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Discover all the payments and fintech-related news and analysis about South Africa in The Paypers News, Reports, along with other South Africa-specific insights on the payments and fintech industry:

Discover all the payments and fintech-related news and analysis about South Africa in The Paypers News, Reports, along with other

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Ukheshe Technologies, Infobip partner to create South Africa's first WhatsApp payment gateway

News | Mobile Payments | 16 Mar 2021

Digital fintech enablement provider Ukheshe Technologies and telco Infobip, have developed South Africa’s very first WhatsApp payment gateway.

WhatsApp, payment gateway, mobile payments, e-wallet, QR code

Apple Pay launches in South Africa

News | Mobile Payments | 31 Mar 2021

Apple has launched its contactless payment service, Apple Pay, in South Africa.

Apple Pay, online payments, mobile payments

Deutsche Bank sanctioned by South African Reserve Bank over compliance weaknesses

News | Digital Identity, Security & Online Fraud | 05 Apr 2021

The South African Reserve Bank (SARB) has imposed administrative sanctions on Deutsche Bank in Johannesburg.

money laundering, financial crime, compliance, central bank

Mastercard, MTN partner to enable global ecommerce payments across Africa

News | Mobile Payments | 17 Feb 2021

Mastercard has announced a strategic partnership with South-Africa based telco MTN to enable consumers in 16 countries across Africa to make ecommerce payments globally.

MasterCard, MTN, partnership, e-wallet, mobile payments, online payments

South Africa rolls out second CBDC trial

News | Cryptocurrencies | 17 Feb 2021

South Africa has announced Project Khokha 2 to explore the use of both a wholesale central bank digital currency (CBDC) and a wholesale settlement token, for interbank use.

Project Khokha, CBDC, blockchain, Corda, R3, stablecoin, Token

South Africa-based Mama Money grows 500% during the pandemic

News | Payments General | 16 Feb 2021

South Africa-based money transfer fintech company Mama Money has observed growth of over 500% in volumes during 2020, according to the official press release. 

South Africa, Mama Money, fintech, cross-border payments, money transfer, remittance

Planet Fitness employs Bitventure payment and onboarding technologies

News | Online Payments | 15 Feb 2021

Planet Fitness gym group has announced that they have adopted smart payment collection technologies powered by Bitventure, a payment, verification, and onboarding solutions specialist.

Bitvenure, payment technology, customer onboarding, smart pos, online payments, merchants

Sokin, Mastercard partner in South Asia to expand fixed-price payments service

News | Payments General | 29 Jan 2021

Sokin has partnered with Mastercard in South Asia to provide its fixed-price payment services in India, Sri Lanka, Bangladesh, Nepal, and the Maldives.

Sokin, MasterCard, business partnership, South Asia, international money transfers, consumers onboarding, instant payments

Spot Money launches Open Banking offering

News | Online & Mobile Banking | 28 Jan 2021

Spot Money has launched South Africa’s first Open Banking offering.

Spot Money, Open Banking, payments

Synthesis launches tap-on-phone contactless payment solution

News | Mobile Payments | 26 Jan 2021

South Africa-based software and consulting company Synthesis has announced the launch of Halo, a tap-on-phone contactless payment solution. 

Synthesis, product launch, South Africa, Africa, contactless payments, tap-on-phone, card payments, online payments, merchants, Nedbank, Visa and MasterCard

Huawei unveils its mobile payment service in Africa, in collaboration with Zapper

News | Mobile Payments | 11 Jan 2021

Huawei has revealed its new mobile payment service – known as Huawei Pay – working together with Zapper, TechInAfrica reports.

Huawei, Zapper, partnership, Huawei Pay, mobile payments, Southern Africa, bank cards, debit cards, credit cards, authentication, digital wallet

PayCentral, Mastercard to digitise SMEs payment solutions in South Africa

News | Cards | 15 Dec 2020

PayCentral, a digital payment fintech, has partnered with Mastercard to launch an online platform DigiCentral.

PayCentral, fintech, virtual card, South Arica, payments , SMEs, digitalisation, MasterCard, product launch

TymeBank, IDEMIA work together for security in customer card issuance

News | Cards | 11 Dec 2020

TymeBank and IDEMIA have unveiled they are working together to provide customers with dual interface chip cards in a secure and convenient manner.

TymeBank, IDEMIA, partnership, security, card issuance, South Africa, product launch, bank cards, EMV cards, identity verification, fraud

Telkom launches carrier billing option for Apple purchases

News | Mobile Payments | 04 Dec 2020

Telkom has revealed that its customers will now be able to pay for Apple content and services via carrier billing, directly from their mobile phone account.

Telkom, Apple, South Africa, Africa, carrier billing, mobile payments, postpaid, prepaid

Telkom launches the WhatsApp-based digital wallet Telkom Pay

News | Mobile Payments | 02 Dec 2020

South Africa-based telco Telkom has launched a digital wallet that allows users to make peer-to-peer payments using their mobile phone and WhatsApp.

Telkom, WhatsApp, South Africa, Africa, product launch, e-wallet, digital wallet, mobile wallet, mobile payments

Curo Fund Services goes live with SmartStream's Post Trade Processing solution

News | Payments General | 02 Dec 2020

Financial Transaction Lifecycle Management (TLM) solutions provider SmartStream Technologies has announced that Curo Fund Services has gone live with SmartStream TLM Aurora Trade Process Control.

Curo Fund Services, SmartStream, Post Trade Processing, South Africa, financial, Transaction Lifecycle Management, TLM, Aurora Trade Process Control

Discovery Bank introduces virtual cards and contactless payment service Discovery Pay

News | Mobile Payments | 30 Nov 2020

South Africa-based Discovery Bank has introduced virtual cards and the Discovery Pay contactless payment service.

Discovery Bank, product launch, South Africa, Africa, virtual cards, Discovery Pay, contactless payments, online purchases, P2P payments

South African authorities warn about risks associated with EFT payments

News | Digital Identity, Security & Online Fraud | 27 Nov 2020

The South African Reserve Bank (SARB) has issued a warning to consumers to be aware of the risks associated with the use of instant electronic funds transfer (EFT) payment services offered at ecommerce stores.

South Africa, EFT payments, online payments, ecommerce, security, online fraud, screen scraping

Capitec launches QR code scanning feature

News | Mobile Payments | 25 Nov 2020

South Africa-based digital bank Capitec has launched a QR code payment feature in its new app.

Capitec, South Africa, Africa, QR code, mobile payments, payments app, SnapScan, Zapper

South Africa-based FNB changes online payment approvals

News | Online & Mobile Banking | 16 Nov 2020

First National Bank (FNB) has decided to change the way customers approve their online payments, in a bid to the make the process more secure and reduce instances of fraud.

FNB, South Africa, online payments, First National Bank, fraud, OTP, mobile banking, app