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Standard Chartered Bank voted best consumer digital bank in Kenya

Standard Chartered Bank voted best consumer digital bank in Kenya

August 23, 2019 • East Africa, Finance, Top StoriesComments (0)

Financial journal, Global Finance has named Standard Chartered Bank the Best Consumer Digital Bank in Kenya for 2019. The journal recognised SCB for its information security and fraud management systems under its digital offerings. Commenting on the Award, Standard Chartered Bank Managing Director and CEO Kariuki Ngari says, “[we will] continue to...

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PrimeXBT lowers Forex and Crypto trading fees

PrimeXBT lowers Forex and Crypto trading fees

August 22, 2019 • FinanceComments (0)

Bitcoin-based trading platform, PrimeXBT announced on Wednesday, 22 August 2019, that it has lowered its trading fees. According to the platform, the new fee structure includes a reduction in overnight financing fees on all crypto trading pairs, as well as a...

Apple launches its digital credit card

Apple launches its digital credit card

August 22, 2019 • Finance, Top StoriesComments (0)

A new kind of credit card, created by Apple and not a bank, was officially launched on Wednesday, 21 August 2019. In a statement made by the company, the Apple card has been built on ‘simplicity, transparency and privacy, and designed to help customers lead...

MTN granted permission to bring digital banking to Nigeria

MTN granted permission to bring digital banking to Nigeria

August 20, 2019 • Finance, Mobile and Telecoms, West AfricaComments (0)

South African telecoms provider, MTN announced on Friday, 16 August 2019, that a subsidiary MTN Nigeria Communications PLC has been granted permission to offer financial services by Nigeria’s central bank.  The announcement comes after the Nigerian...

Clayton Hayward, Co-Founder of uKheshe.

Financial inclusion startup, uKheshe, gains seed funding

August 16, 2019 • Finance, StartupsComments (0)

Fintech company uKheshe recently announced the completion of its first seed investment round. uKheshe was initially under incubation as a CSI initiative within Jini.Guru, a software development house. uKheshe has successfully closed independent seed funding...

Country’s largest buy-aid organisation launches payment product on new card and account management platform

August 15, 2019 • Finance, SponsoredComments (0)

A new payment services platform, utilised by two of South Africa’s oldest member organisations, promises to open up the buy-aid market to consumers and retailers alike. Co-Switch, a newly launched closed-loop payments platform, is currently being introduced...

Nigeria's Verve launches globally accepted payment solution

Nigeria’s Verve launches globally accepted payment solution

August 15, 2019 • Features, Finance, West AfricaComments (0)

Nigerian payments technology company, Verve held an event to launch the Verve Global Card on Wednesday, 14 August 2019. The Global Card is said to expand Verve’s existing suite portfolio of payment products and solutions by giving cardholders the...

A catch up with Hello Paisa since the launch of its digital bank

A catch up with Hello Paisa since the launch of its digital bank

August 14, 2019 • Features, Finance, Top StoriesComments (0)

Money remittance and digital banking provider, Hello Paisa launched its digital bank in South Africa in partnership with Sasfin earlier this year. The bank was developed with the aim to help the unbanked population have access to banking solutions. IT News...

Best B2B Solutions Provider revealed at Payments and Cards Summit Awards 2019

Best B2B solutions provider revealed at Payments and Cards Summit Awards 2019

August 12, 2019 • Digital Transformation, Finance, RetailComments Off on Best B2B solutions provider revealed at Payments and Cards Summit Awards 2019

Global payments technology company, FSS has banked four awards at the 7th edition of the Payments and Cards Summit, held in Mumbai. Most notably, the company received ‘Best B2B Payment Solutions Provider’ for the second year in a row. Commenting on the...

MTN releases mid-2019 financial results

MTN releases mid-2019 financial results

August 12, 2019 • Finance, Mobile and Telecoms, Top StoriesComments Off on MTN releases mid-2019 financial results

On Thursday, 8 August 2019, mobile network operator, MTN announced its results for the six months ended 30 June 2019.  The company saw growth of 12 per cent in earnings per share and service revenue grew to just below 10 per cent.  Commenting on the...

TymeBank challenges the status quo of banking in South Africa

TymeBank challenges the status quo of banking in South Africa

August 8, 2019 • Features, Finance, Top StoriesComments Off on TymeBank challenges the status quo of banking in South Africa

TymeBank revealed at the AWS Summit in July 2019 that it has been onboarding over 100 000 customers a month. The fully-licensed digital bank is owned by African Rainbow Capital (ARC), which falls under the Patrice Motsepe’s Ubuntu-Botho Investments...

430,000 users hit by financial malware in first half of 2019, research shows

2019 reports over 430,000 victims to financial malware

August 7, 2019 • Finance, SecurityComments Off on 2019 reports over 430,000 victims to financial malware

  Researchers at cybersecurity company, Kaspersky, have claimed that over 430,000 people making use of cryptocurrencies and web-money services were threatened by malware in the first half of 2019 – seven per cent more than in the same period last year....

DPO Group acquires South African payment processor

DPO Group acquires South African payment processor

August 6, 2019 • East Africa, Finance, Southern AfricaComments Off on DPO Group acquires South African payment processor

DPO Group has announced the acquisition of a South African payment processor, PayFast. The deal by the Nairobi headquartered DPO Group was executed through a mix of shares and cash, with the PayFast management team remaining key shareholders in DPO Group. DPO...

Get paid when selling your Bitcoin

Get paid when selling your Bitcoin

August 5, 2019 • Finance, Southern Africa, SponsoredComments Off on Get paid when selling your Bitcoin

Here in South Africa, the cryptocurrency and blockchain sector is considered to be relatively new. There are many differences faced by crypto enthusiasts and traders when utilising crypto exchanges to trade when compared to the international markets. One...

Updates to simplify Xplan released

Updates to simplify financial services software, Xplan, released

August 4, 2019 • Finance, General, Online & SocialComments Off on Updates to simplify financial services software, Xplan, released

On Friday, 2 August 2019, Financial services software provider, Iress released the first of several planned updates to thousands of Xplan users. The updates are aimed at making Xplan simpler to use and to give users greater access to its functionality. The...

New app allows Zimbabweans in South Africa to send goods

New app allows Zimbabweans in South Africa to send goods

August 3, 2019 • Finance, Southern Africa, Top StoriesComments Off on New app allows Zimbabweans in South Africa to send goods

Hello Paisa has developed an app that will allow Zimbabweans in South Africa to send goods and groceries to their loved ones. Malaicha.com offers users same-day collection and free delivery in Harare, Bulawayo, Mutare, Masvingo and Gweru. After placing an...