Luno has recorded $8.3 billion in transactions worldwide after recently adding nearly a million new South African customers to its crypto platform. An estimated 15% of South Africans have invested in bitcoin – the second-highest percentage in the world according to the Global Web Index, beating even the USA and Japan. With over 2.1 million users in South Africa, Luno has around the same number of clients as South African Twitter users according to Statistica. It’s also the fifth most popular finance app on iPhone and third on Android – ahead of most of Africa’s biggest banks. A three-month average reveals that more than 145,000 South Africans installed the Luno app each month from November 2020 – January 2021. /* custom css */ .tdi_3_090.td-a-rec-img{ text-align: left; }.tdi_3_090.td-a-rec...
As we reached the recent one-year anniversary of South Africans entering the first days of lockdown at the end of March 2020, we remembered how holidays at this time last year were universally cancelled because of fears of the COVID-19 virus. One year on, it is sombre to review the past 12 months, yet we are nonetheless able to start considering new opportunities for family holidays once again. We have observed the increase in domestic travel towards the end of 2020, and with the implementation of Level One restrictions, people are feeling more comfortable about potentially taking a local break. As we approach the 2021 April school holiday season for state schools (which close on Friday 23 April and reopen on Monday 3 May), many of us are preparing for a short break. Statistics have shown ...
Image sourced from Sara Fuerte SendSpend has officially launched its global payment system which enables the unbanked to pay online and remit money instantly to each other using only a smartphone. Simply put, millions of unbanked customers throughout Africa with an Internet connection and access to a smartphone will soon be able to use SendSpend, a payment system not restricted to a particular mobile network or financial institution. The platform, which is now available in South Africa, is entirely digital and free for consumers, who can use SendSpend within minutes of registering via a downloaded App. “SendSpend is committed to enhance and uplift the lives of people in underserved local communities. Financial inclusion is a primary focus in achieving one of the UN’s Sustainable Developmen...
South Africa is firmly in the sights of international cybercrime syndicates, who have been ramping up their attacks on local companies in the past six months – reveals cybersecurity defence, offence and protection specialist, Nclose. Martin Potgieter, Co-Founder of Nclose, says the Nview MDR team have detected a significant uptick in the number of attempts made against local customers in recent months. “We, and our colleagues in the cybersecurity sector, are seeing a surge in cybercrime activity – in particular ransomware attacks,” he says. “There has definitely been an increase in syndicates that make use of humans to launch and coordinate their attacks, they are not just relying on automated ransomware attacks.” Stephen Osler, Co-Founder at Nclose, says South African companies typical...
If ever there was a time for the eCommerce sector to adopt telematics technology, it would be now: COVID-19 has disrupted the retail landscape, with more South Africans now choosing e-commerce as their preferred shopping channel over traditional brick-and-mortar stores. According to a Mastercard study, as much as 68% of South African consumers said they are shopping more online since the onset of the pandemic. More online shopping means that there are more deliveries to be made, and the logistics industry has had to scale operations to meet the growing demand. The various levels of lockdown, COVID-19 regulations and people working from home have created a greater reliance on home deliveries, with the industry now findi...
Nearly half of South African consumers (46%) would walk away from an online service provider if it suffered any form of data breach, according to a global study by Kaspersky. The idea of avoidable data misuse is likely to incur even greater wrath from respondents, however, with 68% affirming they would no longer use the provider for fear of their data being sold to a third party in this case. As consumers understand more about businesses’ data privacy responsibilities, more transparency is needed from those companies about how they handle user data. Having to shop, be entertained, communicate and conduct business virtually is likely to have sparked heightened awareness about how much data is being offered, and what the upshots of this proliferation could be. Over two-thirds (67%) of respon...
Image sourced from Wikiwand Absa has launched a cloud incubator initiative in collaboration with Amazon Web Services (AWS) to enhance its cloud computing skills across its operations in Africa. This move is part of Absa’s broader efforts to promote learning, experimentation and innovation across the organisation to enhance the banking experience for its customers. By migrating to the cloud, companies can eliminate the expense of building and managing on-site data centres while gaining the ability to reduce infrastructure costs and scale up and down rather than paying for excess on-premises capacity. “Cloud is rapidly becoming the norm for large companies, a trend that was accelerated by the COVID-19 pandemic, which prompted a step-change in digital solutions,” says Andrew Baker, Absa ...