Managers of Wealth Africa

Airtel Nigeria acquires 5G spectrum for $317mln

The spectrum will enable launch of high-speed connectivity and accelerate digitalisation

Free mobile transfers push transactions above half of GDP

This was an increase from 48.7 percent in 2020 and is projected to surge to 68 percent by end of this year, analysis of the CBK data on mobile money transactions shows.

Digital asset adoption, CBDC efforts, new laws and more: Africa’s 2022 in review

Morocco saw the biggest uptick in adoption, ranking 14th globally. This is even more impressive when you recall that Bitcoin has been illegal in the North African country since 2017.

Demand for digital identity verification surges across Africa

This highlights the need for new digital players to provide solutions and the main reason behind the aggressive expansion journey on which Pan-African fintech innovator, iiDENTIFii, has embarked.

Naspers and Prosus have now banked R120bn from Tencent equity sale

The money will be used to fund an ongoing buyback of its own shares

VerifyMe named company of year at BAFI

This is another milestone for us and reinforces our commitment to growing Africa’s trust economy by connecting businesses to trusted identities and critical consumer data in order to help them scale in a sustainable, safe and secure manner.

NCBA Bank to Mobile Money Charges Effective January 2023

It will now cost you money both when adding cash to your mobile money account from your bank, and when depositing.

Think twice before hitting retweet: major clampdown on digital abuse in South Africa

In 2021, South Africa was ranked third in the world for having the highest number of cybercrime victims.

Overview of the exposure guidelines for contactless payment, 2022

This means that secure payments can be made with tags, debit/credit cards, smart cards, mobile and other devices that use Near-Field Communication (NFC), Radio Frequency or QR Codes.

4 digital banks paving the way for digital transformation in South Africa

The digital transformations have paved the way for the birth of digital banks in Africa, forming the springboard for what 2023 will unfold.

Bank of Africa signs for NetGuardians fraud prevention tech

The software reduces the volume of false positives, providing an excellent customer and user experience whilst decreasing operational costs.

'Ecobank to Continue to Invest in Digital Financial Products, Services'

As part of the programme, characterised by the singing of Christmas melodies, there was a light parade which started from Ako Adjei through to the College of Physicians and Surgeons, where the programme was held.

BANK OF AFRICA Chooses NetGuardians’ AI Software to Reinforce Internal and Payment Fraud Prevention

Building an intricate anti-fraud culture is paramount to the growth of pan-African banking, as five of the top 10 countries most affected by fraud are in Africa, according to the Global Economic Crime and Fraud Survey.

Africa: Small Loans - Microcredit Means More People Can Borrow Money - but More Scrutiny Is Also Needed

In an attempt to restore confidence, global development agencies quietly rebranded microfinance.

Kenyan Bitcoin Mining Startup, Gridless Raises $2 Million In Seed Funding

The company plans to expand to other geographies in East Africa in the near future.

Nedbank: Shifting digital boundaries with commercial banking redesign

Nedbank recognised that commercial market companies want more trusted support from a bank – they want advisors that can offer advice, insight, and support to take their respective businesses to the next level.

How Crypto will Change Banking in Africa

Africa’s banking is still largely cash-based but there has been an increase in the use of digital payment systems within Africa, especially in the sub-Saharan region.

Visa pledges to invest $1 billion in Africa

The investments will also focus on strengthening the payment ecosystem through new innovations and technologies, supporting digitisation of economies, and investing in upskilling, talent development and capacity building.

Nigerian Agricultural Fintech Wins 2022 Visa Everywhere Initiative

Thrive Agric has also been announced as the winner of the Visa Direct award for its role in shaping the future of money movement in Nigeria.

Polaris Bank CEO urges auditors on tech

Given the dictates of digital transformation, audit function must become more proactive and less reactive, he said.

FinTech