Managers of Wealth Africa

South Africa is launching a new banking payment system this year – what it means for you

The project is in the implementation stage and barring unforeseen circumstances should be launched into pilot later this year.

FNB Community Bank enlists Teslar to automate lending processes

With Teslar, FNB Community Bank can better track exceptions and manage documents, increasing visibility into the pipeline and empowering lenders with easier access to relevant borrower and portfolio data.

Central African Republic launches official digital currency ‘Sango Coin’

These elaborate plans have, however, been met with some skepticism from observers.

Mono Grows Nigerian Open Banking Platform Into Kenya

The company’s growth into Kenya also means internet businesses can build new offerings and experiences in lending, buy now, pay later (BNPL), finance and asset management, mobile money and other areas.

Nigerian fintech Moove lands $20m from British International Investment

Launched in 2020, Moove provides revenue-based vehicle financing and financial services to mobility firms.

AIOps provider ScienceLogic expands to South Africa

In the last year, South African research house, BMI-T, valued the South African AIOps market at R914 million, with R374 million of annual spend in the financial, business and other services sector.

CoinMENA joins Visa’s Fintech fast track program

The company will also leverage the Visa Fintech Fast Track program to introduce a series of partner initiatives specifically designed to simplify onramp and offramp operations for its users.

More African central banks are exploring digital currencies. Here's why

Several sub-Saharan African central banks are exploring or piloting new digital currencies, as this chart shows.

SA’s first private bank for crypto

OVEX has positioned itself as SA’s first private bank for cryptos, opening some surprising use cases for hedge funds and asset managers.

Insurtech company wins at the inaugural Viva Africatech awards

This was reiterated during the first-ever Viva Africa Tech awards which took place from 15 to 18 June 2022 in Paris

Absa Bank, Visa Partner To Launch Seamless Money Transfer Service

The service will have a maximum transaction value of Sh1million, for both domestic and international transactions.

4 cybercrime trends that South Africans need to know about

Cybercrime has become a very lucrative business for cyber criminals

E-commerce, payments and unlocking the potential of the AfCFTA: Africa

Successful implementation could see 30 million people lifted out of extreme poverty while raising the incomes of 68 million more, according to the World Bank

Digital currencies: These African central banks are exploring CBDCs

Following Nigeria’s October introduction of e-Naira, South Africa and Ghana are running pilots

Ghana’s Fido raises $30m Series A to broaden financial inclusion in Africa

Fido broadens access to financial services through automating banking services such as customer onboarding, credit analysis and fraud detection.

Firms in digital race to stave off supply chain disruptions

Warehouse fees went up at ports and the cost of importing materials rose.

Africa-focused fintech startup Fido raises $30M

This brings the company’s total funding to $38 million thus far.

State of Open Banking in Europe, Africa and the Middle East

Many of the central tenets of OB have their origins in the free-market economics and open-source software movement of the late twentieth century.

BIS compares projects to transfer central bank digital currencies across borders

The international bank found high technical feasibility among the projects, but significant work on legal and governance frameworks still remains to be done.

Bank of Ghana rolls out mobile wallet

Addison says that the new wallet will help to expand the use of electronic payments, building on the success of the GhIPSS Instant Pay service over the last decade.

FinTech