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....
Mobile wallets will change travel industry
The mobile wallet will be increasingly used by travellers to make all kinds of payments, including hotel reservations - something hoteliers need to take serious cognisance of. So says Nicolette Kruger, country manager of NFS Technology, the developer and supplier of...
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 South Africa...
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...