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Rapid payments system PayShap’s transactions surged to 30 million, valued at R19.5 billion, since its launch in March 2023.
The company has enabled banks to use consumer shopping behaviour to qualify 3.2 million individuals for credit who would have previously been declined.
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
F‑Secure and TNG Digital, a Malaysian mobility company, have co-created an embedded security solution to protect Touch ’n Go eWallet and the data privacy of its user base.
The NSFAS administrator reveals filing of court papers to terminate the contracts with direct payment service providers, following irregular appointment processes.
The challenges of ensuring data security and privacy are increasing, making it harder to manage digital identities, says Dominic Richardson, CEO at Dolos.
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
Altron FinTech recently signed a five-year contract to supply PAX Android POS payment terminals to Absa.
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The short-term insurer acquires the local online marketplace company for home services for an undisclosed sum.
The companies extend their partnership, with the goal to drive security within the fleet and fuel payment industry.