Managers of Wealth Africa

Mobile Money Won’t Thrive Without Traditional Banks

Competition from telco and fintech companies, as well as the effects of the coronavirus pandemic has brought African banks to a crossroads in regards to digitalization.

Blockchain Technology Can Boost the Nigerian Economy by $29 Billion in a Decade

Previous circulars recently released by the Central Bank and SEC on cryptocurrency also emphasise that blockchain technology remains important to the government and other regulatory bodies.

Partnering with fintechs, retailers and even competitors: How Standard Bank sees the future

Standard Bank acknowledged that fintech players have disrupted the world of banking and said the industry is contending with a range of other new competitors.

Absa Bank Kenya launches WhatsApp banking as part of its digitisation agenda

As Internet and smartphone penetration has improved in Africa, WhatsApp banking has gained traction in countries like Nigeria

Bank of Ghana partners with Giesecke+Devrient to pilot general-purpose Central Bank Digital Currency in Africa

The project will be divided into three phases: design, implementation, and pilot.

Hybrid Cloud: The Catalyst For Increased Financial Inclusion In Africa

The pandemic has accelerated the pace, and we have seen digital transformation initiatives within the sector compressed from years to months.

Fugitive SA crypto techie 'Fluffypony' horsing around with Paris Hilton could halt bail bid

Spagni was taken into custody by US Marshals in Tennessee last month at the request of SA authorities, who want him extradited back home to face fraud charges.

African e-commerce firm Jumia targets tech and user growth

It said total orders jumped 13% to 7.6 million from the same quarter a year earlier, while annual active platform users edged up 3% to 7 million.

Africa's Leading NFT Project to Launch NFT Marketplace with Maiden NFT

According to the details of the project, AFROXNFT Afro x represents a confluence of modern, mystic and ancient African design as illustrated by stellar African Afromysterics and 3D digital artist, Jesse Tomi.

Bank Zero Launches in SA – A Digital-Only Banking Experience

For individual bankers, the company added special features like a patent to prevent card skimming, and a social media-like ability to befriend accounts – a feature that could appeal to stokvels.

Africa: new playground for crypto scams and money laundering

The continent’s crypto market is still comparatively small, but the options for fraudsters and cyber criminals abound.

Is the blockchain a player in renewable ewnergy in Africa?

There is evidence that the pandemic has helped accelerate Africa’s energy transition, although electricity access will need to follow suit.

East Africa’s fintech future

In terms of regulatory progress, fintech in Africa is forward-thinking but there is no uniformity in regulations, said host and Afriwise communications specialist Emma Hooper, speaking at the event.

Airtel Africa sells minority shares in Mobile Money subsidiary

According to him, Africa still has a huge untapped potential in mobile voice, data, and money due to the low penetration levels.

Gulf businesses learnt value of digitising cash transactions during pandemic and it will do them good

Middle East businesses need to speed up digital change at same speed their banks do

Speculative nature of bitcoin means a zero-sum game for investors

Investing in cryptocurrency like Bitcoin is akin to playing the lottery and investors must practice caution when including speculative asset classes in their portfolio.

Unity Bank Unveils New Code on USSD Platform to Combat E-Banking Fraud

As a result, customers are thus able to exercise unlimited control with the new code as the Account Blockade can be initiated from any phone to prevent any unauthorised transaction or access to the Bank Account.

MiVoice app is SA’s first free digital wallet

Aside from the security issues, being unbanked means that you cannot start building a credit history for future borrowing, receive direct deposits, or access safe ways of transferring and saving money.

Ivory Coast fintech Julaya raises $2 million in pre-Serie A round

Julaya’s customers comprise small businesses, major corporations, and government agencies.

BCG launches its BCG Platinion subsidiary in Morocco

“North Africa is a critical element of BCG’s global, digital expansion plan; and ensuring that we have feet on the ground in the region is the first step in our commitment to bringing the latest technologies and solutions to the market.”

FinTech