Ever since computers were first introduced into the retail banking system in the late 1950s, there has been the vision of a future world where cash is obsolete. The near death of personal cheques, increase in debit and credit card use, and innovations such as PayPal
Browsing: Square
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
Investors are still unsure about Twitter’s prospects. The tech company’s stock dropped by 10% after reporting low user growth in its third quarter earnings report, despite seeing revenue grow by 58% compared to 2014. The firm added just 3m new users since
Stafford Masie, the South African technology entrepreneur behind the Payment Pebble, introduced earlier this year by Absa, will on Monday takes the wraps off a radical new design of the mobile point-of-sale (M-POS) system. Instead of merchants
In recent weeks, I’ve been fortunate to meet a range of really smart South African entrepreneurs who are doing incredibly exciting stuff in the technology space, often with relatively few resources. Despite all the doom and gloom that is our politics, and despite the poor state of
Emerge Mobile, an ambitious start-up based in Umhlanga, north of Durban, has developed a smartphone-based mobile payments system similar to the US solution Square, and has secured certifications from international bodies. It now plans to launch
Technology entrepreneur Stafford Masie spent two-and-a-half years working on the Payment Pebble smartphone payment device before it was unveiled last week by retail banking giant Absa. The device was engineered and built by Masie’s Centurion-based company Thumbzup, which he wants
First National Bank is in final talks with UK-based mPowa, a rival to American firm Square, about using the payments company’s technology to give its clients the ability to accept card payments using mobile phones. mPowa offers a white-label solution that supports multiple
South Africans using Apple and Google Android-based smartphones can look forward to being able to accept credit- and cheque-card payments using their mobile phones from early next month, thanks to a Cape Town-based start-up that is launching a new service called CheqOut next month. CheqOut founder Bradley Elliott says the service will also support