Managers of Wealth Africa

New digital banking platform launching in South Africa next month

The global digital banking market size was valued at $803 billion in 2019 and is projected to reach $1.6 trillion by 2027

Codehesion – South Africa’s software development experts

The result is a long list of satisfied clients and Codehesion winning multiple awards for its work – including a 2022 MTN Business App of the Year Award and two awards at the 2021 Supersonic New Generation Social & Digital Media Awards.

Backbase and Access Bank embrace the digital age

With the digital revolution now sweeping across Africa and affecting virtually all aspects of life, Africa’s banking industry has been scrambling to switch from traditional systems to cutting-edge technologies. Dulue Mbachu describes how the global

Cash Plus joins with Mastercard to issue international e-card in Morocco

This collaboration will allow for the inclusion of a large portion of the country’s unbanked population and financial ecosystem - especially young Moroccans.

Huge growth for South African software development company Codehesion

This growth was driven by Codehesion taking on multiple new clients and a range of mobile app and software development projects.

Nigeria Mobile Money Market Value Is Expected to Increase at a CAGR of Around 29.3% Over 2023-2028

In Nigeria, the rising internet connectivity and the growing adoption of smartphones are currently driving the market for mobile money.

Cashless Policy: Tales Of Sorrow, Tears Over Increasing Bank Fraud

Banks are ordinarily seen as secure places to deposit money.

2023: Why African Fintechs will continue to trend

The African Financial Technology (Fintech) ecosystem continues to expand despite global economic challenges

Kenyan banks are battling for a share of the mobile money market

Kenyan banks, increasingly embattled by mobile money providers, are looking to wrestle control from industry leader M-Pesa

Flutterwave eyes up Railsr

Earlier in the year, it was reported that the fintech was searching for a $100 million investment that would have pushed it into Unicorn territory.

Growth In Cashless Transactions Spurs New And Innovative Payment Solutions

The South African economy is under tremendous pressure with rising interest rates, high energy and fuel costs and debilitating power outages.

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.

FinTech