Setcom Partners with Digital Planet to Deliver Holistic E-commerce Solutions

Posted on by wademinnie | 10408 Views | 7 min read

Leading South African Payment Gateway, Setcom Payment Solutions, has announced their partnership with innovative e-commerce solution provider, Digital Planet. This partnership will enable Setcom to introduce a wider range of e-commerce services to their existing portfolio of online credit card processing, SID Instant EFT and mobile payment solutions. “We feel that Digital Planet’s services would

ACI Worldwide’s Point to Point Encryption Solution Helps Protect South Africans’ Cardholder Data at Point of Sale

Posted on by wademinnie | 9790 Views | 7 min read

ACI Worldwide has announced that Ecentric Payment Systems, South Africa’s leading payments processor, is utilizing ACI’s Point to Point Encryption (P2PE) solution to provide a more secure path for consumer transactions initiated at many of the largest retailers in Africa. P2PE is an emerging encryption technique in the payments industry that protects sensitive cardholder data

Capitec Announces Home Loan Offer at Annual General Meeting

Posted on by wademinnie | 7980 Views | 16 min read

Capitec Bank, South Africa’s fastest growing retail bank for individuals, announced at its AGM that the bank will launch a home loan offering in answer to market demand. Capitec Bank has concluded a co-operation agreement with SA Home Loans to pilot the introduction of home loans throughout branches in Gauteng for a period and thereafter

Paycorp Acquires Saicom Group

Posted on by wademinnie | 9605 Views | 9 min read

Paycorp, one of South Africa’s leading payment services companies, has acquired 100% of the issued share capital of Saicom Group, the holding company of Kazang Prepaid and Saicom Payphones. Kazang, considered one of Southern Africa’s leading providers of value added transaction services, provides prepaid voice, mobile data and electricity through proprietary mobile vending terminals that

uAfrica to bring Shopify services to SA

Posted on by wademinnie | 8356 Views | 5 min read

South African e-commerce technology platform uAfrica has partnered with e-commerce store creator Shopify, to provide the latter’s services to the South African market. uAfrica said South Africans sell through a combination of web storefronts, online marketplaces and in-person, and the Shopify partnership helps bridge the gap and streamlines business operations and sales. HumanIPO reported last

R10bn Sent to FNB eWallets Since October 2009

Posted on by wademinnie | 8977 Views | 13 min read

FNB has announced that more than R10bn has been sent to recipients via its mobile money solution, eWallet in South Africa, since its inception. Fifty-three percent, R5.3 billion, of the R10 billion was sent in the last year alone (May 2013 to April 2014), proving that mobile money is fast becoming an accepted replacement for

Standard Bank Explains the New Unutilised Facility Fee for Business Accounts

Posted on by wademinnie | 8566 Views | 6 min read

As part of Standard Bank’s Business Banking offering they offer access to an overdraft facility up to an agreed limit. Under the new Basel rules, banks are required to raise the quality and quantity of the regulatory capital base. In their statement Standard bank said: “As a bank, we are obliged to hold capital against

Joburg Set for Africa’s First Bitcoin ATM

Posted on by wademinnie | 9820 Views | 10 min read

South African IT education firm Tremendis Learning will launch the first Bitcoin ATM in Africa in Johannesburg by the beginning of next month, hoping to educate and boost support for the cryptocurrency. The initiative is led by director at Tremendis Learning Monre Botes and business partner Rolf Deppe. Speaking of local support for the currency,

Capitec Listed Amoung 2014 Global Growth Companies

Posted on by wademinnie | 9871 Views | 9 min read

The World Economic Forum (WEF) has named Capitec Bank as one of Africa’s 16 most dynamic Global Growth Companies (GGCs). Capitec Bank, South Africa’s leading retail bank for individuals, was the only bank in South Africa to make the list, which includes just 6 South African companies from various sectors. Commenting on the World Economic

Standard Bank Group Sees Continued Demand for Pan-African Banking Solutions

Posted on by wademinnie | 6538 Views | 15 min read

Standard Bank Group is seeing a continuation of demand for its services from international commodity traders and rapidly expanding regional and local businesses in Africa. This follows the withdrawal of several global lenders from the continent in the wake of the global financial crisis. The pull-back forced on global banks by the global economic slowdown,