Speaking at the Retail Congress Africa in Cape Town recently, James House CEO of 5one, a global retail consultancy purchased by MasterCard in 2014, discussed how the evolving retail environment is changing the way retailers must engage with their customers. Customers are no longer relying on just one channel when making a purchase and this
There is a digital convergence happening in the payments space. Online shopping, mobile devices, and pervasive connectivity are redefining the roles of ‘traditional’ and ‘emerging’ payments systems, while mobile devices are blurring the lines between card-not-present and card-present transactions. Payments Afrika attended the recent Retail Congress Africa conference and had an opportunity to speak to
Innovative technologies impact almost every aspect of our daily lives, from the way we communicate and manage our health to the way we pay for things. The rise of digital payments and the convergence of these technologies is the most significant development since the introduction of payment cards half a century ago. The mobile phone
Virtual Card Services (VCS), a leader in developing and implementing credit, debit and smart card processing systems, has announced a strategic partnership deal with the multiple award-winning loyalty business Cashbackpoint. In a first for the African continent, the deal brings payment card linked cashback rewards to the online market. Consumers in South Africa can register
One only needs to take a quick look at a website like scambuster.co.za to get a first-hand sense of how prevalent payment crime and fraud is. Regardless of the platform; whether traditional classifieds, online trade sites like OLX or Gumtree, or simply the phishing scams that come to your inbox, payment crime and fraud are
Mukuru announced it had entered into partnership with Malawi Posts Corporation (MPC) to allow for easy access of remittances to Malawi. The partnership will allow for Mukuru customers in Malawi to easily collect cash sent from South Africa, the UK, Canada and European Union from any of the 182 Post Offices across Malawi. This brings
South African-based enterprise payments platform provider, Nomanini, has raised an undisclosed round of funding from impact investment firm Goodwell Investments. The investment in Nomanini is the second on-the-ground investment made by Goodwell Investments in South Africa from its EUR 50 million uMunthu fund, which is targeting startups and high growth companies in the financial inclusion
Mozido Africa, a subsidiary of Mozido, Inc., announced the opening of its African headquarters in Johannesburg, South Africa. This represents a key milestone in the expansion of Mozido and the company’s commitment to the continent of Africa. Africa has some of the fastest growing mobile money markets worldwide. Providing African consumers access to Mozido’s innovative
FNB Islamic Banking is proud to announce that its Chief Executive Officer, Amman Muhammad, has been awarded the prestigious “Upcoming Personality in Global Islamic Finance – 2015” award and title at the Global Islamic Finance Awards (GIFA) 2015 gala event that was held in Manama, Bahrain recently. The GIFAs recognise and celebrate the success and
Mukuru, an African focused remittance company, has recently launched a storecard in Zimbabwe in partnership with local retailers Halsteds and Electrosales. Mukuru users in South Africa will be able to send US Dollar credit onto a Mukuru Storecard for their recipient who can then use the card to shop at a discounted rate in partner
