DataMesh Group, an Australian innovator in payment technology, has announced a new initiative with Visa, the world leader in digital payments, to enhance card-acceptance payment processing experiences for merchants, acquirers, and consumers. The cooperation will leverage DataMesh’s Unify platform, which offers customisable payment solutions significantly beyond the traditional “one-size-fits-all” approach that exists in the market today. Unify enables businesses across various industries, such as retail, convenience, fuel, hospitality, transportation and more, to tailor the payment process and ..read more

PayU GPO, a leading South African financial services and payment service provider, is proud to announce its Absa Award win in the category: Best Payment Solution. The prestigious award showcases PayU GPO’s market leading and comprehensive suite of payment solutions tailored for the South African market and beyond. The category celebrates the Fintech company that has pushed the boundaries of possibility with a game-changing payment innovation, redefining the way people and businesses conduct financial transactions. In an era where payment versatility is as critical as the service or product off ..read more

In the ever-evolving landscape of the payments industry, the pivotal role of payment aggregators has become increasingly crucial. Banking channels and platforms are experiencing exponential growth, telcos are emerging as prominent players, retailers are maintaining their leading position, and fintechs are innovating and disrupting all the time. In essence, the digital revolution continues at apace however to be a fully-fledged bill payments service provider access to retailer channels is extremely necessary as “cash is still king”. The demand for efficient and adaptable payment solutions has n ..read more

South African face biometrics leader iiDENTIFii has announced that local cybersecurity provider CYBER1 Solutions, will represent their award-winning solution in South Africa. CEO of iiDENTIFii, Gur Geva, says, “We’re thrilled about the increased momentum our platform is gaining in the region through this strategic move. Collaboratively, we aim to provide a greater number of businesses with robust identity verification solutions, safeguarding both themselves and their customers from the escalating risk of cybercrime.” Securing and verifying digital identity is a major area of focus within the t ..read more

A strategic campaign to drive the payments discussion forward in Africa Crown Agents Bank, the specialist provider of foreign exchange (FX) and cross-border payments for hard-to-reach markets, and Invest Africa, a leading platform for business and investment opportunities in Africa, today announces a new collaboration, ‘The Payments Exchange’. The campaign will drive new insight and understanding around the role of FX and payments in the economic transformation of Africa. It will also comprise a programme of events and content across 2024, that explores the integral role that payments and FX w ..read more

Fintech company, iKhokha has this week opened their first Pietermaritzburg retail store, where their point-of-sale devices can be purchased and where merchants can access support, networking opportunities and other business enhancement tools. Since launching in 2012, iKhokha has become one of the market leaders in the South African SME payments space, and have developed a deep understanding about the complexities and challenges that small business faces in South Africa. As part of their growth strategy, iKhokha embarked on a journey to learn more about what their merchants in communities reall ..read more

Data is the new gold in today’s hyperconnected market, and the threat landscape for Chief Financial Officers (CFOs) is evolving faster than ever. Cybercriminals are becoming increasingly sophisticated in their deviance, employing a dizzying array of tactics to infiltrate and exploit vulnerabilities within financial systems. To navigate this minefield of financial fraud and protect their organisations, CFOs must shed outdated misconceptions and embrace the role of cyber-resilient leaders, says Ryan Mer, CEO of eftsure, a Know Your Payee (KYP) and B2B payment fraud prevention platform provider ..read more

By Wayne Steppe, Enterprise Architect & Bernard van Der Merwe, Information Security Officer at Ecentric Payment Systems While the majority of people may not think twice about how they pay for their goods, ever-evolving retail payments, both in person and virtually, keep many CIOs awake at night worrying about where the next attack will come from and how best to mitigate against it. Retailers have no choice but to keep pace with rapidly evolving tender types that bring with them massive cost and complexity considerations and most importantly, added security and compliance risk. While this i ..read more

International Conference of Banking Supervisors endorses the revised Core principles for effective banking supervision. Basel Committee agrees to consult on guidelines for strengthening banks’ counterparty credit risk management. Agrees to publish an analytical report on the digitalisation of finance. Over 220 central bankers and banking supervisors representing more than 90 jurisdictions met on 24-25 April in Basel for the 23rd International Conference of Banking Supervisors (ICBS). The ICBS included a programme to celebrate the 50th anniversary of the Committee. Delegates took the opportun ..read more

Standard Chartered Kenya has today announced the launch of its first Sustainable Account in Africa, in response to growing momentum in the sustainable finance arena. Aligned to Standard Chartered’s commitment to enhance access to sustainable finance, the Sustainable Account provides clients an opportunity to participate in sustainable development by having surplus cash referenced against Standard Chartered’s sustainable loans and projects. Kenya became the first African market to adopt the new solution following its launch in the United Kingdom, the United Arab Emirates, Singapore, China and m ..read more