The global pandemic has ushered in a new paradigm for the Retail Banking sector, one which demands quicker transformation to a customer-centric service that is digitised, personal and convenient. A recent Financial Industries panel discussion held by Kearney, a global consultancy, shed light on how the power of data, Application...
Huawei Mobile Services (HMS) inked a partnership with Mondia Pay – a leading digital payment provider, that is set to provide Ooredoo Algeria and Orange Tunisia users with safe and convenient payment options. Huawei device users can now pay for their monthly services, latest games, and favourite applications seamlessly on...
Sanlam has launched an interactive app that introduces children to the wonder of saving. The company said that its new free, first-of-its-kind app helps children start a journey of financial confidence by teaching them "savvy saving habits." In the app, young users become dragon masters embarking on a fantastical quest. The...
The world continues to look for ways to negotiate the disruptions caused by the COVID-19 pandemic. Millions have lost their livelihoods and individuals and companies still face uncertainty. The world’s largest market, the forex market, has also been affected by the pandemic and seen trading volumes increase up to 2.4-quadrillion. Dany Mawas,...
Ukheshe Technologies, a leading fintech enablement partner, has confirmed the establishment of a new joint venture with ForexPeople, one of South Africa’s most trusted names in forex with over 20 years of experience, to seamlessly facilitate cross border payments from South Africa into the rest of Africa. The service will...
South Africa is one of the countries where the growth, adoption, and use of bitcoin and other cryptocurrencies continue to move at a fast pace. People are looking for how to buy bitcoin now more than ever. However, a lot of crypto traders are facing pressure from the South Africa...
While the world continues to deal with the challenges of the pandemic, it is emerging markets such as Sub-Saharan Africa that have faced the biggest challenges. According to the World Bank, Sub-Saharan Africa has been hit the hardest by the economic impact of COVID-19, with an estimated 23 million people...
AfriCrypt, a South African cryptocurrency investment company, has reportedly defrauded around $3.6-billion in investor funds after the company made claims that its trading systems had been hacked. Investors in AfriCrypt reportedly count amongst South African celebrities and other high profile individuals. In a matter of hours the staggering monetary amount,...
A recent GSMA report reveals that there are 1.2 billion registered global mobile money accounts. 560-million of these registered accounts are in Africa. The GSMA, which represents several mobile network firms, states that "Sub-Saharan Africa has been at the forefront of the mobile money industry for over a decade,...
The advancement of connectivity in light of the digital revolution has radically transformed our lives and brought unprecedented benefits to companies in the way they operate and do business. However, digitalization is a double-edged sword and comes with risks as well, among them cyber exposures. Companies are facing a number...
Data and automation are rapidly changing the lending game in South Africa. The country is seeing the emergence of an agile new class of fintech that uses proprietary data and algorithms to vet loan applications within minutes so that retailers can access working capital they need to grow and...
The use of Contracts for Differences (CFDs) continues to trend among retail traders, given these financial derivatives are ideal when market volatility is elevated and valuations have a directional bias. Understanding what are CFDs and some of the main threads linked to them is not difficult, even when it...
Yellow Card, a leading Africa-focused finance platform for trading cryptocurrencies has finally arrived in Kenya. The company claims it already has offices in 9 African countries, allowing customers from Nigeria, Botswana, Cameroon and South Africa, and others, to buy and sell crypto through its platform. "Yellow Card is a cryptocurrency exchange...
A concerning number of South African companies are not prepared for the inevitability of a cyberattack despite the significant financial and reputational risks, according to Ryan Mer, MD, eftsure Africa, a Know Your Payee (KYP) platform provider. "Too few senior managers view cybersecurity as a business problem and not just...
The COVID-19 pandemic was a major disruptor for the retail sector. Practically overnight, customer buying patterns and behaviours changed, and have continued to shift ever since. This had made it challenging to meet customer expectations effectively. Retailers need to harness the power of location intelligence to help them better...
Driven by the COVID-19 pandemic, contactless payments have become the world's preferred payment method. In addition to being safer from a viral transmission perspective, contactless payments are also faster, and integrating multiple contactless payment methods assists small businesses to better maintain financial liquidity. While choice in payment methods boosts Customer...
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