Payments

87% of Magento e-commerce websites at ‘high risk’ from cyber criminals says new report New research has found 87% of SME websites using the Magento platform are currently at high risk from cyber attacks. By contrast, under 10% of websites using other major e-commerce platforms surveyed register in the same …

A consortium led by Apis Growth Fund I, a private equity fund managed by Apis Partners LLP, and Crossfin Technology Holdings, a fintech investment company announced today the acquisition of Sureswipe (Pty) Limited and the formation of Crossfin Transactional Solutions, South Africa’s largest independent payments and merchant acquiring solutions platform …

Venture-backed technology company KOKO Networks has launched its first network of 700 “KOKOpoints” inside neighbourhood shops across Nairobi. KOKOpoints are multi-purpose consumer access machines, combining a fuel ATM, an e-commerce kiosk and an in-store digital media experience. KOKO builds technology for life in the world’s fastest-growing cities. The first consumer …

Westpay, a leading provider of payment solutions, and Micros South Africa (Pty) Ltd have signed an agreement, forming a long-term partnership to bring world-class digital payment services and solutions to hospitality customers across South Africa and surrounding countries. Micros is the leading provider of Hospitality Solutions in the south African …

In a first for the retailer, Shoprite Nigeria was among the winners at this year’s Electronic Payment Incentive Scheme (EPIS) Efficiency Awards. The retailer won in the category Merchants (Point of Sale) for recording the highest volume of cashless transactions in 2018. The EPIS Efficiency Awards celebrate, among others, financial …

With ubiquitous popularity on cashless payment services, AlipayHK has partnered with a plethora of merchants to engage users to harness the convenience of mobile payment. Today AlipayHK has collaborated with McDonald’s Hong Kong to steer profound digital transformation in catering industry – of which AlipayHK users can use the e-wallets …

Jumia, the leading pan-African e-commerce platform, today announced that Mastercard has agreed, subject to certain conditions, to become an investor and form a strategic partnership to grow e-commerce operations and support the digital transformation of the continent. Currently, e-commerce is nascent in Africa and accounts for less than 1% of …

The Shoprite cross-border money remittance product reached the R1 billion mark in January, after just three years of it being implemented between SA and Lesotho. The cost of a transfer of R900 is 2%, which is one of the cheapest cross-border products in the world. A remittance is when a …

South Africa’s latest Consumer Confidence Index (CCI) for the fourth quarter of 2018 shows a two point decrease to 88, presenting a relatively stable, though still slightly negative, quarter on quarter picture for consumer sentiment in South Africa. This is supported by a decrease in the number of South Africans …

Network International, a leading payment solutions provider in the Middle East and Africa (MEA), aims to boost e-commerce acceptance in the region with the launch of a new, multi-million dollar online payment gateway. The gateway is part of Network International’s N-Genius payment platform and has commenced rollout to UAE-based ecommerce …