We recently helped an amazing Virtual Reality startup protect itself against the legal risks associated with Beta Testing its product. In this blog post, I share some things you should consider before conducting a Beta Testing Assessment of your product (app/platform).
What is Beta Testing?
Beta Testing is an Acceptance Testing method in software development which adds value to the product as intended real-world end-users validate the product for functionality, usability, r
When a consumer shops online, the consumer is, in essence, interacting with electronic agents (there is no human being accepting your request to “check out”). Section 20 and 22 of the Electronic Communications and Transactions Act 25 of 2002 (ECTA) give legal effect to online transactions. Section 20 of the ECTA deals with automated transactions. Section 20 (a) - (c) sets out instances where an agreement may be formed with an electronic agent. Section 20 (d) and (e) set out
Zambia’s Central Bank created a regulatory sandbox for the FinTech company Zazu, a completely digital bank. The Central Bank also simplified the regulatory hurdles for another Zambian FinTech company, Zoona (Mlambo, 2017). A regulatory sandbox is a unique concept that has found its place in the FinTech sector. A FinTech startup is able to operate within the sandbox to customised regulations and without having to move through the full authentication process established by the
The Namibian Ministry of Finance published the Namibia Financial Sector Strategy 2011-2021 but while this deals with the need for reforms to mitigate financial exclusion, consumer protection, skills development and other areas within the financial sector, there is a paucity of information on regulating fintech. The financial and banking sectors are increasingly reliant on technology and the Payments Association of Namibia (together with other industry stakeholders) has introd
In 2018, the National Bank of Angola announced that new banking regulations would be tabled at the National Assembly in 2019 to govern mobile banking. Standard Bank Angola also plans to increase its mobile money products as only 29.3% of Angolans have access to traditional banking services. (Tawanda Karombo, 2019) The National Bank and industry stakeholders hope that the advent of new regulations will boost the mobile money and digital payments sector and promote financial in