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South Africa: iKhokha Wins Award at Mastercard Innovation Forum

October 6, 2016 • Finance, Southern Africa, Top StoriesComments Off on South Africa: iKhokha Wins Award at Mastercard Innovation Forum

South African mobile commerce provider, has won the Innovation Award at the 2016 Mastercard Innovation Forum in Budapest, Hungary. iKhokha was recognised in the Innovation category for extending the acceptance of Masterpass, the digital payments service from Mastercard, into the face-to-face environment in South Africa for the first time. iKhokha joined...

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Barclays Bank of Kenya (BBK) has announced plans to close seven of its branches in Kenya.

UK aims to drive renewable energy investment in Kenya

October 6, 2016 • East Africa, Finance, Mining & Energy, Top StoriesComments Off on UK aims to drive renewable energy investment in Kenya

The British High Commission, in conjunction with Barclays Bank of Kenya  held an event in Nairobi bringing together leading players in the local renewable energy sector with investors from the United Kingdom. The UK-Kenya Renewable Energy Conference (REC...

Raj Makanjee_FNB Premiun CEO

FNB introduces App 5.0 with a range of firsts in Africa

October 6, 2016 • Finance, Mobile and Telecoms, Top StoriesComments Off on FNB introduces App 5.0 with a range of firsts in Africa

First National Bank (FNB) unveiled the FNB Banking App 5.0, the newest version of the App which has a range of digital firsts in Africa. FNB App 5.0 features industry-leading solutions such as FNB Pay, Fingerprint ID, Secure Chat, Smart inContact, 1-touch...

Brendan Mc Aravey, Country Manager at Citrix South Africa

How to get ready for digital transformation in financial services

October 5, 2016 • Finance, Opinion, Top StoriesComments Off on How to get ready for digital transformation in financial services

What is digital transformation? Simply put, it’s leveraging digital business, which Gartner defines to be the creation of new business designs by blurring the digital and physical worlds, to reach goals that could not be reached earlier, faster, or cheaper,...

Mastercard Early Detection System

Mastercard introduces Mastercard Developers

October 5, 2016 • Finance, Software, Top StoriesComments Off on Mastercard introduces Mastercard Developers

Mastercard has accelerated the speed of commerce innovations by introducing Mastercard Developers. This single gateway enables Mastercard partners to access a diverse range of Application Programming Interfaces (APIs) across payments, data and security. The...

Andreas Demleitner and Rahul Jain co-founder of Peach Payments

Peach Payment expends into Nigeria and Kenya

October 5, 2016 • Finance, Startups, Top StoriesComments (1)

Peach Payments is now processing more than R1-billion in transactions per year and expanding into Kenya and Nigeria with plans for other African countries. Peach Payment has recently launched PaySafe, which has already processed transactions worth R1-million,...

From Left Eran Feinstein, Offer Gat and Peter Harvey

DPO group enters merger with PayGate

September 29, 2016 • Finance, Top StoriesComments Off on DPO group enters merger with PayGate

The Direct Pay Online Group, (“DPO Group”) – formerly known as 3G Direct Pay Limited announced that it has merged with PayGate (Pty) Ltd (“PayGate” or “The Company”). This merger follows the recent investment in the DPO Group by Apis Growth...

The banking app aims on teaching children fundamental skill of budgeting and spending money wisely

Standard Bank launches SA’s first banking App for kids

September 28, 2016 • Finance, Mobile and Telecoms, Southern Africa, Top StoriesComments (2)

Standard Bank launched a first-of-its kind smartphone and tablet game-like animated banking app for children. The Standard Bank Kidz Banking App is available initially only to Android users, it is designed primarily for kids between the ages of 6 and 11, and...

Mastercard Early Detection System

Rwanda leaps into the digital economy through e-commerce

September 28, 2016 • East Africa, Finance, Top StoriesComments Off on Rwanda leaps into the digital economy through e-commerce

Mastercard, Bank of Kigali and RwandaOnline announced at the technology company’s Innovation Forum in Budapest, Hungary a partnership to launch Irembo– an online payment solution in Rwanda powered by Mastercard Payment Gateway Services. Aimed at...

Lee Kuyper, financial director at SilverBridge.

African growth boosts SilverBridge annual results

September 28, 2016 • Finance, Top StoriesComments Off on African growth boosts SilverBridge annual results

SilverBridge has reported strong financial results for the year ending 30 June 2016. Its net profit increased by 21 percent to R10.1 million and its cash balance improved to R27 million, up from the R18.2 million of the comparative period last year. This...

Data from the FNB eWallet Solution has shown that  4.2 million new eWallets were created over the last 12 months

Mobile Money a big hit for South Africans

September 27, 2016 • Finance, Southern Africa, Top StoriesComments Off on Mobile Money a big hit for South Africans

South Africans are showing significant appetite for mobile money solutions, this is according to the latest data from FNB eWallet Solutions, which shows that 4.2 million new eWallets were created over the last 12 months, a rate of about 350 000 new eWallets...

(image: stock.xchng)

Plastic money and cash will soon lose popularity : Wendy Pienaar

September 23, 2016 • FinanceComments Off on Plastic money and cash will soon lose popularity : Wendy Pienaar

More consumers are seeking online solutions, with over 460 million financial transactions processed by Standard Bank on mobile devices between July 2015 and July 2016. Of these, 23 million transactions refer to value transactions amounting to R92 billion, a...

mobile money

FinTech in Africa: Driving Much More Than Financial Inclusion

September 23, 2016 • Finance, Opinion, Top StoriesComments Off on FinTech in Africa: Driving Much More Than Financial Inclusion

The rapid transition towards financial inclusion that Sub-Saharan Africa has been seeing in the last decade could not have happened without the successful adoption of mobile money. However, mobile money and financial technologies have brought Africa’s...

Daniel Monehin, division president of Mastercard Sub Saharan Africa

HomeSend, Mastercard aim to transform $3bn remittance industry in Ethiopia

September 23, 2016 • East Africa, Finance, Top StoriesComments Off on HomeSend, Mastercard aim to transform $3bn remittance industry in Ethiopia

HomeSend and the Commercial Bank of Ethiopia (CBE) announced a new remittance service at the US-Africa Business Forum, that will allow more than 100 million Ethiopians to send funds directly to any mobile number in the East African country. Launched in 2014,...

Makuru and EcoCash has invented a easy and quick way of sending money to Zimbabwe (image source: Shutterstock.com)

Mukuru, EcoCash simplifiy money transfers to Zimbabwe

September 22, 2016 • Finance, Mobile and Telecoms, Southern Africa, Top StoriesComments Off on Mukuru, EcoCash simplifiy money transfers to Zimbabwe

Mukuru has partnered with EcoCash, a Zimbabwean mobile money provider, to offer a quick and easy way of sending money to Zimbabwe. The partnership was facilitated and structured by Cassava, a wholly-owned financial technology (FinTech) subsidiary of the...

GetBucks has appointed financial teach leader, Evans Munyuki as the company’s new Chief Digital and Information Officer

GetBucks snaps up former Barclays digital chief

September 21, 2016 • Finance, People, Top StoriesComments Off on GetBucks snaps up former Barclays digital chief

GetBucks  has appointed  Evans Munyuki as the company’s new Chief Digital and Information Officer.  GetBucks is a subsidiary of Frankfurt-listed FinTech company, MyBucks S.A. Prior to taking up the position, Munyuki was the Head of Digital for Barclays...