Applications have opened for the Barclays Accelerator programme, powered by Techstars, an initiative aimed at uncovering the next M-Pesa or Paypal by working with exceptional fintech entrepreneurs innovating Africa’s financial services industry. This collaboration between Barclays Africa and Techstars offers a game-changing opportunity to 10 qualifying fintech startups, which will...
Deloitte South Africa, in conjunction with iCombine has recently released an insights paper on payments titled “The Regenesis of South Africa Payments - What needs to change?” based on research conducted across global territories where developments and trends appeared the most impactful. The most prominent and South Africa-relevant trends...
Ubank, has shaken up the financial services industry by launching their own mobile and digital payment platform in partnership with WIZZIT International. The implementation of the platform – nicknamed Vulindlela – aims to competitively position Ubank to leapfrog into adjacent markets beyond mining, to boost revenue streams. Customer first “The launch...
After months of speculation, FNB has finally unveiled their soon-to-be-released mobile offering under the FNB Connect. FNB has announced that its customers who use FNB Connect can now benefit from free data rollover and data transfer, in addition to the existing data depletion and out of bundle notifications. The development is...
Botswana Telecommunications Corporation Limited (BTC) has revamped and launched its mobile money service, SMEGA. SMEGA has been revamped to work on Comviva's mobiquity Money platform. The mobiquity Money platform is regarded as one of the world's largest white-labelled mobile money platform. It allows users to carry out financial transactions...
The world of banking and finance is a fascinating but often very complex place. An incredible range of transactions occur in this sphere every day, whether it is a homeowner signing up to a mortgage, a youngster getting their first bank account or even an individual taking their first...
Want to send, or request, money? Add a recipient. Enter an amount. Press send. Boom. It couldn't be easier. Virgin Money has launched a peer-to-peer payment app called Spot. The app lets you transfer funds from your linked bank account to a friend’s linked bank account, but without the fuss...
The Universal Postal Union (UPU) has officially rolled out a digital financial services project that is set to reach as many as 800,000 people and businesses across Africa, Asia and the Pacific under its Financial Inclusion Technical Assistance Facility (FITAF) in 2019. On Thursday, 13 December 2018 UPU Director General...
Tigo Tanzania has partnered with M-Pesa in Kenya, MTN in Rwanda & Uganda and Airtel Rwanda to enable cross-platform capabilities between the respective mobile wallet services - this move should allow customers to send and receive funds from across East Africa. James Barton, Developing Telecoms writer says that "the service...
The COVID-19 pandemic had forced companies and individuals to rapidly adapt to the Fourth Industrial Revolution (4IR) to remedy the unprecedented socioeconomic challenges faced by consumers. A key facet of 4IR is a shift towards digitisation, and the vulnerable communities across the globe find themselves trailing even further behind...
Oracle has extended the artificial intelligence (AI) capabilities within Oracle Enterprise Resource Planning (ERP) Cloud and Oracle Enterprise Performance Management (EPM) Cloud. The latest machine learning-based innovations include an expense reporting assistant, project management digital assistant, advanced financial controls and project-driven supply chain management. "Oracle continues to deliver on the...
PAYFORT and valU have teamed up to offer online shoppers in Egypt another checkout method. The partnership - which was announced on Monday, 24 February 2020 - will give consumers the option to 'buy now, pay later'. According to valU, consumers can access 3-60 months instalment options for online purchases. “We...
In sub-Saharan Africa, the informal retail sector currently makes up a staggering 38% of GDP. For banks and other financial sector players, this is a number that simply cannot be ignored – particularly when one considers that informal merchants continue to face huge barriers to growth. “Chief among these barriers...
United Bank for Africa Mozambique (UBA) today announced the launch of the first Mastercard debit card in Mozambique. Focused on displacing cash, the electronic payment solution aims to deliver a secure payment alternative for the Mozambicans – instantly. In line with the bank’s strategic vision, UBA is introducing innovative payment...
E-Commerce has rapidly grown in the recent years across Africa and the world at large. This is conceivably because of the plentiful positive outcomes it has had on various industries including travel, tourism, and hospitality sectors, with a ripple effect on entire economies especially in developing countries. These include but...
According to the latest 'Worldwide Semiannual IT Spending Guide, annual IT spending in the Middle East and Africa (MEA) is predicted to reach $110.94 billion this year, representing year-on-year growth of 5.1%. The global technology research and advisory services firm expects the market to total $133.56 billion in 2020,...
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