Welcome to a celebration of inspiration, innovation, and empowerment at Wizzit! As we raise our virtual glasses to commemorate the incredible Women at Wizzit, we are thrilled to introduce you to the brilliant minds and dynamic personalities that constitute the undeniable “better half” of our exceptional team. These exceptional women have consistently shattered glass […]
Celebrating the Tech-Savvy Women at Wizzit Read More »
A headline in Finextra today (20 July 2022) caught my attention. It is not the first – nor will it be the last such headline as countries move to a more digital world. Yes, you will get the traditionalist anti-change segment fighting for cash, as they did centuries ago to hold onto sea shells as
A headline in a recent report (SoftPOS report 07.2022 – AEVI) caught our attention. “SoftPOS (Tap-on-Phone) has entered its early adopter phase after spending 8 years in development. While many doubt it, products do not spend 8 years getting built to disappear, so it is here to stay.” One forgets very quickly how long it
A headline in a recent report (SoftPOS report 07.2022 – AEVI) caught our attention. Read More »
According to the Eighty20 National Segmentation, the Students and Scholars segment make up 11% (4.8m people) of the consumer population in South Africa and has an average age of 17.5. They are highly digitally engaged with 71% of the population owning a smartphone. The segment has a low median income of R1 500 per month,
Forever Young – Some South African stats Read More »
According to Mckinsey, the overall market capitalisation of the financial sector added $5 trillion, rising from $9.5 trillion in 2016 to $14.5 trillion in 2022. Traditional banks added value at the lowest rate over the past 5 years. In contrast to this fintech and neobanks are displaying valuations more than 10 times their book value
Times are changing – non-traditional institutions are pioneering value creation Read More »
JP Morgan not so long ago released a public letter stating how both large tech firms and fintech’s are intensifying and contributing to the diminishing role of banks. It is clear that banks are still fundamental to society in today’s world, but what does the future hold is anyone’s guess. What will be important and
As you may be aware, PSD2 is now a regulation for banks and payment services providers across the UK and the EU. Compliance with PSD2 has been one of the most important challenges for financial institutions and the time has come to be fully compliant. Payment Services Directive Two (PSD2) is a piece of legislation
WIZZIT Tap-On-Phone offers a world of new eCommerce Opportunities Read More »
For those that are involved in the payments industry it is so easy to get lost in the technicalities of the solution that we forget some very basic principles: Customers do not jump out of bed in the morning saying “goodie, goodie, I am going to make payments today!” What they want is
Some (mis)perceptions – and the reality of Tap-on-Phone Read More »
According to Expert Market, the latest chargeback fraud statistics are as follows: A customer who is successful in filing – and winning – a chargeback dispute is nine times as likely to initiate another one. 40% of consumers who file a chargeback will do it again within 60 days. 81% of customers admit to ‘convenience’
Wizzit Tap-on-Phone can reduce Chargeback fraud Read More »
We have recently heard the news about Apple entering the Tap-On-Phone market. As more and more merchants and SME’s move away from cash, the use case of utilising your phone as a POS (Point of sale) device becomes extremely relevant and valuable for these businesses. We have been asked on many occasions, what do we
Apple entering the SoftPOS World Read More »