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

IFC, Mastercard Foundation Extend Financial Inclusion for Millions in Africa

May 17, 2018 • East Africa, Finance, North Africa, Southern Africa, West AfricaComments (0)

“Financial inclusion is one of Africa’s great success stories of this decade. Mobile money solutions and agent banking now offer affordable, instant, and reliable transactions, savings, credit, and even insurance opportunities in rural villages and urban neighborhoods where no bank had ever established a branch,” noted IFC’s Chief Executive Officer...

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Dr Abiyi Ahmed the Prime Minister

‘We are all winners with AfCFTA,’ says Ethiopian Prime Minister

May 15, 2018 • East Africa, FinanceComments (0)

The transformational opportunities offered by the African Continental Free Trade Area together with the measures needed to unlock them has been the focus for a High-level Ministerial Dialogue convened by the UN Economic Commission for Africa in Addis Ababa...

Blockchain fraBanking records put on blockchain in Polandud schemes on the rise- Kaspersky Report

Banking records put on blockchain in Poland

May 14, 2018 • Finance, Internet of ThingsComments (0)

The Polish Credit Office (Biuro Informacji Kredytowej – BIK), the largest credit bureau in Central and Eastern Europe, and Billon, the technology company that civilised blockchain, will implement blockchain for storage and secure access to sensitive...

AirtelTigo welcomes Mobile Money interoperability

AirtelTigo welcomes Mobile Money interoperability

May 11, 2018 • Finance, Top Stories, West AfricaComments (0)

AirtelTigo has commended the Bank of Ghana, the Ghana Interbank Payment and Settlement Systems Limited (GhIPSS) and all stakeholders on the implementation of Mobile Money Interoperability. “We welcome this giant step which will help our customers and all...

The deVere Group is advising investors to exercise caution as the market remains volatile.

Cryptocurrencies set for another surge in prices

May 8, 2018 • Finance, Top StoriesComments (0)

Current market activity indicates that cryptocurrencies are set for “another considerable surge in price gains” in the near future, but investors are advised to exercise caution. This forecast from Nigel Green, founder and CEO of the deVere Group – an...

Why banks are using satellite services

Why banks are using satellite services

May 4, 2018 • Finance, Satellite Communications, Top StoriesComments Off on Why banks are using satellite services

Satellite connectivity is commonly considered the last mile solution only for areas where there is little or no coverage of other networks such as fibre or 3G. However, its high reliability and ubiquitous coverage have resulted in the banking sector using...

Mastercard, Unilever launch digital lending platform for startups

Mastercard, Unilever launch digital lending platform for startups

May 3, 2018 • East Africa, Finance, Startups, Top StoriesComments Off on Mastercard, Unilever launch digital lending platform for startups

Mastercard and Unilever have on Wednesday, 02 May 2018 announced that they will expand their strategic partnership to help micro-entrepreneurs in Africa and other regions overcome the cash constraints that limit their ability to buy and sell more products and...

Decrypting blockchain and cryptocurrencies

Decrypting blockchain and cryptocurrencies

April 29, 2018 • Finance, Opinion, Southern AfricaComments Off on Decrypting blockchain and cryptocurrencies

Cryptocurrencies are dominating the media. This one has collapsed, that one is on the rise, and a new one is around the corner. Their flavour isn’t quite as piquant today as it was yesterday thanks to fraud, an upsurge in Initial Coin Offerings (ICO) and...

Building resilience against distributed threats at government level

Cryptocurrency craze leads to new DDoS tactics

April 26, 2018 • Finance, Security, SponsoredComments Off on Cryptocurrency craze leads to new DDoS tactics

As the world of cryptocurrencies continues to grow exponentially, Distributed Denial of Service (DDoS) attackers have a new set of targets, namely the exchanges that power cryptocurrency trades, as well as the computer systems used to ‘mine’...

HPS increases Africa presence with Johannesburg office

HPS increases Africa presence with Johannesburg office

April 24, 2018 • Finance, Southern AfricaComments Off on HPS increases Africa presence with Johannesburg office

HPS, a multinational company and leading provider of electronic payment solutions for financial institutions, card processors, merchant acquirers, independent sales organizations (ISOs), and national and regional switches around the world, has increased its...

Ecobank opens applications for the 2018 Fintech Challenge competition

Ecobank opens applications for the 2018 Fintech Challenge competition

April 24, 2018 • Finance, Startups, Top StoriesComments Off on Ecobank opens applications for the 2018 Fintech Challenge competition

Ecobank is inviting African fintech entrepreneurs to enter its Ecobank Fintech Challenge. Now in its second year, the initiative gives African start-ups the chance to promote their fintech solutions, and potentially to partner Ecobank in rolling-out their...

Telepin Customer Receives GSMA Mobile Money Certification

Telepin customer receives GSMA mobile money certification

April 22, 2018 • East Africa, Finance, Top StoriesComments Off on Telepin customer receives GSMA mobile money certification

Telepin, a  mobile transaction platforms, announced that their customer Tigo Tanzania received the GSMA Mobile Money Certification built on the Telepin mobile money platform. The GSMA Mobile Money Certification defines and promotes excellence in the...

PPS launches web based financial planning platform

PPS launches web based financial planning platform

April 19, 2018 • Finance, Top StoriesComments Off on PPS launches web based financial planning platform

PPS  has announced the launch of PPS Horizon, a web-based tool that gives guided financial planning and advice to investors. The design architecture of this web-based tool is the first of its kind in the country.  It has been designed in particular for use...

Industry leaders define how Fintech is accelerating positive transformation of banking in Africa

Industry leaders define how Fintech is accelerating positive transformation of banking in Africa

April 19, 2018 • East Africa, Events, FinanceComments Off on Industry leaders define how Fintech is accelerating positive transformation of banking in Africa

The FinTech space in Africa is witnessing rapid growth as innovative new financial services players disrupt the traditional modalities of banking across the continent. Finnovation Africa: Kenya 2018, which will be held on the 31st of May 2018 at the Radisson...

Blockchain-Based MicroFinancing for Food Kiosk Owners in Kenya

Blockchain-based microfinancing for food kiosk owners in Kenya

April 19, 2018 • East Africa, Finance, Top StoriesComments Off on Blockchain-based microfinancing for food kiosk owners in Kenya

IBM Research and Twiga Foods, a business-to-business logistics platform for kiosks and food stalls in Africa, announced that they have extended access to microloans to 220 food stall retailers across Kenya using a blockchain-based financing system. Twiga...

Moath Ismail, VP Digital Banking for CISMEA, Gemalto

Secure, convenient payment is key to South Africa’s e-commerce growth

April 19, 2018 • Finance, Opinion, Southern AfricaComments Off on Secure, convenient payment is key to South Africa’s e-commerce growth

While all the research indicates that online commerce is set to grow in South Africa, the speed and extent of that growth will be dependent on several factors, with payment as one of the most crucial. Getting online payments right will play a role both in...