Verifone Mobile Money and MTN Group, announced an agreement to deliver retail payment devices to merchants across 16 of MTN’s operating countries. The solution will enable customers to pay for goods and services using their mobile phone and MTN Mobile Money wallet, while merchants will be provided with payment terminal solutions from Verifone. “We are
Research shows that South Africans have a big appetite for ecommerce and find lower costs, fast and flexible delivery and more significantly, safer ways to pay to be driving influences for conducting more e-commerce purchases. A recent study conducted in South Africa by Ipsos, a global market research company, on behalf of PayPal and FNB,
FNB announced that the cardless cash withdrawal feature is available on the latest version* of the FNB Banking App. The feature allows customers to withdraw money at an ATM without using their bank cards. This launch to the 1.2million active devices that currently make use of the FNB Banking App comes shortly after FNB announced
Specialist bank, Investec, has implemented Entersekt’s multi-factor authentication product, Transakt, to boost the security of its private client mobile application. Entersekt, an innovative pioneer in transaction authentication, helped Investec reinforce the bond of trust it shares with its clients through use of the Transakt Software Development Kit (SDK). In early 2014, Investec deployed Entersekt technology
SA banks have achieved slightly higher customer satisfaction scores than last year, although expectations seem to be rising, according the South African Customer Satisfaction Index (SAcsi) released. The overall score was 76.3 out of 100 (2013: 75.6). The banks measured were FNB, Absa, Nedbank, Standard Bank and Capitec. They were selected on the basis of
ZAZOO, a business unit of Net 1 UEPS Technologies, Inc., announced that it has partnered with UBER, the innovative smartphone technology that connects riders with drivers, in South Africa. ZAZOO’s revolutionary VCpayTM mobile application enables people who do not own credit cards to create virtual MasterCards that can be used to pay for the UBER
New mobile payment platforms can provide a foundation for financial inclusion in South Africa and beyond, says David Abbott of Fiserv, a leading global provider of financial services technology solutions. But who will build the robust ecosystem required to fulfil their potential? The growing use of banking services in South Africa is driven by a
The World Tourism Organisation reports that tourism continues to be an important driver of socio-economic development in Africa, after growing from 26 million international tourists in 2000 to 56 million in 2014. According to Wiza Nyondo, Head of Niches at FNB Business, “Tourism in Africa continues to prove its resilience despite numerous challenges across the
The rise of e-commerce on the African continent is changing the face of the traditional consumer, and brands need to adapt their business models and strategies in order to remain relevant amongst consumers and avoid a drop in market share. African consumers are increasingly searching online platforms with commercial intent, which include querying prices of
Concorde Solutions, a leading payment service provider in Southern Africa, announced it has achieved the Payment Card Industry Data Security Standard (PCI DSS) 3.0 certification. The assessment and subsequent certification was completed by Foregenix, the accredited industry expert in this field. Concorde Solutions provides integrated payment solutions predominantly in the retail andrestaurant industries and services many of
