Mobile payments have revolutionised business

There are approximately 447,9-million mobile payment users worldwide, a remarkable evolution from coins being introduced in 700 BC, notes in the 10th century and the introduction of Western Union’s “credit card” in the 20th century, writes Charles...

Brace yourselves for business banking charges

South Africa’s banking sector is experiencing just as many difficulties as every other business because of the deteriorating economic outlook, says Andries Kok, CFO of PayAccSys. And, just like every other business, banks are seeking ways of increasing their...

So you’ve downloaded a digital wallet?

South Africans are among the most banked on the continent, ranking second place in a Brookings study that included 21 developing economies across Asia, Africa and South America for both digital and financial inclusion. Around 86% of adults have access to banking in...

PaySpace wins international ISO 27001 certification

PaySpace believes it is the first human capital management and payroll software service provider in Africa to receive the International ISO (International Organisation for Standardisation) 27001 certification for security and data protection. Described by the ISO...

Insurers need to get their [data] act together

Ashley Thomas, assistant executive for insurance software solutions at Innovation Group South Africa, argues that there is a big drive for insurance industry players to clean up their data. Big data has been a topical issue for a number of years and as the need for...

Transparency in the broker channel for effective risk assessment

Insurance brokers are a traditional part of the channel for the sale of short-term and life insurance products to customers. Typically, their financial advisors develop relationships with consumers and assist them with managing their insurance requirements, writes...