Electronic and mobile payments are increasingly becoming the preferred method of payment globally, a report says.
The company has opened a new branch office in Luanda, Angola.
The solution allows BMO MasterCard customers to purchase services using a sticker on their mobile phones.
Providing services to the unbanked will benefit the banking fraternity and the economy as a whole, says Wesley Lynch, CEO of Realmdigital.
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 bank has adopted the Trillium Software solution to assess data quality and metrics. [Local rep: Master Data Management]
Misys GeoGuard aims to reduce cost of fraudulent transactions for banks and minimises consumer frustration when travelling.
Customers can now buy electricity units and pay bills using their mobile phones.
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 unit will leverage off parent company Standard Bank's offerings.
Sector agrees to carry out joint activities that will benefit banking and financial institutions.
The ISP will demonstrate its new FNB banking app for smartphones and tablet devices at the event.
The future of banking in Africa
MTN and Huawei, in partnership with Brainstorm magazine, held an executive roundtable on 11 May for industry insiders from the financial sector to discuss emerging technologies and digitisation in the banking space. #mtn #huawei #fintech
FNB's latest service is likely to spur similar offerings as cellphone banking takes off, says Strategy Worx
Big four bank Absa takes the unprecedented step of stopping payments submitted through the site.
Banks will no longer need to integrate multiple vendors' tools or add new delivery methods, says IronKey.