Reliable, inexpensive and ultra-fast connectivity has long been a challenge. Fortunately, this is changing in payments, explains Jenny Theunissen, Product Manager of Managed Network Services at BankservAfrica As rapid digital transformation sets in, the race continues for African economies to keep up and ready themselves for the hyperconnected world. To some extent, the COVID-19 pandemic accelerated
Launched in 2017, SWIFT global payments innovation (gpi) has transformed cross-border payments, providing speed, transparency and traceability across the payment journey. Louise Mostert, Senior Country Manager South Africa at SWIFT sat down with Naa Wilson, Head of Cross Border Payments at Standard Bank – Corporate and Investment Banking division to discuss how SWIFT gpi has
BankservAfrica is pleased to announce the appointment of Bishnen Kumalo as the Executive Head of SA Modernisation. She joins BankservAfrica on 1 March 2021 and will become the latest member of BankservAfrica’s executive team. “We are extremely excited to have Bishnen to lead the delivery of one of BankservAfrica’s strategic programmes, which includes the current Rapid
Mama Money, a South African based money transfer company that makes it easier and cheaper to send money to more than 50 countries using just your phone, saw growth of over 500% in volumes during 2020. It now has more than a million users who pay fees as low as 3% for international money transfers.
Standard Bank has signed a memorandum of understanding (MoU) with Chicago-headquartered financial services company Northern Trust, to partner on the delivery of transition management services across Southern Africa. Under the partnership, Standard Bank’s clients will gain access to Northern Trust’s full suite of transition management services. Transition Management is a core offering at Northern Trust
Tata Consultancy Services (TCS) has been appointed as the technology provider for South Africa’s payments platform build for the Rapid Payments Programme (RPP). By joining forces with TCS, BankservAfrica will evolve payments for the hyperconnected digital economy in South Africa and beyond. “Following our rigorous selection process, TCS emerged as the natural fit, matching our key
Partnership will enable millions of MTN customers to pay on global online platforms with a Mastercard virtual payment solution linked to MTN MoMo wallet Mastercard’s technology will enable new digital commerce opportunities for consumers and merchants with or without a bank account, through a simple and secure payment experience Collaboration underpins a new wave of
Getting customer insight and loyalty from each and every transaction The pandemic has shocked local businesses into action when it comes to transitioning from offline to online. While many have managed to digitise aspects of their business, brick-and-mortar companies are yet to fully realise the customer insight and retention benefits of ecommerce transactions. “So many
Net 1 UEPS Technologies, Inc. has announced that it has appointed Lincoln Mali as Chief Executive Officer of Net1 Southern Africa, a new position for the company. A highly accomplished financial services executive with over 25 years in the industry, Mali makes the move to Net1 from his role as Head of Group Card and
Online payment gateway, PayFast has launched a new merchant-financing service in partnership with local fintech lender, Retail Capital, called Easy Advance. The service is designed to help merchants leverage short-term working capital to grow their business, without compromising their cash flow. “Small businesses are generally more agile and quick to adopt creative strategies. Throughout 2020,
