This week on IT News Africa’s Digital Innovation Podcast, Luis Monzon interviews Peter Neubauer, CEO of Austrian fintech startup Vipaso. Vipaso has recently released its digital payments innovation “Horizon” in many markets across Africa with Vipaso hoping to boost financial inclusion through the solution and choice partners. Around 57% of the...
The world seems to have gone ‘crypto-mad’. Digital currencies like bitcoin, Monero, Ethereum, and even Dogecoin, are all over the internet. Their soaring value promises big wins for investors (if you’re “buying the dip”, that is). And the ‘fortunes’ to be made by mining for virtual money have echoes...
Kenya is reportedly planning to impose double tax on giant tech companies like Amazon, Google, Apple, and Facebook which use the internet to market and sell products. According to Business Daily, the country's Treasury has proposed to increase digital tax service (DST) to three percent of the gross value of...
The distributed ledger system behind blockchain, the technology used to secure cryptocurrencies, ensures that all transactions are validated and, importantly, that an immutable record is kept of these transactions. This is essential for securing a digital currency, but it has many applications beyond this, particularly for organisations that are innovative...
Paysend, a UK-based fintech with over 6.5 million customers, announced on Thursday a technology partnership with Afrimoney, the mobile money service provided by Africell, to enable money transfers to West Africa, specifically in Gambia and Sierra Leone. According to a press release, through the partnership, which is powered by MFS...
Meta reportedly plans to introduce a virtual currency "Zuck Bucks" to its apps to reward content creators and run other financial services like lending. Mark Zuckerberg, founder and CEO of Meta, recently gave up on another digital currency he was working on "Diem" after regulators blocked it. After the recurring...
In this first official episode of IT News Africa's Digital Innovation Podcast, a weekly podcast that looks at hot innovations and digital businesses in the African market, Luis Monzon chats with Kenneth Kayser, Executive Digital Channels and E-Commerce at Telkom South Africa about Africa's booming e-commerce landscape. Kenneth is an...
The digital money market is known for its outrageous instability, with financial backers encountering gains and misfortunes around the same time at times. What causes the cost and unpredictability of digital currencies is an inquiry that numerous financial backers have. A significant number of the components that drive the value...
CFOs and CIOs, collaborating to drive the accelerated digital transformation necessitated by rapid technology advances and COVID-19, now have a smart alternative to traditional financing and management of IT assets that boosts business efficiencies and competitiveness. Rapid technology advances driving the 4IR (Fourth Industrial Revolution), as well as the impact...
Alongside self-fertilizing crops and low-carbon shipping, cryptocurrencies have made the World Economic Forum (WEF) list of top tech trends in 2022 bolstered by research by the Thomson Reuters Foundation that describes it as moving from the ‘fringes of finance to the mainstream’. Perceptions around cryptocurrencies have shifted, with several countries...
South African fintech enablement partner Ukheshe Technologies says that it has started to process payments for Mastercard's Track Instant Pay solution recently launched in the Middle East and Africa region. Mastercard's Track Instant Pay is a next-generation virtual card solution that uses machine learning and straight-through processing to enable instant...
Three of Egypt's largest national banks - Banque Misr, National Bank of Egypt, and Banque du Caire – and Global Ventures, a leading MEA-focused venture capital firm - have announced the launch of Nclude by Global Ventures, a new fund focused on the acceleration of fintech innovation and financial...
Nigeria's United Bank for Africa (UBA), and Cellulant, a leading Pan-African payments company, have announced a partnership that will extend payment services for merchants and consumers across 19 key African countries in which UBA operates. These countries include Nigeria, Ghana, Kenya, Côte d’Ivoire, Zambia, Tanzania, Uganda, the Republic of Benin,...
The Austrian start-up dedicated to mobile payments, Vienna Payment Solutions – vipaso – has launched a new end-to-end independent mobile payment innovation to facilitate mobile money payments in Africa and across the world. Known as Horizon, vipaso’s state-of-the-art system is a complete end-to-end mobile payment solution based on Bluetooth Smart...
Three Nigerian authorities worked jointly with the country's police force to raid several allegedly illegal digital loan businesses operating in Lagos on Friday. According to TechCabal, digital lending platforms GoCash, Okash, EasyCredit, Easi Moni, KashKash, and Speedy Choice were among the busted companies. The operation was led by Federal Competition and...
Technology has transcended race, culture, and class and has become a powerful tool to revolutionize businesses across the African continent. In particular, the rapid penetration of the internet in regions across Africa and the digitization of businesses across the world have been major catalysts in the new technology-driven era, offering...
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