Fraudsters are sending a fake SMS asking beneficiaries to send their ID numbers, PINS and SASSA card numbers.
ConnectionChain is a security technology that safely executes exchanges and payments in different virtual currencies.
The South African fintech company reported a 124% increase in interim profit after tax, while HEPS grew 87%.
Mojaloop simplifies the development of payment solutions that connect poor customers to merchants, banks and governments.
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
Integration of Mastercard's digital payment service into the app will see spaza owners facilitate cashless transactions with customers and retailers.
Following the recent slump in the Bitcoin price, experts believe digital currencies will remain unpredictable for some time to come.
A fixer and a changer, Peter Rix, CTO? and head of infrastructure at Barclays Africa Group Limited, has been involved in IT since he was 10 years old.
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 technology solutions firm, through a partnership with Microsoft, is developing an anti-money laundering solution to aid African banks.
The investment will be used to fuel DPO's strategic plan which includes growth in SA and the rest of Africa.
Rise, the group's fintech innovation hub, will be providing four women entrepreneurs with financial and skills development support to achieve sustainable growth.
Plans to issue a tender for grant distribution have been halted, as National Treasury is roped in to determine how best to avoid a potential catastrophe.
The payments company extends its seller protection service to South Africa, Kenya and Mauritius to help guard merchants against fraud.