Ozow evolving beyond pay-by-bank services
Ozow, a major instant EFT systems provider in South Africa, announced a major evolution in 2026: transitioning from a pay-by-bank provider into a unified, end-to-end payments platform for businesses.
Ozow interim chief executive officer Rachel Cowan...
Payment giant Pay@ will now become 100% Proudly South African
South Africa's Competition Commission announced the approval of the R1 billion acquisition of major payment platform Pay@ by South African fintech group Araxi, through its African Resonance arm.
Pay@ looks set to become 100% South...
City of Joburg payments and billing system in dire straits
The City of Johannesburg's billing and payment systems are on the brink of collapse, which could impact more than 1.5 million accounts and lead to widespread confusion for ratepayers.
The metro's e-billing system went offline in late...
Digital wallets surging in SA
South Africans are increasingly using digital wallets on their phones and wearables for payments instead of cards, according to independent research and feedback from the country's major banks.
South African fintech Stitch has found that 70% of South Africans used...
From nightclub owner to successful tech entrepeneur
Had it not been for Matt Putman’s poor experience with a major bank’s card payment product while co-owning a nightclub during his university years, he might never have co-founded iKhokha.
“I had been involved in a nightclub as a part-time...
Does anyone know which of the payment providers' devices work with only an Ethernet or Wi-Fi uplink?
I need to be able to accept card payments outside of mobile network coverage. So there's only Ethernet available, from Satellite or WISPs.
Stripe is now the most valuable US payments startup
Stripe Inc.’s valuation almost tripled in less than a year to $95 billion with its latest funding round, making it the most valuable U.S. startup.
The online payments processing company drew $600 million in its latest fundraising, Stripe said...
https://techcrunch.com/2020/06/15/whatsapp-finally-launches-payments-starting-in-brazil/
Brazil is the first country where Facebook is widely rolling out payments in WhatsApp. The feature comes as a build up on Facebook Pay
How South Africans will make payments in 10 years
The way people around the world pay for goods and services is constantly evolving, although it is not certain which route consumers will choose.
There has been a global migration away from cash to bank cards and mobile payments, although this...
I am trying to find out about the merchant services space in SA and the emergence of companies like YOCO?
-do banks (FNB/ STD) provide their own merchant services or are they all outsourced with companies like fastnet?
-do banks have smart pos functionality to offer
-who processes the payments...
I need some advice regarding a trade in.
We currently have taken over the installments of a vehicle privately. The current owner has given us permission to use the current vehicle we have as a trade in to secure a new vehicle however there is a shortfall between trade in value and settlement...