02/02/2023
The likes of Tyme Bank, Discovery Bank, and Bank Zero are opening the eyes of consumers in the region to new types of personalised banking that could be more suited to today’s world.
02/01/2023
It follows a recent report by Discovery Bank in partnership with BCG, the Future of Retail Banking, which found that over 80% of consumers prefer to conduct their day-to-day banking digitally
02/01/2023
The new digital payments platform, which is configurable and customisable, currently processes over four million transactions per day and over $60-billion of digital transactions a year.
01/31/2023
FNB reported a ‘surge’ in contactless payments from smart devices in South Africa in March 2022.
01/31/2023
Receiving international recognition as being one of the Best Places to Work in Africa is a great honour. It is noteworthy that this Award would not have been possible without the support of my colleague Ecobankers.
01/31/2023
South Africa still accounts for the bulk of group and group service revenue, which totalled R30.7 billion and R24 billion for the quarter, respectively – up 4.7% and 3.5% on a normalised basis.
01/30/2023
The CIB’s entry into the Kenyan market in April 2020 was through the acquisition of a 51% stake in Mayfair Bank
01/27/2023
The awards were created to recognize companies of all sizes that are prominent in particular areas of expertise and excellence within the financial community.
01/26/2023
The fight involves Gregory Schmidt, and Monthida Rashi from Laos against three Kenyans Stephen Maina Njenga, Felix Rantu Lekishe and Solomon Joseph Maina.
01/26/2023
The product, called SC Shilingi Fund, was launched mid-February last year and has attracted over 10,000 customers who enrol with at least Sh500 and opt for daily, weekly, monthly or one-off contributions.
01/24/2023
Monetary Policy Rate stood at 16.5 per cent in the period under review.
01/23/2023
These developments, which all come with challenges, require financial institutions to be positioned to always meet the needs of their customers.
01/18/2023
The institute says that its certification program has certified over 2,000 organisations in 121 countries/regions.
01/18/2023
The completion of the proposed transaction was subject to fulfilment or waiver of certain conditions before the Long Stop date as defined in the transaction agreement.
01/18/2023
In a similar approach to TymeBank in South Africa, GoTyme Bank in the Philippines offers next-level digital banking services via kiosks set up in retail outlets belonging to Robinsons Retail Holdings Inc under the Gokongwei Group.
01/17/2023
Safaricom is also still charging for transfers from M-Pesa to banks.
01/16/2023
The rise has come on the back of CBK increasing the benchmark lending rates thrice last year to 8.75 percent on November 23, being the highest since September 2019 when the rate was at nine percent.
01/12/2023
Many lenders are falling behind the technology curve and not fully ready for the transformation
01/11/2023
First National Bank Ghana is part of the FirstRand group, which is the largest listed financial services group in Africa by market capitalization.
01/10/2023
The department is currently waiting for the necessary legislation to make its way through the National Assembly to give the Postbank the necessary basis to take on the role of a state bank.