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Fintech company, CredoLab set to drive financial inclusion in South Africa

October 1, 2019 • Finance, Southern AfricaComments Off on Fintech company, CredoLab set to drive financial inclusion in South Africa

Credit scoring fintech company, CredoLab announced on Tuesday, 1 October 2019, that it has officially launched in Africa. Starting in South Africa, CredoLab is aiming to drive financial inclusion in emerging economies on the continent by credit scoring more people, especially those who are new to banking or credit. Michel Massain, Sales Director for Europe...

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Liberty launches tax-free investment app

Liberty updates tax-free investment app

September 30, 2019 • Finance, Top StoriesComments Off on Liberty updates tax-free investment app

Liberty has updated their app that enables customers to save and invest. Stash allows users to put away small amounts every day, which adds up over time. The spare change is now invested in South Africa’s biggest companies and will grow with them as...

Chika Nwaogu, CEO of Playfre Africa.

Playfre releases Q1 revenue for distribution platform, SongRoute

September 26, 2019 • Company News, FinanceComments Off on Playfre releases Q1 revenue for distribution platform, SongRoute

Just two weeks after launching in May 2019, Playfre – Africa’s first music streaming platform – amassed a record 100,00 unique streams. The platform – created by Nigerian entrepreneur Chika Nwaogu – has since launched a service called SongRoute....

South Africans to brace for nation-wide 4IR bank strike

South African’s to brace for nation-wide 4IR bank strike

September 25, 2019 • Digital Transformation, Finance, Southern Africa, Top StoriesComments Off on South African’s to brace for nation-wide 4IR bank strike

The South African Society of Bank Officials (SASBO) – which boasts of a whopping 50 000 members, making it the most prominent financial union in the country – is set to undertake a nation-wide strike on Friday, 27 September. The union wants to...

Telecom operator, inwi launches mobile money service

Telecom operator, inwi launches mobile money service

September 25, 2019 • Finance, Mobile and Telecoms, North Africa, Top StoriesComments Off on Telecom operator, inwi launches mobile money service

Moroccan telecoms operator, inwi announced the launch of its mobile money service ‘inwi money’ on Wednesday, 25 September 2019. inwi money is a service that utilises Mobiquity Money, the digital money platform from Comviva. The new service allows...

FinTech Ecosystem in South Africa: Accelerating the Digital Transformation of Banking & Financial Services

FinTech Ecosystem in South Africa: Accelerating the Digital Transformation of Banking & Financial Services

September 25, 2019 • Events, FinanceComments Off on FinTech Ecosystem in South Africa: Accelerating the Digital Transformation of Banking & Financial Services

Africa’s financial services landscape continues its dynamic evolution as the rapid growth of FinTech on the continent drives both the disruption and leapfrogging of legacy systems and further accelerates the digital transformation of financial services....

HSBC fights money laundering with new detection system

HSBC fights money laundering with new detection system

September 25, 2019 • Finance, Top StoriesComments Off on HSBC fights money laundering with new detection system

In an effort to improve financial crime detection, HSBC’s Global Trade and Receivables Finance has introduced an Anti-Money Laundering (AML) surveillance and an automated sanctions checking system that uses big data, advanced analytics and automated...

Fintech startups left vulnerable as digital economy booms in Africa

September 24, 2019 • Finance, SecurityComments Off on Fintech startups left vulnerable as digital economy booms in Africa

In just two years, Africa’s fintech industry has boomed by 60% – this according to Toby Shapshak in an article for Forbes. The fintech ecosystem has grown to 491 from 301 in 2017, with $132.8 million raised in 2018 – proving the sector’s...

Facebook acquires tech-startup to aid in Calibra crypto wallet development

September 23, 2019 • Company News, Finance, Online & Social, Top StoriesComments Off on Facebook acquires tech-startup to aid in Calibra crypto wallet development

In June 2019, Facebook unveiled details behind its long-anticipated cryptocurrency, Libra. The company’s new digital platform is said to allow users to send and spend money at a next-to-nothing fee. While the coin is only going public in 2020, it’s...

UABA successfully initiates Zambia’s first Blockchain Association

September 23, 2019 • East Africa, Finance, GeneralComments Off on UABA successfully initiates Zambia’s first Blockchain Association

The United Africa Blockchain Association (UABA) has officially formed Zambia’s first Blockchain Association. While this took place during a meeting held in Zambia’s capital, Lusaka on Tuesday, 17 September 2019, the official news was only announced a...

FinTech startup on track to reshape mobile banking in Nigeria

FinTech startup on track to reshape mobile banking in Nigeria

September 16, 2019 • Finance, Startups, Top Stories, West AfricaComments Off on FinTech startup on track to reshape mobile banking in Nigeria

Paris-based fintech startup, FairMoney announced on Monday, 16 September 2019, that it has introduced an in-app payment function to its users, which allows them to top up their phone subscriptions, buy mobile data, pay electricity or internet bills. Other...

Ethiopian Airlines expands digital payment methods

Ethiopian Airlines expands digital payment methods

September 16, 2019 • Finance, RetailComments Off on Ethiopian Airlines expands digital payment methods

On Monday, 16 September 2019, Ethiopian Airlines announced that it plans to expand its payment method offerings by partnering with digital commerce and payment solutions platform; CellPoint Digital to introduce WeChat Pay and KNET. In 2018, the Airline first...

Blockchain standards are highly fragmented-Gartner reveals

Blockchain standards are highly fragmented-Gartner reveals

September 16, 2019 • Events, FinanceComments Off on Blockchain standards are highly fragmented-Gartner reveals

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....

KyberSwap Dex launches fiat-to-crypto gateway with Coindirect

KyberSwap Dex launches fiat-to-crypto gateway with Coindirect

September 14, 2019 • FinanceComments Off on KyberSwap Dex launches fiat-to-crypto gateway with Coindirect

A DEX (decentralized exchange) on Ethereum powered by Kyber Network, KyberSwap,  announced the launch of a new fiat-to-crypto gateway through a partnership with Coindirect a digital currency service provider backed by Concentric, MakerDAO and Blockchain.com....

FNB improves access to mobile banking

FNB sees significant growth in mobile banking

September 11, 2019 • Finance, Southern AfricaComments Off on FNB sees significant growth in mobile banking

“The record volumes and value of money sent by consumers using eWallet is a great testament of how simple, convenient and secure the offering is,” says Dr Christoph Nieuwoudt, FNB Consumer CEO, at the announcement of FNB’s record eWallet data....

South African crypto-exchange achieves milestone number of customers

South African crypto-exchange achieves milestone number of customers

September 10, 2019 • Features, Finance, Southern AfricaComments Off on South African crypto-exchange achieves milestone number of customers

“Despite Bitcoin’s volatility, cryptocurrency trades continue to rise,” says Marius Reitz, Luno Africa GM. Reitz’s comment comes shortly after the South African cryptocurrency exchange, Luno announced that it now has three million...