Until recently, Bitcoins were held outside the frame of government regulations, but in 2017, the Central Bank of Singapore expressed its interest in crypto-currency.
Some local crypto-currency account-holders express anger after the taxman demands the declaration of their crypto-currency investments.
The bank scored big with its technological innovations in its 2020 annual financial results, doubling retail digital sales compared to the previous year.
Increasingly digitised user journeys are disrupting the financial services ecosystem, effectively banking the unbanked, says Andy Jury, CEO of Mukuru.
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
As new CFO of Tyme, David Pfaff is set to drive the group’s new consumer credit agenda, while also devoting his time to its Asia growth plans.
The solution allows Telkom customers to quickly and securely send money to anyone with a mobile number, with no need for another app or additional software.
The payments company says its partnership with FNB enables thousands of businesses and individual customers to transact when buying internationally.
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
Mukuru will use its reach and capabilities to deliver a seamless process that guarantees on-time payments to the world’s most vulnerable.
MTN Group records improved topline performance in the year ended December, driven by a surge in active data and Mobile Money subscriptions.
The company will use the funds to expand access to electronic payment solutions, especially for underserved small and medium businesses.
The African Development Bank and Huawei create separate initiatives to increase female digital inclusion in Africa.
The South African fintech firm confirms plans to extend operations internationally, setting its sights on the Middle East, Europe and Asia Pacific.