MENU

Finance
Category

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 Off on Bank of Mozambique, Euronet partner on interbank electronic payment system

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 bank’s legal office, Luisa Navale said that the Euronet system will be used by the Mozambique [&hellip...

Read More
Alternative payment solutions vital for economic inclusion

Alternative payment solutions vital for economic inclusion

December 11, 2018 • Finance, OpinionComments Off on Alternative payment solutions vital for economic inclusion

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 Off on New age consumerism and the consumer power-shift

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 Off on Mastercard partners DPO Group to boost Pan-African merchant payments

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 Off on Liquid Telecom to invest $400m in Egyptian network infrastructure

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 Off on Don’t start the New Year in debt

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

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 Off on Regulatory requirements for crypto assets: the springboard to mainstream adoption

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 Off on South Africa gets digital asset trading platform

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 Off on BankservAfrica reveals Black Friday card sales

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 Off on African countries drive towards integration

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...

Universal Banks pursue large scale digital transformation

December 3, 2018 • Finance, Top StoriesComments Off on Universal Banks pursue large scale digital transformation

South Africa’s banking sector is increasingly moving towards a ‘marketplace without boundaries’, shaped by the fast-approaching entry of new digital players challenging the status quo in the market, and driving unprecedented levels of...

Byron Clatterbuck, CEO of SEACOM

What 2019 has in store for South Africa’s ICT space

December 3, 2018 • Finance, OpinionComments Off on What 2019 has in store for South Africa’s ICT space

South Africa’s 2018 Q2 and Q3 negative economic growth means that the country’s economy is in a technical recession. And while Business Services is one sphere showing growth (of 1.9%, along with Finance and Real Estate), this does not mean that the ICT...

Nedbank’s MobiMoney halfway to 100k users

Nedbank’s MobiMoney halfway to 100k users

December 2, 2018 • Finance, Southern AfricaComments Off on Nedbank’s MobiMoney halfway to 100k users

In less than eight weeks, Nedbank’s new mobile account, MobiMoney, has seen more than 50 000 people sign up in the Soweto, Tembisa, Mamelodi and Soshanguve areas where the solution was piloted. As further testament to the popularity and ease-of-use of the...

FNB launches ‘Tap and Pin’ at ATMs

November 27, 2018 • Finance, Top StoriesComments Off on FNB launches ‘Tap and Pin’ at ATMs

As banking transforms digitally, contactless payments and transactions have been on the rise. A new innovation recently unveiled by FNB is Tap and PIN’ on ATM transactions. The innovation allows consumers to safely tap their contactless card on the...

How will the interest rate hike impact SME owners?

How will the interest rate hike impact SME owners?

November 27, 2018 • FinanceComments Off on How will the interest rate hike impact SME owners?

Despite a strengthening rand and slight recovery of the oil price, the South African Reserve Bank (SARB) announced that the repurchase (repo) rate will increase by 25 basis points to 6.75 percent, effective from 23 November 2018. This increase in interest...