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How to Buy Bitcoins in Africa

March 24, 2017 • Finance, Top StoriesComments (0)

With bitcoin gaining popularity, value and legitimacy around the world, many believe it could change the game in Africa. Two thirds of the population remain ‘unbanked’ and many more are interested in trading speculatively in bitcoin. Regardless of why you have an interest in the cryptocurrency, first you’ll need to get your hands on some. [&hellip...

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Instagram now boasts 1 million advertisers. (Photo by Justin Sullivan/Getty Images)

Instagram hits 1 million active advertisers

March 22, 2017 • Finance, Online & Social, Top StoriesComments (0)

Facebook-owned photo and video app, Instagram has announced that it now has 1 million monthly active advertisers. With over 150 million active users daily the app has vast opportunities for businesses to share information with people. The number of marketers...

From left to right: Kadijah Amoah (Head Investments VP’s office), Sola Okeowo (Mastercard), Omokehinde Adebanjo (Area Business Head West Africa, Mastercard), His Excellency Vice President of Ghana Mr. Mahamudu Bawumia, Paul Tswanya (VP Government Services, Mastercard) and Obi Okwuegbunam (Country Manager for Ghana, Mastercard)

Mastercard to Support Development of Ghana’s Digital Payment Ecosystem

March 22, 2017 • Finance, Top Stories, West AfricaComments (0)

Mastercard, in support of Ghana’s Vision 2020 goals, has committed its support to helping the country to develop a cashless economy, in furtherance of its push to be an economic powerhouse in Africa. This was highlighted during a recent discussion between...

An emerging threat known as Floki Bot targets POS systems with aggressive spear phishing campaigns accompanied by a RIG exploit kit, aiming to scrape credit and debit card details.

As retail payments burst with innovation, new threats emerge

March 22, 2017 • Finance, Online & Social, Retail, SecurityComments (0)

The payments space is one of the most vibrant areas of financial services at the moment, with consumers craving faster, simpler ways to make payments – especially for those regular, low-value transactions that punctuate our daily comings-and-goings. Banks,...

New research from Innotribe examines the inner workings of innovation within financial institutions, revealing the essentials for high performing innovation teams. (Image source: Shutterstock.com)

Secrets to success for innovation in financial services revealed

March 17, 2017 • Finance, GeneralComments (0)

Innotribe has released a new report examining the way innovation teams from the financial services sector are harnessing innovation within their organisations. Based on interviews with 11 innovation leaders, the Innotribe report, “Dynamism in Diversity: The...

Gerhard Oosthuizen,Entersekt CIO.

Four mega-trends shaping mobile payment platforms

March 17, 2017 • Finance, Mobile and Telecoms, OpinionComments (0)

With rapid smartphone penetration in South Africa boosting research and development, it is no surprise that local fintech players are turning their attention towards mobile payment innovation. Mobile payments could be very lucrative in the local market, as...

Biometrics and facial recognition to be used in the registration process.

World First, PayToo to Use Biometrics and Facial Recognition in Sign Up Process

March 16, 2017 • Finance, Mobile and Telecoms, Security, Top StoriesComments (0)

PayToo® Wallet, a mobile banking solution, announced on the 9th of March the exclusive release of PayToo® Assistant, a new digital application that uses facial verification and biometrics to verify customers’ identity, facilitating the PayToo® sign...

The use of dynamic pricing has already been widely implemented by the major online retailers.

The new frontier of pricing intelligence: Predictive & Dynamic

March 15, 2017 • Finance, SponsoredComments (0)

A long time ago, in what in many ways does seem like a different galaxy, you could poke your head into a competitor’s shop down the road and see how your prices stacked up. That day is long behind us. For a while, it even looked that the idea of owning...

Eran Feinstein, the Direct Pay Online (DPO Group) CEO.

East African online payment platform expands to Southern Africa

March 9, 2017 • East Africa, Finance, Online & Social, Southern Africa, Top StoriesComments Off on East African online payment platform expands to Southern Africa

The Direct Pay Online Group, (DPO Group), East African online payment service provider announced today that it is acquiring 100% of the equity in Virtual Card Service (“VCS”) in Botswana and Namibia. This will be closely followed by the acquisition of...

The agreement to launch eKilimo will help drive growth for farmers. (image: Mastercard)

Tanzania’s agri sector digitised with eKilimo mobile solution

March 9, 2017 • East Africa, Finance, Top StoriesComments Off on Tanzania’s agri sector digitised with eKilimo mobile solution

National Microfinance Bank Pic (NMB) has partnered with Mastercard with an aim to ensure the digitization of the agricultural sector in Tanzania with the rollout of eKilimo, a mobile solution developed by the Mastercard Lab for Financial Inclusion. eKilimo,...

Dewald Nolte, SVP Partnership & Alliances of Entersekt.

Why SA banks hold the key to mobile payments

March 8, 2017 • Finance, Online & Social, OpinionComments Off on Why SA banks hold the key to mobile payments

Over the past two years, mobile payment providers have undoubtedly made an impression on the South African market. That said, there is still widespread scepticism and fear associated with these new platforms. As it stands, there is a palpable imbalance...

Mathieu Coquillon and Raphael Grojnowski Mama Money co-founders.

Aggressive African expansion for fintech startup Mama Money

March 7, 2017 • Finance, Startups, Top StoriesComments Off on Aggressive African expansion for fintech startup Mama Money

The South African fintech startup, Mama Money, announced on Tuesday the expansion of its money transfer service into Nigeria, Ghana and Tanzania. The business will expand into Mozambique, Malawi and Kenya by April. It has also earmarked a country outside of...

Gerhard Oosthuizen, Chief Information Officer, Entersekt.

Four mega-trends shaping mobile payment platforms

March 3, 2017 • Finance, Online & Social, OpinionComments Off on Four mega-trends shaping mobile payment platforms

With rapid smartphone penetration in South Africa boosting research and development, it is no surprise that local fintech players are turning their attention towards mobile payment innovation. Mobile payments could be very lucrative in the local market, as...

ANGUS BROWN ,co-founder of eBucks.com and MD of Banking Acumen.

Is it all over for internet banking?

March 3, 2017 • Finance, Online & Social, OpinionComments Off on Is it all over for internet banking?

Have we seen the peak of internet banking in South Africa? Although the banks are quite tight-lipped about their usage numbers, I suspect that the number of customers using a desktop computer to do their banking is declining. We know that the majority of...

Yolande Steyn, Head of Innovation at FNB.

SA votes FNB Digital Banking tops

March 2, 2017 • Finance, Online & Social, Southern Africa, Top StoriesComments Off on SA votes FNB Digital Banking tops

South Africans have rated FNB Digital Channels as the best in the country amongst competitors in the latest South African Customer Satisfaction Index (SACSI) survey results. Yolande Steyn, Head of Innovation at FNB says “We are honoured to receive this...

Mastercard announced a strategic partnership to collaborate on a range of joint initiatives aimed at empowering small and micro businesses in emerging markets.(image: shutterstock)

Mastercard, Unilever partner to empower SME’s in emerging markets

March 2, 2017 • Finance, Top StoriesComments Off on Mastercard, Unilever partner to empower SME’s in emerging markets

Mastercard and Unilever has announced a strategic partnership to collaborate on a range of joint initiatives aimed at empowering small and micro businesses in emerging markets. The companies intend to unlock economic growth and further advance specific...