masterpass
Ukheshe to Acquire Digital Payments Platform, Oltio
Ukheshe has entered into an agreement to acquire Oltio, a digital payments platform that supports Masterpass – Mastercard’s QR payment service in South Africa with more than 300,000 merchants and billers. The use of QR codes in South Africa provides merchants of all sizes – from large retailers chains to individual shop owners and street vendors – a fast, secure and inexpensive way to accept payments. This deal is expected to strengthen Ukheshe’s partnership with Mastercard – combining its ability to solve local market pain points with Mastercard’s global scale, technology and payment expertise. Ukheshe will continue to provide the same support to the banks and other service providers that currently offer Masterpass, ensuring business continuity with no impact to consumer...
FNB Introduces QR Code Payments to all Speedpoint Devices
Sourced from Htxt.Africa FNB has revealed that shoppers across South Africa will now be able to make QR code payments at all standalone sale terminals. The bank says that this forms part of the ongoing expansion of its payments ecosystem and integrated App-based QR code, aimed at accelerating the adoption of digital payment solutions in the country. FNB Merchant Services CEO, Thokozani Dlamini says given the challenges we are currently facing globally due to the COVID -19 pandemic, it was essential that FNB fast-track the rollout of QR code payments for enhanced convenience and safety. “Added to the cost-effective, convenient and efficient payment process of contactless payments, both consumers and merchants will have peace of mind from a safety perspective, as physical contact will be lim...
