While the US, and many other nations around the world, struggle to find justification for EMV cards and the use of Chip and PIN devices, Europe is steaming ahead beyond the realms of the standard PIN and into facial recognition. Just face it, your face could be your next pin
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An estimated $8bn of cash deposits are made every year by 13-million adults who are unbanked in SA. This despite the perception that banks are serving the whole population, said Standard Bank mobile and internet banking head Gustav Vermaas. Unbanked market needs attention
Despite the influx of information surrounding the growth of mobile payments, NFC payments and the call for EMV to be fully introduced into the US sooner rather than later, it seems that the number of cash-based payments is actually increasing. Cash payments
According to a new research report from Berg Insight, in-store mobile wallet payments in the EU is forecasted to grow from less than € 0.1 billion in 2012 at a compound annual growth rate of 275 percent to reach € 45 billion in 2017. This will correspond to 1.6 percent of the credit card and […]
Grocery stores are not just grocery stores anymore. Most South African retailers have added some form of product line extension to their standard offering of household items and produce. Retail customer marketing
South African banks have been installing more innovative cash-accepting automated teller machines (ATMs), a move that is changing both the role of the teller inside the branch and the way banks are accessed by clients. ATMs are now “virtual tellers”
South African companies have been criticised that they are reluctant to invest in the economy of the country, based on a perception that these companies are sitting on piles of cash. Are SA companies sitting on piles of cash?
Those were two of the biggest questions emerging as the fifth Brics (Brazil, Russia, India, China and South Africa) summit gets underway in Durban on Tuesday, with the bank and its funding model taking centre stage. Can SA afford a Brics Bank?
Beyond 2020, trends predicted include non-cash payment methods and removing the circulation of cash (and as a result guns and crime) from society, thus fulfilling the talk about becoming a cashless society. Cash continues its hold in South Africa
There is much talk about becoming a cashless society; consumers are asking whether the banknote will still be a valuable commodity in the future. Children are worried about their parents keeping cash in the house and not embracing technology. Is cash still king?