Big gains for Uber in SA

Big gains for Uber in SA

The company has facilitated more than 2m rides in South Africa in the first half of 2015. Transport network company Uber has enjoyed explosive growth in the past year in South Africa, with local users of its application logging more than 2m trips in the first six months of 2015. That compares to a total of 1m trips taken in the whole of 2014, sub-Saharan African GM for Uber Alon Lits said on Wednesday. Most…

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Transfast enters tight remmitence market

Transfast enters tight remmitence market

Transfast, an online and mobile phone cross-border money transfer service, has launched a new electronic banking service that allows Africans in the Diaspora to send money via direct bank deposits. Transfast’s propitiatory payout network, believed to be the largest in Africa, delivers remittances directly from a sender’s bank account to a receiver at partner banks across 23 African countries within 24 hours. The company said the electronic bank-to-bank transfer system is efficient, and more cost…

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