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
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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
Jack Dorsey must be so disappointed. His second successful start-up company, Square, is about to go public at a value of only US$4bn. Shame. But this number tells us many things about an entire
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
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
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
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
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