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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 businesses. The collaboration between Sasfin and Payabill accelerates financing opportunities for...

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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...

Paxful launches wallet App

2019 Predictions for cryptocurrency

February 13, 2019 • Finance, Southern AfricaComments Off on 2019 Predictions for cryptocurrency

As we enter 2019, it is an opportune time to reflect on the year that was and strategize for the way forward. The crypto economy celebrated its 10th birthday in 2018, reaching a total market capitalization of approximately $138.6 billion (R1.9 trillion)....

Ecobank set for long-term sustainable growth

Ecobank Nigeria launches Ecobank Pay Zone in Lagos

February 13, 2019 • Finance, West AfricaComments Off on Ecobank Nigeria launches Ecobank Pay Zone in Lagos

Ecobank Nigeria, has launched EcobankPay zone at Alaba International Market, Lagos. Ecobank is committed to innovating more payment and financial solutions to serve traders across the country. Patrick Akinwuntan, managing director, Ecobank Nigeria said that...

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...

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...