Sections
south africa
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4.8KFintech InvestmentsSureswipe Acquisition Aims To Cash In On Card Machine Growth
A group of investors has acquired Sureswipe, a South African payments company, for an undisclosed amount. The investors were led by Apis...
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1.4KEarningsMassmart Slashes EPS Forecast, Names Walmart Exec As CEO
With consumers reigning in spending in South Africa, retailer Massmart cuts its earnings per share forecast for the first half of the...
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3.1KInvestmentsNaspers To Create, List New Internet Company To House Tencent Stake
Naspers, the South African company, is gearing up to spin off and list its Amsterdam internet assets in a new group that will...
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6.3KB2B PaymentsPwC Probe Uncovers $7.4B Steinhoff Accounting Fraud
According to Reuters, in what the publication described as the largest corporate scandal in South Africa, corporate auditing firm PwC has uncovered a...
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3.3KFinancial InclusionSasfin And Hello Paisa Team Up For South African Banking Venture
Two South African FinTech companies, Sasfin, a banking group, and Hello Paisa, a money transfer startup, are teaming up to start a...
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8.2KHealthcareATMs For Medicine? That’s One Way Pharmacies Are Going Digital
Pharmacies and the delivery of prescription medication are both undergoing significant change, and much of the credit for that can be directly...
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5.2KB2B PaymentsIndustry 4.0 Pulls South Africa’s SMB Banking Sector Into The Technology Mix
The South African economy has struggled in the last decade. Gross domestic product (GDP) growth has failed to surpass 4 percent, with...
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3.2KRegulationGlobal Leaders Want Global Oversight Of Big Tech
World leaders from countries including Japan, South Africa, China, and Germany said there should be global oversight of the technology industry, underscoring...
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4.1KB2B PaymentsLate Payments Help Sink UK SME Confidence
In the U.K., the twin barrels of Brexit and late payments have helped erode confidence in growth prospects, according to Dun &...
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3.4KB2B PaymentsSouth Africa Government Losing Billions To Trade Mis-Invoicing
Analysts estimate the South African government has lost a total of about $37 billion as a result of misinvoicing in its global...
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5.4KInvestmentsNaspers Invests $300M In South Africa Startups
Naspers has announced that it has created an R1.4bn ($300 million) startup fund to boost the technology sector in South Africa. Naspers...
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2.6KPoint of SaleIn Africa, Yoco Powers SMES Beyond Cash-Based Commerce
In Africa, small to mid-sized enterprises are an engine of the overall economy. As noted on the International Trade Centre’s website, more...
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3.7KBitcoinBitcoin Daily: South Africa Mulls Crypto Tax, Opera Unveils Crypto Wallet For Desktop
Romir Research Holding found that 44 percent of Russians know about virtual money and only 31 percent have an idea of what...
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3.1KGlobal PaymentsTransferTo Teams Up With Stellar; Bunq Unveils Payment Link Service
Welcome to The Axis, your late look at payments news from around the world. Coverage includes TransferTo‘s tie-up with Stellar Development Foundation for cross-border...
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3.3KSafety and SecurityLiberty CEO: Customers Untouched By Recent Cyberattack
Liberty Holdings’ CEO said its customers have not suffered any financial losses so far after the company was hit with a cyberattack...
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2.4KCryptocurrencySouth African Crypto Firm May Have Bilked $80 Million
Count one more (alleged) cryptocurrency scam on the global stage. Reuters reported Friday that in South Africa, an investigation has been opened...
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4.0KBitcoinBitcoin Daily: Bloomberg Reporters Pulled Into Crypto Scam, Norway Considers Central Bank Digital Currency
Bitcoin dropped below the $8,000 level on Wednesday (May 23), MarketWatch reported. The cryptocurrency was $7,522.24 as of 8:03 p.m., according to...
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2.6KSecurity & FraudSouth Africans The Subject Of Another Data Leak
South Africa, following a massive breach in October 2017, suffered another attack, with the personal records of 934,000 South Africans being leaked....
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2.2KEarningsNaspers Sells 2% Stake In Tencent For More Than $10B Windfall
Naspers, the South African media and internet company, is unloading 2 percent of its stake in China’s Tencent, giving it up to...
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5.4KPartnerships / AcquisitionsMastercard Buys Oltio To Bolster Digital Payments
Mastercard announced news on Tuesday (March 6) that it has completed its purchase of Oltio, the mobile payments technology company from Standard Bank...
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7.2KSecurity & FraudCan ‘Healthy Friction’ Help Build Consumer Trust?
Friction isn’t a deal-breaker for mobile banking and payment apps. To be sure, too much friction can send users running back to...
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4.8KBank RegulationBanks Linked to South African Money Laundering Scandal
HSBC and Standard Chartered, the two U.K. banks, are facing a review by the country’s financial regulators and the Serious Fraud Office...
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2.1KSafety and SecuritySouth Africa’s Biggest Data Breach A Mystery
In what may be South Africa’s largest data breach, hackers may have gotten away with extensive personal information, including ID numbers, income,...
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4.4KRetailFinTech Startup Is Toppling Cash King In South Africa With mPOS
In South Africa, where cash still reigns and there are few signs of merchants and consumers moving away from paper and coin payments,...
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3.6KB2B PaymentsSouth Africa’s Business Travelers Flock To Uber
South African business travelers are flocking to sharing economy services like Uber and Airbnb, but business travel policy has so far failed...
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4.1KInternationalNaspers Chairman Pushes Back On Calls To Sell Its Tencent Stake
Faced with calls to break up the eCommerce and Pay TV company and sell its stake in Tecent, the chairman of South...
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4.6KPayment MethodsHan Feng Now Accepts Alipay In U.S.
Alipay, Ant Financial Group’s payment platform, announced Wednesday it had inked a Memorandum of Understanding (MoU) with Han Feng Inc., a food supplier...
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15.2KCashIn South Africa, Cash Is Consumers’ Hands-Down Choice
For South African eTailers, accepting cash is not an ‘if,’ but a ‘must.’ According to the latest PYMNTS Global Cash Index™ South...
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11.7KCashNEW REPORT: In South Africa, Cash Is Still Right On The Money
When it comes to smartphone penetration in Africa, South Africa leads the way. Yet mobile payments are failing to catch on. In...
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2.8KToday In DataToday in Data: Rev The Launch Engines
In the tech world, launches are happening every day. From product releases to new companies and merger announcements, improvements are constantly being...
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4.1KPayment MethodsACI Worldwide Launches Alipay In South Africa
ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, announced the launch of Alipay in South Africa, via...
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3.8KPartnerships / AcquisitionsCardtronics Closes On Its Acquisition Of Spark ATM Systems
Cardtronics announced Tuesday (Jan. 31) it has closed on its acquisition of Spark ATM Systems, a move the company said marks its...
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5.2KPartnerships / AcquisitionsMasterpass And SnapScan Team In South Africa
Mastercard announced last week that people in South Africa can now use Masterpass, the digital payments service by Mastercard, for purchases at...
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3.4KInternationalPeach Payments Takes On FinTech Expansion In Africa
South African FinTech Peach Payments announced on Wednesday (Oct. 5) plans to expand its business to Kenya and Nigeria. The three-year-old startup,...
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2.8KMobile PaymentsMTN South Africa Is Canceling Mobile Money Platform
Taking a page from competitor Vodacom South Africa, MTN South Africa is canceling its mobile payments platform, Mobile Money. According to a...
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6.4KInternationalUber Drivers In South Africa At Risk When Accepting Cash Payment
Uber, aiming to target the unbanked in South Africa, has rolled out a new service that lets riders pay for trips in...
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3.4KFinancial InclusionFirst National Bank Of South Africa Sets Up Business In Shipping Container
Shipping containers are large enough to be more than a means to get products from Point A to Point B. It turns...
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Starbucks Plans For 150 South Africa Shops
The response to the first Starbucks location in South Africa has compelled the company to scale up its expansion plans — by...
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1.7KB2B PaymentsSouth Africa To Operate Online Portal for Government Suppliers
South African small- and medium-sized enterprises will now more easily gain access to government procurement opportunities thanks to a new initiative that...
