The bank reduces its total number of employees by 1 200 and institutes a hiring freeze, citing COVID-19 ramifications, combined with its digital strategy implementation.
The partnership will enhance Cellulant’s cyber security by proactively securing its digital banking channels and guarding against digital banking and payment frauds.
The bank expands its retail partner footprint for its Instant Money offering, so that it can bring this service to more South Africans, safely and securely.
The bank rolls out online secure authentication for merchants and customers ahead of busy shopping periods Black Friday and Cyber Monday.
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
Monitoring systems are the source of critical data for a business, says Sourcing SA.
The deal is set to strengthen Ukheshe’s existing partnership with Mastercard, combining its ability to solve local market pain points with Mastercard’s global scale.
The Cape Town-based money transfer provider reaches over seven million customers globally, as it eyes extending its footprint across Southern Africa.
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
Once the vehicle passes verification, a badge is added to the car sale advert, giving potential buyers assurance that both the vehicle and seller are legitimate.
The local firms believe the price of Bitcoin will breach the $20 000 (R307 000) all-time high it reached during the tail-end of 2017.
Clients can use the virtual card online like a physical card, but it’s safer as no-one can steal or duplicate it, says Capitec Bank.
The bank is driving the mass adoption of contactless payments in Africa, as consumers look for safer ways to pay in the wake of COVID-19.
The new partnership is intended to make it easier for mobile money customers to load funds onto their mobile wallet without the need for a credit card.