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Contactless to account for over 50% of POS transactions globally by 2022
Contactless to account for over 50% of POS transactions globally by 2022

More than half (53%) of global transactions at POS (Point of Sale) will be contactless within five years, compared to just 15% this year...

1 day ago

Youtap solutions aim to simplify mobile payments in Africa and Asia
Youtap solutions aim to simplify mobile payments in Africa and Asia

Youtap has launched a QR code solution and smartphone apps for mobile money services in Africa and Asia...

2 days ago

WeChat teams up with UCook
WeChat teams up with UCook

Since WeChat's move into South Africa in 2013, the messaging app has partnered with companies such as OrderIn, Picup and FitKey, and has now announced the addition of UCook...

15 Aug 2017

Cash is no longer king. All hail digitisation
Cash is no longer king. All hail digitisation

Cold, hard cash has been on the decline in mature first world economies since the 1990s when electronic banking started becoming popular.

By Peter Alkema 14 Aug 2017

#StartupStory: Howler
#StartupStory: Howler

Howler is the consolidation of three events and entertainment platforms that event organisers can use to optimise the planning, promotion, and management of their events...

By Ilse van den Berg 4 Aug 2017

The convergence of credit card and cash in Africa
The convergence of credit card and cash in Africa

According to a recent study conducted by Mastercard, over 50% of the South African population still transact using cash on a daily basis...

By Simeon Tassev 1 Aug 2017

SA payments startup Yoco to expand across Africa
SA payments startup Yoco to expand across Africa

South African payments startup Yoco is to launch in test markets in East and West Africa by the end of next year on the back of strong growth at home...

By Tom Jackson 31 Jul 2017

Major Canadian investment into AGT Food and Ingredients
Major Canadian investment into AGT Food and Ingredients

Fairfax Financial, a financial holding company based in Toronto, Canada will make an investment of Canadian $190 million into AGT Food and Ingredients...

28 Jul 2017

The pros and cons of discounting for small businesses
The pros and cons of discounting for small businesses

As a small business owner, you've probably offered discounts to your customers or have considered doing so. It's a bit of a catch 22...

By Viresh Harduth 25 Jul 2017

From left to right: Gynore Fredericks (first year protégé under mentorship of Miles Mossop at Tokara), Sydney Mello (second year protégé under mentorship of Johan Malan at Simonsig), Tobie Badenhorst (Head of Group Sponsorships and Cause Marketing at Nedbank Ltd), Becky Penumlungu (Sponsorship Manager of Lifestyle Properties at Nedbank Ltd)
Nedbank boosts investment in Cape Winemakers Guild Protégés

Nedbank has increased its investment in the Cape Winemakers Guild Protégé Programme for 2017 with the Nedbank Eyethu Community Trust pledging R700,000 to boost the Guild's Protégé Programme...

20 Jul 2017

Millennial spending and saving habits
Millennial spending and saving habits

Millennials, born between 1980 and the end of 1994, make up the fastest growing segment of the workforce...

18 Jul 2017

Online B2B marketplace for SMMEs goes live
Online B2B marketplace for SMMEs goes live

Launching to small, medium and micro-sized enterprises servicing the retail sector in SA, XAfricaMart offers sellers and their customers a trade secure payment platform...

14 Jul 2017

Sureswipe enables two-second payment transactions
Sureswipe enables two-second payment transactions

South African financial technology company, Sureswipe, has announced a new integrated payment and POS solution that boasts 2-second transaction speed...

7 Jul 2017

Left to Right: George Steyn (Chairman), Sean Walsh (Managing Director) and Graeme Sim (FD Director) of Kaap Agri Limited
Kaap Agri sees good demand at listing

Farming community retailer Kaap Agri enjoyed a strong debut on the JSE. The company reached as high as R64.01 in steady trading volumes...

28 Jun 2017

Kaap Agri Limited Directors celebrating the listing at the JSE
Kaap Agri lists on JSE in speciality retailer sector

Kaap Agri Limited, specialising in retailing and trading in agricultural, fuel and related retail markets in southern Africa, has listed in the “Speciality Retailer” sector of the JSE's Main Board...

26 Jun 2017

Retailers set to lose billions as card-not-present fraud rises
Retailers set to lose billions as card-not-present fraud rises

Retailers stand to lose $71 billion globally from fraudulent CNP (Card-Not-Present) transactions over the next five years...

21 Jun 2017

#StartupStory: Flexpay
#StartupStory: Flexpay

In the #StartupStory spotlight this week is Flexpay: a product created in response to the high demand in the market for purchasing goods via piecemeal payments...

By Ilse van den Berg 19 Jun 2017

Jumia Food's Duncan Muchangi and Sodexo Kenya's Neil Ribiero.
Sodexo and Jumia Food Kenya partner on mobile payment solution for employees

Sodexo Group has signed a new partnership with Jumia Food Kenya to offer employers a seamless mobile solution dubbed M-Kula...

8 Jun 2017

Muvhango Lukhaimane, pension funders adjudicator. Photo: PFA
PFA penalises RA fund for breaching duty of care

The Pension Funds Adjudicator has ordered Discovery Retirement Annuity Fund to refund a member R16,740.65 for unlawfully deducting an early exit fee...

2 Jun 2017

Mr Price Group accused of breaching National Credit Act
Mr Price Group accused of breaching National Credit Act

The National Credit Regulator has referred Mr Price Group to the National Consumer Tribunal for breach of the National Credit Act...

2 Jun 2017

Six trends in retail payments
Six trends in retail payments

Payments technology plays a critical role for retailers, ensuring a fast and smooth shopping experience for consumers, as they transact billions of rand every month...

1 Jun 2017

NetFlorist enables shared payments
NetFlorist enables shared payments

NetFlorist has introduced GiftTogether, a new payment initiative which allows one to get together with other people, select a gift and share the costs...

23 May 2017

Nod for Steinhoff Africa assets spin-off
Nod for Steinhoff Africa assets spin-off

Analysts have praised Steinhoff's decision to list its African assets separately, saying the move allows the businesses to emerge from the shadow of its international operations...

By Colleen Goko 19 May 2017

Contactless payments forecast to exceed $1tn by 2019
Contactless payments forecast to exceed $1tn by 2019

The global value of contactless transactions made via payment cards, mobile and wearables, will reach $1.3 trillion by 2019...

16 May 2017

African Pioneer in brand plan
African Pioneer in brand plan

Eastern Cape businessman Stephen Dondolo says his black-owned investment firm African Pioneer Group plans to enter the beverage market...

11 May 2017

Shoprite interest up as Basson sells stock
Shoprite interest up as Basson sells stock

In an unprecedented move, Shoprite/Checkers is being forced to repurchase R1.8bn worth of shares from former CEO Whitey Basson...

By Ann Crotty 8 May 2017

JSE launches Soya Bean Crush futures contract
JSE launches Soya Bean Crush futures contract

Following interest from both soya bean processors and commodity traders, the JSE launched a Soya Bean Crush futures contract, providing simultaneous exposure to soya beans as well as its processed by-products...

8 May 2017

Cash usage costs SA consumers R23bn
Cash usage costs SA consumers R23bn

At the World Economic Forum (WEF) on Africa, being held in Durban, Mastercard released the ‘Cost of Cash for Consumers in South Africa Study...

5 May 2017

Professor Adré Schreuder, CEO: Consulta
Survey: Customer satisfaction is what differentiates life cover providers

Metropolitan has come out tops in the latest South African Customer Satisfaction Index for life insurance...

5 May 2017

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