buys - eriinfo

Nedbank buys iKhokha in R1.65bn deal to boost SME services

eriinfo.com3 weeks ago03 mins

Nedbank has agreed to acquire Durban-based fintech iKhokha for R1.65bn in an all-cash deal. The transaction, which is subject to regulatory approval, is expected to be finalised in the coming months. According to a statement cited in a MyBroadband report, the bank said the acquisition will allow it to merge iKhokha’s payment technology with Nedbank’s…

Stolen phone? Samsung now buys you an hour to lock it down

eriinfo.com3 months ago07 mins

Samsung Electronics has unveiled a raft of new security features to help users of its smartphones combat theft, especially in scenarios such as smash-and-grabs or pickpocketing. The first of the new features makes use of location data to detect when a device is in an unfamiliar location and automatically adds a layer of biometric authentication…