Spot Mobile, recently launched by the founders of fintech firm Spot Money, targets underserviced communities in South Africa.
The financial aid scheme confirms its appeal against the judgement interdicting it from terminating the contract with student allowances provider eZaga Holdings.
Wealth management documentation demands hyper-personalisation, perfection and 100% compliance.
South Africa’s results were boosted by improved prepaid performance and price adjustments that delivered greater value to customers, says the firm.
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
Tokenisation using a token service provider is a process in which sensitive data, such as credit card numbers, is replaced with a unique identifier or token.
South African venture capital fund managers committed over R3 billion to early-stage investments in 2023, says SAVCA.
The local fintech acquires customer software development firm Operativa for an undisclosed amount, as it looks to expand across Africa.
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 company's most recent innovations include true automation releases for RecXpress and EFTXpress for direct linking of statements into the product without human intervention.
According to DHL, 75% of online shoppers in Africa use smartphones as their primary purchasing device.
Inadequate controls at the National Student Financial Aid Scheme resulted in irregular payments, says the Special Investigating Unit.
The fintech firm plans to expand its crypto offerings after being awarded a Crypto Asset Service Provider licence by FSCA.