Standard Bank in South Africa introduced a new mobile payments option for merchants called SnapPay — and the bank is still charging merchants a hefty processing fee. There is a hope that direct connections between banks and retailers would help merchants avoid card fees. That is not the case here.Read More
Post Tagged with: "South Africa"
The financial services story in Africa has been dominated in recent years by M-PESA, the Kenyan mobile payments service. But an there’s also a mobile banking story worth noting at First National Bank of South Africa. FNB, as it is called, is doing an impressive 230 million mobile banking transactionsRead More