As payment fraud remains an area of concern for South African businesses, there is debate about what more can be done to tackle the problem and whose responsibility it is. There are layers of complexity that make what appears to be a deceptively easy question to answer much more nuanced. Businesses, banks, as well as
Ukheshe has announced details of the brand evolution of Masterpass to Scan to Pay. Scan to Pay will continue to provide seamless instant payment technology to banks, merchants, PSPs and consumers that add to the ever-evolving cashless commerce and digital payments landscape. Scan to Pay enables seamless QR code transactions between merchants and consumers. Merchants
Continued growth supported by product innovation and ongoing customer success cracks open new markets Payment24, the global platform provider specialising in payment and loyalty solutions, today announced that the organisation is enjoying continued growth, has significantly expanded operations and acquired several new logo clients as it diversifies its business beyond a provider of solutions for
Landmark deal valued in excess of R1 billion Leading South African fintech specialist, e4, today announced its acquisition by a consortium of private equity investors, led by an independent private equity fund manager, Infinite Partners. The transaction will see e4 obtain the necessary capital for advancing to the next stage of its expansion. e4 is
E-commerce shoppers have been promised a frictionless checkout for years, but new moves by the card schemes will take South African consumers a step closer. Soon, local merchants will be able to offer online shoppers a faster checkout experience giving them a seamless experience, much like the ones already available on Amazon and other global
The 8th Edition of the Connected Banking Summit Southern Africa is set to take place on May 24, 2023, in Johannesburg, South Africa, bringing together top executives, experts, and leaders from the banking and financial services industry. The summit, organized by the International Center for Strategic Alliances (ICSA), is a platform for business professionals, experts,
• Mastercard launches white paper exploring attitudes and behaviors of consumers and Small, Medium, and Micro Enterprises (SMMEs) in South Africa’s informal sector • Convenience and safety are identified as key alternatives to cash as a preferred form of payment in the informal economy • Study examines how consumers and micro-enterprises can be incentivized for
The Development Bank of Southern Africa (DBSA) is pleased to announce that Ms Boitumelo Mosako assumed office as its new Chief Executive Officer and a Director of the Bank’s Board of Directors effective 1 April 2023. The appointment and handover process which kicked off in February 2023 has gone seamless, led by the Board with
The strategic purchase of Phos is a next step in Ingenico’s evolution towards software-driven services, following recent acquisition of Ingenico by the investment funds managed by affiliates of Apollo Global Management (the “Apollo Funds”) in September 2022. Ingenico, the global leader in payments acceptance solutions, announces its acquisition of 100% of Phos, a leading provider
Standard Bank client insight enables practical private sector job creation Unemployment compromises GDP growth, threatens economic stability and tears at the fabric of our society. Standard Bank, as well as independent research, show that South African employment is still 5% lower than pre-Covid-19. A 35% unemployment rate means that only 200 000 out of the
