Fintech enablement company Direct Transact has entered into a strategic partnership agreement with Visa, which will open up an array of multi-currency opportunities for banks, fintechs and businesses in the Central Europe, Middle East and Africa (CEMEA) region. Direct Transact (DT) has long been one of the largest Visa processors in the CEMEA region and
Dubai-based and FTSE-listed Network International’s state of the art, cloud-based, integrated digital payment suite, Network One, is now onboarding local banks, MNOs and fintechs. In addition to the R500 million investment in the on-soil platform, the company has now announced an additional R60 million investment in a best of breed payment switch (online payment transactions
Pick n Pay, a trailblazer in the loyalty space, celebrates its pioneering spirit as it embarks on a digital transformation journey with the launch of the Pick n Pay Smart Shopper app. This marks the start of a new era of customer engagement and convenience for Smart Shopper as it aims to become South Africa’s
Ecentric Payment Systems, the leader in retail payment processing in South Africa and 17 other African countries, has announced its acquisition of the IP, people, and customers of innovative technology payment solutions company Thumbzup, in a move that will benefit both business’s customers and support Ecentric’s strategy to become the dominant omnichannel player for retailers
Since the brand evolution of Masterpass to Scan to Pay, Powered by Ukheshe, earlier this year, South Africa’s appetite for mobile QR payments has surged. Crafted with the user in mind, Scan to Pay is more than just a payment application – it’s a financial hub tailored for the everyday consumer. “We wanted to provide
MoData showcased its advanced Fraud and AML solutions to industry experts from across the Southern African region who had gathered to take part in the 8th Edition of the Anti-Money Laundering, Financial Crime & Fraud Southern Africa Conference held earlier this month [September] in Johannesburg. The two-day conference featured speakers from South Africa, the SADC
By Joel Bronkowski, Country Lead, South Africa at Paystack With South Africa’s online retail space now worth more than R50 billion and growing continuously, the sector is only going to become more competitive. That’s true for online retailers of all sizes too. At the top of the market, online-only players that have long been dominant
Scan to Pay, Powered by Ukheshe, has partnered with Xion Global to offer crypto payments on the Scan to Pay app. Scan to Pay, powered by Ukheshe, is the largest QR ecosystem in South Africa and is used by more than 600,000 vendors, 14 banks and fintech companies and 94 payment service providers. Now, this
South African Buy Now, Pay Later (BNPL) pioneer PayJustNow has been recognised as the Best BNPL Service Initiative at the 2023 Global Payments Innovation Awards. PayJustNow CEO Craig Newborn says the award is an important milestone for the company’s vision to be an alternative payment solution that drives financial inclusion in South Africa. “In four
For a hassle-free experience, SASSA grant beneficiaries can switch their payments to a Shoprite Money Market Account and enjoy the many benefits offered by South Africa’s lowest-cost, fully-fledged, transactional bank account. Switching is free of charge, and there are no obligations to sign up for any additional services. The benefits of a Money Market Account
