Capitec has launched QR payments in its app, allowing clients to scan barcodes to make payments at the point of sale or online, including where merchants use Zapper or SnapScan.
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South African fintech player Ukheshe has agreed to buy Oltio from Mastercard, the company that developed the digital payments platform for Masterpass, Mastercard’s QR code payments service.
Pick n Pay now allows customers to deposit money directly into their own bank accounts at till points thanks to a partnership with Mastercard, Visa and Absa.
Nedbank now allows merchants to accept payments directly on their phones using tap-to-pay technology. It allows business owners to convert their mobile phones into payment acceptance devices.
The Facebook executive responsible for the embattled cryptocurrency said he doesn’t fault companies that pulled out of the project, adding that he’s optimistic more organisations will sign on.
Facebook’s effort to create a cryptocurrency was dealt a blow on Friday after several key partners, including Mastercard, Visa, eBay, Stripe and Mercado Pago, abandoned the project.
Two US senate Democrats are urging three payment processing companies to reconsider their involvement with the libra cryptocurrency project envisioned by Facebook and a coalition of other groups.
Four payments companies that have joined Facebook as founding members of the Libra Association are wavering over whether to officially sign on to the cryptocurrency project.
Microsoft, Mastercard and the Hewlett Foundation are funding a new organisation that is planning to help dissidents and other vulnerable groups across the world defend against hackers.
Mastercard has showcased technologies such as augmented reality as part of its work on the future of shopping and payments.