Cassava Fintech International (CFI), a fintech company in Africa, announced on Wednesday, 24 July 2019, the launch of their integrated Social Payments platform.  Sasai will be available to individuals and businesses and offered in partnership with Mobile Network Operators (MNOs). It is said to combine instant messaging, social media and...
Digital money transfer service, WorldRemit, and the National Bank of Kenya (NBK) have launched a partnership to enable Kenyans living abroad to make instant transfers home. WorldRemit users can now make instant bank deposits to NBK accounts held in both Kenyan Shillings and US Dollars, as well as send...
We are living in unprecedented times. COVID-19 has swept throughout the world, and governments globally have taken drastic measures to stop the spread in an attempt to save lives. In February 2020, as African countries watched Asia and Europe begin the implementation of lockdown, a study by Survey54, an automated...
In the 1800s in northern France, weaving machines were brought into textile factories, to perform a task that had been done manually for decades. Workers were not happy, believing the machines would take their jobs and kill their craft. In protest, they destroyed the machines using wooden shoes, or...
Koncart, a platform that empowers developers and technopreneurs to build their financial driven tech idea with ease, has recently been launched into the African Fintech sector. The platform enables Startup's to quickly create and manage virtual wallets and transactions with an in depth analysis to your data by leveraging on...
Customer insights and digital marketing platform, Zapper has partnered with Alipay, a mobile and online payments platform to give active Alipay users from around the world who visit South Africa the opportunity to pay at more Zapper-affiliated merchants with Alipay. To make payment, Alipay users scan a Zapper QR code at...
Angola has a strong relationship with China, which offers diplomatic backing for the state. With that said, Standard Bank has recently launched Chinese internet banking in Angola with hopes of installing to the rest of the continent by 2019. The growing Africa-China trade by building and managing an innovative and effective...
Payments company, DPO Group has announced the rollout of its Southern African payment service providers (PSPs) into the consolidated brand of DPO PayGate. In August 2017, DPO Group announced its acquisition of PayGate South Africa and Virtual Card Services (VCS) South Africa. The deal followed its previous acquisitions of PayThru...
One of the biggest drawcards for cryptocurrency, is that payments are quick, easy and affordable. Transactions can take place across the globe and its multiple time zones with ease, without delays, and with very low fees. In fact, Satoshi Nakamoto, bitcoin’s founder, said: “The cost of mediation increases transaction...
Contactless card, or "tap and go", payments are slowly gaining popularity as more banks and retailers adopt this method of payment. Shoppers with the technology-enabled cards are benefitting from the speed and convenience that contactless payments offer. However, with payment as seamless and simple as tapping your card against...
Tell me if you’ve heard this one before. Somewhere in Africa, savvy entrepreneurs come up with a potentially disruptive solution to a longstanding infrastructural challenge. They found their own FinTech, win an innovation prize or two, and manage to raise enough venture capital to grow into a viable company....
South African cryptocurrency exchange, Luno announced on Wednesday, 23 January 2019 that it has introduced faster and automated withdrawals to its South African customers at no additional charge. This means customers are no longer restricted to daily withdrawal schedules. “Luno customers wanting to withdraw their rands on the Luno platform...
TerraPay, a mobile international payment network, has announced that it has partnered with MoneyTrans, a leading Money Transfer company established in Europe and Africa as well as Paga, Nigeria’s pioneering payments and financial services company, to launch cross-border remittances from Spain to mobile wallets in Nigeria. Nigerians in Spain can...
Barclays Africa Group, will collaborate with nine fintech companies in a bid to explore promising new technology-based solutions that could prompt significant improvements for consumers and in bank services. The fintech companies include Flexpay from Kenya and South African startups, FOMO Group, Byte Money, Howler, Spatialedge and the Sun Exchange. Other...
Job loss is one of the biggest issues related to artificial intelligence (AI), machine learning, neural networks, deep learning, and robots. People routinely fear that companies will automate using these areas of technology to become more efficient, boost profits, and shed the less efficient and error-prone workforce. The counter-argument is...
GetBucks  has appointed  Evans Munyuki as the company’s new Chief Digital and Information Officer.  GetBucks is a subsidiary of Frankfurt-listed FinTech company, MyBucks S.A. Prior to taking up the position, Munyuki was the Head of Digital for Barclays Africa Business Bank. Munyuki has a phenomenal amount of experience in transforming and...
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