Under POPIA, companies found to have breached data protection rules face severe penalties, including fines of up to R10 million (roughly $550,000) or prison sentences of up to 10 years.

The platform boasts over one million cash points of sale, contributing to a 25% increase in payment conversion rates. Encouraged by these results, the company is now planning to open this payments solution to external merchants, with a potential launch before Christmas 2024.

In essence, Omnisient is a company that helps financial institutions like banks and insurance companies make better decisions about who to give loans or insurance to.

The online battle quickly descended into a “Bolt for Bolt” exchange, with users on both sides vowing to outdo the other.