Consumers are becoming less inclined to carry cash, for both personal safety reasons and simple convenience. The move towards a cashless society accelerated during the pandemic when more people swapped cumbersome cash for a quick card tap. As South Africa, traditionally a cash-based society, slowly shifts towards electronic and card payment methods, businesses that don’t
We live in a world where ease and speed are expected – our impatience grows stronger every day. This doesn’t stem from a sense of entitlement but is a product of constant evolution and innovation. This applies especially to making payments. Halo Dot is a ‘game-changer, sale maker’ that makes contactless card payments more accessible,
The ATM Industry Association (ATMIA) today announced the appointment of David Tente as the next President of the ATM Security Association (ASA) from July 1st. He succeeds outgoing President, Mike Lee, who is retiring as CEO of ATMIA, which runs ASA, at the end of June. Tente will continue as Executive Director, USA, Canada &
South Africans are struggling on the back of fuel price increases along with rising food and utility costs. Increasingly, credit cards are being used to pay for expenses, which is a dangerous trend in a country that is already highly indebted. According to SA’s largest buy now pay later (BNPL) provider, Payflex, this payment method
The South African Social Security Agency (SASSA) has been dealing with the reconsideration of the covid-19 SRD Grant applications for a while which caused a lot of dissatisfaction to the public at large. After months of dealing with appeals, verification and reconsideration processes about seven hundred and fifty thousand (750 000) have been paid and
Entersekt, a global leader in device identity and payment authentication, today announced a new investment from PAPE Fund 3 (PAPE), an established mid-market South African private equity fund. The transaction was signed on 24 May 2022 and follows an investment by Silicon Valley-based Accel-KKR in December 2021. Entersekt was founded in Stellenbosch in 2010. The
Vantage Africa Limited, trading as “VantagePay”, a payments and technology company, has announced that Crossfin Holdings (Proprietary) Limited (“Crossfin”) has acquired a meaningful stake for an undisclosed sum. Barry Lobel, VantagePay’s CEO and co-founder welcomed Crossfin’s investment. “VantagePay has developed a leading cloud-based payments platform to address the massive latent demand for access to trusted
SA’s finest tech startups which were founded during the pandemic went head to head at a virtual demo day yesterday where they had just 10 minutes each to convince a panel of judges that they should remain part of the next phase of the AlphaCode Incubate programme. Fiver of the eight startups which just completed
Partnership will enable OPay customers to pay on global online platforms backed by Mastercard’s secure Mastercard virtual payment solution linked to the OPay wallet OPay consumers will enjoy a superior digital experience for multiple lifestyle services and new digital commerce opportunities for, with or without a bank account In addition to digital commerce enablement, the
Halo Dot is a contactless card payment technology that allows merchants to make sales and accept payments directly on their mobile phones. It has the potential to massively disrupt how payments take place in a digitally-driven world. Pierre Aurel, Head of Product at Halo Dot, explains the reasons why merchants and their customers should embrace
