The fintech sector made up 61% of the $2.7 billion start-up funding channelled towards African start-ups in 2021, says Mastercard.
The JSE-listed firm intends to dispose of its ATM Hardware and Support Business portion of Altron Managed Solutions division to NCR.
The app allows any merchant to offer customers contactless card payment acceptance via any compatible NFC-enabled Android mobile device.
The local fintech firms join forces to enable online merchants across SA to accept instant EFT payments.
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
Now that crypto assets are seen as financial products, it is hoped there will be regulatory clarity.
Crypto assets are declared a financial product under the Financial Advisory and Intermediary Services Act.
Banks will gain access to a suite of buy, hold and sell services for select crypto assets, says Mastercard.
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 digital banking space sees a slight reprieve, with fraud reports declining by 18% from 2020 to 2021.
Access Bank SA has appointed Network International SA as its payments partner, handling all its payments processing.
The retail group wins the 2022 MTN Business App of the Year and Most Innovative Solution award.
The bank helps local entrepreneurs transform their businesses by providing them with the latest payment tech.
Zindi data scientists join a career day discussion about the critical role data science plays in business.