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Rahul Jain and Andreas Demleitner, Peach Payments co-founders.

Peach payment introduces PaySafe an online payment solution for SME’s

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

With many small business owners struggling to collect  invoices efficiently, an online payment system, Peach Payments has introduced Peach PaySafe, an online payment option for all businesses to collect invoice payments. With over R2 million invoice payments processed, PaySafe allows business owners who don’t conduct their business online to use the...

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Nigerians have been warned against investing in digital currencies such as Bitcoin.

Nigerians warned against digital currencies like Bitcoin

January 16, 2017 • Finance, Top Stories, West AfricaComments (0)

Securities and Exchange Commission (SEC) of Nigeria has issued a warning to all Nigerians about the danger of investing their money into cryptocurrencies (digital currencies) such as Bitcoin according to a report in BuzzNigeria. In a statement released by the...

The Mastercard and Zenith bank partnership is focused on

UBA launches first merchant app for MSMEs

January 9, 2017 • Finance, Mobile and Telecoms, Top StoriesComments (0)

United Bank Africa (UBA) has introduced its first merchant-focused app in Africa with the aim of creating a SMART (secure, mobile, accessible, reliable, transparent) network of 100,000 micro merchants and driving financial inclusion. The announcement follows...

The Mastercard and Wari teams met up in Senegal to sign the strategic alliance agreement that will help strengthen the Wari offering for its users and the digital payment ecosystem in 35 African markets.

Wari and Mastercard to deliver smart digital payment solutions

December 21, 2016 • Finance, Online & Social, Top StoriesComments Off on Wari and Mastercard to deliver smart digital payment solutions

Wari and Mastercard have signed a Strategic Alliance Agreement that aims to help strengthen the Wari offering for its users and the digital payment ecosystem in 35 African markets. The two companies reinforced their focus on providing all citizens with...

Shola Akinlade and Ezra Olubi, Paystack Co-founders.

Nigerian fintech startup secures $1.3M investment

December 20, 2016 • Finance, Startups, Top Stories, West AfricaComments Off on Nigerian fintech startup secures $1.3M investment

Fintech startup, Paystack has announced it has closed on Seed Investment of $1.3M from international investors Tencent, Comcast Ventures and Singularity Investments, with participation from Spark, M&S Partners, Tokyo Founders Fund, Blue Rinc Capital, Pave...

The Mastercard and Zenith bank partnership is focused on

Ghana: Mastercard, Zenith partner to strengthen banking system

December 19, 2016 • Finance, Top Stories, West AfricaComments Off on Ghana: Mastercard, Zenith partner to strengthen banking system

Mastercard and Zenith Bank have included Ghana as part of their partnership in West Africa. The agreement is geared towards issuing a suite of digital payment solutions that include prepaid, debit and credit cards which was made available from December 14,...

Just like Bitcoins in 2009, it is currently relatively easy to mine Zcash as it was only launched a few months ago and so far not many Zcash coins have been generated. (image: Shutterstock)

Zcash Fever: Criminals are exploiting PC’s to make profits mining Cryptocurrency

December 14, 2016 • Finance, Security, SoftwareComments Off on Zcash Fever: Criminals are exploiting PC’s to make profits mining Cryptocurrency

At the end of October the new cryptocurrency Zcash was launched. It is positioned by its creators as a more secure alternative to Bitcoin. Soon after the launch, the price of Zcash coins skyrocketed, followed by a spike in the installation of the application...

A new world of consumer choice – powered by on-demand technology – is changing customers’ expectations of the payments experience. (Image Source: blouinnews.com)

Tipping the scales on mobile payments

December 14, 2016 • Finance, Mobile and Telecoms, OpinionComments Off on Tipping the scales on mobile payments

The app economy is here, and it has changed the way that we live. We depend on our smartphone apps for everything from entertainment to photography to messaging to personal productivity to ordering transport or accommodation. And in South Africa, we’re...

Yolande Steyn, Head of Innovation at FNB.

FNB South Africa and Sterling Bank Nigeria win global award

December 13, 2016 • Finance, Mobile and TelecomsComments Off on FNB South Africa and Sterling Bank Nigeria win global award

FNB has won the title of Excellence in Mobile Banking at the Lafferty Global Awards in Cape Town, jointly with Sterling Bank of Nigeria. FNB was recognised for its innovative approach and achievements in integrating mobile technology as one of the preferred...

The service is part of the Bank’s USD 1.5 billion investment in technology announced in 2015. (image: Pixels.com)

Kenya: Standard Chartered Bank introduces Touch Login for smartphones

December 12, 2016 • East Africa, Finance, Mobile and Telecoms, Top StoriesComments Off on Kenya: Standard Chartered Bank introduces Touch Login for smartphones

Kenya’s Standard Chartered Bank has launched the Touch Login feature for smartphones that allows customers to use fingerprint to access their accounts. According to Telecompaper, the portal is available on iPhones, tablets and iPads, making it easy for...

Standard Bank has acquired a majority stake in Firepay, a team’s technology platform which enables payments for several clients, including WeChat and Masterpass.

Standard Bank acquires Firepay, the team behind SnapScan

December 12, 2016 • Finance, Online & Social, Retail, Southern Africa, Top StoriesComments Off on Standard Bank acquires Firepay, the team behind SnapScan

Standard Bank has acquired a majority stake in Firepay – the team behind mobile payments product, SnapScan. Firepay was formed in 2013 to apply new mobile payments technology to build innovative products. In 2014 Firepay, in partnership with Standard...

(l-r): Chief Product and Information Officer, Etisalat Nigeria, Otuyemi Otule;Managing Director and Chief Executive Officer, Wema Bank Plc, Segun Oloketuyi; Chief Executive Officer, Etisalat Nigeria, Matthew Willsher and Head of Retail, Wema Bank PLC, Dotun Ifebogun doing a product demonstration at the unveiling of WemaEasySavers Account by the companies in Lagos on Thursday.

Nigeria: Wema Bank and Etisalat launch account for youth

December 9, 2016 • Finance, Mobile and Telecoms, Top Stories, West AfricaComments Off on Nigeria: Wema Bank and Etisalat launch account for youth

Wema Bank Plc and Etisalat Nigeria have partnered to introduce WemaEasySavers, a Tier-1 savings account aimed to ensure financial inclusion for more Nigerians especially the youth. The newly launched WemaEasySavers is an easy to open and use account designed...

Hyperli enables  local businesses to connect with consumers and grow their sales through daily deals.

South African Hyperli launches new online deal marketplace

December 7, 2016 • Finance, Retail, Southern Africa, Top StoriesComments (3)

Fast on the heels of Groupon’s exit from the South African market, newly formed Hyperli is set to take the online daily deal marketplace by storm. Hyperli has honed its offering and has launched a newly curated online marketplace focused on delivering...

Founders of My Treasury in their office.

Better to own a car or to simply Uber?

December 6, 2016 • Finance, Southern AfricaComments Off on Better to own a car or to simply Uber?

If you are looking for ways to save in 2017, you might want to consider tossing your car and Ubering instead. My Treasury.co.za, which helps South Africans find the savings account with highest interest rates, crunched the numbers to see when it makes...

Fintech

DFS Lab announces $400,000 funding to four FinTech start ups

December 1, 2016 • Finance, Startups, Top StoriesComments Off on DFS Lab announces $400,000 funding to four FinTech start ups

FinTech incubator, Digital Financial Services Lab (DFS Lab), announces the winners of its first bootcamp for entrepreneurs and start-ups. Funded by the Bill and Melinda Gates Foundation, this global initiative brought together 20 of the most promising...

To prevent the loss of money, users should behave safely when they are abroad.

Travelers are ‘easy targets’ for online financial crime when abroad

December 1, 2016 • Finance, Security, Top StoriesComments Off on Travelers are ‘easy targets’ for online financial crime when abroad

As holiday season begins, many are looking forward to spending some much needed time away from home. Others will be on vacations abroad and spending money is inevitable. Travelers need to be wary of online financial operations. According to research from...