Practical applications The practical applications for the cryptocurrency have advanced considerably in the last five years. This can be seen in the way e-commerce has magnetised toward the security of Bitcoin. For example, a merchant in Johannesburg who is selling to customers in Botswana (or Barbados, for that matter) wouldn’t have all the issues associated
HomeSend, the international payment and money transfer hub, announced the launch of live remittance services for Hello Paisa, a South African money transfer operator offering a fast and efficient way for customers to send money to friends and family in other countries. A joint venture between MasterCard, eServGlobal and BICS, HomeSend is changing the way
WeChat has extended its features in South Africa with the introduction of the WeChat Wallet, a digital wallet service. Like a physical wallet, you can securely store your bank cards and make instant cash payments within WeChat with the new feature. With WeChat Wallet, users can electronically send cash to friends and family, just like
The world of retail came alive at the Cape Town based wiGroup offices with over 65 hospitality and retail organisations attending an interactive event that unpacked the future of the South African mobile transaction landscape. wiGroup, together with Barrows, hosted an interactive event that “turned on” retail through mobile transacting combined with digital media. Ten
PayU Wallet redefines online and mobile shopping for consumers and retailers PayU has launched PayU Wallet, a product that enables secure, quick and easy ways to pay online across a variety of devices. It delivers improved mobile security, convenience and capability for online shopping whether on a smartphone, tablet, phablet or PC. Providing both consumers
Terra, a mobile-first international network, for low-value remittances, launched Terra Connect, its application programming interface suite, to enable mobile wallet providers offer affordable, accessible international remittance products and maximize global reach. The size of the African remittance wallet is valued at USD 65 billion, with more than 30 million migrants initiating 300 plus million remittances
The mobile money agency system has made huge progress in increasing access to financial services and reducing the cost of transactions, though in terms of serving the “last mile” – those wishing to make single dollar transactions – there is still much to be done. But the answer may be staring us in the face,
