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.
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.
Visa, the world’s largest payments network, introduced a mobile phone application to enable cashless transactions in Kenya, where the majority of wireless payments are being done through the nation’s biggest
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
ThumbzUp, the local developer of mobile point-of-sale systems available in South Africa through Absa and in Australia through ANZ, is on the verge of signing significant new deals that will take it into
Digital cryptocurrency Bitcoin faces a key year ahead that could seal the fate of its long-term adoption, says South African-born Silicon Valley entrepreneur Vinny Lingham. Lingham first integrated Bitcoin payments into his US-based digital gift
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
Absa will be the first bank in South Africa to implement Visa’s new specification for the use of biometrics with chip card transactions and will develop a proof of concept trial to be launched this summer. The specification can enable palm, voice, iris or facial biometrics, Visa said in a
A second attempt by Vodacom to launch the M-Pesa mobile payments platform in South Africa has flopped. On Monday, the mobile operator conceded that since it relaunched M-Pesa in the