Managers of Wealth Africa

FirstBank Launches Automated Self-Service Branch In UI

First Bank of Nigeria Limited has launched its second fully automated branch

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.

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

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. .

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.

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.

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

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?

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.

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

FinTech