According to reports by the BBC, Samsung Electronics today reported record quarterly profits of 14 trillion WON ($12bn; £9.3bn) in the three months to June, which is up 72% on a year earlier. The record has been attributed to the surge in global demand for memory chips. According to a report by...
United Bank Africa (UBA) and Mastercard have announced a partnership which will see UBA act as the issuer for MasterCard in 18 new markets in Africa. The partnership, which came into effect in 2016, will see UBA issue Mastercard credit, debit and prepaid cards across these markets. The partnership will...
On Tuesday 10 October 2017, Financial IT Magazine released their 2017 Financial IT Top 50 Digital Banks list. Making it onto the list were two African companies, which included Nigerian Fintech company, Kudimoney, and South African company Bettr Finance. Financial IT Magazine, a voice in global FinTech, AI, Digital Banking and Blockchain,...
The marked increase in activity around the disruption of digital currency and fintech in South Africa is partly due to two factors: firstly, large banking is waking up to the fact that more nimble and versatile finance platforms will soon start eating into their bottom line, and secondly, the...
The 2019 Gartner IT Symposium/Xpo, currently taking place in Cape Town from 16 to 18 September, revealed that lack of interoperability standards will prevent pervasive blockchain deployment across financial services ecosystems for at least three years. “Blockchain standards for financial services companies are currently fragmented and immature,” said Fabio Chesini,...
IT News Africa recently sat down with the CEO and Founder of ProperiProp, Llew Morkel, who looked to demystify the world of Bitcoin by breaking down the facets that contribute to this disruptive technology. ProsperiProp is a fintech startup that makes it possible for people around the world to buy into...
The advancement of connectivity in light of the digital revolution has radically transformed our lives and brought unprecedented benefits to companies in the way they operate and do business. However, digitalization is a double-edged sword and comes with risks as well, among them cyber exposures. Companies are facing a number...
Have we seen the peak of internet banking in South Africa? Although the banks are quite tight-lipped about their usage numbers, I suspect that the number of customers using a desktop computer to do their banking is declining. We know that the majority of logons come from office workers, but...
The transformational opportunities offered by the African Continental Free Trade Area together with the measures needed to unlock them has been the focus for a High-level Ministerial Dialogue convened by the UN Economic Commission for Africa in Addis Ababa (Ethiopia). During the official opening of the 51stConference of Ministers, Dr....
Smartphones are the new hub from which tech-savvy consumers run their financial lives. In the developed world, bank branches are closing at an accelerated rate due to a decline in the use of cash and the huge uptake of digital payment systems. In the UK, the number of physical branches...
According to a report via TelecomPaper, WorldRemit has called for the urgent restoration of money transfers to Nigeria as draconian new rules leave virtually all money transfer operators unable to provide services to the West African country. The report reveals that only three companies – Western Union, MoneyGram and Ria...
EcoCash and Mastercard have announced the launch of EcoCash Scan & Pay, a simple, secure and instant mobile payments solution for consumers and merchants, as part of their efforts to reduce cash usage and increase digital financial inclusion in Zimbabwe. The Scan & Pay payments functionality is available to EcoCash’s...
Tax season in South Africa opened on the 1st July - and to many it is an opportunity to file tax returns for a welcome refund. However, to online scammers it’s a window of opportunity. Sensitive financial data is everywhere: taxes filed online, taxpayers accessing banking and investment information,...
FNB Connect customers will benefit from increased network coverage through the recently announced multi-billion rand roaming agreement reached between Cell C and MTN. This agreement will significantly increase coverage, specifically 3G and 4G coverage across South Africa for our FNB Connect SIMs. As a telco within the financial services industry...
Remitano, a Vietnamese platform that enables international transfers using Bitcoin. Using its current Escrow platform, Remitano users will be able to transfer funds quickly and securely across borders. Nigeria, Kenya and Tanzania are the African countries which will be able to take advantage of the service with more countries expected to be...
SystemSpecs, a Nigerian fintech and provider of Remita, and Paga - the foremost mobile money service providers in the country - have partnered together in the hopes of extending the frontiers of electronic payments in Nigeria, report Vanguard Nigeria. This comes as Nigeria adhere to social distancing, remain at home...
- Advertisement -

Get in touch

9,200FansLike
22,877FollowersFollow
627SubscribersSubscribe

Recent Posts