The multi-acquiring solution encountered technical issues with its first priority processing bank, so it swiftly switched operations to the second priority bank.
The big-four bank names Sashin Sookroo as CEO of FNB Connect, its mobile virtual network operator.
The South African crypto-currency industry expects the costs of compliance to increase, and to potentially push some of the smaller players out of the market.
The firm reaches a customer base of 350 000 merchants, as demand for its payment devices grows across SA.
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
Loan services and car licence disc renewals are among the best-performing verticals on MTN’s MoMo financial services platform.
The Stripe-backed company plans to enter North and Francophone African countries, after recent expansion to Kenya.
Clients are warned of a scam where fraudsters phone victims to “reverse” an unauthorised debit order via app.
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 point-of-sale iK Flyer smart card machine, developed by iKhokha, offers business owners a secure and efficient means to accept card payments.
The companies enter a network collaboration to accelerate access to telecoms services for FNB Connect.
The exchange prepares to scale-up its crypto learning hub, Binance Academy, as more South Africans adopt crypto-currencies.
E-commerce revenue from four of the firm’s core segments was strong at 36%, partly offset by a tougher trading environment in the e-tail business.