Juniper research finds Visa and Mastercard will be the key digital payment drivers, pushing the market to over $5 trillion by 2020.
A new WEF report suggests the partnership between banks and large tech companies could open the door to direct competition at a later stage.
The company has implemented the technologies to automate client onboarding and banking operations.
Financial services institutions need to incorporate a more agile cyber risk management approach, says One Channel.
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 company scooped the Top Gender Empowered: Skills Development Award by Standard Bank Top Women Awards 2017.
The new smartphone apps are designed to simplify mobile money payments between merchants and consumers.
Since the Bitcoin split earlier this month, SA has seen a massive increase in the crypto-currency's trading volumes.
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 bank's ChatBanking service attracts just over 2 000 customers per month.
Contactless payments will account for one in two point-of-sale transactions globally by 2022.
Although virtual currencies are gaining popularity, it's still too risky to start issuing them, says the central bank.
The international fintech platform will use some of the proceeds to grow its presence in Cape Town.
The technology arena will be home to over 100 technology-focused exhibitors at the AfricaCom conference in Cape Town in November.