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Huawei, Xpress Money partner to grow African mobile money footprint

WorldRemit raises $40 million for emerging market expansion

December 7, 2017 • East Africa, Finance, North Africa, Southern Africa, Top Stories, West AfricaComments (0)

Digital money transfer service, WorldRemit, announced on Thursday 7 December 2017 that it has raised $40 million which will be used to drive its next phase of growth, supporting its plan to serve 10 million customers connected to emerging markets by 2020. The Series C funding round brings the total amount raised to $220m. Currently [&hellip...

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8 ways to jump on the Bitcoin train

What is the potential of investing in Cryptocurrencies?

December 7, 2017 • Finance, Sponsored, Top StoriesComments (0)

Cryptocurrency is digital currency managed through cryptography (advanced encryption technique). It is a decentralised currency, which allows functions like transaction processing, currency issuance, and verification across the internet. Cryptocurrencies are...

South African tax collector takes aim at cryptocurrencies like Bitcoin

Are you going to be purchasing Bitcoin?

December 6, 2017 • Finance, General, Online & Social, Top StoriesComments (0)

Many compare the success of Bitcoin as a bubble ready to burst, however, Bitcoin keeps proving them wrong. Will you be buying it soon? The world’s largest cryptocurrency has broken records after it reached $10 000 per Bitcoin for the first time. Bitcoin...

FORUS unveils blockchain powered global digital exchange

FORUS unveils blockchain powered global digital exchange

December 6, 2017 • Finance, Southern Africa, Top StoriesComments (0)

On Wednesday 6 December 2017 at an event hosted at the historic Rand Club in Johannesburg, South Africa, FORUS unveiled its Global Digital Exchange which essentially is a public utility blockchain and ecosystem solution that will aim to provide a single,...

Kenya: Mobile ordering and payment solution launched for small kiosk owners

Kenya: Mobile ordering and payment solution launched for small kiosk owners

December 6, 2017 • East Africa, Finance, Top StoriesComments (0)

Mastercard on Wednesday, 06 November 2017 unveiled Kionect, a digital ordering system that enables small kiosk owners in Nairobi, Kenya to order and pay for products from wholesalers via SMS. Orders submitted via a feature phone help create a digital record...

Stop fraudsters from controlling your Online Banking this festive season

Discussing the future of consumer banking

December 6, 2017 • Big Data, Finance, OpinionComments (0)

The landscape of consumer banking continues to change at a rapid pace, keeping financial institutions on their toes. Working with consumer data and advanced technology can be the lifeline to keeping traditional banks viable and relevant in an increasingly...

Kenya's Direct Pay Online Group buys EFT firm to grow e-payments

Kenya’s Direct Pay Online Group buys EFT firm to grow e-payments

December 6, 2017 • East Africa, Finance, Southern Africa, Top StoriesComments (0)

The Direct Pay Online Group (DPO) has announced the acquisition of Setcom (Pty) Ltd, which operates SID Instant EFT, an instant electronic funds transfer (EFT) solution in South Africa. The deal will complement DPO’s payment solutions across the continent,...

TransUnion introduces Mobile Score Card in Kenya

Equity Bank launches mobile services in Rwanda

December 4, 2017 • East Africa, Finance, Top StoriesComments (0)

Equity Bank has introduced a range of digital solutions in Rwanda. The Eazzy Banking suite of products includes the EazzyBanking app, which is available for both Android and iOS. The app enables customers to open accounts, send money to bank accounts or...

PayU launches new service to advance Nigeria's cashless economy

PayU South Africa sees huge traffic spike from Black Friday

November 30, 2017 • Finance, Retail, Southern Africa, Top StoriesComments Off on PayU South Africa sees huge traffic spike from Black Friday

On Black Friday, 24 November 2017, many of the South African eCommerce companies experienced massive spike in traffic on their various websites. Matching this spike, payment services provider, PayU, facilitated an increase of around 8.5 times the transaction...

Bitcoin surpasses the $10 000 mark

Bitcoin surpasses the $10 000 mark

November 29, 2017 • Finance, Online & Social, Top StoriesComments Off on Bitcoin surpasses the $10 000 mark

On Tuesday 28 November 2017, for the first time since the creation of Bitcoin in 2008, the cryptocurrency surpassed the USD $10 000 mark and it shows no signs of slowing down as it continues to climb towards $11 000. The surge in price comes off the backdrop...

FNB awards R10.5 million to employees at FNB Innovators Awards

FNB awards R10.5 million to employees at FNB Innovators Awards

November 29, 2017 • Events, Finance, Southern Africa, Top StoriesComments Off on FNB awards R10.5 million to employees at FNB Innovators Awards

First National Bank (FNB) has announced that it has awarded over R 10.5 million to its most innovative employees for radically disrupting and introducing game-changing innovations within the financial industry through its FNB Innovators Awards. This adds to...

Banks that are not ready for digital disruption will struggle

Banks that are not ready for digital disruption will struggle

November 29, 2017 • Finance, General, Opinion, Top StoriesComments Off on Banks that are not ready for digital disruption will struggle

The banking industry continues to experience disruption – by new players, new opportunities and new risks – influenced by a number of forces including Application Programming Interfaces (APIs). Although some financial institutions such as Citi are using...

Nigerians warned of cryptocurrency risks

Nigerians warned of cryptocurrency risks

November 29, 2017 • Finance, Online & Social, Top Stories, West AfricaComments Off on Nigerians warned of cryptocurrency risks

Nigerian Deposit Insurance Corporation (NDIC), the country’s financial sector insurance regulator, on Monday 27 November 2017, again warned Nigerians against the risk of trading with digital currencies not issued by the Central Bank of Nigeria (CBN). The...

Are travel agents ready for the new payment security standards?

Are travel agents ready for the new payment security standard?

November 29, 2017 • Finance, Opinion, Security, Southern AfricaComments Off on Are travel agents ready for the new payment security standard?

The International Air Transport Association (IATA) of South Africa has issued an edict that all IATA accredited air ticket distributors – or travel agents – must comply with Payment Card Industry Data Security Standards (PCI DSS) by March 2018....

Djibril Diallo appointed VP Business Development at TransferTo

Djibril Diallo appointed VP Business Development at TransferTo

November 24, 2017 • Finance, People, Top Stories, West AfricaComments Off on Djibril Diallo appointed VP Business Development at TransferTo

TransferTo, a Cross-Border Mobile Payments Network for emerging markets, has announced the appointment of Djibril Diallo as VP Business Development to head operations across West and Central Africa. The move comes as the company looks to ramp up its activity...

Identity ecosystem must learn from banks’ example

Identity ecosystem must learn from banks’ example

November 23, 2017 • Finance, General, Opinion, Southern AfricaComments Off on Identity ecosystem must learn from banks’ example

The recent high-profile identity data breaches in South Africa are symptomatic of the overall chaos the identity ecosystem currently finds itself in. Lacking a cohesive strategy, an interlinked architecture and a comprehensive regulatory framework, most...