{"id":5278,"date":"2022-04-27T12:17:00","date_gmt":"2022-04-27T12:17:00","guid":{"rendered":"https:\/\/www.africa-press.net\/eswatini\/all-news\/cooperatives-equipped-on-digital-financial-literacy"},"modified":"2022-04-27T17:05:55","modified_gmt":"2022-04-27T17:05:55","slug":"cooperatives-equipped-on-digital-financial-literacy","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eswatini\/all-news\/cooperatives-equipped-on-digital-financial-literacy","title":{"rendered":"COOPERATIVES EQUIPPED ON DIGITAL FINANCIAL LITERACY"},"content":{"rendered":"

Africa-Press – Eswatini. <\/strong><\/span>About 15 Savings and Credit Cooperatives Societies were empowered on digital financial literacy in an even held at Happy Valley Hotel last Friday.<\/b><\/p>\n

The theme of the event was \u2018bringing financial technology leaving no SACCO behind\u2019.<\/p>\n

Digimage Director Sindiso Dlamini made a presentation on ePayNet solutions and the Digital Financial Literacy (DFL).<\/p>\n

Dlamini warned against what he termed as social engineers. He said it wasn\u2019t rocket science to hide the PIN every time one made a transaction because cameras were all over.<\/p>\n

\u201cDon\u2019t do any money elated transactions in restaurants because social engineers are always alert and ready to use the information they scanned. Let us also avoid using the free Wi-Fi that is randomly picked by our phones.<\/p>\n

Let us implement the best practice and avoid these free things. We recently had an internet shutdown and people accessed VPN they knew nothing about. The very same VPN was used to access their information and some lost their monies in banks unceremoniously, be wise as serpents,\u201d he said. Dlamini stated that DFL made people aware of certain ills and practices and how to avoid situations that would have dire consequences.<\/p>\n

Explaining what they do, he said Digimage develop systems liked ePayNet to help make transactions through the internet.<\/p>\n

He said they won a FinTech Challenge which was held by Central Bank of Eswatini in 2018, because of thorough inspection, validation and feasibility study, they only started the piloting phase in 2020.<\/p>\n

Through financial inclusion, he said everyone should be part of the money ecosystem and their focus is to make the processes convenient, easily accessible and innovative.<\/p>\n

\u201cYou can make transactions from banks to Mobile Money and vice versa, collectopns, bulk payments, quick loans and repayments, savings and credit history through ePayNet. Note that there are no charges to the bank.<\/p>\n

There is a module that helps SACCOs, stokvels and more through savings thus bringing transparency. You can use the MM App to access loans without the paperwork and going through the board or credit committee,\u201d he clarified.<\/p>\n

During the question and answer session, Thembisile Magagula asked if there were any controls so other people did not change the code or PIN.<\/p>\n

Dlamini responded that if someone tried to access with a wrong code, a message alert notification was instantly sent to the registered number to that effect.<\/p>\n

He also said other people could not transact on ePayNet if there was no Mobile Money PIN. He advised against using predictable numbers like birthdays or digits of the cell numbers.<\/p>\n

\u201cI wish there would be a regulatory board for competition to protect customers. Do not open links that are normally sent that you have won something,\u201d he warned.<\/p>\n

For More News And Analysis About Eswatini<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Eswatini. About 15 Savings and Credit Cooperatives Societies were empowered on digital financial literacy in an even held at Happy Valley Hotel last Friday. The theme of the event was \u2018bringing financial technology leaving no SACCO behind\u2019. Digimage Director Sindiso Dlamini made a presentation on ePayNet solutions and the Digital Financial Literacy (DFL). […]<\/p>\n","protected":false},"author":84,"featured_media":5277,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8,16],"tags":[234,248,249],"class_list":["post-5278","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-eswatini","tag-eswatini"],"yoast_head":"\nCOOPERATIVES EQUIPPED ON DIGITAL FINANCIAL LITERACY - Eswatini<\/title>\n<meta name=\"description\" content=\"About 15 Savings and Credit Cooperatives Societies were empowered on digital financial literacy in an even held at Ha ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/eswatini\/all-news\/cooperatives-equipped-on-digital-financial-literacy\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"COOPERATIVES EQUIPPED ON DIGITAL FINANCIAL LITERACY\" \/>\n<meta property=\"og:description\" content=\"About 15 Savings and Credit Cooperatives Societies were empowered on digital financial literacy in an even held at Ha ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/eswatini\/all-news\/cooperatives-equipped-on-digital-financial-literacy\" \/>\n<meta property=\"og:site_name\" content=\"Eswatini\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-27T12:17:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-27T17:05:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/eswatini\/sites\/33\/2022\/04\/img-626977d9b20ae.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"409\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/cooperatives-equipped-on-digital-financial-literacy#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/cooperatives-equipped-on-digital-financial-literacy\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"COOPERATIVES EQUIPPED ON DIGITAL FINANCIAL LITERACY\",\"datePublished\":\"2022-04-27T12:17:00+00:00\",\"dateModified\":\"2022-04-27T17:05:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/cooperatives-equipped-on-digital-financial-literacy\"},\"wordCount\":464,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/cooperatives-equipped-on-digital-financial-literacy#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/eswatini\/sites\/33\/2022\/04\/img-626977d9b20ae.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Eswatini\",\"Eswatini\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/eswatini\/all-news\/cooperatives-equipped-on-digital-financial-literacy#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/cooperatives-equipped-on-digital-financial-literacy\",\"url\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/cooperatives-equipped-on-digital-financial-literacy\",\"name\":\"COOPERATIVES EQUIPPED ON DIGITAL FINANCIAL LITERACY - 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