A new app lets users send money to any e-mail address or phone number in SA free of charge, similar to PayPal-owned Venmo.
The social development minister says the South African Post Office is incapable of issuing social grants.
Embedded integration is ideal for merchants who want to display the Secure Instant Deposit transaction within an iframe embedded on their own Web page.
SA's ICT spend within the banking and financial services sector is expected to reach R16?billion by 2019.
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
Investment in regulatory technology will be dominated by established technology players, says Juniper.
The virus, dubbed Cutlet Maker, was being openly sold on the dark net market.
Start-up Wala, backed by Vinny Lingham and Llew Claasen, looks to revolutionise banking in Africa via blockchain technology.
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 majority of the bank's customer interactions are via digital platforms, with only 1.2% still happening face-to-face in branches.
The online marketplace has accepted the crypto-currency for more than a year and has seen a steady increase in usage.
The payments giant opens its blockchain application programming interface to partner banks and merchants globally.
To help UBank improve its customer experience at the branch, Emerge Queue installed its Qmatic Orchestra Essential 6.2 system.
The agency gives the South African Post Office an offer for social grant payments, but the extent of its role in future payments remains unclear.