Managers of Wealth Africa

Mastercard Launches Masterpass QR bot for Messenger

This Messenger experience will launch in Nigeria, where Mastercard will pilot a new Masterpass QR bot to help business owners' move beyond cash transactions to accepting QR payments.

Orabank Selects CR2 To Enable Digital Banking Suite In 12 Countries In Africa

With ORABANK’s move to digital imminent, CR2 is seen as the ideal partner to expand its channel offering and help the bank continue to compete at the highest levels.

Fintech firms must ‘collaborate or fail’ warns Capgemini

FinTechs drive revitalization of the financial services customer journey

‘Digital tech, key to Ecobank’s cashless Africa drive’

“For instance, Rwanda, where the summit is taking place, is seeking to move from a cash-based economy to a digital one."

Keeping up with the robots

Automation may pose a threat to jobs, but it also puts an added psychological pressure on staff who have to keep pace with the robots

Virgin Money wants to bypass EFT in SA

In January, it was announced that the Virgin Group invested in the Cape Town-based wiGroup, which will use the funds to fast-track its expansion into emerging and developed markets.

Blockchain Starting To Take Hold In Africa

Africa is the last frontier for payment companies.

Cryptocurrencies Surging in Africa as Alternatives to Traditional Banking

Global wallet and exchange Luno reported 2000 BTC worth of transactions in November 2017

Standard Bank mulls South African MVNO

In 2015, First National Bank (FNB) became the first financial institution in the country to launch an MVNO, using Cell C’s infrastructure.

Ecobank fintech boosts financial inclusion in Africa

However, there are many barriers to wider use of new technology where a step change is needed in attitudes and approaches towards innovation.

Rand Merchant Bank to transform into a digital bank

As an innovation hub, the FOUNDeRY gives RMB the space to experiment safely with new ideas and encourages people to think differently while still striving for excellence each day.

Absa goes live with Finastra PAYplus for CLS

Absa became a direct CLS settlement member at the end of 2017, having previously been an associate member, operating through Barclays.

FOUNDeRY: Rand Merchant Bank’s transformation into a digital bank

As an innovation hub, the FOUNDeRY gives RMB the space to experiment safely with new ideas and encourages people to think differently while still striving for excellence each day.

Reserve Bank confirms that it is looking to regulate Bitcoin and cryptocurrencies

The SARB expects to complete the review in the second half of 2018.

Mauritius plans to set up sovereign fund to develop Fintech

Mauritius plans to establish a sovereign fund to provide seed capital for development of financial technology or fintech activities in the island nation.

Why should you consider outsourcing?

As wealth management businesses grow they start facing some internal challenges such as regulatory changes, increased demand from clients/investors and accessibility to back-office data.

South African bank partners with UnionPay on cashless options

UnionPay is one of the world's leading card payments systems and hosts the majority of transactions in China.

Proparco secures US$5m stake in TLcom TIDE Africa Fund

The financing institution believes mobile phone penetration is critical to sustainable development and the role played by tech start-ups.

South African central bank sets up full-time fintech unit

South Africa has a relatively small, but growing fintech industry

How secure contactless cards are in South Africa

The head of consumer issuing at Absa Card, Tshipi Alexander, said they randomly request a card’s PIN – even on small transactions – as an additional safety measure.