In a move to further expand its efforts to displace cash, stimulate innovation and drive the growth of digital payments in South Africa, Mastercard is working with participating banks to enable Mastercard cardholders to make quick, secure and convenient in-store payments from their mobile devices using Samsung Pay. Samsung Pay, Samsung’s mobile payments service, is
Absa Group has become the first African bank and only the second company on the continent to join the global Sovrin Foundation as a Founding Steward – a move that means Absa now has the technology platform to build sophisticated self-sovereign digital identity capabilities for its employees and clients. “Self-sovereign identity – the emerging answer
South Africans can now use Masterpass, a global digital payment service by Mastercard, to pay for goods and services at over 20,000 Zapper merchants in South Africa using their smartphones. Zapper users, meanwhile, will be able to use the Zapper app to make mobile payments at nearly 50,000 Masterpass-enabled merchants nationwide. This follows a collaboration
SABRIC (The South African Banking Risk Information Centre) would like to allay any fears that bank clients may have about contactless bank cards or “tap & go”, in the wake of a video that has been doing the rounds on social media. “A video trending on social media may have created the incorrect impression that
The first on the continent to access Samsung Pay, South Africans will be able to enjoy this highly innovative, safer, simpler payment method that works anywhere. Staying true to Samsung’s legacy of innovation, Samsung Pay joins the lineage of people-centred technology, allowing users to make secure, simple mobile payments, almost anywhere, when purchasing goods at
Travelstart and Pep have partnered to deliver a service that enables customers to pay for flights in more than 600 Pep stores nationwide. Named Pay@Pep, the partnership will make it easier for those customers who are looking for alternative ways to pay for their flights. Commenting on the partnership, Travelstart head of global partnerships Odette
Mastercard and Entersekt have collaborated to enable Nedbank’s customers to make QR payments to Masterpass, Pay@, SnapScan, and Zapper merchants and billers through the Nedbank Money app, whether they are paying online or at a physical point of presence. This market-first development means that Nedbank Money users need just one smartphone app for all major
Leading fintech companies from the Sub-Sahara Africa (SSA) technology startup community have made it to the finals of Visa’s Everywhere Initiative, a global innovation program that tasks start-ups to solve commerce challenges of tomorrow, further enhance their own product propositions and provide visionary solutions for Visa’s vast network of partners. Among the 12 chosen, from
Reclaiming its African roots, the Absa Group, formerly Barclays Africa, has started trading on the Johannesburg Stock Exchange with a new share code (ABG) and a new corporate identity. Strategy Absa Group launched a new growth strategy on 1 March 2018 as it started separating from parent, Barclays PLC, which has held the controlling interest
Automated Teller Machines (ATMs) have changed markedly since they were introduced. The mordenisation of this popular banking device is one of the untold success stories of digital banking evolution and financial inclusion. Lee-Anne van Zyl, CEO of FNB Points of Presence says ATM devices, which are part of FNB’s Self-Service Channel, are no longer just
