Tag Archives: point of sale
point of sale: Latest News
Dana Sanchez, 9:40 pm
Mastercard hopes to roll out fingerprint payment cards globally by the end of 2017. South Africans’ willingness to try new technology and their familiarity with using biometrics for identification made the country an ideal market to test the payment cards. They’ll work with any card terminal around the world that accepts embedded chip technology. In the U.S., embedded chips are increasingly popular. Regulations make merchants and financial institutions liable for breaches resulting from a lack of support for chip-and-pin cards. Some merchants won’t have to get new equipment to accept fingerprint-enabled cards.
Dana Sanchez, 2:06 pm
McDonald’s opened its first burger and fast-food restaurant in South Africa in 1995, and now has more than 200 stores. Chinese mobile messaging app WeChat is trying to compete with Facebook-owned WhatsApp, which dominates in SA, by collaborating with large merchants like McDonald’s. Customers can now pay at McDonald’s using mobile payments at some locations. WeChat is dominant in China, where 200M-plus use its mobile payment platform. Mobile payments have not caught on in SA like they have in China or Kenya.
Dana Sanchez, 12:17 pm
Africa has huge strategic importance for MasterCard and the company plans to continue investing in infrastructure, people and know-how on the continent. MasterCard says it has more than 58,000 ATM locations and 438,000 point-of-sale terminals in Africa. It now has services in 48 African countries.
- Real Estate