PayFast sees 412% growth in QR code payments

One year since the country entered level five of the nationwide Covid-19 lockdown on 26 March, digital payments have become the norm for convenient and safe transactions while shopping in person and online. Demonstrating this trend, online payment gateway PayFast saw...

Covid-19 drives demand for connected services

The demand for connected services is growing against the backdrop of the Covid-19 pandemic, with South African companies looking for new ways to accelerate the digitisation of their business processes. They also answer to growing customer demand for simple, more...

Fintech debuts Open Banking offering in SA

Spot Money has launched what it believes to the be South Africa’s first Open Banking offering. The move follows the 2020 acquisition of the Virgin Money South Africa business by a leading South African private equity firm, in partnership with the local executive...

Mastercard evolves contactless technology for a quantum world

The demand for faster, more convenient, safe and now cleaner ways to pay has driven the transition to contactless and this trend will only continue to grow. In fact, in the third quarter of 2020, contactless penetration represented 41% of in-person purchase...