NMG Administrators Botswana, a subsidiary of the Johannesburg-based advisory and intermediary firm NMG Benefits, has been appointed the Fund Administrator for Botswana’s biggest pension fund, the Botswana Public Officers Pension Fund (BPOPF), and officially takes over the administration of the BPOPF on 1 June. The move is a result of a 2017 decision by Botswana’s
Ukheshe, Mastercard, Nedbank and Telkom collaborate to grow access to the digital economy with virtual product that enables secure e-commerce payments on phone Telkom has launched Africa’s first Mastercard virtual card for use on WhatsApp, enabling Telkom Pay customers to make e-commerce payments. This move is expected to empower millions of South Africans – even
A new era of loyalty for retailers, SMEs, and consumers. South Africa has a well-established retail loyalty scene, with over 70% of consumers belonging to at least one programme – according to Truth & BrandMapp’s annual white paper – but recent numbers show that this is declining year-on-year. Research shows that participants want the rewards
Pick n Pay, one of South Africa’s leading retailers, to utilize ACI Omni-Commerce to drive payments modernization as it significantly grows its transaction volumes ACI Worldwide, a leading global provider of real-time digital payment software and solutions, has announced it is extending its partnership with Pick n Pay to drive payments modernization for the South African
In line with the group’s future-ready strategy, Standard Bank has officially launched its acclaimed OneHub platform – an online marketplace that gives corporates access to a range of digital solutions. “OneHub is a single point of entry for Standard Bank’s corporate clients and partner organisations to connect and interact,” says Jonathan Lamb, Head of Platform
Zapper and Yoyo (previously wiGroup) are working together to broaden interoperability in the QR code space, giving their merchants access to more payment options with a single QR code, ensuring customers can pay quickly and safely with their favourite mobile payment option. This partnership between Zapper and Yoyo is currently available at the Famous Brands’
Just over four out of five (82%) South African consumers indicated in a recent survey that their household income has been negatively impacted by Covid-19. In addition, 84% of these consumers are concerned about their ability to pay bills and loans, while 31% expect to run short within one month. To tackle these frightening statistics
New Mastercard feature enables banks to equip people with carbon footprint data and insights about environmental impact Recent research by Mastercard revealed 98% of adults in South Africa are willing to take personal action to combat environmental and sustainability issues Amidst the growing trend toward eco-conscious spending and consumption among people who want to pursue
Fintech startup and buy now pay later (BNPL) provider Payflex says that the part-payment platform grew from a shopper base of 2 000 to 85 000 in 12 months and its customer base soared from 70 merchants in 2019 to over 750 active stores this year. In addition, online merchants in SA which offer a buy
ATMIA has certified the world’s first Next Gen ATM product, following a multi-year global project, involving over 400 companies in 56 countries, to create a new global API App model for ATMs. “This is a milestone in the actual reinvention of the ATM to integrate ATMs into the mobile-digital world and to set up a
