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
The South African Social Security Agency (SASSA) has noted with concern the increasing number of fake SMSes that are being circulated to beneficiaries. In a recent incident the Agency has received reports that beneficiaries received an SMS instructing them to re-register their social grants because cash paypoints will be fully phased-out by August 2018. The
Shoprite has announced the launch of Shoprite Money – a new mobile transactional banking service which is available to everyone in South Africa, even those without existing bank accounts. Using their Shoprite Money mobile wallet, this new service will enable customers to deposit, withdraw or send money as well as buy groceries at any of
FNB has announced that SMEs can now completely switch or open a new bank account in less than five minutes through selfie authentication and digital KYC on the FNB App. This paperless cheque account opening process uses biometric technology to validate the business and its owner, allows the SME to order and courier new cards,
Vendibit, a South African blockchain company, proudly announced re-opening and rebranding of Africas very first “VTM”, a “cryptocurrency-ATM”, sometimes called a BTM, upgraded with Vendibit blockchain technology. The machine originally launched in 2014 to offer Bitcoin purchases will be available to the public and demonstrates how easy it can be to purchase digital currencies like
