Fasta, Mastercard launch virtual credit card

Fasta, a digital lending fintech, has partnered with Mastercard to launch FastaCard, a virtual Mastercard credit card. The FastaCard gives South Africans access to instant credit loaded on to a secure digital card that can be used online and in-store. An authorised...

Standard Bank launches paper on Africa’s platform economy

Many African organisations are well placed to drive the next wave of innovation in the global platform economy, according to the findings of a report by platform economy expert Sangeet Paul Choudary and Standard Bank’s Corporate and Investment Banking (CIB)...

Nedbank debuts tap on phone

Nedbank has unveiled its new tap-on-phone functionality that allows all merchants and business owners to convert their mobile phones into payment acceptance devices. Tap on phone makes it easier for small- and medium-sized businesses to use their compatible...

Mama Money expands globally with Western Union

A rapidly growing local money transfer company Mama Money has joined forces with Western Union, enabling Mama Money customers to send money to their loved ones around the world via Western Union’s Global Network. Mathieu Coquillon, co-founder of Mama Money,...

FNB SpeedPoint terminals accept UnionPay contactless payment

First National Bank (FNB) and UnionPay International (UPI) have jointly announced that UnionPay cardholders will be able to make contactless payments with their cards via FNB Speedpoint terminals at merchants in South Africa. FNB becomes the first bank in South Africa...