08/14/2023
Standard Bank eyes crypto in South Africa
Standard Bank, Africa’s largest lender by assets, will instead monitor the evolution of digital currencies while being mindful of the risks.
FinTech
08/10/2023
Zain Group reports net profit of 14% for Q2 2023
The mobile voice and data services operator reported that it served 52.7 million customers at the end of the period across seven countries
08/10/2023
Robust growth in the value of e-payment transaction
Cumulatively, the total value of transactions processed through the NIP platform increased by 45% to NGN123.9trn in Q1 ‘23. .
08/08/2023
Digital payment fraud on the rise in South Africa, warns Ombudsman for Banking Services
The South African Ombudsman for Banking Services says digital payment fraud is on the rise in SA.
08/07/2023
Banking scam — international crime syndicate targets South Africans using smartphones
The banking ombud, Reana Steyn, has sounded an alert after her office recently received about 124 near-field communication (NFC) fraud-related complaints.
08/04/2023
Nigeria’s biggest companies post losses worth $385mln as naira weakens
Apart from weakening the naira, the government has also ended a fuel subsidy that cost $10bln last year
08/03/2023
How can Africa guard against cybercrime?
With increasing digitalisation and use of online and mobile transactions, cybercriminals are having a field day. What is the scale of the problem and how can global law enforcement head off the criminals?
08/03/2023
Businesses should take steps to protect customer data or risk costly lawsuits
Last month, a well-known Kenyan business was allegedly hacked and customer details such as credit card data were published.
08/02/2023
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.
07/31/2023
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.
07/31/2023
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
07/28/2023
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.
07/27/2023
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.
07/26/2023
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.
07/24/2023
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
07/20/2023
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.
07/19/2023
Elon Musk’s satellite data firm enters Kenya market
Users will be able to engage in common internet activity
07/18/2023
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.
07/17/2023
GTBank apologises for issues with mobile app update
GTBank was trending for the same issue
07/13/2023
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.