The acting CEO of the South African Social Security Agency (SASSA), Abraham Mahlangu, has noted the challenges experienced by grants beneficiaries during the current social grant payment cycle. “We are aware that beneficiaries are experiencing problems with the electronic payment of their social grants. What is being experienced is a result of a process of
Zimbabwe’s leading mobile money service EcoCash unveiled a dedicated wallet for business payments. The business wallet, which represents the first time in Africa that an enterprise transactions service has been integrated onto a mobile money platform, will offer EcoCash merchants, agents, payroll wallet holders and billers full control of their funds by affording them the
Standard Bank is one of twenty-six leading banks from 5 continents, which are re-defining banks’ purpose and business models to align the sector with the UN Sustainable Development Goals (SDGs) and the Paris Climate Agreement. “Our sustainability and success are inextricably linked to the prosperity and wellbeing of the societies in which we operate. We
Digital Banking has not only opened access to a wider array of banking products for customers across different demographics, it also gives them full control of their banking. Khathu Ramoliko, Head of Gold at FNB, says “Over the last 12 months, we have noted that 83% of our Gold accountholders are actively using digital banking,
Early this year, Orange Money Botswana and EcoCash launched a new partnership to enable better and more affordable access to digital money transfers between Zimbabwe and Botswana. Powered by TransferTo’s global mobile payments network, this service now allows Zimbabwean diaspora, living in Botswana, to use their Orange Money digital wallet to send money back home
Reg Swart, an instrumental figure within the digital payments sphere, has joined the Nomanini Board of Directors. Nomanini is a South African-based enterprise payments platform provider that optimises transactions in the informal retail sector. Swart is currently the Chief Commercial Officer of MFS Africa, the largest and fastest growing African digital network. Previous roles included
Banking and Payments companies should not be afraid of making changes, tackling legacy infrastructure, and embracing new technology. This was the key idea put forward at the ATMIA 2018 Banking and Payments Summit which was held in Cape Town recently. The event, which was hosted by the ATM Industry Association (ATMIA) and Renovite Technologies, brought
FNB launched nav» Money; a digital solution that helps customers improve and navigate the road to financial fitness. This innovative tool is a continuation of the nav» journey which already includes nav» Home and nav» Car. Efforts to manage and understand your financial situation should be an ongoing focus for all South Africans. “The nav»
Project Khokha is a proof of concept designed to simulate a ‘real-world’ trial of a distributed ledger technology (DLT)-based wholesale payment system. The project focussed on providing participants practical experience on aspects of using DLT in a realistic test environment where different deployment models were utilised. The results show that the typical daily volume of
Ingenico Group supported the roll-out of a secure biometric solution in Zambia in partnership with Paycode. This program allowed the distribution of 22 million dollars subsidies in rural Zambia within 3 months. Since 7 November 2017, the program has allowed registered farmers to access a government-funded program, the FISP subsidy, in which farmers make a
