SASSA has been inundated with concerns regarding what happens after the current social grant payment contract with Cash Paymaster Services (CPS) expires at the end of March. This is understandable, given the fact that the ConCourt declared the current contract invalid but however, suspended the invalidity declaration. The Minister of Social Development, Bathabile Dlamini subsequently
Visa is introducing in Zimbabwe next month its National Net Settlement Service (NNSS) that will allow client banks to settle domestic USD-denominated Visa transactions locally. The USD was adopted in 2009 as one of the currencies in Zimbabwe’s multi-currency system. The NNSS is a local settlement solution customized to process, clear, report, and settle domestic
Visa is introducing in Zimbabwe next month its National Net Settlement Service (NNSS) that will allow client banks to settle domestic USD-denominated Visa transactions locally. The USD was adopted in 2009 as one of the currencies in Zimbabwe’s multi-currency system. The NNSS is a local settlement solution customized to process, clear, report, and settle domestic
Sending money to different countries has never been an easy task. There’s a lot of red tape to get through, stringent regulations, and high costs. In the context of Africa, this has made life difficult for a lot of consumers. For example, South Africa has a high incidence of people who work in the country
With every passing year the landscape of the payment industry shifts. We say goodbye to old ways of doing things and we usher in new paradigms. The past year wasn’t any different and neither will the upcoming year be. So we thought we should take a look back at the most prominent payment trends of
With every passing year the landscape of the payment industry shifts. We say goodbye to old ways of doing things and we usher in new paradigms. The past year wasn’t any different and neither will the upcoming year be. So we thought we should take a look back at the most prominent payment trends of
South African fintech company, Entersekt, has expanded its worldwide operations and secured contracts with major banks across several continents. The company specialises in online authentication and mobile security solutions within the financial services sector. Having cemented relationships with large-scale providers such as Equity Bank in Africa and First Bank in the United States, Entersekt is
South African fintech company, Entersekt, has expanded its worldwide operations and secured contracts with major banks across several continents. The company specialises in online authentication and mobile security solutions within the financial services sector. Having cemented relationships with large-scale providers such as Equity Bank in Africa and First Bank in the United States, Entersekt is
When mobile point-of-sale (mPOS) first arrived, we were all content to accept it as a solution designed to make life easier for mobile businesses. Then it surprised us all by revolutionising the way many businesses run, including brick and mortar businesses. And then, as if that wasn’t enough, mPOS went on to transform entire industries.
At the start of a new year fraught with uncertainty on many levels, leaders in the local banking and financial spheres are looking to gain any competitive advantage they can. As Internet access and smartphone penetration make exponential gains in South Africa and the rest of Sub-Saharan Africa, mobility will surely be a focal point
