Naspers has confirmed its investment arm MIH is shutting down a number of its South African e-commerce sites. Last week e-commerce sites SACamera, 5rooms, Kinderelo and Style36 were taken down, showing maintenance messages, but Naspers has now confirmed the shutdowns are part of a wider policy to refocus resources on larger properties such as Kalahari.
FNB’s cashless branch, dotFNB, is the first bank in South Africa to launch interactive gesture technology in its flagship Canal Walk store. The introduction of this technology into the store front serves as yet another digital touch point for the bank to communicate with both FNB and non-FNB customers. This motion sensor technology recognises the
Latest statistics released by the Spark Cash Index (SCI), which measures the average value of cash withdrawals across more than 2 200 Spark Automated Teller Machines (ATMs) throughout South Africa, showed a considerable decrease in ATM withdrawal levels for January 2014 and illustrates that consumers have reigned in their spending following the festive season. The
Concert- and theatre-goers, tourists and music fans in South Africa can now purchase their tickets to various festivals, events and tourist sites online or via their mobile and simply load their tickets onto their Webtickets card. ‘The Card’, as it is formally known, means you no longer need a printer to print off tickets. And
Due to the increase in Card not Present (CNP) fraud in South Africa, the Payment Association of South Africa (PASA) has made a decision to mandate the implementation of 3D Secure for all e-commerce merchants. The deadline for this implementation has been set at 28 February 2014. 3D Secure is the collective term used for
South Africa’s Standard Bank has set up an experimental internal Bitcoin trading platform, according to a presentation given at the 2014 Finovation Europe conference in London. Standard Bank has launched the pilot programme using technology provided by Switchless, a platform that enables banks to provide Bitcoin services to their customers. Photographs on the Finovate blog
PayU, a South African online payment solutions provider has reported a significant increase in merchants utilising their services from various industries, with a notable increase in general retail. New merchants signed over the last 12 months include TFG, Cape Union Mart, Safair, Toys “R” Us and DionWired, amongst others, says Charles Elliman, Head of Sales
The new British Airways Credit Card launched in Johannesburg today, now offers consumers exceptional benefits with the best Avios earn rate in South Africa. The card is tailored to meet the needs of frequent flyers, who will earn Avios at a preferential rate on all purchases on their credit card. It is designed to reward
FNB has expanded its dotFNB branch footprint by opening the first cashless bank branch on the West Rand. The new dotFNB branch has opened at Cradlestone Mall, the newly developed shopping complex in Mogale City. Following the success of the first dotFNB branch, which opened in April 2012 at Nicolway Shopping Centre in Bryanston, a
The number of people receiving money in KZN via FNB’s eWallet grew by 89.3% in 2013, showing that mobile money is fast becoming an accepted replacement for person to person cash payments. KZN is second behind Gauteng for most receipts of money via FNB eWallet. There was over R500 million withdrawn from eWallets in the
