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.
Password managers don’t protect you from hackers
Using a password manager to protect yourself online? Research reveals serious weaknesses…
Top password manager products have fundamental flaws that expose the data they are designed to protect, rendering them no more secure than saving passwords in a text file, according to a new study by researchers at Independent Security Evaluators (ISE).
“100 percent of the products that ISE analyzed failed to provide the security to safeguard a user’s passwords as advertised,” says ISE CEO Stephen Bono. “Although password managers provide some utility for storing login/passwords and limit password reuse, these applications are a vulnerable target for the mass collection of this data through malicious hacking campaigns.”
In the new report titled “Under the Hood of Secrets Management,” ISE researchers revealed serious weaknesses with top password managers: 1Password, Dashlane, KeePass and LastPass. ISE examined the underlying functionality of these products on Windows 10 to understand how users’ secrets are stored even when the password manager is locked. More than 60 million individuals 93,000 businesses worldwide rely on password managers. Click here for a copy of the report.
Password managers are marketed as a solution to eliminate the security risks of storing passwords or secrets for applications and browsers in plain text documents. Having previously examined these and other password managers, ISE researchers expected an improved level of security standards preventing malicious credential extraction. Instead ISE found just the opposite.
Click here to read the findings from the report.
MWC: Next generation of inflight connectivity to be unveiled
Next week at Mobile World Congress, the Seamless Air Alliance will reveal progress on its mission towards enabling the next generation of inflight connectivity. This follows a significant start for the Alliance, which has seen membership increase five-fold since the first meeting in June of last year. The Alliance has a new research laboratory setup and continues progress through its three working groups, writing specifications for the technology, requirements, and operations.
These developments represent a huge leap towards the goal of making connectivity as easy and enjoyable in the skies as it is on the ground. Appearing as part of the Airbus stand (Hall 6, stand 6G34), the Seamless Air Alliance will reveal specification topics that have been completed and published to its membership.
“The passenger experience with inflight connectivity remains one of the great technology challenges. From Day One we have been determined to deliver on our mission to bring industries and technologies together to make the inflight internet experience simple to access and a delight to use,” said the Alliance’s Chief Executive Officer, Jack Mandala.
“I have been tremendously encouraged by the enthusiastic and committed response we have seen and the widening areas of expertise we can call upon as more and more companies and organisations continue to join us,” he added.
Announced during MWC 2018, the Seamless Air Alliance has since grown to twenty-three membercompanies with more than one-hundred key personnel from across the membership participating in its three working groups, with numbers continuing to increase.
The Seamless Air Alliance was created by founding members Airbus, Airtel, Delta Air Lines, OneWeb and Sprint, and quickly joined by Air France KLM, Aeromexico, and GOL Linhas Aereas Inteligentes and global technology leaders including Astronics, Collins Aerospace, Comtech, Cyient, iDirect, Inmarsat, Intelsat, Latecoere, Nokia, and Panasonic.
Today, the Alliance is pleased to announce five additional new members: Adaptive Channel, Etihad Airways, GlobalReach Technology, Safran, and SITAONAIR.
“We are extremely pleased to have these companies join and be a part of the companies driving the next generation of connectivity.” said Mr Mandala.
The Seamless Air Alliance will enable travelers boarding any flight, on any airline, anywhere in the world, to use their own devices to automatically connect to the Internet with no complicated login process nor paywall to scramble over.
The Alliance is also announcing the release of a new research study on the economic benefit of standardization on the inflight connectivity market at Mobile World Congress. This report is available for download at https://www.seamlessalliance.com/publications/
The Alliance is moving rapidly towards an expected demonstration of the technology later in 2019 and anticipates massive interest in Barcelona from the whole communications eco-system.