United Bank Africa (UBA) has introduced its first merchant-focused app in Africa with the aim of creating a SMART (secure, mobile, accessible, reliable, transparent) network of 100,000 micro merchants and driving financial inclusion. The announcement follows the Pan African commitment made by UBA and Mastercard to introduce safer and more...
Wari and Mastercard have signed a Strategic Alliance Agreement that aims to help strengthen the Wari offering for its users and the digital payment ecosystem in 35 African markets. The two companies reinforced their focus on providing all citizens with access to secure and easy to use financial solutions, removing the...
Fintech startup, Paystack has announced it has closed on Seed Investment of $1.3M from international investors Tencent, Comcast Ventures and Singularity Investments, with participation from Spark, M&S Partners, Tokyo Founders Fund, Blue Rinc Capital, Pave Investments, KIBS-CFY Partners, Michael Siebel, Justin Kan, Olumide Soyombo, Leonard Stiegeler and a number...
Mastercard and Zenith Bank have included Ghana as part of their partnership in West Africa. The agreement is geared towards issuing a suite of digital payment solutions that include prepaid, debit and credit cards which was made available from December 14, 2016. The introduction of the suite of solutions will...
At the end of October the new cryptocurrency Zcash was launched. It is positioned by its creators as a more secure alternative to Bitcoin. Soon after the launch, the price of Zcash coins skyrocketed, followed by a spike in the installation of the application used to generate Zcash on...
The app economy is here, and it has changed the way that we live. We depend on our smartphone apps for everything from entertainment to photography to messaging to personal productivity to ordering transport or accommodation. And in South Africa, we’re becoming increasingly open to using our smartphones for...
FNB has won the title of Excellence in Mobile Banking at the Lafferty Global Awards in Cape Town, jointly with Sterling Bank of Nigeria. FNB was recognised for its innovative approach and achievements in integrating mobile technology as one of the preferred channels of banking for its clients, allowing them...
Kenya's Standard Chartered Bank has launched the Touch Login feature for smartphones that allows customers to use fingerprint to access their accounts. According to Telecompaper, the portal is available on iPhones, tablets and iPads, making it easy for clients to access their bank account balances, cards and investments securely...
Standard Bank has acquired a majority stake in Firepay - the team behind mobile payments product, SnapScan. Firepay was formed in 2013 to apply new mobile payments technology to build innovative products. In 2014 Firepay, in partnership with Standard Bank, launched SnapScan to allow customers to pay for goods and...
Wema Bank Plc and Etisalat Nigeria have partnered to introduce WemaEasySavers, a Tier-1 savings account aimed to ensure financial inclusion for more Nigerians especially the youth. The newly launched WemaEasySavers is an easy to open and use account designed to enable under-banked and unbanked Nigerian youth achieve their financial goals while...
Fast on the heels of Groupon’s exit from the South African market, newly formed Hyperli is set to take the online daily deal marketplace by storm. Hyperli has honed its offering and has launched a newly curated online marketplace focused on delivering relevant deals to South African consumers. Collective online...
If you are looking for ways to save in 2017, you might want to consider tossing your car and Ubering instead. My Treasury.co.za, which helps South Africans find the savings account with highest interest rates, crunched the numbers to see when it makes financial sense to own a car...
FinTech incubator, Digital Financial Services Lab (DFS Lab), announces the winners of its first bootcamp for entrepreneurs and start-ups. Funded by the Bill and Melinda Gates Foundation, this global initiative brought together 20 of the most promising entrepreneurs who are working to include the least served communities in the...
As holiday season begins, many are looking forward to spending some much needed time away from home. Others will be on vacations abroad and spending money is inevitable. Travelers need to be wary of online financial operations. According to research from Kaspersky Lab, consumers – including holiday makers and business...
Societe Generale (SocieteGenerale.com) announces that it has signed a merchant acquiring partnership with American Express (AmericanExpress.com) in eight countries in Sub-Saharan Africa where the Bank operates. These countries include Benin, Burkina Faso, Cameroon, Chad, Guinea, Ivory Coast, Madagascar and Senegal. The agreement involves both online sales and POS payments through...
Applications have opened for the Barclays Accelerator programme, powered by Techstars, an initiative aimed at uncovering the next M-Pesa or Paypal by working with exceptional fintech entrepreneurs innovating Africa’s financial services industry. This collaboration between Barclays Africa and Techstars offers a game-changing opportunity to 10 qualifying fintech startups, which will...
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