South Africa E-Commerce News

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• March 2023: The US Federal Reserve’s digital payments system is expected to debut this year and is expected to create “a leading-edge payments system that is resilient, adaptive, and accessible. The system is expected to allow bill payments, money transfers such as paychecks and disbursements from the government, and other consumer activities to move more rapidly and at lower cost, according to the program’s goals.
• January 2023: The Union Cabinet in India approved INR 2,600 crore for promoting the Rupay Debit Card and low-value BHIM UPI transactions. Under the scheme, banks would be provided financial incentives for promoting Point of Sale (PoS) and e-commerce transactions using Rupay and UPI in the current financial year.

• March 2023 - Jumia, one of Africa's leading e-commerce platforms, has announced its annual "Tech Week" campaign to provide users with legitimate tech gadgets such as mobile phones and accessories, cameras, video games, TVs, computers, and others. Consumers in Nigeria will utilize the offer to upgrade their technological accessories.
• March 2023 - ImaliPay, a global FinTech-as-a-Service provider, has partnered with Renda, a third-party e-commerce fulfillment solution. Through this agreement, they seek to help companies across Africa by simplifying and optimizing the order fulfillment process for enterprise and medium-sized firms. It will begin with Nigeria.
• September 2022 - ProvidusBank, Mastercard, Interswitch, and Thales introduce contactless payments—tap-to-Pay transactions on mobile devices in Nigeria. Customers digitize their cards as a one-time setup by following the instructions on their banking app. After provisioning the card credentials to a mobile device, a cardholder may tap to pay by opening their banking app, selecting NFC payments, touching their phone at the Point of Sale, and entering their PIN to complete the transaction. They can also make secure in-app and e-commerce payments.

• November 2022: To handle Santander's network of more than 1,700 ATMs in the UK, NCR Corp. increased its collaboration with Santander UK. The ATM software, transaction processing, cash management, monitoring, help desk, maintenance, and other tasks will all be handled by NCR.
• October 2022: MCT Cards & Technology Private Ltd., a division of Manipal Technologies Ltd. and a producer of banking and smart cards, provided self-serve banking kiosks to banks in India as part of the government's recent initiative to establish 75 Digital Banking Units across 75 Districts.

• March 2023: Autonomous driving skills can soon be seen in the food delivery industry. Migros, in partnership with Loxo and Schindler, has developed an autonomous delivery service called Migronomous. The trails have been started, and the van can carry up to 64 shopping bags. The eco-friendly van runs on an electric motor, reducing emissions. The upsurge in online orders in recent years compelled the brand to adopt this AI technology.
• February 2023: Switzerland's Spar and Avia launched Spar Express, an autonomous C-store that will be operational 24 hrs. Customers can also find hygiene products, car accessories, and perishable items like baked goods, fruit, vegetables, dairy products, meat, and beverages. This will be a fully automated store where customers scan a QR code with their smartphone at the entrance, scan chosen items with their mobile, and pay for their purchases using a card or any payment wallet like Apple Pay.
• January 2023: To give a new look to its website and influence its consumers, Zalando shopping club introduced a new brand identity called Lounge by Zalando. The new app comes loaded with a gem click that showcases the offers once users log in. To attract more online consumers, Lounge by Zalando launches fresh campaigns, everyday lavishing huge discounts.

• November 2022: Visa, FIFA's Official Payment Technology Partner, has developed a payments network allowing contactless purchases at all official venues, including eight stadiums and the FIFA Fan Festival. With over one million fans anticipated to attend the event, Visa has placed 5,300 contactless payment terminals at official FIFA venues, making FIFA World Cup Qatar 2022 one of the largest payment-enabled FIFA tournaments ever. Visa also tested new payment technologies to give fans convenient and secure digital payment options.
• November 2022: SADAD Payment Solutions has signed a collaboration and strategic partnership agreement with QNB, one of the Middle East and Africa's largest financial institutions, to grow the field of electronic financial payments and the financial technology industry in Qatar.
• November 2022: QNB Group, the Middle East and Africa's largest banking institution launched a new cooperation with Samsung Gulf Electronics to expand client access to one of the most modern and secure digital payment systems, commonly known as Samsung Wallet. This collaboration is part of the bank's commitment to creating new and secure payment solutions, now available to all clients using Samsung smartphones.

• November 2022: One97 Communications Limited, India's payments, and financial services company and the pioneer of QR and mobile payments, announced a partnership with Citcon LLC, an all-in-one payment platform, through its wholly-owned subsidiary Paytm Payment Services Limited (PPSL). Paytm will be connected to Citcon's worldwide payments network as part of this agreement, allowing multinational brands to take payments in India. Paytm and Citcon integration brings foreign merchants into compliance with UPI standards, allowing them to receive and reconcile digital payments from Indian consumers.
• September 2022: TerraPay, a global payments infrastructure firm, announced a strategic relationship with NPCI International Payments Limited (NIPL), the International branch of the National Payments Corporation of India, to further strengthen its cross-border payment solutions. This collaboration with NIPL will enable Indian customers and merchants in India who have an active Unified Payments Interface Id (UPI Id) to effortlessly make and receive cross-border payments by leveraging TerraPay's agile infrastructure and the UPI network.

• November 2022: The Mondi Group, a packaging solutions provider, teamed with MODIVO, a Czech online retailer of apparel. Mondi will provide corrugated boxes and paper MailerBAGS for Modivo to use to package orders. Until now, Modivo has used traditional rigid packaging.Because of this, packing costs will go down and materials that are better for the environment will be used.
• October 2022: Notino, one of the largest online cosmetics and fragrance retailers, announced a partnership with BWX. Customers like to use natural, organic, and non-toxic cosmetics. This partnership will bring in more customers by giving them the chance to choose from different brands from around the world.
• January 2023: Mall Group announced it would close its brick-and-mortar branches in the Czech Republic as it plans to expand its online business. Less than 15% of the brand's customers use brick-and-mortar services. Mall.cz has around 15000 delivery points, and shoppers also use self-service boxes, due to which the Mall group decided to close its offline stores in the country.

• December 2022 - Continente has a total of 77 stores in the Lisbon district and currently planning to open shops in 3 new locations of Continente Modelo Estoril, in Cascais, Continente Bom Dia Av. de Paris, in Lisbon. Continente Bom Dia Vialonga, in Vila Franca de Xira, to strengthen its brand's position in the region and to create 160 new jobs.
• March 2022 - El Corte Ingles, Spain's third-largest retailer, and distributor, is planning to start its cryptocurrency exchange. The goal, according to reports, is to capitalize on the company's current client base, with an investor target already set. El Corte Ingles' clients are little savers who, the company believes, could be interested in investing in cryptocurrencies through a well-known company rather than going to younger brands.

• September 2022: Hong Kong-headquartered PayTech startup KPay Merchant Service announced that it had raised USD 10 million in a funding round. This capital investment will enable the company to bolster its product development efforts and its regional expansion. Also, the company will continue to improve its products and services, grow its market reach, and work to give MSMEs in Hong Kong and other Asia-Pacific markets efficient and easy-to-use integrated business solutions.
• August 2022 : Invest Hong Kong (InvestHK) and the Hong Kong Monetary Authority (HKMA) jointly announced the addition of the Central Bank Digital Currency (CBDC) track to the Global Fast Track 2022, providing local and global firms valuable opportunities to partner with the central banking institution to boost the growth and adoption of fintech in Asia.
• April 2022: Standard Chartered Bank (Hong Kong) Limited announced a new partnership with The Sandbox to create innovative experiences for our clients and the community. SCBHK is the first bank to buy virtual land in The Sandbox metaverse's Mega-City district, a cultural hub based on or inspired by Hong Kong talents.

• December 2022 - Skyslope announced a new partnership with Weichert, Realtors for its innovative digital transaction management to Weichert's over 7,000 corporate associates. This innovative partnership expands Skyslope's capability by adding several thousands of agents to the current members in the USA and Canada. In addition to the core transaction platform, Skyslope offers a prominent digital signature solution to send real estate documents out for e-signature.
• September 2022 - Docusign partners with Zavvie to integrate MoxiEngage CRM to provide unparalleled integration to their fully digital transaction management program so that agents can seamlessly manage transaction and agreement workflows with their clients.