While SA has largely embraced technology innovations, the country has yet to conquer the mobile money conundrum, as it’s caught in the grip of excessive legislation.
The digital bank takes its business global, exporting its concept and experience to its newly-established sister company in the Philippines.
By July, decentralised finance-related hacks totalled $361 million, already making up three-quarters of the total hack volume this year, says CipherTrace.
As part of the agreement, Paxful’s customers will be able to utilise Ovex’s ‘Direct Transfer to Bank’ tool, which allows them to instantly convert their Bitcoin into fiat.
NSFAS fintech partners to challenge contract cancellations
In this week's tech news roundup, Fintech partners contracted to disburse monthly allowances to NSFAS-funded tertiary students have challenged the allegations levelled against them, saying they are considering legal action. eZaga and Tenet Technology have denied the allegations made against them and claim to not have received the full report in which these were made Stay informed and engaged with our comprehensive coverage of these stories and more on our website, www.itweb.co.za and social media platforms. Discover the latest advancements shaping the future of technology by ITWeb. #newsvideo #sita #nsfas https://www.itweb.co.za/content/DZQ58MV8yPAvzXy2 https://www.itweb.co.za/content/rxP3jqBEax8MA2ye https://www.itweb.co.za/content/xnklOvz1dnYq4Ymz https://www.itweb.co.za/content/dgp45vaBPVJ7X9l8 https://www.itweb.co.za/content/P3gQ2qGAPrg7nRD1
The use of social networks in the context of e-commerce transactions sees the rise of internet sensation ‘Brother Pomegranate’ amid the growing global trend of rural entrepreneurship.
The pandemic forced banks to aggressively reposition their business models, reshaping how customers are served, says Standard Bank
With COVID-19 constraints and the shift to WFH, new software tools for collaboration are proliferating faster than ever, says Edward Ngubane, head of business analysis at DVT.
Huawei Cloud drives African FinTech innovation
Mark Wang, Solution Architect at Huawei Cloud Southern Africa, spoke to ITWeb about Huawei being a strategic partner in the banking sector. He also addressed challenges for banks in SA and potential growth in the payment ecosystem for customers. #huaweicloud #fintech #digitalbanking
The bank believes the spectrum release will underpin and encourage more digitally-intensive transactions across the board, says COO Mfundo Nkuhlu.
A confluence of civil unrest, record unemployment and the pandemic creates ideal conditions in SA for the flexible, convenient and transparent buy now pay later movement.
In a turn of events, after stealing over $600 million in crypto-currency yesterday, the hacker has started returning the funds.
The group initiates an exit of Syria, abandoning its operations, as regulatory actions and demands make operating in the market untenable, says CEO Ralph Mupita.
The future of banking is driven by consumer expectations, new business models and technology advancements.