Managers of Wealth Africa

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.

The digital agenda outlook, for wealth managers

Client demands have changed and their digital experience is now a real differentiator between firms

Tiger Global backs African fintech Mono in $15M Series A round – TechCrunch

More than half of the population You do not have a bank account or you do not have a bank account.

Nedbank & Microsoft Launch Free Online Digital Skills Training Platform

The DigiSkills programme aims to upskill economically displaced and underrepresented individuals

Here's how FNB plans to bank the informal economy

The Android Speedpoint devices suggest that FNB has launched a campaign to take on FinTech players such as Yoco and iKhokha

Technology & Innovation: Recent Developments in Africa

The roll-out of 5G is commencing in Nigeria, and is continuing to be rolled out in other countries like South Africa and Kenya.

CR2 Continues to Transform Digital Banking in Africa

The report also showcases CR2’s money transfer solutions that support Africa’s robust remittance market, and self-service banking strategies to facilitate branch transformation to address customers’ needs during the COVID-19 pandemic thr

Africa’s 5 Unicorn Startups – Which Has the Highest Valuation?

The other unicorn is from Senegal, which doesn’t even chart on Statista’s list of top African country’s for VC.