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Tanzania: Government seeks to extend mobile money interoperability

Tanzania: Government seeks to extend mobile money interoperability

February 16, 2018 • East Africa, Finance, Top StoriesComments (0)

The Tanzanian government has urged Mobile Money operators, within the country, to register transactions with a central banking infrastructure as authorities seek to extend interoperability to all service providers. The interoperability agreement will enable customers to make payments from the mobile money account of one provider to the mobile money account...

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What is open banking and what does it mean for South Africa?

What is open banking and what does it mean for South Africa?

February 16, 2018 • Finance, Southern Africa, Top StoriesComments (0)

Imagine if you owned your bank data and could decide who you want to share this data with, thereby gaining access to a broad range of products to suit your needs. Matthew Barnard, an executive at software development company BBD, says that this could become a...

The digital revolution and the trending themes in 2018

The digital revolution and the trending themes in 2018

February 15, 2018 • Finance, Southern Africa, Top StoriesComments (0)

The digital revolution is beginning to make real headway in how work is done in corporate South Africa. The current trends suggest that 2018 will start to see policy catch up and in essence, countries such as South Africa will start to come to terms with the...

Ecobank fintech boosts financial inclusion in Africa

Ecobank fintech boosts financial inclusion in Africa

February 14, 2018 • Finance, Top StoriesComments (0)

Fintech is boosting financial inclusion across Africa, according to Ecobank. Although over 80% of Africans have mobile phones, only around one quarter (28%) of them have a bank account. But mobile banking and e-wallets are helping to break the banking logjam,...

Virgin Money launches 3D Secure payment solution.

Virgin Money launches 3D Secure payment solution

February 14, 2018 • Finance, Southern Africa, Top StoriesComments (0)

Virgin Money, a registered financial services provider, wants to change the way friends exchange money, with its peer-to-peer payment application, Virgin Money Spot. Users can download the app, link their Internet-enabled card from any South African bank,...

Ecobank fintech boosts financial inclusion in Africa

South African Reserve Bank’s fintech Programme to asses emerging innovations

February 14, 2018 • Finance, Southern Africa, Top StoriesComments (0)

The South African Reserve Bank (SARB) has established the Financial Technology (fintech) Programme which aims to strategically assess the emergence of fintech in a structured and organised manner and to consider its regulatory implications. The main goal of...

South African fintech startup to curb fraud

South African fintech startup set to curb fraud

February 13, 2018 • Finance, Southern Africa, Startups, Top StoriesComments (0)

As online fraud in South Africa escalates, buying and selling goods using online platforms places both buyers and sellers at risk. TradeSafe, a fintech company that safeguards a buyer’s funds in trust (escrow) until the seller delivers what was...

Zambia: Airtel and Standard Chartered Bank launch mobile money platform

Zambia: Airtel and Standard Chartered Bank launch mobile money platform

February 12, 2018 • East Africa, Finance, Mobile and Telecoms, Online & Social, Top StoriesComments (0)

Airtel Zambia has revealed that it has partnered with Standard Chartered Bank Zambia to launch a new mobile money wallet platform dubbed “Straight2Bank.” This newly launched mobile money wallet will, according to the firm, give its customers the...

Which Is South Africa’s Most Valuable Bank?(Image Credit: FNB).

Which Is South Africa’s Most Valuable Bank?

February 12, 2018 • Features, Finance, Southern Africa, Top StoriesComments (0)

On 1 February 2018, The Banker released its 2018 Top 500 Most Valuable Banking Brands. Which bank tops the South African banking list? According to The Banker’s 2018 ranking of the Top 500 Banking Brands in the world, First National Bank has been named...

Are investment banks ready for blockchain-enabled distributed ledgers?

Are investment banks ready for blockchain-enabled distributed ledgers?

February 12, 2018 • Finance, Opinion, Southern AfricaComments (0)

Two years ago, Accenture published a report on the potential impact of blockchain technology on the investment banking industry. Since then, interest in and funding for this type of financial technology (FinTech) have grown exponentially. An estimated $75...

HApp-e-tax tax app launches in South Africa

HApp-e-tax tax app launches in South Africa

February 9, 2018 • Finance, Southern Africa, Top StoriesComments (0)

A tax app named hApp-e-tax has launched in South Africa. The app will assist accountants, auditors, tax practitioners, lawyers, those in business and students who need to know about South African income tax legislation. It offers the core information related...

Nigeria, Keystone Bank launches new mobile banking app

Nigeria: Keystone Bank launches new mobile banking app

February 8, 2018 • Finance, Mobile and Telecoms, Online & Social, Top Stories, West AfricaComments (0)

On Wednesday 7 February 2018, Nigerian Bank, Keystone Bank, announced the launch of its new mobile banking application which, according to the bank, has many user-friendly features that can be accessed from a mobile phone. The new mobile app has, as stated...

Cashless access to China for Africans through Standard Bank and UnionPay International

Cashless access to China for Africans through Standard Bank and UnionPay International

February 7, 2018 • Finance, Top StoriesComments (0)

On Monday 5 February 2018 Standard Bank and UnionPay International announced that the companies have entered into a partnership which will see the bank accept UnionPay cards in multiple African markets. The companies believe that the dual development is set...

FNB named Africa's leading bank

FNB named Africa’s leading bank

February 7, 2018 • Finance, Southern Africa, Top StoriesComments (0)

On 6 February 2018, First National Bank (FNB) announced that the bank was named Africa’s leading bank in The Banker’s, Top 500 Banking Brands Report 2018. Ranked 141st in the global banking table, with a brand valuation of $1.4bn, FNB grew its brand value...

​Mobile-first: The way forward for financial services sector

​Mobile-first: The way forward for financial services sector

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

The unbundling of banking and transactional functions from traditional financial services providers – driven by increased development of mobile technology, regulatory change, and competition from agile new challenger banks and fintech providers – is...

The tax dilemma around Bitcoin

Can we solve the tax dilemma around Bitcoin?

February 5, 2018 • Finance, Opinion, Top StoriesComments (0)

Although usually behind the global curve, South Africa seems to be keeping pace with the current Bitcoin trend. This is positive, as we are living in an increasingly digital world with it only being a matter of time before currency too, became digital. The...