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Traditional banks missing opportunities to compete with newcomers

Traditional banks missing opportunities to compete with newcomers

by Dianne Bayley | Feb 7, 2023 | Innovation

The combination of fintechs, retailers and telcos pivoting to find new lines of revenues, as well as the growing impact of open banking practices, should have made it clear to banks that they can’t adopt a business as usual approach, writes Chris Wood Regional...
Payment ecosystem must find commercial carrot to move away from cash

Payment ecosystem must find commercial carrot to move away from cash

by Dianne Bayley | Aug 25, 2022 | Security and Legal

The South African payment ecosystem will need to increase cooperation if it hopes to reduce the country’s over-reliance on cash. And, while the regulator still has a big part to play in the solution, flipping the way payments are generally incentivised in favour of...
Why banks and suppliers must accelerate transition to virtual payments

Why banks and suppliers must accelerate transition to virtual payments

by Dianne Bayley | Nov 1, 2020 | Fintech

Virtual cards are steadily gaining popularity as the payment method of choice for growing numbers of corporates across South Africa and globally, writes Chris Wood, Executive Card Issuing and Payments at Nedbank including American Express. These innovative digital...
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