eCentric has announced a new company name, corporate identity and website. Effective immediately they have changed their company name and branding to Ecentric Payment Systems. This year they are celebrating their 15th year in the payments processing industry. Through their industry experience they have diversified their business to offer a comprehensive suite of payment services
Since its launch in May this year, Absa’s Multi-currency prepaid travel card has generated 12 000 card sales and more than R250 million in transactions. From a zero base six months ago, the service now accounts for 77% of all Absa travel card sales. In a first-to-market in South Africa, the cash passport allows South
Nedbank Group unveiled Africa’s first ever banking branch that fully offsets its energy usage through renewable energy sources. The Lansdowne Corner branch situated in Cape Town utilises an innovative hybrid power installation, effectively making it a 100% off-the-grid outlet. The grid-tied renewable energy system harnesses solar and wind energy and converts this to standard mains
Ingenico, a leading provider of payment solutions, announced an agreement between its local Value Added Reseller – African Resonance – and Standard Bank, a major Pan-African banking group and one of the four major acquiring banks in South Africa, to implement an innovative outsourcing business model. Within the framework of this agreement, African Resonance will
FNB reports that monthly non-cash purchases by customers in its Consumer Segment have surpassed cash withdrawals at its ATMs by R800m. The dominance of card over cash is very new in the financial services sector. Two years ago, FNB Consumer Segment customers withdrew R1.3bn more in cash than the value of card purchases. Across the
InventCommerce announced the move to larger offices in Cape Town to accommodate their continuing growth in the region. InventCommerce founders Kevin Ludford and Jason Bramsden started the company with the aim of building an innovative eCommerce platform and solutions integrator business to support retailers and merchants, dedicated to helping their clients leverage the best from
Fast-growing transaction authentication innovator Entersekt is an increasingly powerful catalyst for change in online security, both in South Africa and other parts of the world. Founded in 2008 by graduates of the University of Stellenbosch, the software provider is one of the country’s recent entrepreneurial success stories. Headquartered in the Cape Winelands, it employs over
Absa has committed more than R550-million to improve and enhance its ATM network and expand convenient self-service banking facilities for Absa and non-Absa customers alike. Absa operates the largest ATM footprint nationwide with more than 9000 conveniently located ATMs. The investment has ensured that all ATMs have enhanced functionality and industry-leading availability and uptime. Enhancements
About 32% of participants in a survey conducted on bidorbuy in September 2013 will do their Christmas shopping on a mobile device this year. Although the majority of online shoppers still prefer their computers, this shows that South Africans are becoming increasingly comfortable with buying on a cell phone or a tablet. As many as
Standard Bank Group has been awarded the 2013 Bank of the Year award from Africa Investor magazine. The award recognises their growth and performance, how their banking structure and strategy equips them for future developments in the market and their contributions to financial inclusion and economic development in Africa. Africa Investor is an influential niche
