Managers of Wealth Africa

FirstBank, Etisalat Collude On New Mobile Money Scheme

The Central Bank of Nigeria opened up the Mobile Money highway in 2009

Mobile banking not taking off as expected, banker warns

Mobile phones have been touted as the solution to banking for the poor in Africa, given that phone penetration is so high

ICS Financial Systems extends leading presence in Africa

ICS Financial Systems Limited, a global software and services provider for banks and financial institutions, partnered with new banks through expansion of its operations in Kenya, Rwanda and Uganda.

Banking the underbanked through mobile payments

IT has been widely acknowledged that the financial inclusion initiative of the Central Bank of Nigeria will be largely driven by mobile money.

Global Technology Firm Expands to Kenya

A global software and services provider for financial institutions has expanded its operations into Kenya via a partnership with Guaranty Trust Bank to provide latest banking technology.

SA banks and telecoms in race for the unbanked

The finance vertical, which includes banking, insurance, and securities and investments, will be the second-biggest vertical in terms of IT spending in 2015, with total expenditure of $1.88 billion.

Equity encounters stiff challenges from opponents

A report by the House Committee and two court cases challenging the bank’s subsidiary, Finserve’s entry into the market dominated by Safaricom, is spelling doom for the new entrant.

Beware these card skimming scams in SA

Nedbank warns that card skimming is by no means a criminal pastime of bygone years.

Kenya to receive M-SASA mobile payment platform

Dubai Bank Kenya has revealed a partnership with Rapid Communications. The partnership aims to launch a mobile banking platform called M-SASA.

Firstmonie Wins Award

This award recognises a leading mobile money operator that is making impact that has significantly driven the uptake of mobile money in Nigeria.

Cape Town City Council pushes for establishment of green tech hub

The City of Cape Town’s Council has supported the Western Cape Government’s application to the National Department of Trade and Industry (DTI) for the designation of the Atlantis industrial area as a Green Technology Special Economic Zone.

Nigerians Say Digitisation Has Impacted On Banking, E-Commerce

They also told the News Agency of Nigeria (NAN) in Lagos that government could still do more to aid internet penetration.

Tower company, IHS, gets $200m loan from World Bank

The World Bank’s private sector arm has lent $200 million to Nigerian phone tower company IHS to help to fund its purchase of about 2,100 tower sites from the country’s No.4 mobile operator Etisalat Nigeria.

Standard Chartered signs with Earthport to extend international ACH reach

Standard Chartered has signed a multi-year agreement with Earthport plc. Standard Chartered offers market leading International ACH coverage in its network of fast growing markets in Asia, Africa and Middle East.

Experian SA offers fraud prevention solution

Experian SA has launched the National Fraud Prevention Solution to address the significant threat of identity and credit application fraud in South Africa.

Heritage Bank Unveils Nigeria’s First Portable PoS Device

Emerging Nigerian bank, Heritage Banking Company Limited, has introduced Nigeria’s first portable POS solution.

Ecobank Honored for Best Use of IT in Wholesale Transaction Banking

Banking Technology Awards Recognize Ecobank's Transformative Implementation of a Pan-African Platform for Payments and Cash Management

Bank on tech innovation in 2015

The local banking sector has seen a number of steps forward this year, with mobile money, mobile payments and Internet-enabled services gaining ground plus innovations like local start-up thumbzup's Payment Pebble and Payment Blade coming to market.

SS&C Acquires DST Global Solutions

The acquisition further solidifies SS&C’s position as the leading global provider of investment management software and outsourcing services.

UBA, Airtel to launch mobile financial services across Africa

United Bank for Africa is partnering with telecoms firm, Bharti Airtel to provide mobile-based financial services across Africa through Airtel Money.

FinTech