Managers of Wealth Africa

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.

Open banking seen boosting Nigeria’s fintech growth

“By embracing open banking, traditional banks can stay competitive and offer new and improved financial products and services to their customers,” it said.

Microsoft Surface – The ultimate tech ecosystem for South African businesses

It also gives companies greater insight into each device’s health, including whether all appropriate security measures are in place and working appropriately.

Flutterwave Partners with Microsoft to Accelerate African Payments Infrastructure on Azure

The five-year partnership between the pair presents an opportunity to foster growth and impact across the continent.

Airtel Africa ready to list Kenya unit on NSE as licensing condition

The listing will see Kenyans trade shares in the second-largest telco in the country dominated by Safaricom.

Johannesburg Stock Exchange expands cloud-based colocation services offering

Clients will gain the ability to access on-demand private cloud computing and low-latency analytics packaged within Colo 2.0

Court freezes 45 bank accounts of Nigerian tech firm Flutterwave

The Nigerian nationals have sued Flutterwave, naming six financial institutions that hold the company’s funds as interested parties.

Co-op Bank migrates to Sh7bn Finacle system

The new system was built by Infosys Limited—an Indian multinational IT company.

South Africa’s biggest companies trust Codehesion with their app development – This is why

Codehesion offers its clients a range of app development services, all delivered by its highly-skilled experts.

African banks progress towards digitalisation

How strong is the demand for digitalisation of banking services in the continent and how are African banks dealing with it? A new survey paints a picture of gradual growth and progress.

Bank run scare on CBK plan to issue digital currencies

The Kenyan version of the CBDC, whose introduction has been under debate for the last few years, prompted the CBK to issue a discussion paper in February last year but the feedback points to more threats than opportunities.

South Africa Launches AI Industry Association to Drive Responsible Adoption

By analysing the global and local landscape, identifying challenges and opportunities related to AI and smart technologies in South Africa, SAAIA has shaped its vision.

African Development Bank driving innovation to scale up climate adaptation

Opening the discussion, the African Development Bank Vice President for Power, Energy, Climate & Green Growth, Kevin Kariuki, said climate investments favored climate mitigation over adaptation, but that this was not to Africa’s benefit.

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