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.
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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
South African mobile payments start-up iKhokha and Mastercard have agreed to work together to boost payment card acceptance at micro, small and medium enterprises in informal settlements. In the next six months, iKhokha aims to roll
New standards to facilitate card payments using fingerprint authentication have been introduced to make transactions more secure and convenient for consumers. The Payments Association of South Africa, in partnership with
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
Mobile payments are gaining acceptance and will impact on traditional businesses, says a research organisation. According to Gartner, half of consumers in developed economies such as