Cash cost consumers R23 billion or 0.52 percent of the country’s Gross Domestic Product in 2015, according to a new Mastercard study released at the World Economic Forum on Africa. These costs are disproportionately carried by low-income earners, serving as a major barrier to financial inclusion. Despite an increase in the number of banked adults
The theme of this year’s World Economic Forum on Africa is “Achieving Inclusive Growth”. This is part of the response by global leaders to the urgent need to reduce inequality and increase inclusion in the international economy. The centrality of the banking sector to economic activity makes this a particularly important theme. This year’s theme
The theme of this year’s World Economic Forum on Africa is “Achieving Inclusive Growth”. This is part of the response by global leaders to the urgent need to reduce inequality and increase inclusion in the international economy. The centrality of the banking sector to economic activity makes this a particularly important theme. This year’s theme
South African eCommerce merchants can now finance their businesses easily and shoppers can make purchases on credit just as easily. This is the result of two collaborations entered into by PayU, SA’s largest online payment gateway. The collaborations, with leading merchant financing company, Lulalend, and consumer credit provider, Mobicred, are set to boost an eCommerce
South African eCommerce merchants can now finance their businesses easily and shoppers can make purchases on credit just as easily. This is the result of two collaborations entered into by PayU, SA’s largest online payment gateway. The collaborations, with leading merchant financing company, Lulalend, and consumer credit provider, Mobicred, are set to boost an eCommerce
In what could prove to be a significant change in the way we make remote and online payments, PayPal accounts can now be linked to Android Pay, meaning that PayPal users can now make payments at physical retail outlets from smartphones, tablets and other mobile devices. The new agreement between PayPal and Google means that
Mastercard unveiled the next generation biometric card, combining chip technology with fingerprints to conveniently and safely verify the cardholder’s identity for in-store purchases. South Africa is the first market to test the evolved technology, with two separate trials recently concluded with Pick n Pay, a leading supermarket retailer, and Absa Bank, a subsidiary of Barclays
FNB Life has taken the next step in its digital evolution by giving customers the option to take up and manage life insurance through the FNB Banking App and Online Banking. By logging into their profiles, choosing the insurance option, answering medical questions and accepting the quote, customers are able to take up cover within
FNB Life has taken the next step in its digital evolution by giving customers the option to take up and manage life insurance through the FNB Banking App and Online Banking. By logging into their profiles, choosing the insurance option, answering medical questions and accepting the quote, customers are able to take up cover within
Visa Inc, announced that Visa Checkout, the easier way to use a Visa card online, is sustaining tremendous growth, reaching more than 20 million enrolled accounts worldwide. Visa Checkout enables millions of consumers to pay in just a few clicks on any device around the web with some of the world’s top merchants. Joining South
