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mobile money, online payment, ecomerce

Tola Mobile to help merchants reconcile transactions in Africa

August 18, 2017 • East Africa, Finance, Online & Social, Top StoriesComments (0)

Tola Mobile has announced advances in its Tola Wallet offering. Tola Wallet connects businesses to previously unbanked customers. The mobile service provider can now reconcile transactions that would previously have been delayed or even potentially lost when outages and downtime occur within the region’s Mobile Network Operators. The service enables...

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TotalSend, Mobile, Payments, SMS, Email, Make Payments over SMS

Make Payments Over SMS With TotalSend

August 18, 2017 • Finance, Mobile and Telecoms, Southern AfricaComments (0)

TotalSend has announced the addition of Push Payments to its product portfolio. The launch of Push Payments, according to the firm, will see TotalSend step into uncharted waters and form a unique category of being able to integrate payments into digital...

African First: UCT Offers Fintech Degree

African First: UCT Offers Fintech Degree

August 18, 2017 • Education, Finance, Top StoriesComments (0)

­­­­­­­­ The University of Cape Town (UCT) is now the first University on the African continent to offer a degree in fintech. The degree is specifically designed to equip students with the necessary skills and knowledge to embrace the technological...

Cloud accounting

Cloud Accounting: Is it the answer to provisional tax chaos?

August 17, 2017 • Cloud Computing, Finance, OpinionComments (0)

It’s not easy running a business that is seasonal, or one that goes through waves of increased activity like an accounting practice. Provisional tax returns (IRP6s) are due this August 2017 and can easily disrupt the day-to-day business of your accounting...

fnb app

Women catching up to men on eWallet usage via FNB App

August 16, 2017 • Finance, Southern Africa, Top StoriesComments (0)

The latest data published by FNB eWallet Solutions has revealed that women are catching up to men when it comes to cashing in on the convenience of sending and receiving money via eWallet on the FNB App. The data shows that in the six months to June 2017 the...

e-Commerce, SMME's

South Africa: e-Commerce to boost economic growth

August 15, 2017 • Finance, Southern Africa, Top StoriesComments (0)

Entrepreneurship and Small, Medium and Micro-sized Enterprises (SMME’s) are the catalyst to achieving economic growth and development in South Africa. This is according to the South African Government which has prioritised their advancement. Kevin Tucker,...

NBK, WorldRemit, mobile money transfers

NBK, WorldRemit partner to offer instant money transfers to Kenya

August 15, 2017 • East Africa, Finance, Online & Social, Top StoriesComments (0)

Digital money transfer service, WorldRemit, and the National Bank of Kenya (NBK) have launched a partnership to enable Kenyans living abroad to make instant transfers home. WorldRemit users can now make instant bank deposits to NBK accounts held in both...

fnb app

The barriers and misconceptions around digital banking channels

August 14, 2017 • Finance, Lists, Online & Social, Top StoriesComments (0)

Although there has been an increase of customers using the FNB Banking App, 33% to be exact, the South African banking giants still feel that there is a clear reluctance, from people who earn less than R300 000 per annum, to take advantage of digital banking...

TerraPay, mobile payments

TerraPay launches international mobile money transfers to Uganda

August 10, 2017 • East Africa, Finance, Online & Social, Top StoriesComments (0)

Mobile payments switch, TerraPay has announced the launch of international mobile money transfers to Uganda. Terrapay received approval from Bank of Uganda to facilitate International money transfers to mobile wallets in the country. This allows...

PayU, Nigeria, Subscription, recurring bills, Fintech

PayU Nigeria introduces new payment solution for recurring bills

August 10, 2017 • Finance, Top Stories, West AfricaComments (0)

PayU Nigeria, a fintech company focused on online payments, announced on Tuesday that the company has introduced PayU Subscription, a convenient payment method which allows merchants to safely and securely collect payments from consumers who have recurring...

Simeon, Africa, Cash vs Card, Opinion

Credit Card vs Cash in Africa – on the verge of convergence.

August 3, 2017 • Finance, OpinionComments Off on Credit Card vs Cash in Africa – on the verge of convergence.

According to a recent study conducted by Mastercard, over 50% of the South African population still transact using cash on a daily basis. This is despite the number of banked adults rising to 77% in 2015. Conversely, financial service providers now look to...

Mobile ID, Gemalto, Opinion, digital security, managing your mobile identity,

How the mobile experience is shaping customer expectation

August 3, 2017 • Finance, Mobile and Telecoms, OpinionComments Off on How the mobile experience is shaping customer expectation

Our lives have become, in many ways, a ‘mobile experience’. We’ve become inseparable from, dependent on and emotionally attached to our devices to the extent that we feel lost without them. Whether for social media, banking, business tasks, buying and...

fintech, Barclays, startups

Barclays Africa Group to Collaborate with Nine Fintech Startups

August 3, 2017 • Finance, Top StoriesComments Off on Barclays Africa Group to Collaborate with Nine Fintech Startups

Barclays Africa Group, will collaborate with nine fintech companies in a bid to explore promising new technology-based solutions that could prompt significant improvements for consumers and in bank services. The fintech companies include Flexpay from Kenya...

UBA, Mastercard, e-commerce

UBA Introduces First Mastercard Debit Card in Mozambique

August 3, 2017 • Finance, Southern Africa, Top StoriesComments Off on UBA Introduces First Mastercard Debit Card in Mozambique

United Bank for Africa Mozambique (UBA) today announced the launch of the first Mastercard debit card in Mozambique. Focused on displacing cash, the electronic payment solution aims to deliver a secure payment alternative for the Mozambicans – instantly. In...

Biometrics, Gemalto, Secure, Convenient, Payments, Interview, Xavier Larduinat,

Interview- “Biometrics to make payments secure and convenient”

August 2, 2017 • Finance, People, Top StoriesComments Off on Interview- “Biometrics to make payments secure and convenient”

Recently IT News Africa caught up with Xavier Larduinat, Head of Banking and Payment Innovation at digital security company Gemalto. Xavier is in charge of promoting Gemalto as a leading digital security company, with customers in over 180 countries. The...

crytocurrency, Bitcoin

New Bitcoin Exchange launched in Kenya

August 1, 2017 • East Africa, Finance, Top StoriesComments Off on New Bitcoin Exchange launched in Kenya

Belfrics Global, a Malaysia based, bitcoin technology provider has launched its Bitcoin Exchange in Kenya to allow traders and Bitcoin users to trade at a much lower cost. The cost of transactions while using Belfrics will be 5 percent. Belfrics Kenya will...