05/25/2023
Chinese hackers attacked Kenya in part to assess debt
The security breach started with a spearphishing attack after a State employee downloaded an infected document unknowingly in 2019 and went on up to last year
FinTech
05/24/2023
MultiChoice betting big on gambling and new payment platform in South Africa
MultiChoice said that it is partnering with KingMakers, a sports and gaming betting company, to launch a new online betting service in South Africa.
05/22/2023
UBA, Access Bank, GTB, 6 Others Cash Out N74 Billion From Mobile Apps, USSD, PoS Transactions
FBNQuest stated that the increase in the value of electronic transactions in Q1 of 2023 compared to last year could be due to CBN’s naira redesign policy and the reduction of cash in circulation.
05/22/2023
Kenyan banks jump onto AI bandwagon
Fintechs and telcos eating into their market is making them innovate
05/19/2023
Stanbic IBTC unveils fintech subsidiary
The subsidiary will leverage cutting-edge technology and expertise to provide customers with new and improved ways for businesses
05/17/2023
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%.
05/16/2023
Facctum launches anti-fincrime technology for Nigerian banks
Facctum uses a combination of cloud and state-of-the-art parallel processing technology
05/11/2023
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
05/10/2023
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.
05/08/2023
What digital banking looks like one year post-Covid
Redefining traditional banking without losing the personal touch.
05/05/2023
Nigeria confirms 5% duty exemption for telecom sector
A six-member committee recommends concessions for the sector
05/05/2023
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.
05/05/2023
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.
04/30/2023
The Growth of Mobile Money in Africa and its Impact on Traditional Banking Systems
Understanding the mobile money revolution
04/30/2023
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
04/26/2023
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.
04/25/2023
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
04/24/2023
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.
04/21/2023
Unlimint expands reach to Nigeria
This milestone development authorizes Unlimint to operate as a recognized payment service provider in the region
04/20/2023
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.