10/28/2021
New Bank Wire Network Launching to Compete with Swift and RTGS Systems
Knox Wire integrates with nearly all mainstream banking systems, using API, and offers a dedicated development team to assist with integration and maintenance.
FinTech
10/27/2021
Central bank digital currencies could transform global financial system
Banking regulators including central banks, monetary authorities and reserve banks all over the world are currently assessing the potential benefits and drawbacks of introducing a CBDC.
10/27/2021
IPT Africa: shaping the future of African payments with frictionless end-to-end B2B transactions
With the establishment of the African Continental Free Trade Area (AfCFTA) there will be increasing opportunities in the areas of trade and investment, as the global economy emerges from the pandemic.
10/27/2021
How to become a leading, digitally-enabled Wealth Manager
There is a shift in the market to consider flexible modular architecture as opposed to a one size fits all approach.
10/25/2021
South Africa Bank to terminate accounts of clients offering crypto arbitrage services
Shiftly’s co-founder Carel de Villiers told the publication that Standard Bank had previously declined its account opening application as well.
10/25/2021
‘African markets sustain innovation amid liquidity struggles’
As a reflection of the global push towards sustainability, this is the first year that the index has included Environmental, Social and Governance (ESG) indicators.
10/25/2021
Paxful records 57% rise in bitcoin trading
PaxNaija educational centre inaugurated
10/25/2021
Fairmoney Receives Investment Grade Rating from GCR
“The milestones achieved since our incorporation within the digital banking space indicates that the Group is on track to achieving its vision of building the leading Neo-bank in emerging markets,”
10/25/2021
How Africa can ride the growing wave of climate tech investment
Despite this gold rush, however, activity is yet to echo through Africa.
10/25/2021
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.
10/25/2021
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.
10/24/2021
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
10/22/2021
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.
10/21/2021
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.
10/20/2021
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.
10/20/2021
Technology has revolutionised banking, placing you in the driver’s seat of your financial life
The bank you choose should meet your needs.
10/20/2021
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.
10/20/2021
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.
10/20/2021
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.
10/19/2021
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