Visa, Mastercard and PayPal may have boosted the single, greatest risk they face – that of tougher regulation – by becoming early backers for Facebook’s new digital money, called libra.
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Facebook is to launch a cryptocurrency next year – backed by the likes of Mastercard, Visa and PayPal – which will allow people to move money from their smartphones.
Jumia Technologies said on Monday that Mastercard has agreed to invest €50-million in a private placement ahead of the Africa-focused online retailer’s planned initial public offering in New York.
First National Bank is introducing consumer and merchant QR code payments to its banking app. The bank is using Masterpass, Mastercard’s digital payment service, to offer the functionality.
Former First National Bank CEO Michael Jordaan’s new financial services venture, the app-driven Bank Zero, has been integrated with the national payments system and will now begin trial runs ahead of commercial launch.
Samsung Pay went live in South Africa on Tuesday in beta form, with Absa clients getting exclusive access and Standard Bank to follow “soon”. Nafisa Akabor put it to the test.
Nedbank, working with Mastercard and Entersekt, has launched QR code (or quick-response code) payments to Masterpass, Pay@, SnapScan and Zapper merchants and billers in its Money app – for use online or in-store.
South Africa has been placed alongside countries such as Peru and Pakistan on a “watch out” list of nations that are failing to rise to their digital potential. More than 170 indicators, including mobile
Mastercard will work with South African partners to bring biometric cards to local consumers by the end of the year. The development follows two separate trials conducted recently with Pick n Pay and Absa. South Africa is the first
Mastercard’s Masterpass now claims to be the most widely accepted digital wallet in South Africa after concluding a deal to allow consumers to use its wallet at the more than 30 000 SnapScan merchants in South Africa. Mastercard and SnapScan