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Top 5 factors that differentiate fintech in Africa

June 23, 2016 • East Africa, Finance, North Africa, Southern Africa, Top Stories, West AfricaComments Off on Top 5 factors that differentiate fintech in Africa

Fintech in Africa, as elsewhere in the world, is big business. Investment is flooding into startups providing innovative ways of offering financial services. Startups in the fintech space took on almost 30 per cent of the total funding raised by African tech businesses in 2015. Globally, growth in the sector is huge, with US$19.1 billion invested...

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The youth prefers to bank smart with digital channels

Does South Africa lack FinTech skills?

June 20, 2016 • Finance, Southern Africa, Top StoriesComments Off on Does South Africa lack FinTech skills?

FinTech is a booming industry throughout the African continent, but South Africa is reluctant to take advantage of this opportunity. This is largely due to a lack of skills and training, particularly in financial literacy. Future Talent Academy, a subsidiary...

Safaricom Kenya denies KRA access to taxpayers M-Pesa accounts

June 17, 2016 • East Africa, Finance, Mobile and Telecoms, Top StoriesComments Off on Safaricom Kenya denies KRA access to taxpayers M-Pesa accounts

According to a report published via Business Daily, Kenyan operator Safaricom has rejected the Kenya Revenue Authority’s (KRA) request to gain access to its customers’ mobile money records. This move, according to the report, prevents the KRA from...

Focus on the challenges, not the technology

Using digital evolution as a means to unlock Africa’s economic potential

June 17, 2016 • East Africa, Finance, North Africa, Southern Africa, Top Stories, West AfricaComments Off on Using digital evolution as a means to unlock Africa’s economic potential

Africa’s digital economy is slowly evolving, showing huge potential for the continents transformation towards a cashless society. Whilst the progress has been slow, African countries share some of the world’s highest speeds of digital growth. Electronic...

Mobile money

Mobile money could give Kenyan entrepreneurs a business boost

June 10, 2016 • Finance, Mobile and Telecoms, Top StoriesComments Off on Mobile money could give Kenyan entrepreneurs a business boost

Much has been said and written about how person-to-person mobile money transactions are transforming Kenya’s economy, but the technology also has the potential to help entrepreneurs take their businesses to the next level. That’s according to Dr. Rutendo...

Safaricom

Kenya: Safaricom strikes M-Pesa deal with Carrefour Hypermarket

June 9, 2016 • East Africa, Finance, Mobile and Telecoms, Top StoriesComments Off on Kenya: Safaricom strikes M-Pesa deal with Carrefour Hypermarket

The Carrefour hypermarket chain, located within Kenya, has become one of the first retailers in Kenya to fully integrate Safaricom’s payments service “Lipa Na M-Pesa.” According to Safaricom, customers shopping at Carrefour now have the...

Video Banking

Dealing with the dark side of rapid digitisation in Financial Services

June 8, 2016 • Finance, Security, Top StoriesComments Off on Dealing with the dark side of rapid digitisation in Financial Services

Across the African continent, organisations offering banking, lending, insurance, trading, and payments services are seeing the opportunities for technology to increase levels of financial inclusion, and delight customers with superior experiences. In fact,...

ESET launches mobile security product for Airtel Nigeria

Should the world be following Africa’s mobile banking example?

June 6, 2016 • East Africa, Finance, Mobile and Telecoms, North Africa, Southern Africa, Top Stories, West AfricaComments Off on Should the world be following Africa’s mobile banking example?

Entersekt CEO, Schalk Nolte, looks at how African banks are responding to mobile security threats and points out that the rest of the world should be taking a page out of their book. The growth of mobile banking has surged over the last two years. An...

Ericsson to showcase best performing networks at AfricaCom 2018

Ericsson reveals Emergency Wallet to support humanitarian responses

May 26, 2016 • East Africa, Finance, Mobile and Telecoms, North Africa, Southern Africa, Top Stories, West AfricaComments Off on Ericsson reveals Emergency Wallet to support humanitarian responses

Ericsson has committed to developing Ericsson Emergency Wallet, a mobile financial services solution, for deployment in the immediate aftermath of disaster or crises to support humanitarian organizations and affected populations within Africa as well as...

FinTech must identify the problem if disruption is to be successful

May 20, 2016 • East Africa, Finance, North Africa, Southern Africa, Top Stories, West AfricaComments Off on FinTech must identify the problem if disruption is to be successful

Kevin Johnson Head of Innotribe Innovation Programmes at SWIFT, says Innotribe has learned from its work with the FinTech ecosystem.  “Always start with clearly identifying what problem you are trying to address. If you don’t, you end up with a solution...

The youth prefers to bank smart with digital channels

The rise of African fintech is changing the way Africans transact

May 16, 2016 • East Africa, Finance, North Africa, Southern Africa, Top Stories, West AfricaComments Off on The rise of African fintech is changing the way Africans transact

Fintech is disrupting the way ordinary Africans manage and use money. And these fintech players are standing up to traditional institutions as a force to be reckoned with. Accenture estimates that over one-third of mainstream financial services’ revenue is...

Nigerian Bloggers

Innotribe opens doors for East African fintech startups

March 10, 2016 • Finance, Startups, Top StoriesComments Off on Innotribe opens doors for East African fintech startups

Swift expects even greater innovation and a shift away from mobile technology at the 2016 Innotribe Startup Challenge for Africa. The Challenge, now open for applications, will take place at Swift’s African Regional Conference (ARC) in Mauritius on 17-19...

mobility

Mobile phones provide fast track to financial inclusion in Sub-Saharan Africa

March 7, 2016 • Finance, Mobile and Telecoms, Top StoriesComments Off on Mobile phones provide fast track to financial inclusion in Sub-Saharan Africa

Even as mobile money services become part of daily life for millions in Sub-Saharan Africa, many potential customers face basic barriers to accessing the services on their own mobile phones. Lack of awareness and basic prerequisites, and low appreciation of...

mtn sustainability

MTN Group’s 2015 financial results detailed

March 3, 2016 • Africa By Region, Company News, Finance, Top StoriesComments Off on MTN Group’s 2015 financial results detailed

MTN Group’s 2015 financial results reflect the challenging operating environment the business experienced in the year. Weak macro-economic conditions, increased market competition, heightened regulatory pressures, notably in Nigeria, and operational...

Cape Town based FinTech start-up raises USD 2 Million

February 23, 2016 • Finance, Top StoriesComments Off on Cape Town based FinTech start-up raises USD 2 Million

Digital insurance distributor Hepstar has received USD $2 million in funding from UK-based technology investor Amadeus Capital Partners. With the new funding, the company has revealed that it will build on its momentum by expanding its global reach,...

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

Deloitte Digital acquires fintech agency

January 25, 2016 • Company News, Finance, Top StoriesComments Off on Deloitte Digital acquires fintech agency

Deloitte Digital (Africa) has acquired fintech services business, Jinja Interactive, as part of its strategy to build a fully-integrated digital transformation business, providing digital innovation and customer-centric engagement solutions to its rapidly...