The World Bank projects a 20% decline in global remittances, urging service providers and authorities to introduce measures to ease use of mobile money platforms.
The banking and securities trading sector ramps up tech spending as the impact of the coronavirus rattles financial markets across the globe.
Smart messaging helps banks immerse their customers in an experience where they feel secure enough to be the drivers of their own financial journeys, says Claudius Van Der Meulen, SVP Europe at Entersekt.
The companies have successfully completed the roll-out of a WhatsApp-based chat banking platform at one of SA’s big four banks.
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
MTN, FNB and Absa see an uptick in use of their mobile money services, as more South Africans turn to digital wallets during the pandemic.
In Africa, close to 1% of users were targeted by banking Trojans during 2019, says Kaspersky.
Blue Turtle Technologies' digital solution enables customers to engage and transact using virtual assistants, conversational AI and process automation.
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 micro-transaction app’s platform will be free to social grant users during the pandemic for a 90-day period.
The recently-established Intergovernmental Fintech Working Group drafts a policy position paper on crypto assets.
The bank becomes the latest financial institution to add the Samsung payment service to its digital payment options.
The micro-payment platform appoints Mark Dankworth to launch and grow its African operations.
The retail giant becomes the latest local company to introduce contactless payment solutions in its shops to mitigate against the coronavirus.