Articles with tag: south africa

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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

Ukheshe, Mastercard's Accelerate programme participant in South Africa, set to acquire Oltio

News | Online & Mobile Banking | 20 Nov 2020

South Africa-based Ukheshe, a digital fintech platform provider, has announced it has entered into an agreement to acquire Oltio.

Ukheshe, Oltio, Masterpass, Mastercard, QR, South Africa, cards, mobile payments, partnership,

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

South African Revenue Service to discontinue use of cheques from 2021

News | Online Payments | 13 Nov 2020

The South African Revenue Service (SARS) has announced it will discontinue the use of cheques from 2021.

SARS, The South African Revenue Service, cheque, contactless payments, South Africa, payments, EFT, ABSA, Capitec, FNB, Nedbank, Standard Bank

Payment24, Mastercard to offer secure payments for fleet operators

News | Digital Identity, Security & Online Fraud | 12 Nov 2020

Mastercard has announced a partnership with South Africa-based fuel payment fintech Payment24, to help fleet management companies streamline payments and prevent fraud.

Payment24, Mastercard, partnership, fraud prevention, secure transaction, fleet operator payments, fuel payments, online payments, card payments, fleet management, South Africa, Africa

Standard Bank, Mastercard, Google to help SMEs open their digital doors in South Africa

News | Online Payments | 22 Oct 2020

Standard Bank, Mastercard, and Google have teamed up to help SMEs in South Africa move their businesses online, accept digital payments, and attract more customers.

Standard Bank, Mastercard, Google, South Africa, SMEs, payment digitalisation, ecommerce, Google Ads, online sales

South African mobile payments provider Zapper ends collaboration with Masterpass

News | Mobile Payments | 08 Oct 2020

South Africa-based Zapper, a mobile payments, loyalty, and rewards platform, has stopped their interoperability agreement with Masterpass.

Zapper, Masterpass, South Africa, mobile payments, interoperability agreement, Mastercard, FNB, QR code

Mukuru, WorldRemit partner to further expand remittance service in South Africa

News | Mobile Payments | 05 Oct 2020

Mukuru and WorldRemit have announced a deepening of their existing partnership to expand their collaboration for cash remittances into Zambia, South Africa.

Mukuru, WorldRemit, cash remittances, Zambia, South Africa, mobile wallets

Ozow launches new payment tools in South Africa

News | Mobile Payments | 10 Sep 2020

South Africa-based digital payments company Ozow has launched a series of new payment platforms to simplify payments for consumers and merchants.

Ozow, Ozow PIN, EFT payments, Ozow Revolution, online payments, South Africa, QR payments, Africa, mobile payments,

TransUnion research shows that fraudsters decrease online schemes against companies

News | Digital Identity, Security & Online Fraud | 26 Aug 2020

TransUnion has revealed that fraudsters are decreasing their schemes against businesses, while COVID-19 scams against consumers are increasing. 

TransUnion, research, fraudsters, COVID-19, scams, fraud prevention solution, IDVision, iovation, fraudulent digital transactions, digital fraud, ecommerce, Kazakhstan, Greece, Cyprus, US, Canada, Colombia, Hong Kong, South Africa, UK, Gen Z, phishing, Baby Boomers, phishing scams

Buguroo teams up with Puleng Technologies

News | Digital Identity, Security & Online Fraud | 18 Aug 2020

Buguroo and Puleng Technologies have partnered aiming to reduce the impact of online bank fraud in South Africa. 

Buguroo, partnership, Puleng Technologies, SA, banking, online, online fraud, fraud, online bank, banks, South Africa, South African Banking Risk Information Centre, SABRIC, fraud, mobile bank, COVID-19, coronavirus, pandemic, Account Takeover, ATO, biometrics, bugFraud

Etsy expands its payments services to seven new markets

News | Ecommerce | 06 Aug 2020

US-based ecommerce website Etsy has launched its payments platform in Israel, Malaysia, Mexico, Morocco, South Africa, Turkey, and the Philippines.

Etsy, ecommerce, launch, payments platform, Israel, Malaysia, Mexico, Morocco, South Africa, Turkey, Philippines, Etsy Payments, multiple payment options, payment methods, Apple Pay, Google Pay, PayPal, Etsy Gift Cards, credit card, Etsy Seller Protection Policy

Visa launches Click to Pay in South Africa

News | Online Payments | 10 Jul 2020

Visa has launched its Click to Pay online payment solution in South Africa to facilitate the digital checkout process.

Visa, Click to Pay, South Africa, online payments, digital checkout, Visa card, ecommerce, authentication methods, EMV Secure Remote Commerce, ecommerce transactions, checkout purchases, card details, online merchant, cart abandonment, tokenization

Tradeshift and Raindew Trade launch a coronavirus Instant Supplier Payment Scheme

News | E-invoicing, SCF & E-procurement | 10 Jul 2020

Raindew Trade and Tradeshift, have launched a USD 1.5 billion COVID-19 Instant Supplier Payment Scheme (‘WePayNow Initiative’) in South Africa and selected African markets.

Tradeshift, Raindew Trade, COVID-19, coronavirus, SCF, supply chain finance, Africa, Instant Supplier Payment Scheme, WePayNow Initiative, South Africa, Denmark, Export Credit Agency, digitisation, digital, payments

Interview with Karen Nadasen of Ecommerce Forum South Africa and PayU on the pain points and growth opportunities of South Africa's ecommerce market

Interviews | Ecommerce | 06 Jul 2020

‘Ecommerce is not in competition to bricks and mortar retail, but an additional tool for retailers to use to sell their products and to improve their customer experiences. Retailers that refuse to recognise this “new normal” will fail.’

Karen Nadasen, PayU South Africa, PayU, ecommerce, Ecommerce Forum South Africa, South Africa, credit cards, retail microfinance, financial inclusion,

SA-based Mama Money, Western Union partner, as remittance sector recovers

News | Payments General | 30 Jun 2020

South Africa-based money transfer company Mama Money has partnered with Western Union, as the remittance sector recovers after COVID-19.

Mama Money, Western Union, partnership, South Africa, remittance, cross-border payments, fintech, money transfer, COVID-19, mobile app, Africa, Asia, Europe

Visa aims at helping 50 mln SMBs

News | Payments General | 23 Jun 2020

Visa has announced it will offer a range of services to 50 million SMBs to help them grow, build their online footprints, and promote neighbourhood support. 

Visa, SMBs, digital, Visa Foundation, COVID-19, coronavirus, Visa Economic Empowerment Institute, digital payments, digital, payments, Europe, IFundWomen, partnership, US, POS, Singapore, Italy, South Africa, Visa Back to Business Project, Australia, New Zealand

PostaBank replaces 12 mln bankcards after data breach

News | Digital Identity, Security & Online Fraud | 23 Jun 2020

South Africa-based Postbank has suffered a data breach, forcing the institution to replace 12 million bankcards after rogue employees stole its 36-digit master key.

South Africa, PostBank, banks, cards, security, data, fraud, Reserve Bank, transactions

Mastercard, Netcash roll out QR billing service for SMEs

News | Payments General | 11 Jun 2020

South Africa based PSP Netcash has partnered with Mastercard to introduce QR payments across its multi-channel billing platform.

NetCash, Mastercard, ATM PIN, merchants, partnership, card payments, digital wallet, South Africa, Zapper, QR payments, billing platform, PSP