SARB and the Interchange Determination Process (IDP)
Readers will recall that the Reserve Bank (SARB) earlier this year invited comments on its consideration of the so-called Interchange Determination Payment. The IDP sets a fee for when payment…
Read MorePayment Cross-Frontiers in Africa Remains a Major Challenge
Despite the announcement by the Afreximbank of its new cross-border payment system, PAPSS, last month (see September’s Newsletter), the hurdles that an online shop has to overcome to ensure payment…
Read MoreRecognising Ecommerce Skills
EFSA has held a meeting with our sponsoring ministry, the Department of Communications and Digital Technology (DCDT), to discuss ecommerce skills with two aims – first, Home Affairs provides temporary…
Read MoreNews From Africa
Work on the Introduction of the Payments Industry Body Readers will recall that the SARB invited the total financial sector to reorganize itself in order to become inclusive. The timetable…
Read MoreDelivery, The South African Postal Service Tries to Carve Out Leadership in Southern Africa, and Amazon is Now the 3rd Largest Delivery Company in the USA
Delivery is key to the success of ecommerce around the world. Many national postal services (POs) have moved most of their emphasis over the last 2 decades to ecommerce fulfillment.…
Read MoreLinkedIn Plans to Roll Out Freelance Recruitment Service
LinkedIn, the Microsoft-owned platform, has completed a successful test in the US for freelancers, called the Service Marketplace. This lets people advertise themselves for short-term engagements, competing against the likes…
Read MoreWatch this Space – Buy Now Pay Later (BNPL) is Becoming Big
Over the last months, more investment has been poured into BNPL companies and ventures, joining the leaders Sweden’s Klarna, Australia’s Afterpay, and U.S.-based Affirm. Last month PayPal spent $2.7 bn…
Read MoreMiscellaneous
International News on Big Tech, Data, Laws, and Regulations Readers will have seen the recent embarrassment of Facebook (or should it be called Meta now?) at both the US Senate…
Read MoreRapid Increase in Trade between China and Africa
According to the Chinese Ministry for Trade, Africa’s trade with China increased by 40.5% year-on-year in the first 7 months of 2021 and was valued at a record high of…
Read MoreSocial media platforms are accelerating economic growth and opportunity across the continent
A new study by Genesis Analytics commissioned by Facebook (FB) and aimed at exploring the impact of the digital economy on small- and medium-sized businesses (SMEs) has been conducted in…
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