Walletdoc, a successful South African fintech startup, has launched a new way for businesses to collect more money from customers using easy and secure online credit and debit card payments on invoices and statements. Leonard Shenker, joint CEO of walletdoc comments, “Consumers are cash-strapped and this creates cash flow issues for businesses. By allowing consumers
The South African Social Security Agency (SASSA) experienced problems in paying a portion of its beneficiaries since the 01 July 2018. SASSA pays over 12 million beneficiaries per month and about 700 000 of them use the new SASSA card. These 700 000 beneficiaries could not draw their money at some of the banking infrastructure
FNB customers are increasingly using the bank’s branch based Digital Zones to transact. The bank says the use of its Digital Zones has grown considerably since introduction in 2016 with more than a third of all service transactions done in branches, completed in the digital zone. Lee-Anne van Zyl, CEO of FNB Points of Presence,
Mobecom Limited is pleased to announce it has signed agreements with two of Spur Corporations’ (Spur) franchise brands, John Dory’s and Spur Steak Ranches. Mobecom announced on 30 November 2017 that it had entered into a Master Services Agreement with Spur (MSA), as Spur’s exclusive provider of customer loyalty technology for Spur’s 590+ franchise outlets
The pursuit of greater electronic payment adoption among South African merchants received a significant boost with the announcement of a partnership between leading African fintech holding company Crossfin Technology Holdings and global fund manager Apis Partners LLP. According to Anton Gaylard, COO of Crossfin, the partnership with Apis will create an enlarged payments operating company
The acting CEO of the South African Social Security Agency (SASSA), Abraham Mahlangu, has noted the challenges experienced by grants beneficiaries during the current social grant payment cycle. “We are aware that beneficiaries are experiencing problems with the electronic payment of their social grants. What is being experienced is a result of a process of
Standard Bank is one of twenty-six leading banks from 5 continents, which are re-defining banks’ purpose and business models to align the sector with the UN Sustainable Development Goals (SDGs) and the Paris Climate Agreement. “Our sustainability and success are inextricably linked to the prosperity and wellbeing of the societies in which we operate. We
Digital Banking has not only opened access to a wider array of banking products for customers across different demographics, it also gives them full control of their banking. Khathu Ramoliko, Head of Gold at FNB, says “Over the last 12 months, we have noted that 83% of our Gold accountholders are actively using digital banking,
Reg Swart, an instrumental figure within the digital payments sphere, has joined the Nomanini Board of Directors. Nomanini is a South African-based enterprise payments platform provider that optimises transactions in the informal retail sector. Swart is currently the Chief Commercial Officer of MFS Africa, the largest and fastest growing African digital network. Previous roles included
Banking and Payments companies should not be afraid of making changes, tackling legacy infrastructure, and embracing new technology. This was the key idea put forward at the ATMIA 2018 Banking and Payments Summit which was held in Cape Town recently. The event, which was hosted by the ATM Industry Association (ATMIA) and Renovite Technologies, brought
