COVID-19 has propelled the adoption of digital payment platforms for millions of people across the African continent. The need for contactless methods of making transactions, transformed what was once a nice-to-have into a necessity. Indeed, whereas the pandemic has bolstered the adoption of digital payments across industries, demographics and payment...
International cash payments platform Pipit Global and pan-African payments company Cellulant have extended their partnership agreement to now include eighteen countries in Sub-Saharan Africa. The partnership will see the companies providing both B2B and B2C payments services to existing and emergent financial institutions, eCommerce merchants, billers and billing platforms, mobile...
Bboxx, a next-generation utility, is ramping up the promotion of greater financial inclusion in Africa through a series of new initiatives. Among these is a cash loan and affordable financial services pilot aimed at positively transforming lives in Kenya. The pilot has secured access to finance for customers who would...
Nokia in partnership with UN Women has launched a training program for survivors of gender-based violence in South Africa to strengthen their financial independence. The announcement coincides with this year’s United Nations 16 Days of Activism against gender-based violence (GBV). The six-week training program will be conducted by Nokia volunteers...
Mambu, a modern SaaS banking platform, has announced raising €235 million in an EQT Growth-led Series E funding round, the largest financing round to date for a banking software platform. The funding brings the company’s valuation to €4.9 billion post money, making it one of the highest-valued B2B SaaS...
There have been several changes in the economy and structure of African nations over the last year. Several people were obliged to stay at home due to the epidemic, COVID-19, and go primarily cashless. Africa's Fintech came to the rescue, providing Africans with cutting-edge technologies to access the best financial...
Micros South Africa, a leading hospitality and restaurant industry solutions provider has equipped the first two restaurants in the country with its new smart drive-thru point of sale solutions for fast-food outlets. The system goes live at the newly launched Pedros Flame Grilled Chicken outlet in Inanda, Kwa-Zulu Natal, along...
Carry1st, one of Africa’s leading mobile games publishers, today announces it has partnered with online payments pioneers PayPal and Chipper Cash, a cross-border payments company recently valued at $2-billion, to enable people across Africa to easily and securely purchase virtual goods and services online. After these partnerships consumers across Africa...
A stable technical performance along with a more than 30% increase in first-time online shoppers and strong growth in both transaction volume and value, all point to a maturing e-commerce market, says South African payment services provider, DPO South Africa. “This was, without doubt, the most incident-free Black Friday the...
Now more than ever, insider threats pose a serious risk to financial institutions, especially those that have transitioned to alternate work environments to ensure business continuity, warns Fortinet. Fortinet’s 2020 Securing Remote Work Survey revealed that the shift to remote work was putting pressure on security teams and increasing the...
Capitec, one of South Africa's largest digital banks, is expanding its digital offering with the launch of Capitec Pay Me, a new solution enabling its clients to generate a personalised QR code on the bank’s app to receive payments immediately and securely from other Capitec clients. With over 9 million...
According to data released by Standard Bank, utilisation of contactless card payments this year's Black Friday increased by more than 100% compared to in 2020. “It’s great to see that our customers have embraced innovation and have adopted contactless payments to transact seamlessly. This feature is increasingly popular simply because...
MTN Zambia's Mobile Money division and fast food company Hungry Lion Zambia, have announced the launch of a new, landmark, digital payment partnership. New features stemming from this partnership will allow MTN and Hungry Lion customers to make payments in a safe, fast, secure, and convenient environment by approving the...
A home-grown fintech start-up, Float, has brought South Africa’s first interest-free Buy Now, Pay Later (BNPL) product that uses a customer’s existing credit, to market. This novel product enables consumers to get their purchases upfront and use existing credit to pay in up to 24 interest-free, fee-free equal monthly instalments....
South Africans are less likely to own NFTs compared to their global counterparts, according to Finder.com’s Global NFT Adoption report. Finder.com’s survey of more than 28,000 internet users reveals that 8.3% of South Africans own NFTs, which is just below the global average of 11.7%. This puts South Africa at 12th...
It’s now a lot easier and faster for SA’s small businesses to access funding thanks to the influence of fintech. These fintech combine technology and data analytics to provide funding to businesses while also driving financial inclusion. According to the National Credit Regulator, most small businesses do not last more...
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