Just over two years ago, we announced the acquisition of PayGate by the DPO Group. This meant our South African merchant community had access to the impressive DPO network to help them grow and expand into more than 18 African markets and enjoy the support of Africa’s largest payment service provider. As part of the group’s
Speaking at an event hosted at AfricaCom in Cape Town this week, Clickatell co-founder and CEO, Pieter de Villiers shared his insight into chat commerce and chat banking and how they will forever change the way business is done on the continent. Chat commerce and chat banking have revolutionised the way companies are serving their
According to the National Credit Act (NCA), consumers are entitled to a free copy of their credit report once a year. In the June 2019 quarter, consumers requested 248 785 credit reports from different credit bureaus. Of these credit reports, 75.61% (188,094) were issued without charge, and the remaining 24.39% (60,691) were issued with charge. Nosipho
Having completed its core value proposition, preparations are underway to open its digital doors Bank Zero has now fully completed its core value proposition by going live with its debit card. Following this card go-live, rigorous health-checks such as simulated card attacks, card fraud detection and retailer readiness are currently underway. Thereafter the final countdown
The National Payment System (NPS) impacts the lives of all South Africans. Essentially, it exists to serve the economy by ensuring the safe and efficient circulation of money between senders and recipients, and through it the people (both individuals and corporates) of South Africa. As with all payment systems in the world, South Africa’s NPS
Deepak Malik joins the Ecobank Transnational Incorporated (ETI) Board of Directors as a nominee of Arise B.V. (“Arise”) which now holds a 14.1% equity stake in ETI Mr. Deepak Malik has been coopted to the Board of Ecobank Transnational Incorporated (ETI) (https://www.Ecobank.com), the parent company of the Ecobank Group as a Non-Executive Director. Deepak Malik
Financial inclusion took another step forward as local start-up, uKheshe, South Africa’s cheapest and most convenient QR cash card and micro transaction platform, won the 2019 Global Fintech Hackcelerator @ Southern Africa competition. Launched by the South African Reserve Bank (SARB) and powered by fintech/bank matchmaking platform, KPMG Matchi, this fintech acceleration programme creates a
Visa has announced plans to establish localised processing infrastructure in South Africa. The new infrastructure will supplement the company’s global processing network VisaNet and serve both domestic and international payments for South African clients. VisaNet is one of the world’s most advanced processing networks delivering secure, reliable and scalable transaction processing and value-added payment services.
New short-term finance launched to help merchants cash in on Festive sales. Local Payment Service Provider, PayGate has partnered with Retail Capital to provide businesses with short-term working capital. The co-created Easy Advance product will allow merchants to gear up to take advantage of the approaching Black Friday and Festive Season opportunities. “Over the last
We are pleased to announce that the Minister of Finance and other Regulatory Authorities have formally approved Capitec’s purchase and acquisition of Mercantile Business Bank. This is an exciting timing for both Capitec and Mercantile and brings new opportunities as we build Capitec’s Business Banking offering off the “firm foundation” of Mercantile. Why did we
