As South African consumers and retailers prepare for the shopping spree associated with the international trend of Black Friday and Cyber Monday, the real achievement for the country will be the expected improvement in the adoption of e-Commerce. Dr Christoph Nieuwoudt, CEO of FNB Consumer says, South Africa’s e-Commerce is likely to get a boost
As South African consumers and retailers prepare for the shopping spree associated with the international trend of Black Friday and Cyber Monday, the real achievement for the country will be the expected improvement in the adoption of e-Commerce. Dr Christoph Nieuwoudt, CEO of FNB Consumer says, South Africa’s e-Commerce is likely to get a boost
Mastercard is collaborating with Durban-based tech company Spazapp, to bring secure, seamless and convenient mobile payments to thousands of informal traders and convenience stores, better known as spaza shops, in South Africa. By combining their expertise and reach, the companies intend to unlock economic growth by helping informal micro-businesses connect to formal markets and digital
A combination of innovation, talent and investor savvy has propelled a Stellenbosch tech firm to the forefront of the international mobile security and authentication industry. Entersekt protects digital service providers and their customers from digital banking and payments fraud, particularly when transactions take place on mobile devices. Smartphones are emerging as the primary platform for
PayPal has announced the launch of its Seller Protection Programme in some Sub-Saharan Africa countries, in an effort to empower local businesses to trade online, both locally and globally with confidence and peace of mind. PayPal’s Seller Protection Programme is designed to help protect merchants from buyer’s claims, chargeback, and reversals, so that they are
Direct Pay Online Group (DPO) has received a second investment of $5M from the UK based private equity fund, Apis Partners. This investment, which follows the initial $10M investment made last year, will be used to fuel DPO Group’s ambitious strategic plan which includes organic growth across Africa, strengthening the Group’s position through mergers and
South Africa has just got its own version of Venmo, one of the US’s most successful payment platforms owned by PayPal that processes $25 billion in person to person payments annually. The Slide app, founded by three young South Africans who recently returned from living in the States, has been developed to change the way
Banking customers who traditionally bank via branches are embracing in-branch digital banking channels, says First National Bank (FNB). The bank says its customers are increasingly using its spread of in-branch Digital Zones and free WiFi. Significantly, branch personnel are also able to help customers download the bank’s zero rated App to conduct most transactions they
Banking customers who traditionally bank via branches are embracing in-branch digital banking channels, says First National Bank (FNB). The bank says its customers are increasingly using its spread of in-branch Digital Zones and free WiFi. Significantly, branch personnel are also able to help customers download the bank’s zero rated App to conduct most transactions they
Mastercard has announced a collaboration with South African fintech company Yoco to roll out 15,000 mobile Point of Sale (mPOS) devices to small and medium-sized businesses by the end of the year, while educating them on the benefits of going cashless. To start accepting card payments, business owners simply connect the Yoco card reader to their
