Although already on a steep adoption curve, Covid has fast tracked many organisations’ digital payments strategies. QR codes in particular are finding favour amongst major South African banks. Capitec’s most recent peer2peer (P2P) account-based payment offering is the latest that Entersekt has helped roll out. And the company says the payment method is likely to
ACI Worldwide has announced a partnership with one of South Africa’s leading financial services providers, Nedbank, to drive its digital transformation journey including real-time payments. Nedbank is embarking on a wide-ranging modernization program, migrating all of its legacy systems to ACI’s award-winning ACI Enterprise Payments Platform, including the move to ISO20022, the global financial messaging
According to estimates from McKinsey, SMEs make up an enormous 98.5 percent of all businesses in South Africa. “As the engines powering our economic growth, the challenges as well as the triumphs within the sector reverberate across the entire economy,” says Zunaid Miya, Managing Director of local fintech company, Hello Pay. The health of the
Leading payment solutions provider, Netcash, has invested in a grid-tied solar energy solution in line with its drive to reduce carbon emissions and operate more sustainably. IMPOWER, a vertically integrated energy company, was the contractor responsible for engineering, procurement, and project management for the solar installation. The system comprises 162 solar photovoltaic (PV) modules installed
For most people, the ability to create and preserve wealth for the benefit of future generations is one of the key measures of true financial success. It’s also one of the most difficult aspects of wealth creation and management to get right. That is why successful wealth creators benefit from partnering with experienced family governance
Standard Bank has emerged as the most valuable banking brand on the African continent for 2022 in Brand Finance’s annual ranking of the world’s Top 500 Banking Brands, after increasing its brand value by 26% to USD1.583 billion. This significant increase in brand value has seen Africa’s largest financial services organisation by assets jump 17
Putting customer experience front and centre of your business goals is guaranteed to reap rewards for both customers and staff and positively impact your bottom line. The most effective way to do this is to take a holistic approach to customer experience management (CEM) through the implementation of a streamlined omni-channel application platform that keeps
While South Africa may lag behind other countries in some areas, its banking and payments industry is rated among the best in the world. The entire continent has needed to be resourceful to innovate with payment methods, to serve the banked, underbanked and unbanked. Karen Nadasen, CEO of PayU South Africa and Chairperson of The
Years, and sometimes decades, of patchwork additions as new products and services were added have left many banks with a real tech headache. Now, as they struggle with the challenges of open banking and more recently the rise of embedded banking, traditional banks are increasingly turning to cloud-based Banking as a Service (BaaS) platform models
FNB now offers its customers the option of taking out a Retirement Annuity (RA) quicker and easier on the FNB Banking App without having to fill in lengthy forms. In less than three minutes, customers can get a retirement annuity digitally without paying financial advisor commissions or investment processing fees. The lower fees ensure that
