Managers of Wealth Africa

Firms woo middle class with mobile money hire purchase

BNPL is a type of short-term financing where consumers can pay for items over time after an up-front payment.

Insurance Operators Takes to Technology for Seamless Operations, Access to Customers

The insurers have also launched a website where all operators and agents are expected to upload the details of their motor insurance policy issued for record keeping and authentication.

African Development Bank Partners with Cabo Verde to Boost Climate-Resilient Technology Park

The project is collaborating with international universities and corporations to provide soft skills training to 300 African youth over the next three years

Hackers shake Kenya’s digital financial system

But it is the hacking of e-Citizen — a government e-services portal — that has shocked the national intelligence and financial systems on the risk of a shutdown of public services days after the government shifted to the platform.

The pivotal role of digital credit in Kenya’s economy

Small and Medium-sized Enterprises (SMEs) are the backbone of Kenya's economy, driving employment and economic diversification.

iKhokha and Mastercard partner to drive contactless payments in South Africa

While businesses have embraced digital payments, many still operate on a cash basis as card machine rentals or upfront investments prevent them from going digital.

Kenya's Safaricom, TerraPay extend mobile money reach to Bangladesh, Pakistan

More than 32 million Safaricom subscribers will be able to transact with the Asian countries

Cash handled by mobile money agents drops Sh76bn

The weakening of the Kenyan shilling against major global currencies has led to a high cost of imports that has in turn led to an increase in the cost of goods.

Elon Musk’s satellite data firm enters Kenya market

Users will be able to engage in common internet activity

Safaricom gears up for satellite data services

Texas-based AST SpaceMobile is building the first space-based mobile broadband network accessible directly by standard mobile phones.

GTBank apologises for issues with mobile app update

GTBank was trending for the same issue

Digital Lending: FCCPC Insists On Deletion of Operators’ Apps over Defamation, Harassment

The FCCPC Boss also spoke on involving the use of AI to boost the processes involved in money lending by these online banks, saying FCCPC will regulate its application to forestall abuse of consumer rights.

The future of Pay by Bank in South Africa

A large part of the rising demand coming from South African consumers has been a desire for easier, faster and more secure ways to pay.

Bank customers lose N472m to fraudsters in three months –Report

The FITC data also revealed that there was a 79.44 per cent decrease in the total amount involved in fraud cases in Q1 2023 compared to the previous quarter, with a decrease from N12.58bn to N2.59bn.

Govt to shut online banks pestering debtors

The Chief Executive Officer of the FCCPC, Babatunde Irukera, said the commission was ready to permanently shut down the activities of these apps.

Collaboration will drive cashless adoption – Remita MD

“collaboration among stakeholders will create revolutionary technology that made financial transactions easier and more accessible.”

SA data warehouses move to cloud for cost savings, analytics and scale

“When the cloud frenzy first started, everyone thought it would be significantly cheaper. But the South African market has matured, they understand the need for cost optimisation and careful management.”

TerraPay and Attijariwafa Bank Bring Real-Time Money Transfers to Bank Accounts in Morocco

The collaboration will also see TerraPay leverage Attijariwafa Bank’s expertise in person-to-person payments

Banks grow e-banking revenue to N96bn – Report

This was an increase of 23.84 per cent from the N77.91bn recorded in the previous quarter of 2022.

UBA introduces Nigeria’s first Braille bank account for the blind

They’ll be able to start and finish the account opening process independently.

FinTech