Nedbank CIB Sponsorships Promote Collaborative Action Towards a More Sustainable Africa

Posted on by Staff Reporter | 11360 Views | 9 min read

Nedbank Corporate and Investment Banking (CIB) recognises that delivering a maximum sustainable-development impact requires a combination of innovative sustainable finance and a commitment to leveraging our influence to grow awareness of, and participation in, the sustainability agenda. Many of our sponsorships are geared towards the latter, to not only strengthen our position as a sustainability

Smart and Intelligent: Payments Redefined

Posted on by Staff Reporter | 21589 Views | 23 min read

Managed connectivity and mobile device management are being transformed by intelligent technologies to deliver payment solutions at the edge The global fintech market is currently expected to grow at a CAGR of 20% over the next few years, achieving an impressive $305 billion by 2025. The Global Fintech Market Report also pointed out that low-cost,

Retailers Must Accommodate the 86% of Consumers Who Still Use Cash

Posted on by Staff Reporter | 11127 Views | 12 min read

With recent research showing that only 14% of South African consumers are ready to go completely cashless, retailers should be looking at ways to accommodate their customers’ preferred way to pay, while also reducing their operating costs. Leading retailers are looking towards automating the handling and management of cash, so that they can meet this objective. The

EziPay Partners with MFS Africa to Enable Remittances Across Africa

Posted on by Staff Reporter | 21021 Views | 9 min read

Award-winning, intra-African, cross-border remittances and digital wallet company EziPay, has partnered with MFS Africa, the continent’s leading digital payments gateway, to bring last mile connectivity for remittances and collections to and from mobile money wallets and bank accounts in Africa.  The partnership comes at a time when mobile money is burgeoning at increasing rates on

Standard Bank Advises Vivo Energy on its Combination with Engen to Create a Pan-African Energy Champion

Posted on by Staff Reporter | 13893 Views | 12 min read

Standard Bank is pleased to announce that it advised Vivo Energy on its combination with Engen to create one of Africa’s largest energy distribution companies. The combined group will have over 3,900 service stations and more than two billion litres of storage capacity across 27 African countries. Engen is the clear market leader in South

Rise in Manipulation Fraud Could Result in More Regulation Unless Banks Act

Posted on by Staff Reporter | 16284 Views | 20 min read

The UK has seen a 41% increase in payer manipulation fraud, (or as they call it, Authorised Push Payments fraud or APP), in the last year. And, unless banks take a proactive approach, they could soon face some stiff regulatory pressure, warns authentication specialist, Entersekt. According to the UK’s annual fraud report, there was a

How the Digital Banking Revolution Can Help South African Banks Regain Their Customers’ Love

Posted on by Staff Reporter | 10473 Views | 15 min read

With a recent report showing that over 80% of South Africans are ready to do all or most of their banking digitally, retail banks will need to reimagine their customer service with continuous innovation to meet and exceed customers’ evolving expectations. Retail banking in South Africa is increasingly competitive, with fintechs, neobanks and digital players

Clickatell Launches Chat 2 Pay with FlySafair for WhatsApp Mobile Payments

Posted on by Staff Reporter | 13490 Views | 14 min read

FlySafair customers can now make faster, secure and more convenient payments to the airline via their mobile phones  Clickatell (www.Clickatell.com), the Chat Commerce and mobile messaging leader, today announced that they have gone live with its Chat 2 Pay feature with FlySafair (www.FlySafair.co.za), South Africa’s leading low-cost airline. FlySafair is the first airline in the

Absa Group to List on A2X

Posted on by Staff Reporter | 11676 Views | 6 min read

Absa Group Limited will list its ordinary shares for trade on A2X Markets from 2 February 2023. Absa Group will retain its primary listing on the Johannesburg Stock Exchange and its issued share capital will not be affected by its secondary listing on A2X. There is no cost or additional regulatory compliance for Absa Group

5 Banking and Payment Security Threats and Trends to Watch in 2023 – Entersekt

Posted on by Staff Reporter | 9718 Views | 30 min read

The digital pendulum is swinging back to pre-pandemic agendas, offering security leaders in the banking world a chance to revisit longer-term projects and take advantage of the tech crunch layoffs to bolster their security teams. This will be especially important as cyber criminals are also beginning to feel the pinch and are likely to increase