Gamechanger for the unbanked eliminates multiple participants in the flow of funds. As the only known alternative payment system in Africa that has its own payment gateway and can generate its own QR code, newly launched SendSpend is taking fintech where it hasn’t gone before. Launched into the South African market in April, SendSpend is
South African fintech Payflex has given the old-fashioned payment option of lay-by a digital makeover. By leveraging new payment technologies, the part-payment platform is aiming to provide consumers with more affordable access to credit and a dramatically improved user experience. But, there is a key difference between old-school lay-by programmes, and part-payment or buy now
Cybersecurity technology leader Trustonic has announced its partnership with software and consulting company Synthesis Software Technologies to increase the opportunities available to businesses using software Point of Sale (SoftPOS) across Africa. Synthesis became the first Tap on Phone solution provider in Africa when it launched Halo Dot with Nedbank in June 2020. On launch, Halo Dot provided a new
Developed more than ten years ago, 3D Secure 1 was welcomed, but not exactly user-friendly, widely adopted and recognised when a pop-up window appeared with ‘Verified by Visa’ (later rebranded as Visa Secure), ‘SecureCode’ from Mastercard of Safekey from Amex. The system was somewhat convoluted, complex and was often plagued by compatibility issues. A protocol
FNB has launched a dynamic new brand communication campaign, #TheChangeables, to celebrate South Africans who take challenges in their stride, transform obstacles into opportunities, and embrace change as a way of building a better future for themselves and others. In the spirit of change, the Bank is also launching a refreshed design across its range
Absa announced the launch of a partnership with Daily Maverick to make the risks of the global climate crisis a bigger focus of everyday life – with practical approaches on how to address them. Spurred by the threat of Day Zero – when it was forecast Cape Town would run out of potable water – Daily Maverick decided to
Trade Conferences International (TCI) is hosting its 6th annual Anti-Money Laundering and Financial Crime Southern Africa Conference on 4 & 5 August 2021, at Indaba Hotel, Fourways. The event is set out to create a platform for banks, insurance companies, service providers and government personnel to share their knowledge and experiences on financial crime; build
Global cashless payment volumes are set to almost double from 2020 to 2025, from about 1trillion transactions to about 1.9trillion. By 2030, the number of cashless transactions per capita will be roughly double to triple the current level. Asia-Pacific will grow fastest, with cashless transaction volume growing by 109% from 2020 to 2025 and then
Given the slow pace of economic growth and a challenging operating environment due to the Covid-19 pandemic, FNB is keeping monthly account fees unchanged for business customers across the board for the third year running. Several electronic transactions have been made free or reduced given the increased move to digital banking channels and efficiencies the
As part of its annual review effective 1 July 2021, FNB is launching a new FNB Aspire bank account for middle-income customers to replace FNB Gold, and the bank’s customers will now be able to use eBucks to pay their bank fees via the FNB App. CEO of FNB Retail, Raj Makanjee says, “We are
