Sep 03, 2013
Blue Label, Mastercard partner to deliver POS devices to rural businessesBack
SECURITY|Absa|Africa|MasterCard|Nedbank|Security|Standard Bank|Systems|Africa|South Africa|Security|Communications|Electricity|Security|Systems|Mark Levy|Security
© Reuse this
The JSE-listed communications group has partnered with Mastercard to upgrade about 7 000 existing POS systems, which were previously used for selling prepaid vouchers, such as for airtime and electricity, as well as to roll out in excess of 15 000 new EMV-certified, contactless-ready POS terminals in townships and informal settlements.
These would allow traders to accept chip and pin-based debit, cheque or credit cards issued by Standard Bank, Absa, Nedbank and the South African Social Security Agency (Sassa), as well as contactless payment cards for goods and services.
Traders would also be able to sell Blue Label's prepaid vouchers using a single device on a safer, more secure and convenient electronic platform.
This comes shortly after Blue Label committed to the distribution of about 10 000 partially subsidised low-cost POS terminals throughout South Africa’s rural areas over the next year.
The initiative would give merchants with monthly profits of less than R25 000, free or low-cost access to POS systems.
“Over and above the estimated 100 000 spaza shops spread across South Africa, there are tens of thousands of small- and medium-sized retailers and service providers,” said Levy.
Edited by: Chanel de Bruyn© Reuse this Comment Guidelines (150 word limit)
Other ICT News
Updated 7 hours ago Despite being Africa’s economic powerhouse, South Africa has fallen behind in terms of the number of people per 100 that have access to fixed and mobile broadband, Saab Grintek Technologies CTO Suraj Ramlall said on Tuesday. Broadband in South Africa was generally...
Updated 7 hours ago Some of the best innovations worldwide had been conceptualised and delivered during or immediately following a recessionary period, Internet Solutions MD Saki Missaikos said on Tuesday. Speaking at the Southern Africa Telecommunication Networks and Applications...
Updated 7 hours ago Despite various challenges related to the extraction of shale oil and gas, as countries grow accustomed to the idea, the use of shale as a form of energy will be more widely pursued, international oil and gas market analyst Michael Lynch said on Tuesday. Speaking at...
Updated 7 hours ago A consortium led by two Kenyan firms won a government tender to build a 1 000-MW, coal-fired power plant, company officials said on Tuesday, part of moves to satisfy rising demand for energy in East Africa's biggest economy. Kenya suffers from regular blackouts due...
Updated 7 hours ago The announcement of the successful bidder for the construction of Durban’s long-awaited passenger cruise terminal was imminent, Transnet National Ports Authority (TNPA) CEO Tau Morwe told delegates at the African Ports Evolution Conference in Durban on Tuesday. ...
Recent Research Reports
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
This Week's Magazine
South African State-owned defence industrial group Denel has announced its fourth consecutive year of profits. The group's results for the financial year 2013/2014 were recently announced at its head office in Centurion, south of Pretoria. Revenues grew by 17%, net...
There is little opportunity for JSE-listed infrastructure company Group Five to grow shareholder value in the domestic market, says CEO Mike Upton. He says value can still be found in the private sector, in the renewable and industrial power sector, as well as in...
The National Association of Automobile Manufacturers of South Africa (Naamsa) has announced the event dates of the 2015 Johannesburg International Motor Show (JIMS). The event will take place from October 14 to October 25, 2015, at the Johannesburg Expo Centre, Nasrec.
UK engineering support services provider Babcock is set to deliver the largest order of global truck manufacturer DAF’s truck tractors in Southern Africa to bulk carrier road-based logistics company Ngululu Bulk Carriers (NBC), with 133 trucks to be delivered in...
Digital radio communications in the African local government space can open up the world, but have many challenges to overcome, notes integration and migration of legacy radio communications infrastructure with digital mobile radio company Emcom Wireless head of...