with Spur (MSA), as Spur’s exclusive provider of customer loyalty technology for Spur’s 590+ franchise outlets

Crossfin in Partnership with Apis for Payments Acceptance in Southern Africa

Posted on by Staff Writer | 3379 Views | 19 min read

The pursuit of greater electronic payment adoption among South African merchants received a significant boost with the announcement of a partnership between leading African fintech holding company Crossfin Technology Holdings and global fund manager Apis Partners LLP. According to Anton Gaylard, COO of Crossfin, the partnership with Apis will create an enlarged payments operating company