FinTech in South Africa: Accelerating the Digital Transformation of Banking & Financial Services

Posted on by Staff Writer | 3420 Views | 19 min read

Africa’s financial services landscape continues its dynamic evolution as the rapid growth of FinTech on the continent drives both the disruption and leapfrogging of legacy systems and further accelerates the digital transformation of financial services. In South Africa, the major banks are rapidly ramping-up their own innovation strategies and collaborating with new game-changing start-ups to

PayPal Suggests South Africans Prefer Digital Wallets

Posted on by Staff Writer | 3837 Views | 10 min read

PayPal released data about mobile phone usage and mobile eCommerce at the Seamless Africa Conference in Cape Town earlier this week. Online shopping is on the rise in South Africa. South Africans spent R37.1 billion shopping online in 2016, an increase of nearly 30% from the previous year. These numbers are expected to continue to

FNB Produces Strong Results Despite Tough Conditions

Posted on by Staff Writer | 3164 Views | 16 min read

Profits from FNB’s Retail business surged 21%, while the bank’s Commercial business units produced profit growth of 13%. The results were robust given modest advances growth.   The bank’s Retail businesses experienced excellent contributions from its client franchises; credit card, residential mortgages and the transaction franchise all showing strong double digit growth. Credit card earnings

SASSA Makes Great Strides Towards Insourcing Grant Payments

Posted on by Staff Writer | 3070 Views | 16 min read

One of the key goals of the South African Social Security Agency (SASSA) is to manage and pay social grants without the use of a third party contractor as is currently the case. SASSA is on course to achieving this goal of ensuring that payment of social grants is insourced. It has already made direct

BankservAfrica Builds Momentum for Payments Modernisation in South Africa

Posted on by Staff Writer | 3393 Views | 14 min read

Digital and mobile economies of the future requires that South Africa look to the next generation of payments infrastructure to fulfil developmental goals and remain competitive in the global economy, according to BankservAfrica. This is a key priority for the organisation which, in collaboration with key stakeholders and related industry bodies, intends on driving payments

eCommerce Automation and Personalisation set to Shake Things up in SA

Posted on by Staff Writer | 3493 Views | 20 min read

As part of the Lagos State Government’s strategic vision to embrace a digital future through the adoption of innovative technology and processes across all spheres of governance and public-sector service delivery, the Executive Governor of Lagos State Mr. Akinwunmi Ambode announced on Monday, February 19 that effective from the 1st of March 2018, the State

Air Namibia Places Trust in Wirecard for Flight Bookings

Posted on by Staff Writer | 5551 Views | 7 min read

The national airline of Namibia, Air Namibia, and Wirecard, one of the leading specialists in digital financial technology, are cooperating in the field of payment processing. Air Namibia customers around the world who book via the airline’s website www.airnamibia.com now have the option of paying by Diners/Discover and JCB credit card additionally to Visa and

FNB Branches Leading Digital Banking Adoption

Posted on by Staff Writer | 3338 Views | 9 min read

FNB says its branches are playing a pivotal role in introducing customers to digital banking channels in order to bank in a convenient and affordable manner. The bank revealed that over the last year, its branches recorded the highest number of customers that migrated to the FNB Banking App, Online Banking and Cellphone banking for

AFRRI 2017 Financial Services in Africa: Disruption vs Leapfrogging

Posted on by Staff Writer | 3782 Views | 13 min read

The 2017 African Financial Retail Readiness (AFRRI) Report looks at the relationship between technology and financial retail services in Africa. Produced by Calleo, a South African based marketing consultancy, in consultation with iVeri Payment Technologies, a leading global payment solution provider, the report gives a thorough analysis of the key metrics that are required for

SASSA Requests Extension of Suspension of Contract Invalidity

Posted on by Staff Writer | 2895 Views | 13 min read

SASSA filed an affidavit with the Concourt to request an extension of the suspension of invalidity of the CPS contract. This is to allow SASSA to phase out CPS and phase in a new service provider. The reason for this development is that the contract with CPS ends at the end of March and a