Hello Group selected as Start-up Challenge semi-finalist
Hello Paisa, an offering from leading service provider Hello Group has been announced as a semi-finalist in the 2016 African Start-up Challenge hosted by Innotribe. Hello Paisa is a mobile phone based international money transfer service that allows migrants in South...
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 Pittaway, MD of Sage...
Compare up to 26 financial products
South Africans can now instantly compare 26 financial products from 106 financial institutions to be able to save money and to choose the products which best suits their needs. These range from loans (including personal and student loans), cheque accounts and debit...
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 income....
Customer insights for financial services
Accenture and Avanade have announced a solution dedicated to helping financial services firms transform their customer experience through greater personalisation in a digital world. Developed in collaboration with Microsoft and built on top of Microsoft Dynamics CRM...
Mobile technology can set the world alight
The World Bank's Global Findex financial inclusion study shows that 12% of adults in sub-Saharan Africa have mobile money accounts - compared to just 2% worldwide - and of these 64 million adults, 45% of them have only a mobile money account, writes Mariana Kruger,...
MasterCard IQ Series reduces false payment declines
MasterCard launched the IQ Series at its Global Risk Leadership Conference in Dubai yesterday. Designed to harness real-time insights and intelligence, MasterCard IQ Series' suite of solutions empower card issuers and merchants to authorise transactions with increased...
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...
Absa pilots data analytics platform
Absa Bank has launched an internal pilot of its social media and wider unstructured data analytics platform, Barclays Pronto, to select colleagues. Built in-house and entirely on open source technology, Barclays Pronto brings the voice of customers and other users...
Smart Money Movement a boon for SMEs
Sage, the market leader for integrated accounting, payroll, and payment systems has launched a Smart Money Movement solution which offers small and medium-sized enterprises (SMEs) the ability to collect money, make payments, and reconcile effortlessly, through a...
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...