MTN Group is proud to announce the launch of Africa's first Mobile Money (MoMo) artificial intelligence service or "chatbot". The chatbot went live in Ivory Coast in May and will be rolled out across MTN's MoMo footprint in the next few months. The artificial intelligence mobile money "assistant" enables customers...
Centenary Bank and Mastercard have today announced a multipronged approach to digitising Uganda’s economy in support of the National Financial Inclusion Strategy. Following the recent signing of a strategic partnership agreement focused on boosting financial inclusion in the East African market, the two companies will further strengthened their partnership by signing a...
Financial literacy remains a barrier for the youth. There is currently no platform that offers financial insights and proactively empowers or educates millennials about personal financial issues such as credit, lending, savings and investments. As a result, an increased number of millennials struggle to meet their financial goals as they...
Nigerian entrepreneur and former Diamond Bank CEO, Uzoma Dozie has launched a digital ecosystem - called Sparkle - that provides financial, lifestyle and business support services to Nigerians across the globe. Sparkle, which has been granted a banking license from the Central Bank of Nigeria (CBN), has been built to...
Virgin Money South Africa, a registered financial services provider, has launched its Online Buying platform, giving consumers more innovative options when sourcing and securing car insurance. Customers now, not only have the option of using a call centre but can also go online and become fully insured in just...
The landscape of consumer banking continues to change at a rapid pace, keeping financial institutions on their toes. Working with consumer data and advanced technology can be the lifeline to keeping traditional banks viable and relevant in an increasingly mobile and digital marketplace. Banks must identify how to use...
It’s not easy running a business that is seasonal, or one that goes through waves of increased activity like an accounting practice. Provisional tax returns (IRP6s) are due this August 2017 and can easily disrupt the day-to-day business of your accounting practice. What’s more, getting the numbers wrong will...
According to a press report published by Forbes Middle East, OPay has garnered a significant amount of support in Egypt. The Nigeria-founded fintech entity is one of Africa's most valuable startups and unquestionably one of Africa's fintech unicorns. It is also considered one of the fastest-growing companies in the Egyptian...
Standard Chartered Bank and Airtel Africa have partnered in an attempt to drive financial inclusion across Africa by providing customers with increased access to mobile financial services. Through the collaboration, Standard Chartered and Airtel Africa will work together to co-create new, innovative products aimed at enhancing the accessibility of financial...
Mastercard has teamed up with FASTA - a digital lending fintech - to launch the FASTACard, South Africa’s first virtual credit card. The FASTACard - backed by Standard Bank and Tutuka - is said to give locals access to instant credit which is loaded onto a secure digital card that...
NuovoPay, a solution pioneering in de-risking device financing for OEMs, telecom carriers and device financing institutions has now joined hands with Angaza, a leading provider of software technology designed specifically for last-mile distribution businesses. Growing Demand for Smartphones The global market for affordable smartphones is steadily expanding, with Africa observing a...
Vodacom in collaboration with Mastercard has launched VodaPay Masterpass, a platform that enables Vodacom customers to load any bank card into a digital wallet downloaded as an app on their smartphone. Vodacom customers can buy prepaid data, airtime and SMS or voice bundles directly through the app. They can also...
In celebration of International Women’s Day, Visa has announced the launch of the first Visa Everywhere Initiative: Women’s Global Edition. The global program invites women entrepreneurs from around the world to tackle FinTech and Social Impact challenges for a chance to win $100,000 in each of the two challenges....
Undeniably, a lot has been said as well as written about mobile money. However, it seems there is still some unfinished business related to the topic of mobile money. This unfinished business explains why there is still an ongoing debate about the effect of mobile money on an economy,...
Customers will be the main beneficiaries of disruption and increased competition in Retail banking due to a potential improvement in value and customer service. This is according to Raj Makanjee, CEO of FNB Retail who is reflecting on the increasingly competitive environment as new entrants enter the market. “Competition is vital...
Despite decades of progress towards achieving equality in the workplace, women remain significantly under-represented in emerging tech. The imbalance between men and women in the technology sector is unlikely to be remedied unless organisations, schools and universities work together to change entrenched perceptions about the tech industry, and educate young...
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