The South African debit order landscape has undergone significant transformations to enhance security and efficiency. Central to this evolution was the introduction of the DebiCheck debit order system. The South African Reserve Bank (SARB) dictated the implementation of a new payment stream in the early morning processing window where authentication by the payer occurs prior
By Nicole Dunn, Co-founder and COO of Precium CrowdStrike, a leader in cybersecurity solutions, experienced a major service disruption due to a technical glitch in their cloud-based infrastructure. This unexpected downtime lasted for approximately 14 hours, leaving numerous businesses grappling with the fallout. Payment processing services were among the hardest hit, as many financial institutions
InstaPay, a cutting-edge new merchant application, has been launched to transform the payments landscape in South Africa. This innovative solution offers unique functionality and competitive rates that surpass traditional card providers, setting a new standard in the industry. InstaPay is the result of combined expertise and technology between Omnea and Amber Pay, two industry leaders
As the world of finance evolves into the digital age, businesses now have the luxury of choosing platforms that offer convenience and efficiency in managing their finances. Companies dealing with clients in other markets can opt for digital payment systems for cross-border transactions, which promote speed, safety and cost savings. Africa is experiencing an increase
The World Bank estimates that small businesses constitute 90 percent of all businesses worldwide. In sub-Saharan Africa alone there are 44 million small businesses, with small and medium-sized enterprises (SMEs) accounting for 60 percent of jobs. In South Africa there are approximately 3.2 million SMEs, which make them the backbone of the economy with a
Payments infrastructure company Stitch to offer all available direct bank APIs as part of its Pay by bank solution, including Absa Pay, Capitec Pay and Nedbank Direct EFT Payments infrastructure company Stitch today announced that it will partner with Absa, one of South Africa’s leading banks, to make the newly launched Absa Pay available to
Paycorp, a global leader in payment solutions, continues shaping the future of payments across Southern Africa, Central and Eastern Europe, and the UK. With over two decades of experience, Paycorp stands as an acknowledged innovator, leveraging a collaborative and integrated ecosystem, blending expertise, reliability and agility in transaction processing, cash management solutions, value-added services like
We are delighted to find individuals and organisations who truly understand the benefits of using QR Codes to trigger many customer experiences, from loading websites to executing payments between consumer and merchant. Zapper has been doing the latter since its inception in 2013, and its popularity rose significantly in the early years when the novelty factor
Kazang, the micro-merchant division of JSE-listed fintech company Lesaka Technologies, has partnered with Masifunde Training and Development to provide employment opportunities for disadvantaged youth and contribute to the development of South Africa’s future workforce. This collaboration aims to empower young individuals from underprivileged backgrounds by equipping them with the necessary skills and knowledge to succeed
Born and raised in the vibrant and resilient community of Soweto, Percy Maphologela’s journey from a disadvantaged background to becoming the 24-year-old founder and CEO of a revolutionary fintech firm, is nothing short of inspirational. Maphologela’s groundbreaking fintech business, stands at the forefront of innovation and harnesses the power of artificial intelligence (AI), asset tokenisation,
