The clearing house sets a record, processing 100 million EFT credit payments and 103 million debit card transactions.
The switch to ISO 20022 is critical to reforming SA’s payment system, while improving compliance and transparency.
The Standard Bank-backed contactless mobile payment app intros SnapStore, as it reaches 1.3 million downloads.
SA was the star in MTN’s stable of 19 markets, recording stellar performance in Q3 and lifting the group.
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 partnership enables CR2 customers to make seamless payments to more than 130 countries, including SA.
execMobile’s APN data solution offers managed mobile data connectivity across multiple networks, on a single platform.
The strategic alliance will see Sanlam provide a range of financial services via MTN’s digital platforms.
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 Competition Tribunal unconditionally approves the merger, whereby TymeBank intends to acquire the entire issued share capital in Retail Capital.
Mobile financial services also reduce poverty, spur economic growth and accelerate social development progress.
The fintech sector made up 61% of the $2.7 billion start-up funding channelled towards African start-ups in 2021, says Mastercard.
The JSE-listed firm intends to dispose of its ATM Hardware and Support Business portion of Altron Managed Solutions division to NCR.
The app allows any merchant to offer customers contactless card payment acceptance via any compatible NFC-enabled Android mobile device.