Tag: Payment

During Parliamentary debates on amendments to the Companies Act in 2023, it was noted that the biggest opposition to the amendments related to the disclosure of remuneration. With the President signing the Companies Amendment Act on the 26th of July 2024, debates on the new remuneration requirements will resurface.

In the rapidly evolving landscape of cross-border payments, one trend stands out as a game-changer - the migration of SWIFT (Society for Worldwide Interbank Financial Telecommunication) into the ISO 20022 standards.

A new report provides an overview of the financial technology (fintech) regulatory frameworks of 39 jurisdictions across Africa, Asia Pacific, Europe, North America and South America. The report, titled Fintech: how is the world shaping the financial innovation industry?, addresses how different regulators around the world are dealing with the application of technology and innovation to banking and financial services as well as society’s present concerns.

The digitisation of payments is accelerating rapidly, which may mean that the days of plastic cards may be over. Using this digitisation trend to justify a belief that credit cards, as such, will not be around for much longer is a somewhat misguided approach. One that demonstrates a misunderstanding of what credit cards are, and why they remain one of the most popular ways of transacting across the world.

Samsung Electronics has introduced its mobile payment service, Samsung Pay, to South Africa. Samsung Pay is now available in 24 markets worldwide, the local launch underscores Samsung’s commitment to delivering a secure and convenient mobile wallet experience to consumers worldwide.