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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 innovative offering, these MobiMoney users have already conducted more than 185 600 transactions...

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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...

This investment is one of the biggest into SA gaming and esports to date.

Smartcall invests R10 mln into SA gaming and esports industry

November 26, 2018 • Finance, Gadgets and Gaming, Southern AfricaComments Off on Smartcall invests R10 mln into SA gaming and esports industry

Prepaid cellular services and products provider, Smartcall, has announced a R10 million investment into Mettlestate in a bid to drive growth within the South African gaming and esports industry. This investment, one of the biggest into SA gaming and esports...

The South African Reserve Bank

Increased repo rate bad news for deeply indebted South African consumers

November 26, 2018 • FinanceComments Off on Increased repo rate bad news for deeply indebted South African consumers

The decision by the South African Reserve Bank to increase the repo rate by 25 basis points is bad news for consumers and is going to add significantly to the debt burden. Coming hot on the heels of a 1% VAT increase and rising inflation – especially in the...

Orange and MTN announce Mowali venture

Orange and MTN announce Mowali venture

November 24, 2018 • Finance, Top StoriesComments Off on Orange and MTN announce Mowali venture

Orange Group and MTN Group, two of Africa’s mobile operators and mobile money providers, have announced a joint venture, Mowali (mobile wallet interoperability), to enable interoperable payments across the continent. Mowali makes it possible to send money...

MFS Africa: Investing in Africa's fintech sector

MFS Africa: Investing in Africa’s fintech sector

November 22, 2018 • Finance, Top StoriesComments Off on MFS Africa: Investing in Africa’s fintech sector

  MFS Africa, a pan-African fintech company connects mobile money systems to each other and to money transfer organisations, banks and other financial institutions, enabling money remittances to and from mobile money accounts. The fintech company enables...

NASCU, Mastercard driving financial inclusion in Zambia

November 20, 2018 • Finance, Southern AfricaComments Off on NASCU, Mastercard driving financial inclusion in Zambia

The National Association of Saving and Credit Unions (NASCU), the apex organisation for all financial cooperatives in Zambia, and global payments technology company Mastercard today announced a landmark agreement to drive financial inclusion by extending...

Nigeria selects Papersoft and Integrated Biometrics as tech partners for national financial inclusion program

Nigeria selects Papersoft and Integrated Biometrics as tech partners for national financial inclusion program

November 19, 2018 • Finance, Sponsored, West AfricaComments Off on Nigeria selects Papersoft and Integrated Biometrics as tech partners for national financial inclusion program

  Papersoft and Integrated Biometrics, in partnership with the Nigerian Interbank Settlement System (NIBSS), are now part of the Financial Inclusion Strategy in Nigeria. This program aims to enroll 70 million unbanked individuals into Nigeria’s formal...

PayFort wins award for ‘Most Innovative Online Payment Service Provider’

PayFort wins award for ‘Most Innovative Online Payment Service Provider’

November 15, 2018 • FinanceComments Off on PayFort wins award for ‘Most Innovative Online Payment Service Provider’

PayFort, an Amazon company, has been recognised as the ‘Most Innovative Online Payment Service Provider’ by the International Finance Awards 2018. This is an awards programme run by International Finance Magazine that identifies finance, financial...

A decade of Bitcoin heralds a certain future

A decade of Bitcoin heralds a certain future

November 15, 2018 • FinanceComments Off on A decade of Bitcoin heralds a certain future

As Bitcoin celebrates a full 10 years since the publication of Satoshi Nakamoto’s white paper, the time is right to consider its lasting impact on the colliding worlds of information technology and finance. When it was launched at Halloween in 2008, Bitcoin...

Fintech to solve financial exclusion in Egypt

November 15, 2018 • Finance, Top StoriesComments Off on Fintech to solve financial exclusion in Egypt

Egypt boasts one of the fastest-growing business markets in Africa. With that said,fintech is set to play a key role in providing basic financial services to the large pool of unbanked people. According to the latest report from Africa’s leading corporate...

Standard Bank launches Chinese internet banking in Angola

Standard Bank launches Chinese internet banking in Angola

November 9, 2018 • Finance, Mobile and Telecoms, Top Stories, West AfricaComments Off on Standard Bank launches Chinese internet banking in Angola

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...

IT Spending in EMEA to total $973 Billion in 2019 – Gartner

November 9, 2018 • FinanceComments Off on IT Spending in EMEA to total $973 Billion in 2019 – Gartner

IT spending in EMEA is projected to total $973 billion in 2019, an increase of 2 per cent from the estimated spending of $954 billion in 2018, according to the latest forecast by Gartner, Inc. “2018 is not a good year for IT spending in EMEA,”...

Deloitte reveals that South Africans are open to use and pay for automated financial advice

Deloitte reveals that South Africans are open to use and pay for automated financial advice

November 8, 2018 • Finance, Southern AfricaComments Off on Deloitte reveals that South Africans are open to use and pay for automated financial advice

As many South African households struggle to “get by” financially and live from pay cheque to pay cheque, they often experience high levels of financial stress. While stress levels are the highest among low-income earners, more than a quarter of...

The South African appetite for crypto keeps growing

The South African appetite for crypto keeps growing

November 8, 2018 • FinanceComments Off on The South African appetite for crypto keeps growing

While much of the recent crypto-related news headlines have focused on the fluctuating Bitcoin price, the interest in Bitcoin in Africa has continued to grow at a rapid pace. Paxful, a leading global cryptocurrency-marketplace, reports that its total number...