Browsing: MasterCard

Is cash still king, or yesterday’s hero?

Depending on who you speak to, cash is either still king or simply yesterday’s hero. But what everyone agrees on is that the payment ecosystem of today is drastically different to what it was 20 years ago and technological innovations are quickly driving businesses and individuals to

Pay for parking with your phone

Shoppers at The Pavilion, a large shopping centre in Durban, can now pay for their parking using their mobile phones. MasterCard has rolled out its digital wallet service, called MasterPass, at The Pavilion, allowing shoppers to pay using their phones. The shopping

3-D Secure compliance irks e-retailers

The Payments Association of South Africa (Pasa) is moving ahead with plans to fine merchants that have failed to comply with 3-D Secure, a new layer of verification for online payments. And it’s got some online retailers hot under the collar. While not everyone’s happy

SA’s digital economy robust: new research

South Africa’s digital economy is the most developed in Africa and one of the fastest growing in the world, according to an index released on Wednesday. South Africa, Egypt, Kenya and Nigeria were moving towards digital evolution, according to the MasterCard Digital Index. Developed by the company and

SA app secures users’ bank cards

Earlier this week, Old Mutual in Namibia unveiled a deal with Tranwall of Hong Kong to implement South African-developed “transaction control” technology on the OMcard, a prepaid Visa card that was developed specifically for Old Mutual customers in that country. The technology behind

Standard Bank in digital wallet venture

Standard Bank has launched MasterCard’s MasterPass, a digital wallet that allows consumers to pay for goods and services using a digital wallet. South Africa is the first country in the Middle East and Africa and the 10th worldwide to get the service. “It’s not only going beyond cash but beyond plastic that

Security crucial to SA’s online shoppers

MasterCard’s annual Online Behaviour Study, presented by World Wide Worx, has revealed that the availability of secure payment facilities is most critical to South Africans when they shop online. The study revealed that 90% of respondents cite the availability

Blue Label in rural payments push

Blue Label Telecoms and MasterCard plan to roll out point-of-sale (POS) devices to 22 000 small traders and rural shops in South Africa, allowing them to accept card payments for the first time. Blue Label already provides thousands of POS terminals in South Africa, which

SA’s online spending habits revealed

South Africans spent R3,3bn shopping online in 2012, a figure that’s expected to grow to R4,4bn, or by 25%, this year. But with more people having access to the Internet, the proportion of consumers who shop in this way decreased compared to 2011. Although South Africans