Capitec Bank’s virtual hackathon invites innovators to formulate dynamic tech solutions for a post-coronavirus South Africa.
The 18-month-old South African digital bank is rated second best in the country on the Forbes list of the world’s best banks.
This market space desperately needs innovation to enable informal traders to operate as cashless businesses, says Craig Duggan, commercial head at Transaction Junction.
The South African Post Office’s cashless ATMs reach Limpopo province, as part of efforts to decongest current SASSA payment points.
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 QR code payments app doubles its merchant numbers as its user base climbs to over 835 000, amid fears of the spread of the coronavirus.
The bank says overall credit utilisation declined during the lockdown and arrears, including non-performing loans, are still within expectation.
A major security breach at Postbank exposes the personal data of millions of social grant beneficiaries and other account holders, Sunday Times reports.
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 more people we equip with technology knowledge and capability, the more opportunity for employment and business growth.
The bank ramps up its use of technologies as consumers opt for digital channels during the nation-wide lockdown.
The firm invests an undisclosed amount in start-up truID through its ventures investment arm, Crossfin Ventures.
The e-hailing company’s new payment service aims to promote contactless transactions during the coronavirus period and beyond.
The companies join forces to offer a QR code revenue collection service for SMEs, schools and non-profit organisations.