Orange strengthens mobile finance in Africa
With the recent receipt of Electronic Money Establishment licenses (EME) in four countries (Senegal, Mali, Côte d'Ivoire and Guinea), Orange has strengthened its position in the mobile financial services segment in Africa. This change of status is accompanied by the...
MiWay ensures data availability with Redstor
Short term insurer MiWay, with a history of successfully using the data backup and recovery solution acquired by Redstor, has confirmed that it will continue to depend on Redstor to support the company as it grows and diversifies its service offering to insurance and...
Designing African digital banking experiences
As mobile internet connectivity grows, African youth are fast embracing the opportunity to connect, converse and transact on the web, writes Dewald Nolte, vice-president: business at Entersekt. According to the GSMA (Mobile Economy Report 2015), mobile internet...
PayU launches recurring payment solution
PayU has launched a real time recurring (RTR) offering, PayU Xpress, that is set to boost security and convenience for both retailers and consumers. The solution provides South Africa's eCommerce stores with a platform for their shift to a one-click checkout, offering...
New technologies demand a new outlook for finance
The days of bankers being able to apply a set of regular criteria when assessing clients' requests for finance are officially over. They have fallen victim to the evolving march of technology and the introduction of machinery and devices that were unheard of and...
Collaboration will boost SA’s fintech industry
Fintech is set to boom in South Africa and the regulatory environment is likely to be conducive for growth in this space, says Ahmed Cassim, chief commercial officer at Hello Group. Global investment in fintech ventures has tripled over the last five years and will...
Cash is on its way out: make sure you’re ready
The cashless economy is almost here, writes Charles Pittaway, MD of Sage Pay. Just a couple months ago, the European Central Bank suggested that the 500 Euro note will be eliminated. While the humble card is still the most favoured method of payment, digital wallet...
How banks can weather the storm
The financial services sector is sailing into choppy waters, writes Michiel Lely, vice-president, business strategy group: EMEA at Verint Systems. Traditional players are threatened by a wave of disruptive change within the industry and also competition from companies...
Mercantile Bank launches platform for entrepreneurs
Entrepreneurs have demanding schedules and the growth of their businesses is a lifelong project and a top priority. The right technology can help ensure that they are able to spend more time on those things that are key to their business success. Bearing this in mind,...
Levelling the playing fields in banking
We live in a fast paced and dynamically changing world, driven in large part by the disruptive wave of digital transformation and its ripple effect across industry. "Financial services is no exception," says Astrid Stolbrink, DBS head of financial service at SAP...
Biometrics standards for SA payments tabled
The Payments Association of South Africa (PASA) has announced a new standardised specification to facilitate biometric authentication on payment cards. Working in partnership with Mastercard and Visa, this technology framework is designed to ensure open interoperable...
African opportunity for pioneering Fintechs
While traditional banking institutions across the globe grapple with implementing technological innovation matching that of the fintech sector, Tim Nuy, executive director of Frankfurt-listed Fintech company MyBucks, believes that Africa presents Fintechs with...