The local fintech firm enables local businesses to accept payments via Apple Pay, Google Pay and Samsung Wallet.
The digital bank names Karl Westvig as its new CEO, as current CEO Coenraad Jonker is appointed chairman of Tyme Group.
In the first half of 2024, hackers stole $1.38 billion, compared to $657 million in the same period the previous year, says TRM Labs.
The big-four bank still sees fraud attempts on some international transactions, as customer complaints continue to pour in.
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
While threat actors’ goals are ultimately money, making hostages out of data and software is their common strategy.
The platform allows clients to make payments directly from their Absa account to merchants that have integrated Absa Pay.
The court rules there is no urgency to the application, while the application to review and set aside its contract is being finalised.
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
From deep learning algorithms to edge computing and explainable AI, the potential for AI to transform how we work, live and interact with technology is immense, says Tim Humphreys-Davies, CEO of Pinnacle.
Cross-functional collaboration enables finance teams to leverage the expertise and insights of other departments, says Gary Govender, strategic business development manager at ALNET Technologies.
The move from cash to cards is evident in the rapidly-expanding number of point-of-sale terminals, says GlobalData.
Cyber criminals are exploiting consumers who are insufficiently informed about how digital wallets work, says the bank.