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Mobile money transfers have taken off in Somalia. But there are risks

A recent World Bank report showed that Somalia has one of the most active mobile money markets in the world, outpacing most other countries in Africa...

By Victor Odundo Owuor 1 hour ago

Brace your business for the festive shopping season
Brace your business for the festive shopping season

2018 has been a year of great retail activity and by August we had reached a technical recession. A recession is two consecutive quarters of negative GDP growth...

By Eben Esterhuizen 11 Oct 2018

Yoco and Kuba join forces to grow small businesses in SA
Yoco and Kuba join forces to grow small businesses in SA

It is widely known that supporting small businesses is one of the key sources for economic growth and community development...

10 Oct 2018

Shoprite Money now open for payroll and bulk business transactions
Shoprite Money now open for payroll and bulk business transactions

Shoprite has opened its mobile wallet service to businesses, enabling them to send money to multiple receivers. This means that a business of any size can pay staff salaries....

3 Oct 2018

Colin Coleman to join keynote speakers at The National Business Awards 2018
Colin Coleman to join keynote speakers at The National Business Awards 2018

Colin Coleman, a renowned South African banker and public figure will be talking at the Prestigious 16th Annual National Business Awards 2018...

Issued by Topco Media 1 Oct 2018

How to overcome financial planning challenges in retail
How to overcome financial planning challenges in retail

South African retailers face numerous macro-economic, socio-economic, political, and operational challenges. In a world where finance departments are driving to be business partners...

By Allan Saffy 27 Sep 2018

Drop in SA consumer confidence squeezes spending
Drop in SA consumer confidence squeezes spending

South Africans are under financial pressure, as indicated by the latest consumer confidence data...

18 Sep 2018

SA payments startup Yoco raises $16m in funding
SA payments startup Yoco raises $16m in funding

South African-based Point of Sale payments provider, Yoco, has raised $16million in a Series B funding round led by Partech, a venture capital firm based in Silicon Valley...

7 Sep 2018

Demand for affordable, cross-border payments drives innovation in Africa
Demand for affordable, cross-border payments drives innovation in Africa

The future of payments ecosystems is taking shape in Africa as the continent paves the way for innovation that brings together retail, banking, financial services and mobile technology...

3 Sep 2018

Pricecheck Tech and E-commerce Awards 2018 winners revealed
Pricecheck Tech and E-commerce Awards 2018 winners revealed

Takealot cleaned up at this year's Pricecheck Tech and E-commerce Awards, bagging four of the 14 awards presented, including the coveted E-commerce Service of the Year...

By Lauren Hartzenberg 31 Aug 2018

As powerful purchasers, women should push back against pink tax
As powerful purchasers, women should push back against pink tax

While Bloomberg figures show that women are the world's most powerful consumers, a recent Sanlam survey reveals that they are not reaping the benefits of such power...

30 Aug 2018

#WomensMonth: The woman behind PayU South Africa
#WomensMonth: The woman behind PayU South Africa

Karen Nadasen, CEO of PayU South Africa, is regularly described as one of South Africa's most inspiring women in tech, nominated for IT Personality of the Year 2017...

By Evan-Lee Courie 30 Aug 2018

Finalists announced for 2018 PriceCheck Tech and E-commerce Awards
Finalists announced for 2018 PriceCheck Tech and E-commerce Awards

The 2018 PriceCheck Tech and E-commerce Awards shortlist has been announced...

27 Aug 2018

Image credit: Samsung
Samsung Pay is now available in South Africa

Samsung Pay is now officially available and live in South Africa...

By Andy Walker 22 Aug 2018

5 ways e-commerce startups can take advantage of Black Friday
5 ways e-commerce startups can take advantage of Black Friday

According to Google Trends, last year South Africa registered the largest Black Friday search interest of any country, even ahead of the US where the retail mega-event was conceived...

16 Aug 2018

Mobile merchant transactions driving financial inclusion in emerging markets
Mobile merchant transactions driving financial inclusion in emerging markets

The use of mobile devices to make retail and store payments will act as a driver for financial inclusion of the unbanked in emerging markets...

14 Aug 2018

Felix Antonysamy, business development head, banking vertical - Africa, Wipro Limited
Using data to spark innovation in the finance space

Competition in the banking, insurance and wealth management sectors is heating up, as major players roll out new innovations and features to transform their brand images and lure customers away from their peers...

By Felix Antonysamy 10 Aug 2018

FNB lets South Africans pay for groceries with their watch
FNB lets South Africans pay for groceries with their watch

Fitbit Pay is now available in South Africa. The wireless payments service which works through Fitbit's range of wearable devices is now compatible with FNB and RMB VISA bank cards.

By Andy Walker 7 Aug 2018

#PIPC2018: The role of affordable payment solutions in promoting financial inclusion
#PIPC2018: The role of affordable payment solutions in promoting financial inclusion

To enable higher levels of financial inclusion across Africa, banks and payments companies must drive solutions allowing small and informal merchants to accept digital payments at a lower cost...

2 Aug 2018

NCR welcomes Supreme Court of Appeal judgment
NCR welcomes Supreme Court of Appeal judgment

The National Credit Regulator (NCR) on Wednesday welcomed the Supreme Court of Appeal's decision to grant it leave to appeal the Lewis Stores judgment on club fees and extended warranties...

1 Aug 2018

Contactless payments to account for 15% of total POS transactions by 2020
Contactless payments to account for 15% of total POS transactions by 2020

Contactless payments are expected to reach $2tn by 2020, representing 1 in 3 in-store transactions globally. The trend - driven by payment cards and mobile wallets....

31 Jul 2018

Pay@Pep allows customers to pay for flights in Pep stores nationwide
Pay@Pep allows customers to pay for flights in Pep stores nationwide

Travelstart and Pep have partnered to deliver a service that enables customers to pay for flights in more than 600 Pep stores nationwide...

25 Jul 2018

#MobileCommerce: Understanding payment trends to ensure customers get what they want
#MobileCommerce: Understanding payment trends to ensure customers get what they want

Startup companies are faced with a number of challenges before they even begin trading. Market research and designing an excellent customer journey are important, but ensuring your customer has a payment option...

By Brendon Williamson 12 Jul 2018

Absa embraces Africa with new brand
Absa embraces Africa with new brand

Reclaiming its African roots, the Absa Group, formerly Barclays Africa, has started trading on the Johannesburg Stock Exchange with a new share code (ABG) and a new corporate identity...

11 Jul 2018

How safe are tap and go payments?
How safe are tap and go payments?

Banks and retailers are increasingly adopting tap and go or contactless card payments and consumers, who have access to the technology-enabled cards, are benefitting from the efficiency and ease that it offers...

9 Jul 2018

African entrepreneurs join Alibaba's eFounders Fellowship in China
African entrepreneurs join Alibaba's eFounders Fellowship in China

Twenty-nine (29) African entrepreneurs have completed the two-week eFounders Fellowship programme in China, an initiative run by Alibaba and the United Nations Conference on Trade and Development...

By Gabriella Mulligan 6 Jul 2018

Minister of Finance, Nhlanhla Nene
Guarantees secured for VBS depositors

The Reserve Bank has secured a guarantee for retail deposits of up to R100,000 per depositor, for VBS Mutual Bank retail depositors...

5 Jul 2018

How technology is transforming the retail business
How technology is transforming the retail business

The world is in a grip of an entrepreneurial revolution, and with African startups raising in excess of $200 million in 2017, it's clear that the culture of innovation is alive and well on our continent...

By Andre Rosslee 3 Jul 2018

Retail tech innovation trends unpacked at annual RCS Summit
Retail tech innovation trends unpacked at annual RCS Summit

The latest technological innovations shaking up the retail sector across the globe were revealed at the second RCS Retail Summit, held in Cape Town and Johannesburg this week...

29 Jun 2018

The Scorecard Solution to in-store credit risk analysis
The Scorecard Solution to in-store credit risk analysis

In the United States, many retail brands including Amazon Prime, Macy's, Target and GAP, have adopted the use of in-store credit cards. These retail cards create a symbiotic relationship between the companies which provide them and the consumers which use them...

Issued by OLSPS Analytics 28 Jun 2018

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