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News Updates:

Payments, Crypto & Trading

 

Payments & Crypto Services / 31-01-25 / Daniel Nkosi

Getting Smart with Crypto: What every South African consumer should know

To protect consumers, the FSCA has taken steps by licensing Crypto Asset Service Providers (CASPs) and holding them accountable for the financial advice and services they provide related to crypto assets; and as of December 2024, the FSCA had…

Payments & Crypto Services / 10-01-25 / Duty Editor

The easy way to safely borrow the money you need

“Without protection by credit laws, borrowers from informal lenders often feel trapped, with little control over their finances and paying back these loans can be challenging, and this often leads to long-term financial difficulties, making…

Payments & Crypto Services / 11-12-24 / Jane Khumalo

Mastercard Move and BCP Group join forces to enhance cross-border payments

"At Mastercard, we are committed to building a prosperous digital economy where everyone can thrive. Our latest collaboration with BCP perfectly aligns with our mission to provide our customers with innovative payment solutions that meet the…

Payments & Crypto Services / 05-12-24 / Shelly Nxumalo

dLocal and Spreedly strengthen partnership to expand global payment access

"By streamlining payment processes, we enable Spreedly's customers to offer local payment options with minimal effort. We're excited to strengthen this collaboration and help Spreedly gain further traction in these regions by offering the payment…

Payments & Crypto Services / 28-11-24 / Jane Khumalo

Standard Bank launches real-time PayShap requests for corporates

"PayShap Request represents a new era of efficiency and inclusivity in the financial services industry. By co-creating this service with our clients, we have ensured it not only meets their needs but also fosters financial inclusion and reduces…

Payments & Crypto Services / 26-11-24 / Daniel Nkosi

FNB forecasts growth in Black Friday and Cyber Monday spend

“As we approach Black Friday, we are witnessing a convergence of factors that point towards a vibrant shopping season. Digital wallet usage is projected to surge by over 40% year-on-year, reflecting the broader trend of digital adoption among…

Payments & Crypto Services / 20-11-24 / Garith Peck

Garith Peck | Navigating the rise of social engineering and phishing

"Phishing and social engineering may seem like familiar threats, but they have grown increasingly sophisticated. Phishing typically involves cybercriminals impersonating trusted entities - such as banks, retailers, or colleagues - to trick victims…

Payments & Crypto Services / 15-11-24 / Shelly Nxumalo

Lesaka gets green light to launch Employee Share Ownership Plan

“We are very proud of the launch of our broad-based employee share ownership plan. Lesaka has been on a far-reaching transformation journey and our employees becoming shareholders is a significant and an important milestone for us.” says Lincoln…

Payments & Crypto Services / 24-10-24 / Rufaida Hamilton

Rufaida Hamilton | The role of AI in detecting, monitoring, and preventing payment fraud

"While it’s not new to banking – having been used for forecasting, personalizing offerings, and risk mitigation – its most significant potential lies in fraud detection and prevention. AI has already enhanced data anomaly detection, sped up…

Payments & Crypto Services / 17-10-24 / Briana Marbury

Open payments – a catalyst for African innovation – with the right collaboration

"Any well-designed, collaborative network must include central banks, governments, regional economic communities, the private sector, and should not neglect other vital stakeholders such as NGOs and academia," says Briana Marbury, Interledger…

Payments & Crypto Services / 14-10-24 / Shelly Nxumalo

Overcoming inertia around digital currencies could boost banking innovation

"Our work with banks takes us deep into the core space including ledgering and payments integration. We expected there to be a flurry of activity around putting better settlement rails in place using blockchain technologies or latching onto…

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