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Data rollover is now free for FNB Connect customers

February 12, 2019 • Finance, Mobile and Telecoms, Online & Social, Top StoriesComments Off on Data rollover is now free for FNB Connect customers

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 in alignment with the...

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Visa launches fintech fast-track program in Africa

February 12, 2019 • East Africa, Finance, Top StoriesComments Off on Visa launches fintech fast-track program in Africa

Visa has just announced it is expanding its fast-track program to support fintechs in the Central and Eastern Europe, Middle East and Africa (CEMEA) region as part of its efforts in developing the next generation of digital payment solutions. Already rolled...

Fintech’s adoption will continue to revolutionise the postal landscape in 2019

February 11, 2019 • Finance, Top StoriesComments Off on Fintech’s adoption will continue to revolutionise the postal landscape in 2019

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...

FirstBank and Azuri to deepen financial inclusion in Nigeria

FirstBank and Azuri to deepen financial inclusion in Nigeria

February 8, 2019 • Finance, Top Stories, West AfricaComments Off on FirstBank and Azuri to deepen financial inclusion in Nigeria

Azuri Technologies, a pay-as-you-go solar technology company, and First Bank of Nigeria Limited announced a partnership that will help deepen financial inclusion in Nigeria. Under the partnership, Azuri’s solar home TV product will be co-branded and...

SONA 2019 highlights economic growth through electronic payments

February 8, 2019 • Finance, Southern Africa, Top StoriesComments Off on SONA 2019 highlights economic growth through electronic payments

Last night’s State of the Nation Address touched on a number of valuable points around the government’s commitment to work together with South African businesses to build a better country for all. Priorities mentioned included the need to accelerate...

The challenges and future of e-commerce in Africa

February 8, 2019 • Finance, Top StoriesComments Off on The challenges and future of e-commerce in Africa

At present, e-business in Africa remains a challenge. It may be better than it ever has been, but the truth is that lower literacy and internet penetration levels continue to limit the growth on the continent. However, this will not remain the status quo for...

FNB named Africa’s most valuable banking brand according to survey

February 6, 2019 • Finance, Southern Africa, Top StoriesComments Off on FNB named Africa’s most valuable banking brand according to survey

First National Bank has taken over the title as Africa’s most valuable banking brand for the second year in a row, according to the latest Brand Finance Africa Annual Survey. The report notes that FNB, at US$1.7 billion, is the most valuable banking brand...

Xpress Money to double mobile wallet operations in Africa

Xpress Money to double mobile wallet operations in Africa

February 5, 2019 • East Africa, Finance, Southern Africa, Top Stories, West AfricaComments Off on Xpress Money to double mobile wallet operations in Africa

Global Money transfer organisation Xpress Money has announced that it witnessed a 37 percent growth in Mobile Wallet Credits to Africa in 2018 and foresees a similar trend in 2019. Xpress Money cashed in on the fact that more than half of the world’s...

10 Things to know about mobile payments in Africa

10 Things to know about mobile payments in Africa

February 4, 2019 • East Africa, Finance, Lists, North Africa, Southern Africa, West AfricaComments Off on 10 Things to know about mobile payments in Africa

The trend of making payments using mobile wallets installed as applications on smartphones which sometimes makes use of Near Field Communication Technology and generally an internet connection is becoming widespread, and indeed Africa is not left out in the...

FNB offers medical, legal and financial advice for consumers

February 4, 2019 • Finance, Southern AfricaComments Off on FNB offers medical, legal and financial advice for consumers

FNB has launched its new Easy Smart Option bank account making it the first bank to combine medical, financial and legal advice as additional value to consumers who earn between R1 000 to R7 000 per month. Dr Christoph Nieuwoudt, FNB Consumer Chief...

LG sales soar in 2018

LG sales soar in 2018

February 2, 2019 • FinanceComments Off on LG sales soar in 2018

LG Electronics has announced record full-year revenues of KRW 61.3 trillion (USD 54.4 billion) in 2018, exceeding sales of 60 trillion for the second year in a row. Full-year profit of KRW 2.70 trillion (USD 2.40 billion) increased nearly 10 percent from...

Applications for DFS Lab's Mojaloop Fintech Hackathon are open

Applications for DFS Lab’s Mojaloop Fintech Hackathon are open

February 1, 2019 • East Africa, FinanceComments Off on Applications for DFS Lab’s Mojaloop Fintech Hackathon are open

  Digital Financial Services Lab (DFS Lab) has announced it is hosting a hackathon in Dar es Salaam, Tanzania, from April 8 to 12. The Hackathon will offer participants an in-depth look at Mojaloop, which is open-source software for financial services...

Standard Chartered expands digital-only retail bank

Standard Chartered expands digital-only retail bank

February 1, 2019 • East Africa, Finance, Top Stories, West AfricaComments Off on Standard Chartered expands digital-only retail bank

Standard Chartered has announced the start of the second phase of its digital-only retail bank across Africa. In response to growing consumer demand for innovative banking services on the continent, the Bank will launch its digital solution in four key...

Yodiwo partnership to transform smart retail sector in Africa

SWIFT to open gpi to e-commerce

January 31, 2019 • FinanceComments Off on SWIFT to open gpi to e-commerce

SWIFT announces a proof of concept (PoC) to trial gpi Link, a gateway to interlink e-commerce and trading platforms with SWIFT gpi – the new standard in cross-border payments. gpi Link will seamlessly connect gpi members to multiple trade platforms thereby...

South African FinTech company offers invoice financing in record time

Major banks new partnership offers innovative payment solutions

January 30, 2019 • FinanceComments Off on Major banks new partnership offers innovative payment solutions

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...

President Paul Kagame,

WATCH: Rwanda strengthens ties with fellow African countries

January 26, 2019 • East Africa, FinanceComments Off on WATCH: Rwanda strengthens ties with fellow African countries

According to Rwandan President, Paul Kagame, there are chances the continent will increasingly become globally relevant and produce better outcomes, now that Africa is focusing on cooperation and integration. Kagame was speaking in Davos, Switzerland at the...