Jul 8, 2024
According to McKinsey research, cross-border payments are a major revenue driver for payments companies and banks, representing worldwide flows of around $150-trillion a year. Remittances offer particularly attractive opportunities for money launderers, terrorist...
Jul 8, 2024
South African banks love to promote their tech credentials. They’ll incorporate any awards they win for innovation or tech integration into their marketing materials and race each other to introduce new app features. By Harry Scherzer, CEO of FutureForex For the...
Jun 26, 2024
Cross-border trade is a key driver of the South African economy, accounting for over half of the country’s total exports. However, South African exporters face several challenges in receiving cross-border payments, including high transaction fees, currency...
Jun 18, 2024
The rise of financial technology (fintech) in Africa is not just a story of innovation; it’s a narrative about empowerment and transformation. By Chipo Mushwana, executive of emerging innovation and payments at Nedbank As the continent continues to grapple with...
Jun 3, 2024
On 18 April 2024, the South African Reserve Bank (SARB) published its digital payments roadmap. By Lerato Lamola, partner at Webber Wentzel The document entitled Digital Payments Roadmap: Towards Inclusive, Accessible, Effective and Sustainable Digital Payments in...
May 27, 2024
Regulators are moving fast to keep up with the ever-evolving techniques financial criminals use to evade detection of money laundering and terrorist funding. In turn, compliance teams at financial institutions need to be agile to keep up with the rate of change in...
