For the eighth consecutive year, Paycorp has met the rigorous security requirements for PCI-Data Security Standard compliance; the industry-mandated security standard that applies to all businesses that store, process or transmit credit and/or debit card data. Paycorp was one of the first organisations in the South African financial services industry to achieve PCI compliance, and
Absa has introduced a quick, simple and convenient end-to-end account opening for new customers, through the Absa Banking App which can be downloaded from the Android and Apple stores. This innovation follows the launch of the world first ChatBanking on WhatsApp service and is another innovative way Absa is fast becoming a digitally-led bank, that
FNB has recorded a 56% increase in the number of FNB Premier clients who used ‘Secure Chat’ between July 2017 and July 2018. ‘Secure Chat’ is FNB’s instant messaging service on the FNB App that clients can use to contact their team of bankers. App logins further increased by 55% with the average number of
The Karri app, launched in April last year, has grown to just under 300 South African schools driven by parent and teacher demand for a solution to school payments. Due to the success of this collections platform, Karri has expanded its offering to include collections for just about any purpose or organisation that wants to
South Africans can now buy prepaid utility services or pay their accounts from approximately 600 bill issuers with the new EasyPay Mobile app using Masterpass, the global digital payment service from Mastercard. Announced today at the Mastercard Connecting Tomorrow Forum in Barcelona, this collaboration marks a significant milestone in Mastercard’s strategy to displace cash and
Nedbank has partnered with Mastercard to launch Qkr! with Masterpass, a mobile order-ahead and payment platform developed by Mastercard Labs, and Nedbank POSplus™ as part of their efforts to open up new revenue channels for merchants and enable them to meet the demand of today’s connected shopper. The new Nedbank POSplus™ and Qkr! (pronounced Quicker)
First National Bank (FNB) has received 50 million US-dollars from the DEG – Deutsche Investitions- und Entwicklungsgesellschaft to deploy towards small and medium enterprise (SME) development in South Africa. DEG is a development finance institution whose mission is to promote private-sector enterprises in developing and emerging-market countries as a contribution to sustainable growth and improved
Winners of the 2018 Ecobank Fintech Challenge were announced at a ceremony held at Ecobank’s headquarters in Lome, Togo on 30th August 2018. Nala, from Tanzania, beat the ten other finalists to emerge as the overall winner of the competition. Virtual Identity from South Africa and Wallet.ng from Nigeria were the first and second runners
Garmin Southern Africa have announced that the Garmin Pay contactless payment feature is now live on a range of Pay-Enabled Garmin watches in South Africa. The feature is currently available to VISA-enabled cardholders of First National Bank (FNB) and RMB Private Bank. This new feature from Garmin enables consumers to make highly secure contactless payments at near-field
The South African Social Security Agency (SASSA) is ready for the October payment cycle in which all social grant payments to beneficiaries will be made by itself in partnership with the South African Post Office (SAPO). Cash Paymaster Services (CPS) which is a Net1 subsidiary is currently responsible for paying less than 10% of beneficiaries
