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4AX appoints interim CEO

4 Africa Exchange appoints interim CEO

July 2, 2019 • Finance, People, Southern AfricaComments Off on 4 Africa Exchange appoints interim CEO

4 Africa Exchange (4AX),  has announced that Fay Mukaddam has stepped down as Chief Executive Officer (CEO). The CEO of RainFin Sean Emery will take over as interim CEO of 4AX. Mukaddam is still involved with the company as an active shareholder and will continue to support the business operations in other positions. At the [&hellip...

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Amazon’s PAYFORT to provide payment facilities via AjmanPay

Amazon’s PAYFORT to provide payment facilities via AjmanPay

July 2, 2019 • Finance, GeneralComments Off on Amazon’s PAYFORT to provide payment facilities via AjmanPay

Tuesday, 2 July 2019 — PAYFORT, a subsidiary of Amazon, announced a partnership agreement with the Government of Ajman, aimed at enhancing and extending the payment options currently offered by the emirate’s unified smart payment gateway, AjmanPay.  The...

Thunes appoints KB Teo as new CFO

Singapore-based payment company, Thunes appoints new CFO

June 29, 2019 • Finance, PeopleComments Off on Singapore-based payment company, Thunes appoints new CFO

Thunes, a business-to-business global payments platform that is targeted at emerging markets announced that KB Teo will be the new Chief Financial Officer. Teo enters the job with vast knowledge he has gathered over the past 25 years in the fields of...

Standard Chartered expands its digital bank across Africa

Standard Chartered expands its digital bank across Africa

June 28, 2019 • Finance, Southern Africa, Top StoriesComments Off on Standard Chartered expands its digital bank across Africa

  Standard Chartered has announced the expansion of its digital bank as part of its digital transformation strategy in Africa. The digital bank will now be available in Botswana, Zambia and Zimbabwe this follows the launch of digital-only banks in...

BTC launches mobile money wallet SMEGA

Botswana Telecommunications revamps mobile money wallet

June 27, 2019 • Finance, Online & Social, Southern Africa, Top StoriesComments Off on Botswana Telecommunications revamps mobile money wallet

Botswana Telecommunications Corporation Limited (BTC) has revamped and launched its mobile money service, SMEGA. SMEGA has been revamped to work on Comviva’s mobiquity Money platform. The mobiquity Money platform is regarded as one of the world’s...

8 key areas to improve South Africa-Nigeria cooperation-Standard Bank

8 key areas to improve South Africa-Nigeria cooperation-Standard Bank

June 27, 2019 • Finance, Southern Africa, West AfricaComments Off on 8 key areas to improve South Africa-Nigeria cooperation-Standard Bank

Standard Bank has identified eight key areas of potential cooperation between South Africa and Nigeria, which the two countries could use to spur faster economic growth and improve the living standards of their citizens. Africa’s two biggest economies...

Sandile Shabalala steps down as CEO of TymeBank

TymeBank CEO resigns

June 25, 2019 • Finance, People, Southern Africa, Top StoriesComments Off on TymeBank CEO resigns

TymeBank CEO Sandile Shabala is stepping down from the position, according to a statement issued by the company on Tuesday, 25 June 2019. Shabalala held the CEO position for almost 3 years. TymeBank is South Africa’s first fully digital bank and is...

A catch up with Hello Paisa since the launch of its digital bank

Hello Paisa makes it to Inclusive Fintech 50 club

June 25, 2019 • FinanceComments Off on Hello Paisa makes it to Inclusive Fintech 50 club

International money remittance and digital banking provider, Hello Paisa has been selected from over 400 hopeful applicants and placed among the globe’s top 50 fintechs. The judging panel consisted of industry experts across venture capital, banking,...

Sasfin establishes council for financial industry

South Africa: Sasfin establishes council for financial industry

June 20, 2019 • Finance, Top StoriesComments Off on South Africa: Sasfin establishes council for financial industry

Financial services provider, Sasfin has established a Digital Advisory Council to provide the market with expertise and insights on trends shaping the use of technology in financial services. Headed by the founder of World Wide Worx, Arthur Goldstuck the...

Facebook’s new cryptocurrency: Here are 6 things you need to know

June 20, 2019 • Digital Transformation, Features, Finance, Top StoriesComments Off on Facebook’s new cryptocurrency: Here are 6 things you need to know

Earlier this week, Facebook unveiled details behind its long-anticipated cryptocurrency, Libra. The company’s new digital platform is said to allow users to send and spend money at a next-to-nothing fee. While the coin hasn’t been made public just yet,...

Is Facebook the future of cryptocurrencies in emerging markets?

Is Facebook the future of cryptocurrencies in emerging markets?

June 19, 2019 • Finance, General, Mobile and Telecoms, Top StoriesComments Off on Is Facebook the future of cryptocurrencies in emerging markets?

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,...

Visa B2B Connect launches globally

June 19, 2019 • Finance, Top StoriesComments Off on Visa B2B Connect launches globally

Visa has announced the launch of their B2B connect network. The aim is to give financial institutions the ability to process corporate payments anywhere in the world. The Visa B2B Connect launch will initially cover more than 30 global trade channels, with...

How to make money online without paying money to start in 2019

Only 19% of South Africans fully understand cryptocurrencies, study reveals

June 18, 2019 • Finance, Security, Southern Africa, Top StoriesComments Off on Only 19% of South Africans fully understand cryptocurrencies, study reveals

Kaspersky has released a survey that reveals just how little of the South African population fully understands the workings of cryptocurrencies, despite there being considerable interest in this fairly new technology. In the report titled ‘Uncharted...

PayU launches operations in Kenya

PayU launches operations in Kenya

June 12, 2019 • East Africa, FinanceComments Off on PayU launches operations in Kenya

  PayU has been a licensed operator in Kenya since February 2019 and launched payment services for the region. Kenya, as the power hub for East Africa is superbly positioned for expansion into the rest of Africa. “Kenya is a powerful and growing...

WorldRemit launches new product for business payments to South Africa

WorldRemit launches new product for business payments to South Africa

June 12, 2019 • Finance, Southern Africa, Top Stories, West AfricaComments Off on WorldRemit launches new product for business payments to South Africa

Digital money transfer company WorldRemit has launched WorldRemit for Business, a new service that enables small and medium-sized business owners to pay their employees and contractors in 140 countries worldwide, including fast-growing markets such as Ghana,...

Headliners at AfricaCom 2019

MTN launches Africa’s first AI service for Mobile Money

June 7, 2019 • Finance, Top Stories, West AfricaComments Off on MTN launches Africa’s first AI service for Mobile Money

MTN Group is proud to announce the launch of Africa’s first Mobile Money (MoMo) artificial intelligence service or “chatbot”. The chatbot went live in Ivory Coast in May and will be rolled out across MTN’s MoMo footprint in the next...