Building an ecosystem for mobile payments

Mobile phone-based transactions have come of age in South Africa, with wiGroup’s platform, wiPlatform, processing over half a billion rands in transaction value during the first six months of 2013. “We have seen a 500% increase in mobile transaction volumes through...

Adoption of contactless payments

As South Africa steadily gears up for the widespread adoption of contactless payment systems, a local expert says consumers have plenty of convenience to look forward to. However, adoption is something of a “chicken and egg” challenge, as introducing the...

Unlock the power of information in insurance

There are three indisputable facts about the insurance industry, says Bruce Taylor, GM: Vertical Solutions, Dimension Data Middle East and Africa. Firstly, it’s a $4,3-trillion global business with premium revenues in emerging economies growing at 11% year-on-year....

Mitigating money laundering risks

 Whether it’s via real estate deals, “fixed” gambling, poor record keeping at a Bureaux de Change, double or inflated invoicing in a company or transferring money to an unknown party regularly for a commission, money laundering is as serious an issue in...

Openness key to mobile transactions

If a smartphone is nearby while reading this – and it will be a surprised if it isn’t – pick it up and take a moment to consider all the things it is, says Bevan Ducasse, CEO of wiGroup.  It’s a calendar, little black book of contacts, a games console, a music centre,...

IT changes financial services industry

According to recent research by Deutsche Bank, financial services firms will spend between $270-billion and $460-billion on IT in 2013 globally. The explosion of technology has changed the financial services industry from a paper and branch business to digitised and...