The South African Reserve Bank (SARB) has issued an operating licence to TymeDigital by Commonwealth Bank SA. This is the first licence issued to a new bank by the SARB since 1999. The licence is scheduled to be published in the Government Gazette on Friday 29 September 2017. Commonwealth Bank of Australia (CBA) Group CEO,
Visa held the 2017 Merchant Forum in Cape Town recently, bringing their global experts to share insights with local merchants and showcase their new merchant focused offerings that enable greater customer engagement, marketing collaboration, and data insights. The forum was specifically designed to speak to non-bank Visa clients that are on the acceptance side of
Visa held the 2017 Merchant Forum in Cape Town recently, bringing their global experts to share insights with local merchants and showcase their new merchant focused offerings that enable greater customer engagement, marketing collaboration, and data insights. The forum was specifically designed to speak to non-bank Visa clients that are on the acceptance side of
South African salaries and pensions have increased above the rate of inflation for the sixth consecutive month, with salaries improving by an average of 1.1%, after inflation, compared with August last year, while pensions grew by 0.9% in real terms. Mike Schüssler, Chief Economist at Economists dotcoza, points out that the increases recorded by the
South African salaries and pensions have increased above the rate of inflation for the sixth consecutive month, with salaries improving by an average of 1.1%, after inflation, compared with August last year, while pensions grew by 0.9% in real terms. Mike Schüssler, Chief Economist at Economists dotcoza, points out that the increases recorded by the
Luno announced its expansion into 35 new markets across Europe, and R120 million Series B funding round, led by London-based Balderton Capital, one of Europe’s leading venture capital firms. Rand Merchant Investments, through its fintech investment arm, AlphaCode, and existing investors Digital Currency Group also participated in the round. This follows Luno’s R60m Series A
As more financial service providers adopt machine-to-machine (M2M) solutions, it is becoming ever more apparent that these solutions are vital to economic inclusivity and innovation on the African continent. This is according to Jeremy Potgieter, SADC regional head at Eseye, who notes that the financial sector has always been a front runner in technological advancements
As more financial service providers adopt machine-to-machine (M2M) solutions, it is becoming ever more apparent that these solutions are vital to economic inclusivity and innovation on the African continent. This is according to Jeremy Potgieter, SADC regional head at Eseye, who notes that the financial sector has always been a front runner in technological advancements
Following its investment in new data centres and disaster recovery strategies, BankservAfrica, the largest automated clearing house and payment system operator in Africa, has contracted Veeam Software to modernise its backup and data protection systems. Processing billions of transactions annually for 23 banks and their 27 million customers while maintaining the safety and security of
Following its investment in new data centres and disaster recovery strategies, BankservAfrica, the largest automated clearing house and payment system operator in Africa, has contracted Veeam Software to modernise its backup and data protection systems. Processing billions of transactions annually for 23 banks and their 27 million customers while maintaining the safety and security of
