Banking & Finance News in South Africa

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

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

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

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

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 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

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

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

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?

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

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

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

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

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

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

#MFGIndaba: An uncomfortable world

In same the way as the 1st, 2nd and 3rd Revolutions did, the 4th Revolution is creating discomfort around the globe...

By Danette Breitenbach 26 Jun 2018

mPOS transactions to represent 24% of all POS transactions by 2023

Mobile point-of-sale devices will account for almost 1 in 4 POS transactions by 2023, according to a new study from Juniper Research...

20 Jun 2018

CompareGuru team return with SA price comparison startup MoneyPanda

Ryan Marx, Jax du Plessis and Duane du Plessis know all about price comparison, having been the team behind pan-African platform CompareGuru...

By Tom Jackson 18 Jun 2018

Entries now open for Pricecheck Tech and E-commerce Awards

Entries are officially open for the third annual Tech and E-commerce Awards hosted by price comparison website Pricecheck...

15 Jun 2018

Nav(igating) your way to financial health

We've all had those moments of looking at our bank balance and wonder where all your money has gone, well FNB has launched a new app that keeps track of your spending at any time or place...

By Nicci Botha 13 Jun 2018

#NewCampaign: Cosmopolitan SA petitions to end tampon tax

Cosmopolitan South Africa has launched a petition to end tampon tax, calling all women to campaign against period poverty in South Africa...

By Jessica Tennant 12 Jun 2018

Global digital commerce spend forecast to reach $14.7tn by 2022

Global consumer spend on digital commerce will reach $14.7tn by 2022, up by 60% on last year's figure of $9.2tn. It's expected to approach $15tn annually...

6 Jun 2018

Bridget Nkandu, Absahead of the youth market segment

#YouthMonth: Banks must catch 'em when they're young

Millennials use apps to buy transport, food, accommodation, fashion and beauty, and consequently, expect the same technology-driven convenience when it comes to customer service and communication from their bank...

6 Jun 2018

Kenyan startup Tanda launches inventory-management solution

Kenyan startup Tanda, which makes it easier to run a shop by allowing shop owners to order and manage their inventory, has formally launched after a four-month pilot...

By Tom Jackson 6 Jun 2018

Easy, accessible banking with Shoprite's new mobile wallet

Shoprite has just launched a new mobile transactional banking service that enables customers to deposit, withdraw or send money as well as buy groceries at any of the till points...

23 May 2018

Designing a great customer journey can help even the smallest digital offering

From the moment they click onto an e-commerce site, customers develop a lasting impression of your brand...

By Brendon Williamson 18 May 2018

Moroccan e-commerce platform Hmizate expands into fintech

Moroccan company Hmizate, which since 2011 has provided an e-commerce platform offering users access to goods, food, travel services and deals, has expanded into fintech with the launch of HmizatePay...

By Tom Jackson 16 May 2018

Mastercard to announce new collaboration with Zapper

Zapper will soon be compatible with Mastercard's Masterpass payments system, after the companies on Monday announced a new possible collaboration...

By Andy Walker 14 May 2018

Local beer brewer extends funding round to accelerate international expansion

South African beer brand, Drifter Brewing Company, has extended its funding round after seeing an increasing demand for its product abroad, particularly in South Korea...

11 May 2018

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