08/01/2016
The financial sector in Australia is set to take $10 billion in revenues away from the big Australian banks and contribute $3 billion of new revenue from 2015 to 2020.
07/29/2016
With the new look App, users are able to perform a wider array of transactions ranging from paying utilities, transferring funds across accounts and banks and making e-commerce transactions among other capabilities.
07/28/2016
This technology allows interoperability within the payment space. Wherever biometric technology is currently being used, it is limited to the standards of a particular vendor.
07/27/2016
The Payments Association of SA announced yesterday that a new standardised specification to facilitate biometric authentication on payment cards had been developed in collaboration with Mastercard and Visa.
07/27/2016
She said ATM has evolved from being a mere cash-dispensing machine to one with an array of functionalities.
07/26/2016
Standard Chartered said it would invest USD1.5 billion in technology over three years.
07/26/2016
In a separate and earlier development, Russia-based Tochka Bank says it launched the world’s “first” Facebook bot for a range of financial services.
07/26/2016
It should be recalled that BusinessDay previously reported that Nigeria may be losing out on benefits attached to innovation due to lack of funding.
07/25/2016
The market has been even quicker to react.
07/20/2016
The company operates in 12 African countries and has offered loans to over 700,000 customers.
07/20/2016
The partnership will also focus on increased payments infrastructure across Africa, including the roll out of point-of-sale and mobile-point-of-sale technology, to ensure merchants are able to accept the cards when introduced into these markets.
07/19/2016
Banking group Absa has launched MasterCard’s MasterPass smartphone application in South Africa, allowing customers to use their mobile phones to make payments at the point of sale and on the Internet.
07/18/2016
It positions the bank for future growth as internet penetration continues to deepen in Africa and the use of mobile phones becomes the new and preferred banking channel.
07/18/2016
O3bTrunk services also provide the basis of a resilient, high performance system that is ideal for use in disaster recovery
07/15/2016
However, South Africa’s fintech sector has nonetheless come under harsh attack recently, with Michael Roberts, chief executive officer of African business solutions provider Khonology, claiming that South Africa lacks the skills, training, and fina
07/15/2016
Customers authenticate the transaction by scanning a QR code with their phone, entering a one-time security code or tapping their device on the machine.
07/15/2016
Unibank is a mid-sized universal bank in Ghana, with assets of around $430 million.
07/14/2016
The Banking App already enjoys high usage amongst Standard Bank’s South African and Offshore customers.
07/14/2016
Eligible members receive the funds immediately via their mobile wallets, thus reducing loan processing times.
07/13/2016
African banking group becomes the first on the continent to join the R3 blockchain consortium.