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Browsing: Samsung Pay
Digital mobile payment platform Apple Pay last week silently went live in South Africa, with at least three banks supporting the service.
This is the first time the service is being launched in Africa.
How Apple Pay works
Apple Pay is the smartphone manufacturer’s payment and digital wallet system. Users of the iPhone, iPad, Mac and Apple Watch can use the feature to pay online on various apps and at Tap and Pay NFC terminals. A bank card needs to be connected to the service.
Apple Pay allows users to load a supported banking card and use their Apple device – such as an iPhone or cellular Apple Watch – to make a contactless payment at supported NFC-based terminals.
Banks supporting Apple Pay
Following the launch of the service in Africa, three South African banks are listed on Apple’s website as partners supporting Apple Pay.
They are Absa, Discovery and …
Digital payments in Kenya have been ruled by Safaricom through its revolutionary MPesa services. This is despite there being other local players like Airtel Money and Telkom’s T-Kash competing for the local share of mobile money transfer.
Safaricom has gone global targeting international remittances and linking with global players like Western Union and Pay Pal to make trans-border transfers.
However, during the just concluded East Africa EuroMoney Conference locally hosted by Central Bank of Kenya, the CBK governor Dr Patrick Njoroge noted that these innovations though first tested and embraced in Kenya, must not sleep on their laurels.
Dr Njoroge noted that Kenya was able to enjoy the innovation and domesticate the technology, which has drawn the admiration of global players and replicated world over.
However, it is the entry of global players like WhatsApp, WeChat, Alipay and Apple Cash which have made it easier to transfer money, purchase items …