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  • 22seven gets ‘more nimble’ with new update

    Online personal finance management service 22seven has received a massive update that, according to the company, makes it "more nimble and adds some of the things customers have been asking for". With the updates, you can: Categorise your transactions differently: When you click on a transaction all of its details will pop up on a card. 22seven claims it's an easier way to "put transactions in their place". Split your transactions: This allows you to separate out amounts from one transaction. If for instance, you drew cash and spent some on petrol and some on eating out, or if...

  • Company Office

    FinChatBot to improve customer service, reduce costs for financial services

    If you’ve had enough of being put on hold, speaking to call centres in India or waiting for that promised call back on your query from people who never call back, you are probably ready for a chatbot. Chatbots have arrived in South Africa and are kicking off in financial services. Chatbots are life like text based online conversations to connect businesses with their customers. These conversations are possible on websites, Facebook messenger or on apps. They are intelligent conversations made possible through artificial intelligence and machine learning. If you think spending 45 minutes on the phone is absurd to take...

  • Mxit Money: new mobile money service from Africa’s largest social network

    What’s the future of banking? Well we know that in the future our mobile phones will replace money, and even our credit cards. Why? Because this is the device that is with us all the time and is always connected. But who is going to make this play? The banks? The cellphone operators? The phone manufacturers? Or a mobile social network? Mxit is taking mobile money and payments quite seriously. Earlier this year the popular instant messaging service rolled out a payment option to restaurants, allowing users to pay for meals using the platform. More recently the service launched...

  • Make cross border payments to Lesotho and Swaziland with FNB Pay2Cell

    FNB’s Pay2Cell service is quite handy. Launched in September 2011, the service allows FNB Cellphone Banking customers to make payments directly into other FNB accounts using only the recipient’s cellphone number -- no bank account details are necessary. FNB today announced that cross border payments to Swaziland and Lesotho are now possible through the Pay2Cell service. Ravesh Ramlakan, CEO of FNB Cellphone Banking says that the Pay2Cell service evolved from the need to have a simpler solution to make payments to other African countries. “Traditionally making payments to other African countries has been limited to internet banking for...

  • Quirk Education to usher in digital era at Red & Yellow

    Acquisitions and mergers are all the rage these days in the advertising and digital agency world. The latest in merger news is that Red & Yellow School of Logic & Magic, one of South Africa's advertising schools, is joining forces with Quirk Education, the educational arm of digital agency Quirk. The aim of the merger is to better quip students in the evolving world of advertising due to technological advancements, with Quirk's digital background. The Red & Yellow school offers courses in advertising, marketing and design for students wanting to enter the advertising and marketing world. The school...

  • 8 ways to keep your startup’s employees happy

    Keeping employees can be difficult for any startup, but that’s especially true in emerging markets like China, where young people often expect to work jobs for a short time before moving on to the next one. So how can a startup keep its employees happy enough that they stick around? Sun Qingxin, the founder of travel website Daoyou Tianxi, recently wrote a blog post sharing his advice on how to keep startup employees. The full post is worth reading if you can read Chinese, but for those who can’t, here’s a summary of his eight main points: 1. Values are important....

  • Xtreme Data Premium: uncapped data for high-end Lumia phones

    Following the launch of its flat-rate Xtreme Data service, Nashua Mobile will roll out the service to more Nokia devices and launch a premium version of the service for smartphone users with higher-end data needs. The premium version, called Xtreme Data Premium will support the mid-range Lumia 710 and 610, as well as the high-end Lumia 900 and 800. At R139 per month, Xtreme Data Premium offers up to 400MB of high-speed data before the Average Use Policy (AUP) kicks in and the data service is throttled or shaped. This compares to the 100MB users on the standard Xtreme Data package...

  • Food ordering service Delivery Hero expands to China

    Food ordering startup Delivery Hero is moving into China. China becomes the 12th market for the Berlin-based startup and will operate its service from Shanghai under the name Waimai Chaoren. Delivery Hero launched in 2010 with Lieferheld.de which became the second largest online food ordering and delivery service in Germany. Visitors to Delivery Hero sites can find their favorite dish through thousands of online menu cards from various restaurants. Orders as well as payments are placed online and restaurants are peer-reviewed. Delivery Hero's international expansion strategy has largely been through acquisitions. According to TNW, Delivery Hero is expanding into China through...

  • How meeting Dropbox’s founder helped an SA tech startup pivot

    Getting your startup off the ground can be intimidating as all hell. Sometimes you can get so obsessed with your vision that you don't realise it has deeply ingrained flaws. At one point, South African-based startup evly was stuck in precisely that position. That is, until its boss Eric Edelstein met the founder of cloud-storage phenomenon Dropbox. Here's how one lunch made the company pivot so successfully that it now has a global footprint. After three months of living in San Francisco & Silicon Valley and speaking to hundreds (if not thousands) of tech entrepreneurs, tech service providers,...

  • How high-speed internet access is changing Tanzania

    The installation of underwater telecommunications cables beginning in 2009 and a US$200-million government backed rollout of 10 000km of national backbone, has seen the cost of Internet connectivity in Tanzania drop to as little as 15 US cents a day on a prepaid service. SEACOM Tanzania's managing director, Anna Kahama-Rupia, says that the reduced rate represents a drop of thousands of percent in the cost of Internet bandwidth in the country over the past three to four years. Before 2009 only larger businesses could afford access to broadband connectivity in the form of dedicated fixed lines costing between US$5...

  • Prezence Digital set to launch student mentoring initiative

    South African digital agency, Prezence Digital has announced that it will soon be launching a project it calls the 10Teams/10Brands/10Grand initiative. Established in the UK in 1998, Prezence Digital expanded into South Africa in 2002. The agency, which originally focused on the South African music and movie industries, evolved into the digital sphere with services such as mobi, web, digital campaign management, social media and, more recently, apps. Recently, Prezence Digital made headlines for its wildly successful MandelaStory campaign, with the endorsement of the Nelson Mandela Foundation, to celebrate Nelson Mandela’s 94th birthday. The campaign featured on CNN, ITN and leading...