According to the October 2022 Nilson Report, global Point Of Sale (POS) terminal shipments worldwide reached 136 million in 2021, up 4.3% over 2020. Newland Payment Technology Terminals rose to third place behind Worldline/Ingenico and Pax, with 11.235 million shipments to give the brand a 8.26% share of the global POS market. Closer to home, […]
Category Archives: Fintech
Fintech Africa
OPEN FINTECH FUTURE: Jean Olivier of Shoprite, John Singlam of Investec and Anand Naidoo of HelloPaisa shared their fintech journeys in discussion with financial journalist Refilwe Moloto at the dt (Direct Transact) Open the Future gathering in Joburg. Several local innovators came together to discuss the future of fintech for brands, retailers and banks in […]
In countries where mobile money adoption is successful, GDP per capita growth could reduce poverty by around 2.6%. Successful deployment and adoption of mobile financial services is associated with positive GDP growth in developing markets, according to new research from Vodafone Group, Vodacom Group, Safaricom, and the United Nations Development Programme (UNDP). Mobile financial services […]
The mobile application for Africa’s first digital lay-by and recurring payments provider, LayUp, has won ‘Best Incubated Solution’ at the 11th annual MTN Business App of the Year Awards, which honours the work of the best of the best coders, tech enthusiasts, students, start-ups and lesser-known app developers in South Africa. The application was developed by the Capital […]
Fintech
Ukheshe and Gratifii partnership marries payments and rewards solutions for powerful embedded finance
Fintech enablement partner Ukheshe continues to execute on its ongoing partnership agreement with enterprise loyalty and rewards company Gratifii. The agreement gives both organisations and their clients access to industry-leading payments solutions as well as a loyalty rewards platform, explains Pieter de Wet, President of Business Development International at Ukheshe. “Integrating Gratifii’s Mosaic loyalty platform into our Eclipse […]
Fintech, South Africa News
To build trust, payment providers need to ensure they are compliant and follow standards
By Thabiso Serake: Information Security Officer at Pay@ October is Cyber Security Awareness month and is observed globally to help individuals protect themselves online as threats to technology and confidential data become more common. Former South African finance minister Tito Mboweni recently made headlines when his bank account was hacked, and a large sum of money was […]
Our digital world has become increasingly risky where hackers access personal data and steal identities with little effort. It’s said that nearly half of all South African consumers have either been a victim of ID theft, or know someone who has, costing in the region of R1 billion a year to the economy. Identity theft is big […]
By Kirik.pro Cryptocurrencies are digital money with the same application scope as conventional currencies, with the addition of a few interesting use cases such as in-game tokens, metaverse crypto, DeFi crypto, NFT marketplaces, etc. Trading and investing are the most common ways to use digital coins. Besides, the application of cryptocurrencies in the real world […]
Understandably, merchants are finding it increasingly difficult to keep abreast of all the latest payment products and solutions that are available. “It is complex and costly for merchants to manage their own integrations into multiple solution providers. Merchants should be focusing on their core businesses and leave payment complexities to specialist companies,” says Andrew Springate, […]
Fintech
African fintech platform M-Kopa has provided digital credits worth more than $ 600 million to underbanked customers
M-KOPA announced the release of its 2021 Impact Report. As a mission-driven company, M-KOPA’s tremendous growth is rooted in commitment to both commercial and social goals. The report presents findings on M-KOPA’s smartphone, solar and cash loan customers across Kenya, Uganda, Nigeria and Ghana. While much of the impact has been realised in East Africa, M-KOPA recorded […]
This small post contains unpleasant moments from Fintech companies that small companies or entrepreneurs face. Best Online money transfer, Best Digital payment services… = High Fees, Big Saving on Customer Support, ….. But Virtual Selling Assistant without Real Support. A characteristic feature of such companies is primarily enriching only shareholders and strategy without developing customer […]
South African taxpayers must realize that the time to regularise their cryptocurrency assets with the South African Revenue Service (SARS) has come, says Diane Seccombe, National Head of Taxation at Mazars. “While tax compliance in the crypto space has been a murky area until now, SARS and the South African Reserve Bank (SARB) have followed […]
By Nomvula Nyandeni, Business Development Lead at Pay@ Financial inclusion is a key enabler in reducing extreme poverty in Africa. It provides a step forward for consumers in underserved and unbanked markets across the continent, who previously had little or no access to useful, relevant, and affordable financial products that adequately meet their needs – these […]
By Clinton Leask, Head of Digital at Pay@ Open banking, a relatively new concept in the field of financial technologies, is fast becoming a major source of innovation that is poised to reshape the banking industry – globally and in Africa. Open Banking is a capability that provides third-party service providers access to consented consumer banking, transaction […]
A cryptocurrency is a digital currency secured with cryptography. It can be used to make payments and transfer funds. People are increasingly using cryptocurrencies to pay for goods and services, which is also an investment opportunity. Not all of the cryptocurrencies that have been created are worth investing in. Some investors will be looking to […]
By Clinton Leask, Head of Digital at Pay@ With 70% of sub-Saharan Africa under the age of 301 and the youngest population in the world, Africa is home to one of the most ambitious, highly motivated and vibrant youth populations in the world. Millennials, the largest living generation of today, together with Gen Z, are set […]
By Aart Jurriaanse, Business Development Executive at Pay@ Eighteen months since the commencement of the African Continental Free Trade Agreement (AfCFTA), and despite less than ideal circumstances due to the COVID-19 pandemic, 43 African states have ratified the agreement. What’s more, nearly 90 percent of negotiations on product-specific rules have been concluded, covering more than 70 […]
In a global survey of 300 C-suite banking industry executives, 54% say their financial institutions have faced greater competition over the past three years from digital alternatives while 47% of UK respondents found this to be the case. However, these executives also indicate that they are better positioned to compete. Notably, 85% of respondents reported […]
Fintech, South Africa News
Tailored Payment Solutions Unlock Growth for Unserved Segments in South Africa
By Barry Williams, Sales & Marketing Head and Clinton Leask, Business Development Lead at Pay@ In 2017, only 35 percent of the African population had access to banking services and this figure was projected to increase to 48 percent in 2022.1 The South African National Payments System (NPS) is regarded as world-class,2 as the banked population rose from […]
Fintech, Uganda News
Uganda-based fintech offering onboarding-as-a-service receives scale-up funding
Laboremus Uganda, the B2B fintech that enables onboarding at scale, has received a funding boost from DOB Equity and FCA Investments to grow the company’s fintech platform in Uganda and neighboring markets. Laboremus’ platform helps banks and fintechs verify their customers’ identities and onboard them as customers. This alleviates one of the key bottlenecks in […]
Fintech
Cryptocurrency scams are on the rise in SA: How crypto cons work and how to protect yourself
The digital gold rush is here. As more people attempt to make money from cryptocurrencies, criminals and con artists aren’t far behind. Make sure you know how to recognise the biggest schemes that want to part you from your digital coins says Carey van Vlaanderen, CEO of ESET South Africa. The world seems to have […]
This article will demonstrate the steps to open a Bitcoin account in Nigeria. Bitcoin is gradually becoming popular in Nigeria and some other parts of the world. This cryptocurrency offers an efficient way of making online payments and also helps to keep your money safe from hackers. So, whether you are a company owner or […]