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Western Union, TerraPay to expand payout options to mobile wallets across Africa

Western Union, TerraPay to expand payout options to mobile wallets across Africa

December 14, 2018 • East Africa, Finance, North Africa, Southern Africa, Top Stories, West AfricaComments (0)

Western Union cross-border, cross-currency money movement, has announced an alliance with TerraPay to enable mobile wallet and bank account payout. The alliance further expands upon Western Union’s account payout network for sending remittances directly into customers’ mobile wallets across Europe, Africa, Asia and Latin America....

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UPU announces new financial inclusion programme in Africa

December 14, 2018 • Finance, Top StoriesComments (0)

The Universal Postal Union (UPU) has officially rolled out a digital financial services project that is set to reach as many as 800,000 people and businesses across Africa, Asia and the Pacific under its Financial Inclusion Technical Assistance Facility...

Promoting Pan-African growth and development with cryptocurrency

Promoting Pan-African growth and development with cryptocurrency

December 14, 2018 • Finance, GeneralComments (0)

Against the backdrop of numerous national currencies affecting trade and growth on the continent, the AFRO provides a reliable, safe and secure solution suited to Africa’s development challenges First 200,000 Wallets to Receive 50 Free AFROs AFRO...

South African blockchain startup partners with new ticketing app

December 13, 2018 • Finance, Southern Africa, Startups, Top StoriesComments (0)

South Africa’s Tari Labs has announced a new collaboration in efforts to reach out into the ticketing industry. Tari expects to be leveraged by Big Neon, a new company developing a blockchain-enabled platform to modernise the ticketing industry. Big...

Ecobank selects MFS Africa as digital partner

Ecobank selects MFS Africa as digital partner

December 13, 2018 • Finance, West AfricaComments (0)

Ecobank, the Pan-African bank announced the appointment of MFS Africa as Digital payment partner enabling cross-platform payment services for Ecobank account holders. The partnership allows Ecobank customers to send and receive money to and from over 170...

Bank of Mozambique, Euronet partner on interbank electronic payment system

Bank of Mozambique, Euronet partner on interbank electronic payment system

December 13, 2018 • Finance, Southern Africa, Top StoriesComments (0)

Euronet, a US-based provider of electronic payment services, and the Bank of Mozambique have made a deal for the licensing, implementation and maintenance of the computer system for interbank payments. Speaking on the matter, the director of the Central...

Alternative payment solutions vital for economic inclusion

Alternative payment solutions vital for economic inclusion

December 11, 2018 • Finance, OpinionComments (0)

Despite there being more than 19 million online shoppers in South Africa, the recent Black Friday and Cyber Monday stampedes at retail outlets have once again shown the importance of providing people with alternative digital payment options. The chaos at...

New age consumerism and the consumer power-shift

December 11, 2018 • Finance, OpinionComments (0)

Advances in telecommunication technology have transformed the tools used for marketing and consumerism and ultimately, the way that businesses operate. The Statista 2017 Report indicated that the number of smartphone users in the United States is estimated to...

Mastercard partners DPO Group to boost Pan-African merchant payments

Mastercard partners DPO Group to boost Pan-African merchant payments

December 10, 2018 • East Africa, Finance, North Africa, Southern Africa, Top Stories, West AfricaComments (0)

Mastercard and Africa’s payment service provider, DPO Group have announced a collaboration to enable over 40,000 African merchants to accept Mastercard payments, connecting more people and businesses to the global economy. The collaboration will enable DPO...

Liquid Telecom to invest $400m in Egyptian network infrastructure

December 10, 2018 • East Africa, Finance, Top StoriesComments (0)

Telecom Egypt has signed a memorandum of understanding (MoU) worth up to $400 million with the pan-African telecom group Liquid Telecom. The investment was made during a signing ceremony between the two companies on Saturday 8 December at the Africa 2018...

Don’t start the New Year in debt

Don’t start the New Year in debt

December 10, 2018 • FinanceComments (0)

December is a time for relaxing, spending time with family and friends and generally enjoying the festivities of the season. However, accidents happen all too frequently, and it’s not called the silly season for nothing. Even with Medical Aid in place,...

66 percent of sub-Saharan Africans are listed as “unbanked” – World Bank

December 7, 2018 • Finance, Top StoriesComments (0)

Crypto currencies are disrupting the financial services sector but can also present opportunities for financial inclusion and economic stimulus for the poorest. According to research by the world bank, as many as 66% of sub-Saharan Africans are listed as...

Regulatory requirements for crypto assets: the springboard to mainstream adoption

Regulatory requirements for crypto assets: the springboard to mainstream adoption

December 7, 2018 • Finance, OpinionComments (0)

Interest in cryptocurrencies has exploded over the past couple of years. What was once an obscure idea, confined to dark corners of the web, is now a feature of the daily news cycle and looks increasingly likely to disrupt the global financial space. Despite...

South Africa gets digital asset trading platform

South Africa gets digital asset trading platform

December 6, 2018 • Finance, Southern AfricaComments (0)

VALR, a digital asset platform has announced plans to launch a new digital asset trading platform in South Africa, leveraging Bittrex’s technology, to offer customers a trading option. Registrations to be part of a limited-access launch open on...

BankservAfrica reveals Black Friday card sales

BankservAfrica reveals Black Friday card sales

December 6, 2018 • Finance, Retail, Top StoriesComments (0)

According to BankservAfrica, Debit and credit card transactions reached 4.8 million during this year’s Black Friday. This represents a 4% year-on-year growth on 2017’s 4.7 million. BankservAfrica’s figures, which covers all in-store card transactions...

African countries drive towards integration

December 5, 2018 • East Africa, Finance, Top StoriesComments (0)

Participants to the 13th African Economic Conference called for African countries to leverage the full range of their strengths and resources to accelerate the region’s drive towards continental integration. Themed “Regional and Continental Integration...