Managers of Wealth Africa

Banks and MNOs set for sub-Saharan African mobile money market fee bonanza

Banks and MNOs still have time to cash in

Gates’s prediction for mobile banking in Africa ‘on the money’

"Digital banking will give the poor more control over their assets and help them transform their lives and, by 2030 , 2-billion people who don’t have a bank account today will be storing money and making payment with their phones"

Why Africa may be on the verge of an Internet boom

A string of startups aimed at the Nigerian market have attracted huge VC backing, and many believe their success could spur on the region.

African Mobile Money Providers To Earn USD 1.5B By 2019

Eight of the ten countries that make the most use of mobile financial services are in Africa, and sub-Saharan Africa has the highest proportion of active accounts (43 %).

South African banks safe from $1 billion hacking heist

Up to a 100 banks across the world have been the target of a hacker group called Carbanak that managed to trick, hack and circumvent banking software and get away with $1 billion

African mobile money market set to grow by $1.5 Bln by 2019

The use of mobile financial services in sub-Saharan Africa to do such things as pay utility bills and send money to relatives could produce an estimated $1.5 billion in fees for mobile-money providers by 2019

Banks intensify efforts on customers’ biometric registration

It is an initiative of the Central Bank of Nigeria (CBN), in conjunction with the Bankers’ Committee meant to address the safety of customers’ funds

ChamsMobile, Skye Bank partner to launch Virtual Visa Card in Nigeria

The Central Bank of Nigeria’s financial inclusion strategy has received another boost with ChamsMobile

FCMB Launches Mobile PoS Terminal

First City Monument Bank (FCMB) Limited has unveiled a Mobile Point of Sale (MPoS) terminal, which it christened FCMB PayPad

Misys FusionInvest wins “Best OMS provider” in the MENA Fund Manager Services Awards 2015

The MENA Fund Manager awards are designed to identify the region’s top performers from the investment management industry

KPMG offers Africa Business App

The KPMG Global Africa Practice has unveiled its Africa Business Guide App, which provides country-specific business information to potential investors.

Upwardly mobile: the power of a united approach to African payment innovation

The growing use of banking services in South Africa is driven by a national rollout of social security debit cards and strong economic growth across finance, real estate and business services sectors.

SA start-up acquired by major Australian bank

Commonwealth Bank of Australia has acquired Tyme, a South African based technology company that designs, builds and operates digital banking ecosystems.

Nedbank buys into SA cellular airtime business

Nedbank Capital is the investment banking business of the Nedbank Group.

Electronic payment systems gaining momentum in Kenya

Although use of electronic payment systems, especially use of debit and credit cards, is still low in Kenya, card companies are positioning for a slice of this market.

IFC Partners with Cignifi on mobile money in Uganda

IFC is excited to be working together with Cignifi and Airtel Uganda

Standard Bank eyes digital space in 2015

Speaking at an interaction with journalists in Blantyre, Mashanda said the bank’s digital ambitions aim to add value to its current business offerings while enriching the customer’s experience.

South African bank deploys Nuance voice biometrics

The FreeSpeech technology analyzes the client’s voice to compare it with their unique voiceprint on file

Ethiopia: Mobile Money schemes for Bankers

Netherlands-based BelCash is offering a technology called helloCash

Kenya: Chase Bank, iHub Partner to Develop Technologically Advanced Ecosystem

Chase Bank and iHub have entered into a partnership which will see the two parties co-operate towards the creation of a technologically advanced ecosystem to improve accessibility

FinTech