Payment Solution Archives - AfricaBusiness.com

31Aug

By Africa BusinessNo Comments

South Africa News

The Protection of Personal Information Act: How will it impact SA’s payments landscape?

The Protection of Personal Information Act, 2013 (POPIA) came into full effect from 1 July 2021. The Act is the comprehensive data protection legislation that obliges organisations to lawfully process the personal information of data subjects (both natural and juristic persons) by applying specific principles and conditions. But how will it affect the payments space specifically? “As businesses in the payments industry process copious amounts of personal information, they now have to change many elements of the way they operate in order to accommodate the Act,” says Cecil Munsamy, Managing Director of AVeS Cyber Security and a consultant to Pay@ - a leading payment aggregator and provider of secure payment solutions. “These businesses now need to have extensive compliance programmes in p...

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...