Browsing: Beyond Payments

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Vodacom’s Herman Singh to join MTN

Big changes are sweeping through the management corridors at MTN Group, with a former top Vodacom managing executive, digital financial services expert Herman Singh, set to take the leading

In-depth
Standard Bank debuts new payments app

After a lengthy pilot project, Standard Bank has commercially launched SnapScan, a smartphone-based payments system that removes the need for consumers to carry either cash or bank cards, allowing them to make payments using only their phones. Consumers from any bank, not only

In-depth
Vodacom hunts for future growth

Vodacom expects demand for data to offset a decline in voice revenues in the next few years, but with the margins on data slimmer and the price of data being driven down by a competitive market, the operator is also hoping so-called “over-the-top” services – content, social networking and financial services are three examples

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Vodacom hires top banking executive

Vodacom has hired a top expert in electronic payments and financial services to head its mobile commerce division. The telecommunications operator has appointed Herman Singh, formerly head of Standard Bank’s innovation arm, Beyond Payments, as its managing executive for mobile commerce. Singh

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Mxit edges closer to banking

Mxit Money, a partnership between Standard Bank and mobile social network Mxit, has been launched and allows Mxit users to send money to one another for free, transact with that money, and even withdraw it. Users can also send money to other mobile phone users for a nominal fee. Mxit CEO

In-depth
NFC payments set to take off in SA

Near-field communication, or NFC, is taking the mobile world by storm, with operators and payments companies predicting it will change the way people buy and sell goods, potentially replacing plastic cards and cash at the point of sale

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Vodacom aims for 10m M-Pesa users

Vodacom expects to sign up 10m M-Pesa mobile money users within three years. The telecommunications operator’s director in charge of the product’s launch, Romeo Kumalo, revealed the ambitious target during the product’s launch in Midrand, north of Johannesburg, on Tuesday.