African communities have historically found innovative ways of collaborating and combining individual financial resources for the good of the many. Stokvels and funeral savings are just two examples of community initiatives to which everyone contributes and from which everyone benefits. These and other savings and community wealth creation mechanisms are often entered into without proper
Dr Velenkosini Matsebula is a Senior Lecturer in Development Finance at Stellenbosch Business School. As we enter the final quarter of 2023 and closer to the Fourth Industrial Revolution (4IR), marked by unprecedented technological advancement and global interconnectivity, we must acknowledge a stark reality: extreme poverty persists. While we commemorate the International Day of the
Africa’s reputation as a continent of growth, progress and innovation is nowhere more evident than in the world of FinTech. In the next four years, the continent’s digital payments market is projected to grow by 16.1%, solidifying its reliance on payments solutions that will continue to advance the economy. RealPay has been at the core
Stanchion Payments, a prominent global provider of payment technology, is thrilled to announce the appointment of Pierre Aurel as its new Chief Product Officer. With a remarkable track record in payment product development and innovation, Pierre brings a wealth of experience to his role in Stanchion’s dynamic and expanding team. Pierre Aurel’s achievements include spearheading
By Jonathan Jacobs, Head of Product and Operations at Halo Dot Imagine a world where every smartphone transforms into a payment terminal, where merchants and their customers trade freely in a cashless, frictionless ecosystem. Welcome to the future of Software Point of Sale (SoftPOS), where boundaries melt away and convenience is king. This technology does
Fiserv, a leading global provider of payments and financial services technology solutions, announced today that it has streamlined access to its core banking APIs to accelerate innovation across the industry. Third-party developers now have instant access to collaborative workspaces through Banking Hub, a single location to access Fiserv banking APIs within its Developer Studio. Over
Dubai-based and FTSE-listed Network International’s state of the art, cloud-based, integrated digital payment suite, Network One, is now onboarding local banks, MNOs and fintechs. In addition to the R500 million investment in the on-soil platform, the company has now announced an additional R60 million investment in a best of breed payment switch (online payment transactions
As a technology leader in the global payments industry, Mastercard is at the forefront of championing financial inclusion and digitization across Africa. The unprecedented growth and hunger for innovation amongst the people of this continent, and its population that is set to double by 2050 according to World Bank, is underscored by the adoption of
Historically, acquirers integrate select payment terminals with their payment application software. Your website probably has a page listing payment terminals merchants can choose to run transactions with your payment services. Each image on that page represents time your development team spent integrating your software with the payment terminal so that you could offer it to
Ecentric Payment Systems, the leader in retail payment processing in South Africa and 17 other African countries, has announced its acquisition of the IP, people, and customers of innovative technology payment solutions company Thumbzup, in a move that will benefit both business’s customers and support Ecentric’s strategy to become the dominant omnichannel player for retailers
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