08/05/2022
Capitec SA Experiences Outages on its Banking App
The bank says that IT technicians are currently “doing everything they can” to repair the problem.
FinTech
08/05/2022
New features coming to eBucks and the FNB banking app
FNB is also adding to its portfolio of FNB Connect products, including fixed wireless LTE packages and smart home deals on its banking app.
08/04/2022
Ongoing: Unknown “Malicious Actor” Drains Millions From This Crypto Blockchain
Engineers are currently working with security researchers and ecosystem teams to identify the root cause of the exploit, which is currently unknown.
08/04/2022
Fintechs in Kenya Face Severe Consequences From CBK for Dealing Without Licensing or Authorisation
The move comes days after CBK Governor Patrick Njoroge told the media at the Monetary Policy Committee meeting that the two fintech firms were not licensed to provide remittance and payment services in the country.
08/04/2022
Tyme Bank Makes Major Moves in SME Fintech with New Acquisition
“Together, we look forward to providing access to innovative solutions to ensure business owners can fuel their growth, drive job creation and contribute to the broader economy,”
08/04/2022
3 QR Code-based payment systems used in Africa
After the quick adoption of mobile payments in Africa, QR codes – a simple technology entered the payments sector, ensuring safe transactions for customers and merchants.
08/03/2022
Nedbank Joins Forces With Digital-Deal Maker for its Customers
The new partnership will enable Nedbank’s clients to grow their business on a trusted and world-recognised platform.
08/02/2022
Software Firm Odoo Says Jambo to Kenya
The firm began operations in its Kenyan arm on 1 July 2022, and it is reportedly seeking to hire 50 new employees to fill the new offices within a year.
07/26/2022
Zimbabwe launches gold coins as legal tender to tackle hyperinflation
According to the International Monetary Fund, inflation in Zimbabwe reached 837% (year on year) in July 2020 and, although tighter fiscal policy helped reduce it to 60.7% by the end of last year, it remains in the high double-digits.
07/25/2022
Tanzanian fintech firm eyes a piece of Kenya's Sh420 billion remittance pice
“This partnership will allow our customers to send money directly from their banks, through the Nala app, instantly and at the most competitive rates to Equity Bank Kenya accounts and other mobile wallets,” said Mr Fernades.
07/25/2022
Nigerian firm, Temenos enhance Ghanaian bank’s digital growth
The platform will re-imagine customer engagement and the efficient delivery of consistent, and seamless experiences across multiple channels.
07/22/2022
South Africa’s banking sector is desperate for these skills
Cybercrime has grown exponentially as a risk to banks, and there is an increased demand for cybersecurity skills
07/21/2022
Momentum Investments Selects SS&C Sylvan
Leading South African firm selects award-winning solution to advance performance measurement activities
07/21/2022
Fintech Landscape of Turkey in 2022
Its unique historical and cultural bridge between Europe, the Middle East and Asia puts the country in a favourable position with respect to economic growth.
07/20/2022
Do central bank digital currencies have a future in Africa?
Fintechs are queuing up to offer their services to implement CBDCs, but does the lack of success of Nigeria’s eNaira mean governments should be cautious about this revolutionary initiative?
07/19/2022
Cassava Wins $50-Million Investment for Africa’s Cybersecurity
Cassava Technologies has operations in more than 20 African countries and has been at the forefront of bringing innovative technology solutions to local businesses and individuals.
07/19/2022
Several African Fintech Startups Shut Down Services Amid Shady Activity
BIN is the first 4 to 6 numbers on a payment card to identify the card issuer.
07/18/2022
Robots take up the cybersecurity fight, SLVA Cybersecurity
Every day more and more people and businesses are held to ransom as exposed vulnerabilities are exploited by criminals.
07/15/2022
Mobility fintech Moove Africa raised US$200 mln in 2020-2022
The deal is Moove Africa's first transaction with an African bank.
07/14/2022
South Africa testing ‘digital rand’
The South African Reserve Bank has previously tested a digital currency for local use as part of its Project Khoka programme, which looked at using blockchain technology to speed up payment systems in the country.