Financial technology app usage jumps 61% year-on-year, amid the skyrocketing demand for digital payments prompted by the pandemic.
The bank’s customers can now scan any QR code in the market and Absa will process payments without the need to download any other service provider apps.
Service assurance requirements mean companies must test and monitor new digital transformation projects over both wired and wireless networks to assure a quality user experience.
Digital transformation will be critical in helping insurers build trust and remain relevant with the communities they serve, says Standard Bank.
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 buy now pay later start-up gets the financial muscle to expand its footprint, after funding from Australian-listed fintech firm Zip Co.
The companies launch Money Message, a payment platform that lets small and micro businesses receive in-chat payments from customers via WhatsApp.
First National Bank rolls out MyProfile and Business Profile, to make it easier for individual and business customers to update their personal information with the bank.
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
Bitcoin ATMs work like regular ATMs, but some offer an option to exchange your cash for Bitcoin.
Ongoing investigations into the Absa data leak reveal an additional group of customers belonging to Absa and Ford Credit had been compromised.
The company says without banking services, it will not be able to pay 1 200 employees, or procure critical risk management services for the business.
The Cape Town-based fintech firm receives funding boost to support growth into other African markets, as well as scale up the business’s current operations.
To qualify for Voucher Advance, customers need to have been active on the Vodacom network for at least six months.