How Technology Is Revolutionising Payment Reconciliation for Retailers – Ecentric

By Graham Bradford, Senior Product Manager at Ecentric As retailers grow into mid-market size and beyond, the complexity and cost of manually reconciling payments increases almost exponentially because there are hundreds of thousands, if not more, transactions a day. Most retailers in this segment reconcile their payments with spreadsheets and many can’t expect a view

National Bank of Ethiopia Consults on National QR Code Standardisation

The National Bank of Ethiopia today hosted a meeting to review and consult on the standardization document for national digital payment QR codes. Organized in partnership with Ethswitch, the event saw participation from key representatives of banks, PII, and POS, engaging in constructive dialogue. This initiative aims to streamline the consumer experience by focusing on

Why Reliable Collection and Payment Is Indispensable for SMMEs – Amplifin

Small and medium-sized enterprises (SMMEs) often navigate challenging waters. These enterprises are the backbone of our economy, driving growth, innovation, and job creation. However, they may face financial fluxes, making optimising every aspect of their operations essential. One such aspect that deserves attention is payment collection. Steven Maier, Chief Brand Officer at Amplifin, South Africa’s

Ikhokha Surpasses R2bn in Working Capital Disbursements to South African SMEs

iKhokha, the KZN based fintech who recently picked up the MTN Financial App of the Year Award, has announced that they have surpassed the impressive milestone of disbursing more than R2bn in working capital to their SME customer base, in partnership with Retail Capital, now a division of TymeBank. “In a tough South African economic

Finverity Announces Strategic Executive Appointments to Drive Next Phase of Growth

Finverity, the trade and supply chain finance digital ecosystem, today announced significant changes to its executive team, providing the company with operational excellence as it prepares for its next growth phase. Symmie Swil, with her impressive track record in business banking, has been promoted to the role of Chief Operating Officer (COO), while Alex Fenechiu,

Mastercard Appoints Folasade Femi-Lawal as the New Country Manager for West Africa

Mastercard, a leading company in digital payments and technology, is pleased to announce the appointment of Folasade Femi-Lawal as the new Country Manager and Area Business Head for West Africa. With over 25 years of multifaceted experience spanning financial services, management consulting, telecommunications, and business advisory services, Folasade brings a wealth of knowledge and expertise

Mastercard Partners With YES to Train and Empower South African Youth

Mastercard, a global technology leader in the payments industry, is deepening its commitment to addressing youth unemployment in South Africa. Today, the company announced that it will continue its partnership with YES, the highest-impact private-sector-led youth employment programme in the country. YES’s primary mission is to address the country’s youth unemployment crisis by empowering businesses

Resilience – Ayo Results Show Promise With Increased Revenue

Overcoming a set of significant challenges that no business should have to face in South Africa, JSE-listed investment holding company, Ayo Technology Solutions (AYO), released its audited condensed consolidated annual financial results for the year ended 31 August 2023 today. Whilst the results show a reduction in profits, a 28% increase in revenue bodes well

Mastercard’s Community Pass Customer Summit Paves the Way for Mastercard’s Digital and Financial Inclusion

Mastercard’s second annual Community Pass Customer Summit in Kampala, Uganda gathered more than 90 public and private sector partners, featured 20+ thought leaders dedicated to crafting sustainable solutions for digital and financial inclusion across Africa and beyond. This year’s summit showcased over 10 cutting-edge technologies and financial institutions, each presenting their digital solutions designed to

RCS Continues to Revolutionise SA Credit: Expanding their Retailer Network & Payment Options for Greater Customer Choice and Convenience

South African shoppers want choice and convenience. Recognising this, retail consumer finance provider, RCS, is offering real, tangible value to its customers. By expanding its partner network, payment options and embracing cutting-edge technology, RCS is not just keeping up; it’s leading the way towards greater financial inclusion in South Africa. Credit extended to healthcare products