Managers of Wealth Africa

Growth of mobile banking boosts Co-op Bank Kenya's earnings

Kenya is considered a pioneer of mobile phone-based financial services.

African Fintech and Financial Inclusion in 2016

Many financial institutions and fintech startups are attempting to decrease the number of people who are unbanked and the African continent has undergone a number of fintech milestones this week, which in the long term, should alleviate the issue.

Visa to roll out PoS payments for users in Nigeria

Services that enable consumers in emerging markets to make payments at merchants’ point of sale are unusual.

What banks need to watch for to survive digital disruption

The massive amounts of data that banks generate and collect can provide a springboard to create and exchange value across ecosystems

CBN grants Fidelity Bank e-commerce platform licence

With the projected value of e-commerce in Nigeria expected to hit $13 billion by 2018, according to the CBN

Banks are scared of blockchain: Law experts

Blockchain the technology that underlies cryptocurrencies such as bitcoin is grabbing the attention of banks, says a prominent local law firm.

East Africa: FinTech Start-Ups Still Dominate #DemoAfrica2016

The report states that the reason why Africa is ripe for further fintech investment is because continent's population has no access to formal banking services.

Financial technology: Money finds new paths

An analysis by research firm Frost & Sullivan shows that financial technology (fintech) in Africa can expect exponential and rapid growth

Standard Bank joins rush to mobile banking

Standard’s mobile banking has been doubling year over year.

China’s WeChat on carving out a market in Africa

The social communications platform, which dominates the Chinese market, is now competing for market share in the African region where it sees potential for growth.

European lenders join forces to invest in African FinTech

Arise is said to be worth almost $660 million, and will have more partners in the future.

Key challenges, opportunities for tech startups in emerging markets

The outsourcing market in technology cannot be complete without the mention of India and other emerging markets.

Barclays Africa eyes Digital Academy expansion

As competition in the market gets tougher, most South African banks are moving to introduce innovation centres.

Your Phone As Your Bank Account!

Mobile phone subscribers can also transfer money to any mobile number - and spend the money directly from their mobile money account to pay for goods and services.

2,036 staff fired by banks in 2015 after automation

This is an indicator of the banks’ improved efficiency as a result of automated processes hence reducing the number of required clerical and secretarial staff,” the CBK says.

Fintech isn’t disrupting Africa’s financial industry—it’s building it

Even those in urban areas are priced out of more developed financial services such as credit and insurance.

Can Africa Become an Innovator in Digital Technology?

It’s a boom that’s changing every industry, if not least how businesses operate.

Kenya Commercial Bank tightens banking app security

The KCB App – which is available in Kenya and Rwanda – now features encryption that is set to safeguard and protect a customers’ details (identity & financial information)

Ndulu directs banks to offer quality financial services

BANKS and financial institutions in the country must adopt technology that will enable delivery of quality financial services to the majority of Tanzanians at affordable cost, Central Bank Governor, Prof Benno Ndulu, said yesterday in Dar es Salaam.

Botswana: BSB Taps Into Technology

He noted that the launch by Botswana Savings Bank is just one amongst the many initiatives that the bank will be rolling out to drive the financial inclusion agenda.