Payment innovations Archives - AfricaBusiness.com

6Jul

By Africa BusinessNo Comments

Fintech, South Africa News

Telephonic payment solution helps companies deal with Covid-19 challenges

VerPay enables verbal commerce as businesses adapt to serve their customers in contactless ways As South Africa enters its third wave and lockdown restrictions tighten, certain businesses - such as those in hospitality - once again find themselves having to temporarily close their doors, while seeking alternative avenues to generate income, such as take-aways. “The pandemic has forced us all to do business in new ways, and presented new challenges - as well as opportunities, says Dana Buys, CEO of VerPay Pty Ltd, a Cape fintech company that specialises in cloud-based payment. “Not all companies have the means - or inclination - to go completely online. Many consumers still prefer dealing with a person, as opposed to solely an app or webs...

18May

By Africa BusinessNo Comments

Fintech, South Africa News

South Africa’s Leading Payment Aggregator and Secure Payment Solutions Provider Expands into Africa

With the African Continental Free Trade Agreement set to generate combined consumer and business spending of $6.7 trillion by 2030[i], the continent requires payment platforms to cater for this growth. To this end, Pay@ - a leading South African payment aggregator and provider of secure payment solutions - will be expanding into several African countries and providing consumers and businesses alike with a variety of payment methods. The company’s CEO, Andrew Hardie says that Pay@ has deployed operations into Namibia, Botswana and Lesotho over the past few years but will now be adding Zambia, Mozambique and Angola to this list, with additional African countries in the pipeline. “We would like to build on the strength of our business in South Africa and grow out our offerings across the con...

11May

By Africa BusinessNo Comments

Democratic Republic of the Congo, Fintech

Mastercard partners with Billetera to offer cutting-edge digital payment solutions in Democratic Republic of Congo

Millions of unbanked and financially excluded residents in DRC to gain access to formal financial and digital services Mastercard’s technology to enable development of diverse digital payment solutions Partnership is aligned with DRC’s National Digital Plan (NDP) Mastercard has partnered with Billetera - a digital payments technology company headquartered in Kenya - to provide millions of unbanked and financially excluded residents in the Democratic Republic of Congo (DRC), access to formal financial and digital services through a diverse range of digital payment solutions. The partnership aims to support the vision of the DRC Government, which under the leadership of President Felix Tshisekedi has an ambitious digitization program aligned with the country’s National Digital Pla...

Telephonic payment solution helps companies deal with Covid-19 challenges

18Feb

By Africa BusinessNo Comments

Fintech, South Africa News

Telephonic payment solution helps companies deal with Covid-19 challenges

VerPay enables verbal commerce as businesses adapt to serve their customers in contactless ways The novel Coronavirus has necessitated the need for a sharp step change across nearly every facet of daily life; which has, in turn, rendered the payments landscape ripe for innovation. “The pandemic has forced us all to do business in new ways, and not all companies have the means - or inclination - to go completely online", says Dana Buys, CEO of VerPay Pty Ltd, a Cape fintech company that specialises in cloud-based payment, "Many consumers still prefer dealing with a person, as opposed to solely an app or website.” VerPay™, allows merchants to do business whilst speaking to a customer, making it ideal for the hospitality, ret...

20Jan

By Africa BusinessNo Comments

Fintech

Bill Payment Trends in 2021

Of all the technology sectors to have prospered amid the COVID-19 pandemic, the online payment space has emerged as one of the most influential, following the call for social distancing and demand for contactless payment solutions. “In fact, the Global Payments Report for 2020 published by McKinsey & Co. found that the digital payments sector experienced half a decade’s worth of growth and development in just a few months[i],” explains Andrew Hardie, Chief Executive Officer at Pay@ - a leading payment aggregator and provider of secure payment solutions. “Both in South Africa and abroad, this coincided with a significant increase in the use of online payment gateways and platforms for businesses and consumers alike who were looking to stay safe while socially distancing.” Yet, looking a...