Nedbank launches MyMoneyMap
Nedbank has announced the planned launch of yet another South African first. MyMoneyMap is an allowance management tool that is secure and easy to use, empowering kids – with their parents' help – to build financial fitness from an early age. MyMoneyMap is based on...
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...
mPOS device a boost for SMEs
Visa’s new mobile point of sale (mPOS) device, which makes it much easier and cheaper for smaller and medium enterprises (SMEs) to accept card payments, will be showcased at the Visa stand at this year’s Tourism Indaba in Durban. Taking on a "plug-and-play" approach,...
MoneyGram and Ukash form global alliance
MoneyGram, a leading global money transfer company, and Ukash, a leading UK-based online cash payment provider and winner of the Queen's Award for Enterprise for the third consecutive year, have signed a global agreement that will give Ukash customers the ability to...
SBV grows network performance
Banks and other financial services and institutions around the world have always been front in line when it comes to adopting cutting edge technologies. This is as a result of their particular operating environments: banks face the same common challenges associated...
Gemalto to build MCX’s mobile wallet
Leading US merchants consortium Merchant Customer Exchange (MCX) has announced the selection of Gemalto, the world leader in digital security, to build its mobile wallet. MCX selected Gemalto for its unmatched expertise in mobile financial services and track record of...
SA’s mobile money industry remains diverse
South Africa remains one of the most diverse regions in Africa for its proliferation of successful mobile money business models being championed by banks, MNOs (mobile network operators), third party providers and retailers. This is according to Emma Pearce, director...
PayGate attains PCI compliance
Payment services provider PayGate has been certified compliant with the security standards of the Global Payment Card Industry (PCI) Security Standards Council, MD Peter Harvey has confirmed. “The PCI certification is a comprehensive best practice standard for...
Managing an electronic payment system
Time and time again, a lack of skilled workers is cited as the major barrier to business growth and future expansion in South Africa. The fourth quarter of 2012 was no different, says Grant Thornton’s International Business Report. According to the report, 47% of...
A new way of managing credit
Issues around the conflict between sales and credit will be a hot topic at the fourth World Credit Congress (WCC) to be held in May – the first time the Congress has ever been on the African continent. Global credit guru Luis Eduardo Perez Mata of Mexico City, Mexico...
ZunguZ social payment power-house for Africa
The combination of ZunguZ, a multi-tier social payment platform, with deep integration into the Facebook and the Social graph, represents an unparalleled offering that can only lead and help develop the mobile payment space – particularly in Africa. ZunguZ has been...