Managers of Wealth Africa

FirstBank partners NIBSS to drive digital payment convenience with Nigerian Quick Response

The initiative is accessible on the Bank’s payment infrastructure as the NQR code can be used to make payments through one’s FirstMobile App.

Emerging Africa Group acquires majority stake in Fundall to build Africa’s first financial super app

Fundall is building Africa’s first financial super app, to help individuals and businesses spend smartly, manage money and grow money – from living their best lives every day to planning for the future.

Nigeria digital bank Brass raises $1.7m funding round exploring Africa expansion

Brass has thus far served thousands of businesses and helped disburse over $2 million in credit

MFS Africa Expands to Nigeria After This Massive Fintech Acquisition

By combining Baxi’s network of SMEs operating as agents with our pan-African network, we aim to take Nigeria’s SMEs to the rest of Africa and the world.

MFS Africa to buy Nigerian super-agent network Baxi

The focus areas of both companies are complementary. Baxi simplifies and integrates online and offline payments for SMEs and merchants in Nigeria through its omni-channel distribution network.

Digital change: the magic solution?

The take up for this is very encouraging and firms have seen a significant improvement in client satisfaction as a result.

Technology has revolutionised banking, placing you in the driver’s seat of your financial life

The bank you choose should meet your needs.

Some of Africa’s largest banks are using a new blockchain-based payments processor

As far as solutions for intra-Africa payments go, Zone Switch is not an entirely novel idea.

Purpose-led brands can help bridge SA’s gaping digital divide

A recent purpose-driven advertising campaign by one of the largest local banks is a good example.

Afreximbank reiterates cross-border payments settlements in local currencies

Besides, the bank also disclosed that it has approved over $26 billion in support of Nigerian public and private sector entities since its inception in 1993.

Africa neobank PaySika to launch in West Africa after closing $350,000 funding

The startup claims to have reached 20,000 pre-registrations at the pre-launch phase, and still targets the underbanked and underserved populations with traditional banking services

What would a Central Bank Digital Currency mean for the retail segment in Mauritius and Africa?

Central banks play a major role in the economy to provide a safe, efficient and inclusive payment system.

Construction Begins on ‘Largest Data Centre in Africa’ Worth $1-Billion

Johannesburg is the data centre hub for sub‐Saharan Africa due to its strategic location, IT ecosystem, fibre connectivity to the rest of Africa and the availability of renewable energy.

Carbon signs with Network International to boost digital payment offering

Under the agreement, Network International will issue and process physical Visa debit cards on behalf of Carbon, enhancing the bank’s offering to customers.

Peach Payments expands into Mauritius

Last year, Peach Payments saw a 400% increase in customer acquisition and revenue growth of 130%.

Fintechs shun stock exchange for $876.5m funding overseas

From 2014 to 2020, for instance, Fintechs raised about $600 million in funding, attracting 25 per cent ($122 million) of the $491.6 million raised by African tech startups in 2019 alone – second only to Kenya, which attracted $149 million. 

Nigerian Open Banking startup Mono raises $15 million

The goal of Open Banking is for traditional banking institutions to give customers more control over their financial data and account information.

Battle of the banks: Capitec vs Standard Bank vs FNB vs Absa vs Nedbank

However, when it comes to customer reach, Capitec claims to have the most retail customers in its ecosystem.

Regulating Fintech space: Promoting innovation or stifling growth?

Fintech has enormous economic potential for Nigeria

Vodacom Officially Launches Its Super App Known As VodaPay

VodaPay also introduces the opportunity to earn multiple rewards from a variety of sources when transacting on the app.

FinTech