Retail Banking – Food For Thought
The financial services landscape is changing rapidly, and banks are struggling to keep pace with consumer demands. It was fascinating to see the excitement and [...]
Digital or die!
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 headline in a recent report (SoftPOS report 07.2022 – AEVI) caught our attention.
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 [...]
Forever Young – Some South African stats
“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 [...]
Times are changing – non-traditional institutions are pioneering value creation
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 [...]
Emerging Banking
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. [...]
WIZZIT Tap-On-Phone offers a world of new eCommerce Opportunities
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 [...]
Some (mis)perceptions – and the reality of Tap-on-Phone
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: [...]
WIZZIT Tap-on-Phone can reduce Chargeback fraud
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 [...]
Apple entering the SoftPOS World
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 [...]
Who will dominate the $476 trillion payments market?
According to Payments Cards and Mobile (1 Feb 2022), the digital payments industry will soon be worth a staggering $476,1 trillion. They further predict that 74% of this will [...]
The use case for Mobile phones as POS
According to a 2021 study by Juniper Research, the global number of smartphones being used for Soft POS payments will increase from 3.2 million in 2021 to almost 24 [...]
Understanding a Merchant Account
As a small business looking to accept card payments, it is crucial to understand what a merchant account is, why it is needed and how it works. A merchant [...]
Payment Trends to keep an eye for in 2022
Over the past 2 years, we have seen an enormous amount of development in the payment sector. This has granted a strong boost to e-commerce payments but also new [...]
Contactless Payments – PIN Entry
What may have seemed like technological fantasist’s dreams just a few years ago, contactless payments have become a norm to many people globally and continue to gain traction across [...]
