SANDI MADIKIZA, CEO of eWallet Solutions at FNB, says consumers are increasingly taking advantage of the convenience of the service and believes a record R1.5 billion will be sent by consumers this December.
As the integration and use of mobile phones continues to increase amongst consumers, so is the adoption of mobile payment solutions into their daily lives.
Sandi Madikiza, CEO of eWallet Solutions at FNB says consumers are increasingly taking advantage of the convenience and simplicity of eWallet to come up with quirky and creative reasons to transfer money to friends and family.
“We’ve picked up interesting eWallet usage trends which are likely to continue throughout the festive season as consumers prepare to go shopping and spend quality time with their loved ones,” says Madikiza;
· Many people won’t carry cash or wallets; they’ll simply transfer funds to their cellphone numbers via eWallet. Effectively opting for the digital wallet.
· We have seen people send eWallets as birthday gifts, so an eWallet should be the perfect gift for Christmas.
· People going out to eat at restaurants with friends will use eWallet to split the bill amongst themselves.
· Many people have family members all around the country who may not have bank accounts. We expect them to use the convenience of eWallet to send money home for Christmas and New Year’s festivities.
· eWallet has also been used to save the day, where people have been stuck – out of petrol or airtime and needing cash instantly. Such emergencies are likely to increase in December, creating perfect opportunities for eWallet to save the day.
· Contributing towards drinks and a braai will be easier through eWallet.
· A lot of South Africans get paid bonuses at this time of the year, so there will be lots of cash to go around. We expect to see an increase in friends using eWallet to either lend money or pay back loaned money.
· Parents who will be sending kids to visit ‘uGogo’ will find it more convenient and safer to use eWallet to send them money.
“Although these trends vary depending on the different needs of consumers, the popularity of eWallet, its multiple and creative uses are becoming more evident. This is mainly due to the convenience of being able to send or receive money via eWallet, anywhere and at anytime, without having to stand in queues.
This December, we expect a record R1.5 billion to be sent via eWallet by consumers who will either be spoiling their friends and family or saving the day, for the last time as we wrap up another exciting year,” says Madikiza.
“There’s certainly no doubt that eWallet is for everything and this festive season will be no different as more and more consumers conveniently receive and send money to their loved ones,” he says.
Welcome to world of 2099
The world of 2099 will be unrecognisable from the world of today, but it can be predicted, says one visionary. ARTHUR GOLDSTUCK met him in Singapore.
Futuristic structures tower over the landscape. Giant, alien-looking trees light up with dazzling colours amid the hundreds of plant species that grow up their trunks. Cosmetic stores sell their wares via public touch-screens, with products delivered instantly in drawers below the screens.
This is not a vision of the future. It is a sample of Singapore today. But it is also an inkling of the world we may all experience in the future.
Singapore was the venue, last week, of the World Cities Summit, where engineers, politicians, investors and visionaries rubbed shoulders as they talked about the strategies and policies that would enhance urban living in the future.
As part of the Summit, global payment technologies leader Mastercard hosted a small media briefing by one of Singapore’s leading thinkers about the future, Dr Damian Tan, managing director of Vickers Venture Partners. The company’s slogan “We invest in the extraordinary,” offers a small clue to Tan’s perspective.
“We look as far forward as 2099 because, as a venture capital firm, we invest in the long term,” he tells a group of journalists from Africa and the Middle East. “Companies explode in growth because there is value in the future. If there is no growth, they won’t explode.”
The big question that the Smart Cities Summit and Mastercard are trying to help answer is, what will cities look like in the year 2099? Tan can’t give an exact answer, but he offers a framework that helps one approach the question.
“If you want to look at 81 years into the future, and understand the change that will come, you need to double that amount and look into the past. That takes us to 1856. The difference between then and now is the difference you can expect between now and 2099.”
Click here or on the page link below to read on: Page 2: Soldiers and Health in 2099.
- Arthur Goldstuck is founder of World Wide Worx and editor-in-chief of Gadget.co.za. Follow him on Twitter on @art2gee and on YouTube
Street art goes electric
Kaspersky Lab and British street artist D*Face have unveiled the first-ever “art helmet” design at the Formula E finale for electric cars in New York.
The ‘Save The World’ helmets will be raced by DS Virgin Racing’s drivers, Sam Bird and Alex Lynn, as they traverse the New York street circuit during the final races of the Formula E season.
The announcement signals the first art helmet by a Formula E team, continuing the heritage of art in motorsport and the cybersecurity brand’s commitment to contemporary art, creativity and innovation. D*Face took inspiration from Kaspersky Lab’s tagline, “A Company To Save The World”, and hopes that his colourful work will inspire people to take positive action.
D*Face will announce his first-ever art car design with a custom-made livery for the DS Virgin Racing Team. Its design will be released at the “Art Goes Green” event after Saturday’s race. The helmets and art car are the latest installations in the “Save the World” collection, following a major permanent public mural that was installed in Brooklyn, New York, in May.
D*Face, whose real name is Dean Stockton, said: “It is exciting to work with Kaspersky Lab on this project and create art with a real message of hope for a better future. After all, this is our world and we need to look after it. It will take every one of us to make a real lasting, impactful change. I love the mentality of the DS Virgin Racing Team and that of Formula E by showcasing sport in a way that doesn’t harm the environment, but is still just as exhilarating and fun.
“It is time for us all to stand together and make a change… be that stopping data steals, climate change, plastic waste or using damaging fuels. I want everyone to make a pledge to do one thing that will help make a change.”
As a sponsor of DS Virgin Racing Team, Kaspersky Lab is responsible for protecting the team’s devices against cyber threats. The company sees the technical environment in the global sport of Formula E as the next frontier in furthering its research and development of new technologies to keep vehicles secure in the digital world.
Sylvain Filippi, Managing Director at DS Virgin Racing, said: “The whole team fully supports this great initiative and our thanks got to Kaspersky and D*Face for their collaboration. It’s an honour to have such an innovative artist bring his talents to bear in our team ahead of the season-finale; the car, drivers’ crash helmets and mural all look amazing.”
Aldo Fucelli Pessot del Bo, Head of Global Partnerships and Sponsorships at Kaspersky Lab added: “There is a need for innovation on a global scale, both in contemporary art and in the fast-growing sport of Formula E. Now, for the first time ever, Kaspersky Lab is proudly bringing together the two sectors in an effort to Save the World and unleash creativity, encourage freedom of expression and further innovation.”