Bloomberg View: Banking’s rocky future as China, UK mull official “Bitcoin”
With China, the UK and other countries looking at how to digitise their currencies into their own official versions of “Bitcoin” there’s an inevitability around all this.
Payment systems
Nedbank continues to innovate with new ‘order ahead’ mobile digital payment solution
Working with Ovations, Nedbank has created the order ahead solution to allow customers to order items from an application hosted on their smart device or from a browser, and then collect the item later.
OUTA launches new defiance campaign after e-Toller offers 60% debt discount
Anti e-toll group Outa has launched a new “e-toll defensive umbrella campaign” to provide legal support to members summonsed for non-payment of e-toll fees.
5 ways digital currencies will change the world
Digital money can potentially expand international commerce, support financial inclusion, and transform how we shop
Post Office shooting itself in the foot as strike prompts e-billing, outsourcing
More municipalities are sending out electronic accounts to clients as the three-month post office strike continues, the SABC reported on Tuesday.
Vodacom targets 10m banking customers in second try with M-Pesa
By Bonnie Tubbs, Telecoms editor at ITWeb: From acquiring one million users over four years, to signing up 10 million users in five – this is the turnaround Vodacom is hoping for, as it tries for the second time to get its M-Pesa mobile money service off the ground in SA. But, is Vodacom’s ambition of having about a … Read more
PayPal signs “tens of thousands” customers in Nigerian launch
By Chijioke Ohuocha LAGOS (Reuters) – PayPal has signed up “tens of thousand” of Nigerians in its first week of operating in Africa’s biggest economy, with consumers already purchasing items from Britain, China and the United States via its online platform, a company official said. E-commerce remains in its infancy in most of Africa but … Read more
SA banker’s nightmare – Pick n Pay, MTN attacking their high profit business
My first engagement with Richard van Rensburg was in the dot com heyday when he was charged by Datatec and Wooltru to run a business called Affinity Logic. That was ahead of its time, as was now Pick n Pay chairman, then joint CEO Gareth Ackerman’s drive into financial services in 1997 with Go Banking. But … Read more
Visa pushes for more access to barely-tapped Ethiopia
By Richard Lough ADDIS ABABA (Reuters) – Visa Inc., which is piloting Ethiopia’s first international debit card, is seeking to persuade the government to ease tight restrictions on banks in an effort to boost the use of electronic payments. Ethiopia has one of Africa’s fastest-growing economies but few people in the Horn of Africa nation … Read more
How to avoid being scammed at the ATM
An acquaintance of mine had his bank card and pin number stolen at a restaurant in Cape Town. He’s not sure how it happened – collusion by the restaurant staff or a sophisticated technological effort by outsiders – but his pin and card number were nicked. When he woke up in the morning, his phone … Read more