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Cassava Fintech launches cross border money transfer service

Cassava Fintech launches cross border money transfer service

March 7, 2019 • Finance, Southern Africa, Top StoriesComments Off on Cassava Fintech launches cross border money transfer service

Cassava Fintech South Africa, a member of the Econet Group, has launched an enhanced cross-border money transfer service from South Africa to the rest of Africa. Darlington Mandivenga, Group CEO for Cassava Fintech International, says although the remittances space has a number of players, Cassava is not “just another player”. “We do things...

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Sasfin, Hello Paisa launch digital bank in South Africa

Sasfin, Hello Paisa launch digital bank in South Africa

March 7, 2019 • Finance, Southern AfricaComments Off on Sasfin, Hello Paisa launch digital bank in South Africa

On Wednesday, 06 March 2019, Sasfin announced a partnership with Hello Paisa to offer a digital banking solution. Backed by the banking capabilities of Sasfin, the offering is banking reimagined: a bank designed for everyday individuals who know what matters...

FNB Connect reduces Lifestyle Top Up package price

FNB now offers digital payment with Samsung Pay

March 5, 2019 • FinanceComments Off on FNB now offers digital payment with Samsung Pay

FNB and RMB Private Bank have announced that customers who own a compatible Samsung smart device now have the option to use Samsung Pay to make secure contactless payments at almost any payment terminal in South Africa. Raj Makanjee, FNB Retail CEO, says,...

Mastercard Foundation Fund selects 5 African countries for Rural Prosperity

Mastercard Foundation Fund selects 5 African firms for Rural Prosperity

March 5, 2019 • East Africa, Finance, Southern Africa, West AfricaComments Off on Mastercard Foundation Fund selects 5 African firms for Rural Prosperity

The Mastercard Foundation Fund for Rural Prosperity (FRP) has announced that five companies will receive a total of US$4,438,551 to support its financial inclusion agenda in Africa. The five companies, with projects in Burundi, Ghana, Mali, Tanzania, and...

Ericsson and Orange launch 4G network in Sierra Leone

MTN and Ericsson extend mobile money partnership in Africa

March 4, 2019 • Finance, Mobile and Telecoms, Top StoriesComments Off on MTN and Ericsson extend mobile money partnership in Africa

MTN and Ericsson have signed a five-year contract extension to deploy new products and provide Managed Services for Mobile Money services in 13 countries across Africa and the Middle East. The new contract includes deployment of Ericsson Wallet Platform in...

Visa, Branch collaborate to expand financial access across Sub-Saharan Africa

Visa, PayMate partner to fast-track digitisation of B2B payments in the region

February 27, 2019 • Finance, Top StoriesComments Off on Visa, PayMate partner to fast-track digitisation of B2B payments in the region

Visa and PayMate have announced an expanded collaboration to provide Visa’s issuing financial institution clients in the Central and Eastern Europe, Middle East and Africa (CEMEA) region with access to PayMate’s proprietary payment platform for...

The youth prefers to bank smart with digital channels

The youth prefers to bank smart with digital channels

February 26, 2019 • Finance, Southern Africa, Top StoriesComments Off on The youth prefers to bank smart with digital channels

Statista.com, the global statistical data portal estimates that the number of smartphone users in South Africa will reach 22 million in 2019. This is in line with FNB’s data which indicates an increase in banking via digital channels by young people,...

WFA has announced a new leadership team

2019 Mastercard Digital Payments study highlights payment trends

February 26, 2019 • Finance, RetailComments Off on 2019 Mastercard Digital Payments study highlights payment trends

More than ever, people are living an increasingly digital – and mobile – life and they expect their ability to pay for their needs and wants to match that same “always on” mindset, according to social media conversations identified in the 2019 edition...

Canon reinforces commitment to drive innovation in Kenya

February 25, 2019 • East Africa, FinanceComments Off on Canon reinforces commitment to drive innovation in Kenya

Kenya has once again attracted another multi-national company with the re-entry of Japanese imaging and business solutions brand Canon. Yuichi Ishizuka, President and CEO of Canon Europe Middle East and Africa (EMEA) recently visited Kenya as part of a...

Africa sees growth in crypto ownership-study

Africa sees growth in crypto ownership-study

February 22, 2019 • East Africa, Finance, Southern Africa, West AfricaComments Off on Africa sees growth in crypto ownership-study

Hootsuite’s 2019 Global Digital Report ranked South Africa as the world’s top nation for crypto ownership, with 10.7% of internet users in the country holding a financial interest in cryptocurrency. The global average was only 5.5%. “This is...

FNB Connect reduces Lifestyle Top Up package price

FNB prioritieses debit order fraud

February 22, 2019 • Finance, Security, Top StoriesComments Off on FNB prioritieses debit order fraud

FNB has detected abnormally high volumes and disputes of suspicious debit orders with descriptors Procall and Mzansi in December 2018 and January 2019. In line with its standard practice, the Bank informs customers of new debit orders loaded on their bank...

New venture firm focused on impact fintech

Sasfin’s equity stake in fintech lender Payabill set to enhance SME growth

February 21, 2019 • Company News, FinanceComments Off on Sasfin’s equity stake in fintech lender Payabill set to enhance SME growth

In another major step forward in supporting growth in SMEs, Sasfin has announced that it has acquired a strategic stake in fast-growing fintech lender Payabill. Payabill, a 100% digital lending business, provides working capital and/or trade finance to small...

MCB Group plans to enhance business in Kenya

February 21, 2019 • East Africa, FinanceComments Off on MCB Group plans to enhance business in Kenya

Mauritius Commercial Bank (MCB), in Nairobi has just announced plans to position itself as a strategic partner of businesses in Kenya and East Africa. The Group’s new representative office has been officially opened on January 30 and has given the...

Applications open for DRC Innovation for Financial Services 2019 competition

Applications open for DRC Innovation for Financial Services 2019 competition

February 21, 2019 • Finance, Startups, Top StoriesComments Off on Applications open for DRC Innovation for Financial Services 2019 competition

Financial Sector Deepening Africa (FSD Africa), the Banque Centrale du Congo and Elan RDC have launched DRC – Innovation for Financial Services 2019. This is a competition for local businesses and entrepreneurs that aims to encourage the development of...

#BudgetSpeech2019: Budget spending has to focus on getting our country ready for technology

February 20, 2019 • Finance, Southern Africa, Top StoriesComments Off on #BudgetSpeech2019: Budget spending has to focus on getting our country ready for technology

South African Minister of Finance, Tito Titus Mboweni, delivered the 2019 Budget Speech on Wednesday, 20 February, addressing government expenditure as set out for the year. “As we look to the future, I see the following huge shifts in society and the...

Shoprite Lesotho cross-border remittance product reaches $70 mln

February 20, 2019 • Finance, Southern Africa, Top StoriesComments Off on Shoprite Lesotho cross-border remittance product reaches $70 mln

The Shoprite cross-border money remittance product reached the R1 billion mark in January, roughly 70 million USD, after just three years of it being implemented between SA and Lesotho. The cost of a transfer of R900 is 2%, which is one of the cheapest...