Financial experts tout open banking as the answer to the billions of rands lost in SA’s cash economy annually.
In 2022, the telco rolled out 1 570 5G sites, mainly in SA and Nigeria, bringing its total number of 5G sites to 2 527.
SA’s new rapid payments system looks to iron out challenges, as it targets 500 million financial transactions per annum.
The fresh capital will support 42Markets in accelerating the development and expansion of its portfolio companies.
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
The transaction will be settled by a combination of cash and allotment of ordinary shares out of treasury shares.
Which is better for your business?
Reversing South Africa’s recent greylisting is possible, as one cyber security feature may hold the key: enterprise-level biometric authentication.
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
Public key infrastructure has emerged as a vital technology that can help secure the financial sector and protect against various threats.
Southern Africa saw 24% year-on-year growth in registered mobile money accounts from 2021 to 2022, says the GSMA.
As part of its R1.4 billion investment in strategic projects, the bank bolsters its mobile platform and cloud services.
New Binance country manager Hannes Wessels describes the major differences between the old and the new of finance.
The partners open the door to digital commerce for businesses looking to participate in the digital economy.