Technology the differentiator for financial services
Few industries are as ripe for technological innovation as the financial services sector, writes Sameer Deans, GM of ThoughtWorks. This opportunity, however, also carries considerable risk for established players that lag disruptors such as fintech start-ups that have...
NCR and Bytes debut cloud-based ATMs
Bytes Managed Solutions (Bytes MS), through its exclusive South African partnership with NCR, has introduced the biggest change to the way an ATM operates since the self-service banking channel was invented nearly 50 years ago. The two companies have launched Kalpana...
SimbaPay expands free deposits in Kenya
SimbaPay, a leading digital money transfer provider, has expanded its free instant deposit service to Choice Microfinance Bank in Kenya. Choice Microfinance Bank is a microfinance institution founded by Kenyans abroad. Money transfers made to Choice Microfinance Bank...
PayGate CashPay service embraces the unbanked
Although e-commerce is growing fast in South Africa and across the continent, the majority of the population in African markets is still excluded from buying online. This is no fault of online retailers or service providers - it is simply because many South Africans...
Standard Bank updates mobile app
With Standard Bank’s latest updates to its app for Android and Apple smartphones, customers can now change their monthly payment limits, view their vehicle finance accounts, activate their cards for international travel, trade shares on stock exchanges around the...
Cyber security conference to address risks
“Threat actors” in the cyber and mobile security arena have been posing more and more of a threat to the South African digital banking landscape. The focus has moved away from individuals, who were traditionally seen as the weak link, and now falls on banks and...
PayU enables call centre payment via phone
Leading electronic payment solution provider in South Africa, PayU, is pleased to announce the signing of a two-way partnership with Callpay, the provider of secure payment technology for call centres. As Callpay continues to expand its presence, the agreement will provide existing and new PayU merchants with a secure way to accept payments over the telephone throughout South Africa.
Banking on biometrics
If your brain occasionally goes blank when the ATM machine requests your PIN code, or worse, someone else has withdrawn cash from your account, help is just a fingertip away. Nick Perkins, divisional director of Identity Management at Bytes Systems Integration (Bytes...
Nedbank’s home loans channel wins award
Nedbank’s award winning Home Loans online application channel has once again been lauded for its innovative bond application solution by The Banker Magazine, scooping the Technology Project of the Year award. This accolade comes hot on the heels of the recent Asian Banker Awards held in Dubai which saw the channel awarded the Best Mortgage and Home Loans Product in Africa for 2015.
Absa rolls out Shop in Your Currency
Absa has partnered with Planet Payment, a leading provider of international and multi-currency payment (MCP) processing services, and CyberSource, a global payment gateway and merchant provider, to implement Shop in Your Currency, Planet Payment’s multi-currency pricing solution, in South Africa.
MasterCard busts 10 payment myths
Sometimes, a convenient payment solution to make your life easier might seem too good to be true, but with the rise of technology it really is possible. For example, electronic payment developments such as contactless cards and digital wallets seem to be suspiciously...
An Agile approach in the banking sector
Adopting an agile approach to software development can greatly assist banks to transition to new products and services in a digital era, enabling them to remain competitive and relevant in an increasingly challenging landscape, says Shailendra Singh, head Emerging...