10/04/2022
Nedbank joins metaverse
The village will offer virtual gaming, a sports lounge and other services.
FinTech
10/04/2022
Microsoft, African Development Bank Partner to Promote Youth Entrepreneurship
Microsoft will collaborate with the bank through its African Transformation Office (ATO) to promote youth entrepreneurship ecosystems, create jobs, and significantly scale impact in Africa through digital inclusion.
10/03/2022
Pan-African Financial Institution Afreximbank Launches Payment Services ‘AFPAY’ to Boost International Trade
Afrexibank has launched its payment services ‘AFPAY’ to enhance international trade and profitability
10/03/2022
SA’s banks embrace the mobile virtual network operator space to drive digital inclusion
Capitec has made much of the fact that data will not expire, provided the SIM is used at least once in six months.
09/29/2022
Safaricom, banks lower Fuliza charges by up to 50 percent
The small credit facility has emerged as a leading mobile loan, disbursing Sh1.5 billion daily.
09/28/2022
Innovate your banking services in lightning speed
All across the financial services sector, organisations are competing to find the next big innovation. 77% of financial institutions globally are increasing their innovation efforts, with digitisation as a driving force. As a result, it’s no longer
09/27/2022
Microsoft Strengthens its Partnership with the African Development Bank
Though 10 to 12 million youth join the continent’s workforce every year, just over 3 million jobs are created, meaning large numbers of people remain unemployed.
09/26/2022
Huawei Partners With Absa Bank Kenya To Promote Digital Banking
It noted that Absa’s 83 branches countrywide alongside 212 Automated Teller Machines (ATMs), and internet and mobile banking services will benefit from the digital platform.
09/26/2022
Capitec launches mobile services
At R4.50 per 100 Megabytes or R45 per Gigabyte, Capitec Connect data is on average 50% below the normal market price, and the rates remain flat whether clients buy small or large quantities, the group claims.
09/23/2022
Kenya’s Central Bank Governor Finally Sees The Push For Bitcoin
Kenya’s legislative leader of the national bank, Patrick Njoroge, recognized that he was feeling the squeeze from cryptographic money lovers to change over the country’s stores into Bitcoin.
09/21/2022
Africa’s 5th Largest Bank Leads Metaverse Race with a Plot in Ubuntuland
Nedbank has teamed up with Africarare to buy a plot of land in Ubuntuland, making its first foray into the metaverse.
09/21/2022
Access Bank Drives Digitalization Agenda For SMEs
This notwithstanding, SMEs are grappling with the negative impacts of global health crisis.
09/21/2022
Rising Demand for Digital Payments in South Africa Says Mastercard
Most popular methods include account-to-account payments (86 per cent), digital money transfer apps (81 per cent), instant payment services (80 per cent), and digital credit or debit cards (78 per cent).
09/20/2022
Access Bank drives digitalization agenda for SMEs
The clinic on the theme ‘Unlocking the potential of SMEs through digitalization’ brought together seasoned entrepreneurs and experts in the field, business owners in and around Takoradi and virtual participants, to share insights into digital
09/19/2022
The importance of card and mobile money interoperability in Africa
That is, the industry must ensure that merchants are able to accept payments from any consumer, whether they’re using mobile money or a card and whether they’re online or offline.
09/16/2022
UBA extends social media banking to Instagram
Digital platforms continue to be the new strategies for financial firms to engage and gain customers amid increased social media activity and time spent on mobile devices.
09/16/2022
Financial Services Giant Old Mutual Appointed Manager of South African Stablecoin Project’s Cash Reserves
The South African financial services giant Old Mutual has reportedly been designated the manager of the cash reserves of the local currency-backed stablecoin — the zarp.
09/15/2022
“Bank of Mozambique Must Find Innovative Solutions To Consolidate Macroeconomic Stability”
The Bank of Mozambique should boost the process of digitisation of the economy, particularly payment systems, with a view to reducing transaction costs and improving their efficiency
09/15/2022
Latin American giant Ebanx moves into Africa
Importantly, a high level of mobile penetration and consumption in African countries positions the region to be the “next frontier”
09/14/2022
Digital Banking And Nigeria’s Economic Growth
The widespread uptake of new digital and real-time payment services in Nigeria helped unlock $ 3.2 billion of additional economic output in 2021, representing 0.67 % of the country’s GDP.