The stringent regulations on new SIM sales and activations in Nigeria cost the telco millions of mobile and data subscribers.
The industry-wide Rapid Payments Programme, led by BankServAfrica, is poised to radically transform the financial industry, allowing instant payments across all banks.
The big-four bank’s digital wallet is now available at about 50 000 access points in SA, boosted by spaza shops and informal market partnerships.
For banks specifically, data helps identify new business opportunities as well as retain customers and acquire new ones, says Bernard Van Niekerk, MD at RadixTrie.
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 bank will recruit 300 additional experts with engineering, technology and data skills to supplement its existing cohort of equivalent skills.
The big-four bank enables insurance cover and claims capability via its WhatsApp-based chatbot.
While customers prefer to bank digitally, they still crave a human connection when it matters, a global banking survey finds.
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 South African fintech firm plans to scale its financial ecosystem to Africa and the Middle East after securing Series C funding.
The bank saw significant growth in recent months, buoyed by its digital offerings, which necessitated the need for new hires.
Vaughn Hechter, head of customer services for NuPay and Delter, provides a better understanding of how the market has been responding to DebiCheck, and where there is room for improvement.
Mobile service providers use remote liveness detection, biometric identification and SIM binding to stop identity theft.
The global fintech firm seeks to employ South African graduates, as it moves into blockchain and crypto-currency technologies.