Mobile commerce grows across the continent, led by Nigeria, Egypt, Kenya and SA, reveals a study.
The bank’s digitally active clients reached 6.21 million, while logins totalled 804 million in the interim period.
Online sales grew by 22.4%, contributing 13.7% to total turnover and concession sales in the interim.
The Transaction Junction Scan to Pay Dynamic QR Code is generated uniquely for each transaction and displayed on the PED, for customers to scan through the payment app of their choice.
The South African retail group is transforming a complex business with faster access to disparate data sets and more accurate reporting.
Botha will oversee data security, maintain stable IT infrastructure and enable Ukheshe’s business strategy.
The South African-founded chat-based commerce platform secures $91 million in its series C round.
The start-up will use the investment to bring merchants in Africa’s informal sector into the contactless payments fold.
Homechoice unit Weaver Fintech buys an 85% stake in Cape-based buy-now-pay-later start-up PayJustNow.
The court in Luxembourg upheld the bankruptcy application against the firm, which is now considering appeal options.
The funds anchor the African start-up’s plans to accelerate customer acquisition and grow through mergers.