Managers of Wealth Africa

Kenyan banks jump onto AI bandwagon

Fintechs and telcos eating into their market is making them innovate

Stanbic IBTC unveils fintech subsidiary

The subsidiary will leverage cutting-edge technology and expertise to provide customers with new and improved ways for businesses

Big trouble for Telkom

On a normalised basis – excluding once-off costs – the picture is slightly better for the group, but the hit to earnings is still severe, with a reduction between 60% and 80%.

Facctum launches anti-fincrime technology for Nigerian banks

Facctum uses a combination of cloud and state-of-the-art parallel processing technology

Digital banking: Kenya welcomes Fingo Africa

It empowers Africa’s youth by enabling them to open a bank account for free by means of their mobile phones in less than four minutes

StanChart sets 6.58 percent rate on its mobile lending

StanChart’s SC Juza platform allows one to borrow from Sh1,000 to Sh100,000 every week. The cost of the short-term credit comprises a processing fee of 5.5 percent and interest rate of 1.08 percent per month.

What digital banking looks like one year post-Covid

Redefining traditional banking without losing the personal touch.

Nigeria confirms 5% duty exemption for telecom sector

A six-member committee recommends concessions for the sector

Cost of sending mobile cash up, bank transfers to fall

The reintroduced rates are lower by up to 61 percent from what was in place before the pandemic.

Rain launches into the mobile network space

Customers with rainOneTM can seamlessly port their existing number and use rain mobile as their primary SIM, with national 4G mobile coverage.

The Growth of Mobile Money in Africa and its Impact on Traditional Banking Systems

Understanding the mobile money revolution

BOI Charges SMEs on Innovation to stay Afloat

“In most economies, SMEs contribute between 40-55% of GDP and 50-80% of employment, according to the World Bank. 22% of Africa’s working-age population are entrepreneurs – the highest entrepreneurship rate in the world according to Afric

Africa must leverage big data to accelerate growth

Kickstarting 4IR in Africa cannot and should not be implemented by a company sitting in Silicon Valley.

PayShap – South Africa’s first rapid payments programme launched

PayShap is the outcome of an industry-spanning collaboration, driven by BankservAfrica, the Payments Association of South Africa and the South African banking community

Africell launches Afrimoney mobile money platform

The launch of Afrimoney also represents a success for Angola’s government, which is pursuing a long-term economic strategy focused on digital services and technology.

Unlimint expands reach to Nigeria

This milestone development authorizes Unlimint to operate as a recognized payment service provider in the region

Kenyan startup Copia shuts Ugandan operation

Copia, founded in Kenya by Tracey Turner and Jonathan Lewis in 2013, is a business-to-customer (B2C) platform that allows unserved and underserved customers to order goods through its mobile technologies, agents and logistic channel.

Nigerian fintech gets recognition in US

According to the lead organiser of the summit, Mr Andrew Barden, the fintech emerged as the winner of the award after an extensive and in-depth “analysis of its role in the retail and trade markets across Africa

Nigerian mobile money accounts grow by 22%, says GSMA

“Of all adults with a mobile money account, 88 per cent have one registered in their own name (a nine percentage point increase year on year).”

Businesses can protect themselves from scammers

The longer it takes to identify and report a scam involving changed banking details, the more damage can be done.

FinTech