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  • Singapore’s New QR Code Means Boost For Mobile Payments

    Singapore’s New QR Code Means Boost For Mobile Payments


    2018-09-24 [ Industry News ]


    Quick response (QR) codes have been part of the mobile payments landscape for a long time now, and with good reason. QR codes make an excellent user interface, and allow businesses an easier way to incorporate mobile payments into their operations. There’s been something of an issue in lack of standardization, though, and that’s a point that the Singapore Quick Response Code (SGQR) system is looking to help with.The SGQR, a development of a task force populated by elements of the Monetary Authority of Singapore and the Infocomm Media Development Authority, is now available in the country and r......

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  • Mastercard and Nedbank Create Digital Payment Ecosystem for Businesses

    Mastercard and Nedbank Create Digital Payment Ecosystem for Businesses


    2018-09-18 [ Industry News ]


    Nedbank has partnered with Mastercard to launch Qkr! with Masterpass, a mobile order-ahead and payment platform developed by Mastercard Labs, and Nedbank POSplus™ as part of their efforts to open up new revenue channels for merchants and enable them to meet the demand of today’s connected shopper.The new Nedbank POSplus™ and Qkr! (pronounced Quicker) offerings were officially launched last Friday. According to Dayalan Govender, Managing Executive: Card, Payments and Transactional for Nedbank Retail and Business Banking, they epitomise Nedbank’s commitment to delivering value-adding payment sol......

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  • African Mobile Payments, Other Online Security Capacity Varies Wildly

    African Mobile Payments, Other Online Security Capacity Varies Wildly


    2018-09-17 [ Industry News ]


    Issues of cybersecurity, according to the Africa Cybersecurity Report 2017, cost Africa better than $3.5 billion annually. Given that Africa’s entire nominal GDP is $2.19 trillion, this is actually a fairly bigger problem than some might expect. Granted, it’s not a whole-number percentage of the total, but it’s not too far away. Some countries in the region, though, are serving as examples to others, as an IDG report sent our way detailed the best and the worst cybercrime fighters in Africa.The current leader, the report notes, is tiny Mauritius, with just 1.2 million people to its credit. It’......

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  • A Closer Look At Biometrics And Mobile Payment Security

    A Closer Look At Biometrics And Mobile Payment Security


    2018-09-17 [ Industry News ]


    We’ve heard plenty about mobile payments security, and about biometrics as perhaps the ultimate tool to make our mobile payments mechanisms safer. It would be easy to believe that biometrics represent the safest tool we’ve seen yet, but a new report from Paygilant suggests that it’s not all sunshine and roses in the biometrics front.Make no mistake, biometrics are catching on and in a pretty big way. The mobile biometrics market, based on projections from MarketsandMarkets, is set to grow from $4.03 billion in 2015 to $9.33 billion by 2022. That’s a compound annual growth rate of 29.3 percent,......

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  • In Africa, Yoco Powers SMES Beyond Cash-Based Commerce

    In Africa, Yoco Powers SMES Beyond Cash-Based Commerce


    2018-09-12 [ Industry News ]


    In Africa, small to mid-sized enterprises are an engine of the overall economy.As noted on the International Trade Centre’s website, more than 70 percent of Africans work for small firms with fewer than 20 employees. With expanded payments options, these merchants can more nimbly serve their customers, capturing commerce and top-line growth.To that end, payments services provider Yoco (a truncated version of “your commerce”) said last week that it raised the equivalent of more than $16 million, and the money will be earmarked for the company’s point-of-sale (POS) solution aimed at small t......

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