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Mastercard reinforces commitment to drive Digital Transformation in Zimbabwe

Mastercard introduces Mastercard Developers

October 5, 2016 • Finance, Top StoriesComments Off on Mastercard introduces Mastercard Developers

Mastercard has accelerated the speed of commerce innovations by introducing Mastercard Developers. This single gateway enables Mastercard partners to access a diverse range of Application Programming Interfaces (APIs) across payments, data and security. The platform also includes a ‘New and Experimental’ API category that enables partners to test new...

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Peach Payment expends into Nigeria and Kenya

October 5, 2016 • Finance, Startups, Top StoriesComments (1)

Peach Payments is now processing more than R1-billion in transactions per year and expanding into Kenya and Nigeria with plans for other African countries. Peach Payment has recently launched PaySafe, which has already processed transactions worth R1-million,...

DPO group enters merger with PayGate

September 29, 2016 • Finance, Top StoriesComments Off on DPO group enters merger with PayGate

The Direct Pay Online Group, (“DPO Group”) – formerly known as 3G Direct Pay Limited announced that it has merged with PayGate (Pty) Ltd (“PayGate” or “The Company”). This merger follows the recent investment in the DPO Group by Apis Growth...

Standard Bank launches SA’s first banking App for kids

September 28, 2016 • Finance, Mobile and Telecoms, Southern Africa, Top StoriesComments (2)

Standard Bank launched a first-of-its kind smartphone and tablet game-like animated banking app for children. The Standard Bank Kidz Banking App is available initially only to Android users, it is designed primarily for kids between the ages of 6 and 11, and...

Mastercard reinforces commitment to drive Digital Transformation in Zimbabwe

Rwanda leaps into the digital economy through e-commerce

September 28, 2016 • East Africa, Finance, Top StoriesComments Off on Rwanda leaps into the digital economy through e-commerce

Mastercard, Bank of Kigali and RwandaOnline announced at the technology company’s Innovation Forum in Budapest, Hungary a partnership to launch Irembo– an online payment solution in Rwanda powered by Mastercard Payment Gateway Services. Aimed at...

African growth boosts SilverBridge annual results

September 28, 2016 • Finance, Top StoriesComments Off on African growth boosts SilverBridge annual results

SilverBridge has reported strong financial results for the year ending 30 June 2016. Its net profit increased by 21 percent to R10.1 million and its cash balance improved to R27 million, up from the R18.2 million of the comparative period last year. This...

Mobile Money a big hit for South Africans

September 27, 2016 • Finance, Southern Africa, Top StoriesComments Off on Mobile Money a big hit for South Africans

South Africans are showing significant appetite for mobile money solutions, this is according to the latest data from FNB eWallet Solutions, which shows that 4.2 million new eWallets were created over the last 12 months, a rate of about 350 000 new eWallets...

Plastic money and cash will soon lose popularity : Wendy Pienaar

September 23, 2016 • FinanceComments Off on Plastic money and cash will soon lose popularity : Wendy Pienaar

More consumers are seeking online solutions, with over 460 million financial transactions processed by Standard Bank on mobile devices between July 2015 and July 2016. Of these, 23 million transactions refer to value transactions amounting to R92 billion, a...

mobile money

FinTech in Africa: Driving Much More Than Financial Inclusion

September 23, 2016 • Finance, Top StoriesComments Off on FinTech in Africa: Driving Much More Than Financial Inclusion

The rapid transition towards financial inclusion that Sub-Saharan Africa has been seeing in the last decade could not have happened without the successful adoption of mobile money. However, mobile money and financial technologies have brought Africa’s...

HomeSend, Mastercard aim to transform $3bn remittance industry in Ethiopia

September 23, 2016 • East Africa, Finance, Top StoriesComments Off on HomeSend, Mastercard aim to transform $3bn remittance industry in Ethiopia

HomeSend and the Commercial Bank of Ethiopia (CBE) announced a new remittance service at the US-Africa Business Forum, that will allow more than 100 million Ethiopians to send funds directly to any mobile number in the East African country. Launched in 2014,...

Mukuru, EcoCash simplifiy money transfers to Zimbabwe

September 22, 2016 • Finance, Mobile and Telecoms, Southern Africa, Top StoriesComments Off on Mukuru, EcoCash simplifiy money transfers to Zimbabwe

Mukuru has partnered with EcoCash, a Zimbabwean mobile money provider, to offer a quick and easy way of sending money to Zimbabwe. The partnership was facilitated and structured by Cassava, a wholly-owned financial technology (FinTech) subsidiary of the...

GetBucks snaps up former Barclays digital chief

September 21, 2016 • Finance, People, Top StoriesComments Off on GetBucks snaps up former Barclays digital chief

GetBucks  has appointed  Evans Munyuki as the company’s new Chief Digital and Information Officer.  GetBucks is a subsidiary of Frankfurt-listed FinTech company, MyBucks S.A. Prior to taking up the position, Munyuki was the Head of Digital for Barclays...

Banks grapple while nimble players eat their lunch

September 20, 2016 • Finance, Top StoriesComments Off on Banks grapple while nimble players eat their lunch

Financial inclusion is a critical engine of economic development at both macro and micro levels. Technology – and access to mobile phones – could make financial services accessible and available to nearly 4 billion people who are ignored or underserved,...

A study reveals how digital payments can boost tax revenue

September 20, 2016 • East Africa, Finance, Top StoriesComments Off on A study reveals how digital payments can boost tax revenue

A new study  from the United Nations-based Better Than Cash Alliance provides findings about the large potential gains for governments, businesses and citizens when digitizing payments. Many emerging economies are grappling with how to modernize their...

Middle East, Africa IT Spending to Top $110 Billion for the Year Despite Challenging Economic Conditions

September 20, 2016 • FinanceComments Off on Middle East, Africa IT Spending to Top $110 Billion for the Year Despite Challenging Economic Conditions

According to the latest ‘Worldwide Semiannual IT Spending Guide, annual IT spending in the Middle East and Africa (MEA) is predicted to reach $110.94 billion this year, representing year-on-year growth of 5.1%. The global technology research and...

The youth prefers to bank smart with digital channels

FinTech companies to tackle financial inclusion

September 19, 2016 • FinanceComments Off on FinTech companies to tackle financial inclusion

While the developed world may take financial access – and associated financial infrastructure for granted, simple financial terms, products and services like savings accounts, debit cards and credit are completely foreign to large populations in...