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A Codeta-affiliated taxi in Cape Town, identifiable by the Codeta logo sticker (left of the license plate).. Codeta is one of several "mother body" taxi associations in South Africa: umbrella bodies, typically associated with a particular region, to which local taxi associations belong as affiliates.
M-PESA (M for mobile, PESA is Swahili for money) is a mobile phone-based money transfer service, payments and micro-financing service, launched in 2007 by Vodafone and Safaricom, the largest mobile network operator in Kenya. [1] It has since expanded to Tanzania, Mozambique, DRC, Lesotho, Ghana, Egypt, Afghanistan, South Africa and Ethiopia.
A simple mobile web payment system can also include a credit card payment flow allowing a consumer to enter their card details to make purchases. This process is familiar but any entry of details on a mobile phone is known to reduce the success rate (conversion) of payments.
The COVID-19 pandemic has accelerated the shift to digital transactions and people increasingly prefer making contactless payments via their smart devices. The Google Wallet app stores a consumer ...
In 2019, Stitch was founded in Cape Town, South Africa as Stitch Money. [5] In February 2021, Stitch raised $4 million in seed funding. The firm was initially focused on enabling businesses to access user financial accounts to view financial data. [6] [7] In April 2021, the company began piloting its first payments product – Pay-ins. [8]
On 2 August 2023 the City of Cape Town impounded a number of minibus taxis at the Cape Town Central Taxi rank in the city centre for violating the National Land Transport Act which authorises the impounding of offending vehicles. [2] [3] Taxi drivers responded by blocking the exit route from the rank. A traffic officer was assaulted and shots ...
The spike in taxi violence resulted in thousands of people being unable to get to their jobs resulting in pay cuts, job losses and economic hardship. [ 5 ] [ 6 ] [ 7 ] Western Cape Transport MEC Daylin Mitchell stated that 22 murders and 29 attempted murders resulting from taxi violence were recorded between the start of July and 16 July 2021.
The company launched as Virgin Money South Africa in 2006, as a partnership between Virgin Group (owners of the Virgin Money brand) and Absa, as an issuer of credit cards. [2] The 50-50 joint venture was worth R240 million at the time of launch. [3] By 2013 Virgin Money's customers had R1 billion in total credit. [4]