Djibouti has become the newest member of Africa Finance Corporation (AFC), an international investment grade multilateral finance institution investing in key infrastructure projects across Africa. Mr Ali Guelleh Aboubaker, Minister of Investments in the Office of the President, commented on his country's membership of AFC: "I am delighted to announce...
Two years ago, Australia Post entered into a joint venture with a company to offer local businesses a single platform to access e-commerce products and other services. Post office branches in the UK offer customers access to the majority of all UK current accounts, while in other parts of...
Google has revealed that it is rebranding its mobile money platform, changing the name of Android Pay to Google Pay. This is not the only thing new about the platform, as a part of the update saw a number of new features added such as a new Home and Card...
On Wednesday 6 December 2017 at an event hosted at the historic Rand Club in Johannesburg, South Africa, FORUS unveiled its Global Digital Exchange which essentially is a public utility blockchain and ecosystem solution that will aim to provide a single, global, universal, trusted, user-authentication platform for both mobile...
Uber and Visa have announced a strategic agreement that aims to grow digital commerce across Africa. Under the agreement, Visa will work with its financial institution partners to set up their debit and credit portfolios for eCommerce. The new promotion will now be available in Kenya. As stated by both...
Mastercard has completed its acquisition of mobile payments technology company Oltio from Standard Bank Group. The acquisition builds on Mastercard’s longstanding relationship with Oltio, a startup that pioneered and patented several mobile payments and banking solutions, including an authentication technology. Today, that technology enables consumers to authenticate Masterpass digital...
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," said John Lovelock, research...
Following its investment in new data centres and disaster recovery strategies, BankservAfrica, Africa's automated clearing house and payment system operator, has contracted Veeam Software to modernise its backup and data protection systems. Processing billions of transactions annually for 23 banks and their 27 million customers while maintaining the safety and...
Frost & Sullivan – the Growth Partnership Company which enables its clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership – has been named strategic partner for the upcoming Financial Innovation Summit. On the 28th of October 2015, financial and technology leaders will convene at the Radisson Blu Gautrain Hotel in...
The Africa Investment Forum kicked off on Monday with a media briefing in the South African capital. The event, aimed at attracting multi-billion-dollar deals across the continent, is set to usher in a new era for Africa’s investment landscape. Regional and global investors and institutional investors, private sector leaders, prominent...
Blockchain is undoubtedly one of the hottest topics in the tech industry. When people think of Blockchain their initial thought lean towards cryptocurrencies and fintech; it is however far more than just a new payment system. Blockchain can potentially revolutionise how transactions over the Internet take place altogether. Blockchain uses cryptography...
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 sector – a major partner and supporter...
Tuesday, 18 June 2019, Facebook revealed the white paper for its highly anticipated cryptocurrency, ‘Libra’. As stated in an article by CNN’s Ben Brown, the tech giant claims that the crypto is “built on a secure, scalable and reliable blockchain, backed by a reserve of real assets”. The value...
Orange Business Services and Genesis Analytics have partnered in a bid to prepare financial institutions to launch new digital ecosystem banking services in the Middle East and Africa. The partnership will help these financial institutions address the increasing disruption of innovative mobile payment and digital banking business models with a...
MTN Group and MMI Holdings today announced the launch of a micro insurance joint venture, branded aYo. The joint venture will benefit from the scale, combined expertise and market access of both companies, to provide a strong basis to compete in a changing mobile financial services industry. Insurance penetration is...
Credit cards are all about convenience – in-store, online or overseas. Using credit now and gaining long-term financial benefits may seem like worlds apart. That’s about to change. Professional Provident Society (PPS), the financial services company focused wholly on providing solutions for graduate professionals, teamed up with Standard Bank to...
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