The bank’s ChatWallet provides a range of services, from receiving money to making payments and even withdrawing cash via WhatsApp
The enterprise-grade terminal boasts a seven-inch touch display, runs on the latest Android 12 OS and is powered by the Qualcomm SD660 processor.
The short-term loan facility, Qwikloan, enables MoMo users to obtain loans on their mobile phones, ranging from R250 to R10 000.
The telco signs deal with Mastercard for an investment of up to R3.8 billion into MTN Group Fintech at a valuation of R99 billion.
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
A South African financial services company specialising in employee benefits solutions for businesses asked Intellinexus to help modernise their BI architecture.
The contactless payment tool, which underwent maintenance this week, will no longer be supported from April, says First National Bank.
Vodacom Group, including Safaricom, hits 200 million customers for the first time, with quarterly revenue increasing 26.8% to R38.9 billion.
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 local fintech start-up reports strong demand for its digital wallet, with its user numbers growing 100% year-on-year.
It is crucial for fintech companies to spend time building access, educating customers and demonstrating reliability.
Keynote speaker at #ITWebSS2024 propose that South Africa sets an example for the continent.
The move encompasses direct reductions and elimination of open roles, with affected employees to receive notifications this week.