2014 was an exciting time for payments in South Africa, here are a few of the top stories which made headlines over the past year. South Africa’s Top Five Articles: FNB’s Easy Account Cheapest Full-Service Bank Account in South Africa The Solidarity Bank Charges 2013 report shows that FNB’s Easy Account is the cheapest full-service
BeepTool, who has nearly 40,000 users around the world, is expanding to offer its popular vouchers in South Africa. Starting today, users will be able to top up at internet cafés and schools across the country, thanks to a new distribution partnership with Conect2U, a Welkom-based technology company. The vouchers are available in small denominations,
Online shopping hit the mainstream in South Africa during 2014, says e-commerce payment services provider PayGate and the growth is set to continue during 2015. “The number of merchants we serve doubled this year, and the vast majority of those are new entrants to the market,” says PayGate CEO Peter Harvey. “We’ve also seen significant
Organisers of eCommerce Africa Conference 2015 have announced members of the conference’s advisory panel. They are Nigeria’s Supermart.ng, South Africa-based Bidorbuy.co.za and ecommerce platform Yuppiechef.com Participants at the conference will enjoy tech demo sessions, networking opportunities, cocktail functions and supplier demonstrations. The expert-led advisory panel which includes Raphael Afaedor, Co-Founder of Jumia, and CEO and
ABC Holdings Limited announces that Doug T. Munatsi, Group CEO, Beki Moyo, Group CFO, and Francis M. Dzanya, Group COO, will be stepping down from their roles at BancABC at the end of the year. This follows Atlas Mara Co-Nvest Ltd’s (“Atlas Mara”) successful completion of its acquisition of BancABC in August 2014. Since the
Exchange4free have been appointed as an Authorised Dealer in foreign exchange with limited authority in South Africa to operate as an independent Money Transfer Operator by the South African Reserve Bank. This licence is issued under the new Category 3 Money Transfer Operator license allowing ‘Person to Person’ remittances out of South Africa independently of
In the era of information, the bank with the most actionable insights is the winner. The age of “Big Data” has begun to slowly filter through into the banking environment, with banks being able to design customer-centric solutions using statistical models and information gathering techniques. So, just, what is Big Data? The term refers to
Capitec Bank, powered by Qmatic Customer Experience Management (CEM) solutions, has been voted South Africa’s favourite financial institution in terms of customer service. Capitec Bank took first place for financial services and third place overall across 32 major industries in the Ask Afrika Orange Index Award, the largest and most widely-referenced service excellence benchmark in
Vodacom’s mobile money transaction service M-Pawa, launched in May 2014, in partnership with Commercial Bank of Africa (CBA), has reached one million customers, the telecom firm announced in Dar es Salaam. M-Pawa enables customers to open a bank account on his or her mobile phone and has helped Vodacom subscribers save and borrow money. The
South Africa’s digital economy is the most developed in Africa, and one of the fastest growing in the world, according to the new Digital Evolution Index developed by MasterCard and The Fletcher School at Tufts University that tracks a country’s movement toward digital evolution, gauges progress and assesses challenges in 50 countries comprising the Index.
