South Africa's informal economy, made up of thousands of small businesses in city centres and townships across the country, represents a massive opportunity for job creation and economic growth...
Mandla Khupe 3 May 2021
Bronwyn Williams, partner at Flux Trends, interviewed Carl Wazen at the Alinea Retail Master Class to find out about future retail trends...
African merchants should support payment methods that suit their customers, rather than following global trends just for the sake of it...
Peter Harvey 21 Jan 2020
According to Mastercard research, around 96% of transactions are still conducted in cash among South Africa's 1.5 million informal enterprises...
More than half (53%) of global transactions at POS (Point of Sale) will be contactless within five years, compared to just 15% this year...
Shoppers can now use MasterPass, the digital commerce platform from MasterCard, to pay for in-store or face-to-face purchases at over 2,000 iKhokha retailers and service providers in South Africa using their smartphones or tablets...
Card acceptance/compliance continues to grow exponentially in African countries and with the mounting need for secure and reliable communications...
South African shop shelves were left empty this festive season with consumer spending at an all time high. This is supported by recent figures released by First National Bank (FNB) that illustrate that its credit card customers spent over R3 billion in retail stores in December; a 35% increase over the same period last year.