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Virgin Money’s CEO, Andre Hugo

Interview: Virgin Money’s CEO, Andre Hugo – The benefits of going cashless

August 15, 2018 • Features, Finance, Top StoriesComments (0)

Want to send, or request, money? Add a recipient. Enter an amount. Press send. Boom. It couldn’t be easier. Virgin Money has launched a peer-to-peer payment app called Spot. The app lets you transfer funds from your linked bank account to a friend’s linked bank account, but without the fuss of swapping banking details, as [&hellip...

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Safaricom signs direct partnership with WorldRemit for digital money transfers to 28.6 million M-PESA accounts

Safaricom partners with WorldRemit for digital money transfers

August 15, 2018 • East Africa, Finance, Mobile and TelecomsComments (0)

Digital money transfer service WorldRemit has signed a direct partnership with Safaricom to enable instant cross-border money transfers to 28.6 million M-PESA mobile money accounts in Kenya. The direct partnership marks the culmination of years of rapidly...

Mines secures $13M Series A to expand credit platform for emerging markets

Fintech startup secures $13M Series A to expand credit platform for emerging markets

August 13, 2018 • East Africa, Finance, Southern Africa, Startups, Top Stories, West AfricaComments (0)

Mines, a fintech startup re-inventing credit in emerging markets, has closed a Series A round of $13M led by The Rise Fund, a global fund managed by TPG Growth. Also participating are Velocity Capital, Western Technology Investments, First Ally Capital,...

African Banks are using Agent Networks to unlock the potential of Financial Inclusion

African Banks are using Agent Networks to unlock the potential of Financial Inclusion

August 13, 2018 • Finance, Southern Africa, Sponsored, Top StoriesComments (0)

Papersoft is now a technological partner of two of the biggest African banks: Equity Bank Group and Ecobank from Democratic Republic of Congo to help them delivering their financial inclusion services via hyperlocal agents. Banks alongside with technology...

SMEs most financially vulnerable to fraud attacks

SMEs are especially vulnerable to fraud according to certified fraud examiner

August 13, 2018 • Finance, Security, Southern AfricaComments (0)

Fraud affects small businesses much more severely than large corporates, with global research revealing that small and medium enterprises (SMEs) generally lose twice as much money than their corporate counterparts in the event of employee fraud. Discussing...

Standard Bank customers are now able to use Samsung Pay

Standard Bank customers are now able to use Samsung Pay

August 13, 2018 • Finance, Top StoriesComments (0)

Samsung has announced that Standard Bank customers are now able to make use of Samsung Pay. According to Samsung, Standard Bank cards supported during early access are Mastercard credit and cheque cards. Craige Fleischer, Vice President of Integrated Mobility...

Phillips Consulting collaborated with Intellect Design Arena Limited. Picture: MarcoPolis

Phillips Consulting transforms banking in Nigeria with introduction of Intellect Digital Solution

August 11, 2018 • Finance, West AfricaComments (0)

Phillips Consulting Limited (PCL), has transformed the financial technology sector by introducing cutting-edge technology, Intellect Digital Core Banking Solution, to Nigeria. Phillips Consulting collaborated with Intellect Design Arena Limited, a global...

The Opportunity Cryptocurrencies Present In Africa

The Opportunity Cryptocurrencies Present In Africa

August 10, 2018 • Finance, SponsoredComments (0)

As a driving force behind a number of innovations across the world, cryptocurrencies are continuing to make their mark in countries like Africa. As the popularity of cryptocurrencies continues to grow, and with African countries such as South Africa and Kenya...

Africa open for e-business

Africa open for e-business

August 9, 2018 • Finance, Top StoriesComments (0)

Mobile, cross-border and inter-regional online transactions gain ground as advanced fintech systems are rolled out on the continent. Online and mobile payments are taking off in Africa as a combination of improved internet access, advanced financial systems...

People line up to use an ATM at NMB bank in Harare

NMB promotes growth of SMEs

August 9, 2018 • Enterprise, Finance, GeneralComments (0)

NMB Bank has urged small to medium sized businesses to take advantage of the advisory and financial services its Small to Medium Enterprises (SME) Banking Unit offers them to help grow their enterprises. NMB SME Banking Unit head Erasmus Bhunu says the unit,...

UCT launches a new Massive Open Online Course geared towards fintech

UCT launches a new Massive Open Online Course geared towards fintech

August 8, 2018 • Education, Finance, Southern Africa, Top StoriesComments (0)

UCT has launched a Massive Open Online Course (MOOC) examining the rise of fintech companies, the technology that enabled them and the regulation needed in an emerging market environment. The four-week course is being offered on Coursera, an online learning...

More millennials are buying life insurance digitally, according to FNB

More millennials are buying life insurance digitally, according to FNB

August 7, 2018 • Finance, Internet of Things, Southern AfricaComments (0)

FNB Life has seen a significant increase in the number of millennials between the ages of 31 and 33 exclusively taking out life policies on digital channels. Lee Bromfield, CEO of FNB Life, says “Our omni-channel strategy which enables us to service...

Nigeria's mobile payment system, mCash relaunches

Nigeria’s mobile payment system, mCash relaunches

August 6, 2018 • Finance, Mobile and Telecoms, West AfricaComments (0)

The Nigeria Inter-Bank Settlement Systems together with MTN Nigeria, sixteen banks and major mobile telcos have partnered to relaunch mCash. First launched in 2016, mCASH is a mobile payment platform for making low-value retail payments designed to extend...

The first school sponsored by the #BuiltWithBitcoin program is located in Kasebigege Village in Rwanda's Bugesera District.

Bitcoin-funded charity in Africa? Yes, says Paxful

August 6, 2018 • Education, FinanceComments (0)

Paxful, the global crypto-marketplace, launched #BuiltWithBitcoin to encourage the cryptocurrency sector to contribute funds for humanitarian projects. The International non-profit organization, Zam Zam Water, is the implementation partner for the program....

Fintech could fuel Africa's next big growth and jobs explosion

Fintech could fuel Africa’s next big growth and jobs explosion

August 6, 2018 • FinanceComments (0)

The African continent is poised to experience its next big growth phase. While previous growth phases on the continent – which helped birth the ‘Africa Rising’ narrative – were fuelled by the continent’s natural resources and young...

Standard Bank customers are now able to use Samsung Pay

Virtual Card, a new benchmark in the world of digital payments

August 6, 2018 • Finance, Top StoriesComments (0)

Standard Bank, one of Africa’s largest bank by assets, is setting a new standard in digital payments with the launch of Africa’s first virtual card ecosystem. This launch comes in tandem with a partnership with Samsung to support and enable the new...