The cash-out functionality adds to the existing MoMo suite of saving, sending and receiving money, paying bills and buying prepaid services.
The big-four banks anticipate a significant uptick in Black Friday digital transactions, as the easing of lockdown improves the country’s GDP rate.
Developing more innovative payment methods in isolation is not enough, says Johan Gellatly, MD of Altron FinTech.
First National Bank adds several functions to its smart nav» tools, including making it possible for consumers to buy and sell vehicles to their peers.
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 telco sees strong growth potential for customer adoption and is targeting 73 million financial services customers in three years.
President Emmerson Mnangagwa’s administration is consulting on crypto-currency mechanisms to ease payments and currency woes.
The deal will see the benefits of buy-now-pay-later offered to small and medium enterprises, which the companies say will help them to increase revenue.
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
Nokia's threat report highlighted an 80% year-on-year increase in the number of new banking trojans.
Armed with the provisional banking licence in Nigeria, Africa’s biggest telco’s intention to diversify revenue streams has been accelerated, analysts say.
The big-four bank reaches a milestone in “record time” as more businesses and individuals rely on its super app to access essential services.
The centre will accelerate research on blockchain, central bank digital currencies, cyber security and digital inclusion.
Most of the bank’s new accounts are opened at kiosks, with just under 20% of new accounts now opened online, up from 15% since April.