While there has been much hype around the mobile payment revolution in various informal markets in Africa and elsewhere, the reality is that these are still cash-based markets. In fact, cash still accounts for over 85% of consumer transactions globally. Another key and often overlooked feature of many informal markets is the high number of
Visa Inc. introduced a new specification to use biometrics with chip card transactions. The specification can enable palm, voice, iris, or facial biometrics. This first-of-its kind technology framework is designed to work with the EMV (Europay, MasterCard, Visa) chip industry standard to help ensure open, globally interoperable solutions. Biometric verification is intended to prevent fraud
Leading electronic payment solution provider in South Africa, PayU, is pleased to announce the signing of a two-way partnership with Callpay, the provider of secure payment technology for call centres. As Callpay continues to expand its presence, the agreement will provide existing and new PayU merchants with a secure way to accept payments over the
Investec Asset Management has acquired a significant shareholding in wiGroup, South Africa’s only interoperable point-of-sale mobile transacting network. Investec Asset Management will partner with wiGroup’s founder management and existing shareholder Capital Eye Investments (CEI) to support the Company’s growth and development both domestically and in new markets outside South Africa. Founded in 2007, wiGroup has
This year marks the 21st official year of eCommerce globally, after NetMarket reportedly recorded the first ever online transaction by selling a Sting CD online, on 11 August 1994. Since then eCommerce has come a long way globally, and continues to grow. Last year the industry globally accounted for $1.5 trillion in sales, and it
Although e-commerce is growing fast in South Africa and across the continent, the majority of the population in African markets is still excluded from buying online. This is no fault of online retailers or service providers – it is simply because many South Africans (and Africans) do not have their own bank account or a
First National Bank (FNB) has been voted as South Africa’s top Corporate Bank in the business category in the 2015 Sunday Times Top Brand Survey. The winning brands are voted for by consumers and business decision-makers who rank them as being the best in their category in a nationwide survey. Now in its 17th year,
Gartner, Inc.’s “Hype Cycle for ICT in Africa, 2015″ report identifies over 30 key technologies and describes how they will impact business performance during the next 10 years. “The Hype Cycle aims to help global strategic officers and domestic CIOs from the private and public sectors take account of the current state of important technologies
The rise of e-commerce and increased competition are driving the demand for real-time supply chain visibility. This is according to Oliver Facey, Vice President of Operations for DHL Express Sub-Saharan Africa, who says that supply chain operators should increasingly invest in transportation management systems and solutions to improve the quality, speed and precision of service.
The 2015 South African eCommerce Awards continued to see solid growth this year, with more than 200 websites entering the awards. The awards, now in their 10th year, are designed to recognise and reward those South African websites that have demonstrated excellence in their use of the Internet as a platform for commerce. Through a
