8 Results from 2022
Donica Venter
Fintech has influenced both the banking and payments sector, but also the overall economic growth across many countries. Fintechs have harnessed the power of the internet, together with user-friendly smartphones to bring simplified access to financial services directly to the customer, with just the tap of a button. While fintech firms seem to be ...
22 November 2022 /payments /retail Fintech
As advancing tech is released, consumer demand often shifts, and this is why innovation when it comes to payments is so critical. During the COVID-19 Pandemic, tap or scan-to-pay solutions became incredibly popular, and have continued to grow. Physical cash is slowly but surely becoming a ghost of the past. As it stands, contactless payments accou...
21 October 2022 /payments /retail Fintech
Most of us take our daily access to financial services for granted. Imagine living without access to a bank account, a loan or an investment product. That’s the reality for 1.7 billion people throughout the world. According to a study by the British research platform Merchant Machine, Morocco, Vietnam, Egypt, the Philippines and Mexico are the top...
28 September 2022 /payments /inclusion Financial Inclusion
There’s a massive consumer card opportunity when it comes to cashback and loyalty schemes. While corporate card programs have fallen short in recent years, cashback and loyalty programs that target individuals using their debit cards are thriving. But why is this? If we rewind to just a few years ago, loyalty schemes looked vastly different. From ...
24 August 2022 /payments /retail Digital Banking
Traditional brick and mortar banks are slowly but surely becoming a thing of the past. Even before the pandemic, physical branches have been disappearing from our streets at a frightening pace. “We know that the future of banking is digital,” says Jan Ludik, CEO of Traderoot. The trend of physical bank closures has largely been driven by the rapid...
13 July 2022 /retail /predictions Banking Strategy, Digital and Transformation
As the banking industry continues to develop, open banking is becoming increasingly popular as it allows consumers to enjoy faster, cheaper and more personalised banking solutions. The fintech industry needs to recognise that open banking is a major source of innovation and is set to revolutionise the banking industry. What is open banking? Open b...
24 June 2022 /payments /retail Open Banking
Technology has changed at an astounding pace over the two few years, especially for the payments industry. The Covid-19 pandemic accelerated the development of payment solutions far beyond what anyone could have expected. Omnichannel payments are changing the way businesses interact with customers, and the way customers interact with businesses. W...
09 June 2022 /payments /markets The Payments Business
Historically, large banking institutions have always been somewhat on the back foot when it comes to innovation, holding off on innovation to see what is successful within smaller institutions or companies. Only once proven successful, deciding to roll out the new innovative feature or tech to their massive customer base. This strategy, however, i...
30 May 2022 /payments /inclusion Fintech
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