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Notice: as of 1 October the new 3D version 2.0 (3Dv2.0) will start to be used by the banks. 3D is the security system often used when an online purchase is made. The present 3D system requires the buyer to respond to their bank with an OTP number which is sent to them by SMS. The new system will use artificial intelligence to reduce the times that the buyer will be sent an OTP number. OTP numbers will still be used but much less frequently.

EFSA - Protecting your rights as an ecommerce business and expressing your needs to the relevant government departments and opinion formers

Opportunities and Publications

EFSA and Wolfpack to hold Webinar on CyberSecurity EFSA plans a webinar with cybersecurity company, Wolfpack, at the end of Sept. Details will be on the EFSA Facebook and LinkedIn pages. Join us!   UNCTAD’s Ecommerce Week is Postponed According to UNCTAD “due to changing and unforeseen circumstances, the Asia eCommerce Week will not take…

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Publications and Opportunities

Alibaba Netpreneur Training Online Course Africa Organized by Alibaba Global Initiatives The Alibaba Netpreneur Training Online Course Africa programme offers digital entrepreneurs and business owners an opportunity to learn and explore how to harness digital technology to grow their businesses and the local economy. Through a rich schedule of 6-week online classes and digital resources,…

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Smart Cities

We haven’t written anything about Smart Cities for some time, but the developments in Mauritius’s Beau Plan smart city caught our eye.  Touted as “Africa’s first integrated, international hub for the media and creative industries,” the MediaCity project was conceived as a hub of creativity, innovation, and learning on the continent with both the infrastructure…

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Another Fintech Success

Kenyan startup Jamborow is a fintech platform that provides white label solutions to enable savings and credit cooperatives societies, or Saccos, to serve their members and scale operations while at it.  Jamborow brings together all players in the financial ecosystem, including lenders, borrowers, and intermediaries. Its system digitises KYC data, automates and digitises operations, creates…

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Tanzania Taxes Mobile Transactions

A new so-called “patriotism levy” imposed on mobile money transfers in Tanzania has come into effect. The tax, which was approved last month by the country’s parliament, will impose additional charges every time payments are sent or received via phones. Tanzania’s telecommunication companies are running adverts in the local press displaying their new charges to…

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The Sectors that Champion Africa’s Single Market Vision

Fintech companies in Africa are flourishing by producing digital systems and infrastructure to make financial services more efficient. And with the launch of the African Continental Free Trade Area (AfCFTA) at the start of this year, the companies are well positioned to replicate this success by solving cross-border payment within the continent could “exponentially increase…

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Fintechs in Africa

According to a new report by the Boston Consulting Group, Overcoming Africa’s Tech Startup Obstacles, on the expansion and maturation of African tech startups, Africa enjoys a fertile environment for tech entrepreneurs due to the continent’s youthful and growing population, rising internet penetration, and the application of emerging technologies that have the potential to improve…

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The Cost of Internet in Africa Remains Stubbornly High

According to the UN, internet access is considered affordable when the cost of a gig is less than 2% of gross monthly income. However, on the African continent, data prices average 5.7% of gross monthly income (compared to 2.7% in South America and 1.6% in Asia-Pacific).  Only 29% of Africans have access to the internet…

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News From Africa

The Department of Communications and Digital Technology Continues its Consultation on a National Policy on Data and Cloud The DCDT is to hold a final round of discussions on the Draft National Policy on Data and Cloud with stakeholders, including EFSA, on 3 August. This Newsletter reported earlier this year on the DCDT’s publication of…

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Trial of New Twitter Ecommerce Tool

Twitter will launch a pilot in the US aimed at testing the potential for ecommerce on its platform. The company is introducing a new “Shop Module” that offers brands, businesses and other retailers the ability to showcase their products to Twitter users directly on the business’ profile. Users will then be able to scroll through…

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