07/06/2021
The success of the new wallet service is made possible by Semoa’s ability to test connectivity, authentication and authorisation of customers’ transactions before the new service went live through Ecobank’s Sandbox.
07/06/2021
The return on equity reflects how profitable a banking institution has been with its shareholder capital, while net-interest margin indicates the difference between what the bank is paying for its funding and what it makes from the loans that are granted
07/06/2021
With bitcoin selloff intensifying on May 19, culminating in a $1.2tn decline for the entire cryptocurrency market.
07/05/2021
While card penetration in Africa lags behind the rest of the world, this too is showing growth.
07/05/2021
TeamApt has in less than two years, rapidly scaled its agent banking product, Moniepoint, to serve the 29 million previously underserved individuals who had limited access to financial services.
07/02/2021
TeamApt bootstrapped with revenue made on a per-project basis.
07/02/2021
It has become evident to us that there are two firms across industries – ones that have been hacked and those that are going to be hacked.
06/30/2021
The brothers are still at large, but one, Raees Cajee, told Dow Jones on Monday only about $5 million (R71 million) was missing
06/30/2021
Extreme volatility often has a negative connotation because many investors associate volatility with market chaos, uncertainty, and loss.
06/30/2021
A quick snapshot of banking and payment trends in Africa offers encouraging news for banks on the continent and opportunities for growth
06/30/2021
It also rated Access Bank, the United Bank for Africa, Guaranty Trust Bank, Zenith Bank, and Stanbic IBTC Bank as stocks to buy.
06/29/2021
South African brothers deny role in $3.6bn Bitcoin ‘heist’
As regulator raises red flag on ‘Ponzi-like’ tactics used by their firm
06/29/2021
Blockchain and Crypto Will Play a Big Role in Financial Inclusion in Africa
These numbers are likely to keep rising, and show an interesting trend as well, in that while cryptocurrencies are largely used by companies and financial traders elsewhere in the world, they are being primarily used for commerce in Africa.
06/29/2021
SA Bitcoin brother: 'Only' R71 million is missing
The statement on Monday from the lawyers came just two days after their first public defence of the brothers who'd been accused of vanishing along with an estimated $3.6 billion (R51 billion) in Bitcoin from their Africrypt investment platform.
06/29/2021
GrEEn Project partners with Fidelity Bank and Viamo to improve access to financial services
For Ghanaians living in remote areas, limited digital and financial literacy have hindered access to such services.
06/29/2021
AFF panel: Digital IDs to boost financial inclusion in Africa
Tom started the discussion by noting the four key attributes that make up a Digital ID – that it is verified and authenticated; unique; established with individual consent; and ensures user privacy and control over personal data.
06/28/2021
Bitcoin Daily: Nigerian School To Take Crypto For Fee Payments; JPMorgan Bearish On Bitcoin
The report finds that the school, the New Oxford Science Academy Chiranchi, took on crypto payments as a way to make it easier on the payment of school fees.
06/28/2021
Trail of SA brothers linked to missing Bitcoin stash is still murky
A "To Let" sign could be spotted Saturday, fastened to a glass door of vacant office premises in Johannesburg’s upmarket Rosebank business hub that were listed in Africrypt’s communication with clients.
06/28/2021
Scammers Create Bitcoins Wallet And Disappear $3.6 Billion From South African Investors
At that time, when its users started complaining and suspicions were raised, the brothers called for calm and asserted that the reason behind it all was that the company was the victim of a hack.
06/27/2021
Tanzania’s Central Bank Working on Reversing Crypto Ban, Following President’s Directive
The Bank of Tanzania prohibited the use of cryptocurrency assets in the country back in November 2019, saying that they were illegal.