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Banking in a cashless society will require African solutions for African problems

Banking in a cashless society will require African solutions for African problems

October 17, 2018 • Finance, OpinionComments (0)

African economies are well positioned to benefit from rapidly accelerating technological change if they can harness the current open landscape for innovation. East Africa is already a global leader in mobile payments, while mobile money accounts in sub-Saharan Africa are on an upward charge. Apart from being able to leapfrog the limitations and costs of...

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Mobile operators plan to improve financial literacy in Nigeria

Mobile operators plan to improve financial literacy in Nigeria

October 17, 2018 • Finance, Top Stories, West AfricaComments (0)

Nigeria’s mobile operators have set up the Telecommunications Financial Inclusion Committee and laid out a plan to improve financial literacy in Nigeria. Glo, 9Mobile, Airtel, MTN and Ntel held a meeting in September 4, 2018, where the operators...

Chris Michael, UK-based payments specialist and head of technology at Open Banking Limited UK

New open banking ecosystem could render card payments obsolete

October 17, 2018 • FinanceComments (0)

Those who believe that ‘tap and go’ credit cards are the pinnacle of banking payment solutions are in for a big surprise. Chris Michael, a UK-based payments specialist and head of technology at Open Banking Limited UK, says that developments in open...

Here's what’s driving Kenya’s Fintech sector

Here’s what’s driving Kenya’s Fintech sector

October 16, 2018 • East Africa, Finance, Top StoriesComments (0)

The growth of mobile phone technology is opening access to financial services for in Kenya. Data indicates that most of the Kenyan population relies on financial technology (fintech) companies to access financial services. This represents a previously...

Karri app for school payments expands offering to any organisation needing to collect funds

Karri app for school payments expands offering to any organisation needing to collect funds

October 16, 2018 • Finance, Southern AfricaComments (0)

The Karri app, launched in April last year, has grown to just under 300 South African schools driven by parent and teacher demand for a solution to school payments. Due to the success of this collections platform, Karri has expanded its offering to include...

Lesley Williams, CEO of Tshimologong

IT and the Green economy identified as future-orientated businesses in South Africa

October 12, 2018 • FinanceComments (0)

South African SMEs are estimated to represent 90% of formal businesses, provide employment to about 60% of the labour force and contribute approximately 34% of the country’s GDP. In an effort to further grow this sector and boost a struggling economy,...

Mugg and Bean introduces Samsung Pay as payment option nationwide

Mugg and Bean introduces Samsung Pay as payment option nationwide

October 11, 2018 • Finance, Top StoriesComments (0)

Mugg & Bean (M&B) has announced the launch of Samsung Pay as a payment option in their sit down, and on-the-go restaurants, nationwide. M&B customers that are also users of the recently unveiled Samsung Pay application, may now pay their bill...

Crossgate enters Crossfin fold to take advantage of R1.3 trillion opportunity

Crossgate enters Crossfin fold to take advantage of R1.3 trillion opportunity

October 11, 2018 • Company News, Finance, Top StoriesComments (0)

African fintech holding company Crossfin has announced its acquisition of a majority stake in market-leading payments enablement company Crossgate. This follows the recent announcement of Crossfin’s partnership with Investec to identify early-stage fintech...

Nnamdi Oranye, Fintech Author and International Remittances Lead at Standard Bank Group

Digital innovation is rapidly changing the ‘payment rituals’ of consumers in Africa

October 11, 2018 • Finance, Top StoriesComments (0)

Cash is still king in Africa, but the accessibility and acceptance of new digital payment channels is fast changing the ‘payment rituals’ of consumers across the continent. Nnamdi Oranye, Fintech Author and International Remittances Lead at...

Achieving better patient outcomes with artificial intelligence

EOH exec discusses eliminating human error in finance, planning, production & supply chains

October 11, 2018 • Finance, OpinionComments (0)

In the South African industrial manufacturing and retail industries, businesses are faced with economic pressure and constantly increasing demand. This requires constant innovation and the application of best practice, especially in the effective management...

Ray Youssef, CEO of Paxful.

Paxful looking at cryptocurrency’s potential in East Africa

October 8, 2018 • East Africa, FinanceComments (0)

The need for investing in cryptocurrency is steadily rising in East Africa; specifically Kenya as more and more people are gradually gaining trust/confidence in the use of cryptocurrency. Though cryptocurrency is relatively new and comes with a learning...

Safe online trading in South Africa

Safe online trading in South Africa

October 2, 2018 • Finance, GeneralComments Off on Safe online trading in South Africa

If you are a newbie entering the financial markets of South Africa and you want to start trading online, the first question that would naturally come to your mind is how safe is online trading in South Africa. Scary stories of virus attacks and fear-mongering...

SA fintech launches app to send Bitcoin cash to the contacts on your phone

South African fintech launches app to send Bitcoin cash

October 2, 2018 • Finance, General, Online & Social, Southern Africa, Top StoriesComments Off on South African fintech launches app to send Bitcoin cash

On Tuesday, October 2 Centbee announced the beta launch of a Bitcoin cash wallet that allows users to send Bitcoin cash to friends. The app has been in alpha testing for several months and users confirm its most useful feature is the ability to send Bitcoin...

Securing credit card transactional data is crucial

Securing credit card transactional data is crucial

October 2, 2018 • Finance, Top StoriesComments Off on Securing credit card transactional data is crucial

Ever wondered where every credit card transaction is recorded and stored and how secure that data is, especially after the hardware on which that data is stored reaches end-of-life. If this data is compromised and lands in the wrong hands, it could have...

Meeting the digital expectations of mobile customers in Africa

Hyper-availability: The competitive edge for digital banks

September 29, 2018 • Finance, OpinionComments Off on Hyper-availability: The competitive edge for digital banks

With downtime and unavailability significantly impacting on the reputation of a bank, fintechs are in a prime position to embrace hyper-availability and gain the competitive advantage over the incumbents. We explore the impact it is making in the local...

A new phase in fight against financial crime

A new phase in fight against financial crime

September 29, 2018 • Finance, SecurityComments Off on A new phase in fight against financial crime

To build better customer relationships and increase profits, enterprises must converge their fraud and compliance solutions and remove the siloes that allow sophisticated criminals to take advantage. The fraud industry has evolved in the last ten years —...