Passkeys to Bring SA Banking Customers Passwordless, Unphishable Web Browsers – Entersekt

Posted on by Staff Reporter | 26826 Views | 16 min read

South Africans have become used to excellent in-app security when it comes to banking and other online transactions. Looking ahead, passkey technology will mean we could soon enjoy the same unphishable, biometric-based solution in the browser, boosting consumer confidence and helping foster digital adoption. “As banking apps have become more secure, fraudsters have naturally looked

BankservAfrica and UnionPay International Launch a New Era for Card Processing in SA

Posted on by Staff Reporter | 75889 Views | 10 min read

Johannesburg – In a monumental move for the South African card ecosystem, BankservAfrica has been appointed by UnionPay International (UPI) as its domestic on-soil processor to fast-track affordable, accessible and innovative card payments for South Africans. “BankservAfrica has built a solid reputation as Africa’s largest Automated Clearing House and the banking sector’s trusted clearing partner.

Why Scan to Pay QR Beats Cash, Cards and Transfers – Ukheshe

Posted on by Staff Reporter | 44955 Views | 18 min read

Quick response (QR) codes have become part of everyday life in recent years. From leaflets and billboards to menus and product packaging, they’re everywhere and easy to use. Compared to other forms of payment, particularly cash, QR codes significantly reduce the risk of theft or loss, as they eliminate the need to carry physical money.

Winner of Financial App of the Year on Quest to Empower 1 Million Entrepreneurs – iKhokha

Posted on by Staff Reporter | 6435 Views | 7 min read

iKhokha, a locally developed all-in-one suite of intuitive business tools that empowers small businesses to compete in the digital economy, has won the 2023 MTN Business Finance App of the Year Award. iKhokha now joins the ranks of other South African financial solutions that have previously won this prestigious category, including Naked Insurance, Franc, Shyft

Mastercard Spearheads South Africa’s Digital Payments Evolution With New Local Investments in Technology Infrastructure

Posted on by Staff Reporter | 38948 Views | 11 min read

Today, Mastercard announced the completion of significant new technological infrastructure that will enable the tech company to process transactions locally and drive the modernization of South Africa’s payments industry. The project is the latest major investment that Mastercard has made in technology and partnerships in South Africa that are set to further improve the country’s

New App Enables South Africans to Withdraw Their Crypto as Cash at ATMs – Paycorp

Posted on by Staff Reporter | 7676 Views | 8 min read

Global payment company Paycorp has unveiled CryptoExpress, an app designed to simplify the conversion of cryptocurrencies to cash for South Africans. The CryptoExpress app seamlessly integrates with users’ crypto wallets, enabling them to effortlessly withdraw their cryptocurrency as cash at more than 3,000 crypto-enabled Cash Express ATMs across South Africa. Cash Express ATMs are operated

Ukheshe and Komuniti SA Collaborate to Make Digital Banking Services More Accessible

Posted on by Staff Reporter | 50342 Views | 24 min read

African communities have historically found innovative ways of collaborating and combining individual financial resources for the good of the many. Stokvels and funeral savings are just two examples of community initiatives to which everyone contributes and from which everyone benefits. These and other savings and community wealth creation mechanisms are often entered into without proper

MetaMask and Xion Global: Crafting the Future of 1-Click WEB3 Payments in South Africa

Posted on by Staff Reporter | 46122 Views | 14 min read

In today’s digital landscape, two prominent players are set to reshape the decentralised payments scene in South Africa: MetaMask and Xion Global. Their collaboration is not just a fusion of strengths; it’s a vision, a roadmap to the future of payments in South Africa. Web3 Payments in South Africa MetaMask (MM), globally recognised as the

Securing the Future of Payments: What Businesses Need to Know About Payment Security – Ecentric Payment Systems

Posted on by Staff Reporter | 11917 Views | 18 min read

By Bernard van Der Merwe, Information Security Officer at Ecentric Payment Systems The only way to combat the increasing cost of cyberattacks, and the reputational threat that comes with them, is to have solid, internationally accredited, security measures in place as well as going above and beyond these requirements, writes Bernard van Der Merwe, Information

TransUnion Africa and Chenosis Form Strategic Partnership to Further Financial Inclusion in Sub-Saharan Africa

Posted on by Staff Reporter | 5825 Views | 20 min read

Information and insights company TransUnion Africa has established a strategic partnership with Chenosis, Africa’s API marketplace, that makes it possible for both alternative and traditional credit data to be included in the credit profiles of South African, Rwandan, and Zambian consumers. The solution, available to TransUnion’s CreditVision customers, uses alternative data to give lenders deeper