The rise of fintechs might be shaking up the banking sector in developed countries, but African banks are taking full advantage of this technological revolution. So argue the co-founders of TagPay Yves Eonnet and Hervé Manceron, in their new analysis of the digital revolution, Fintech: The Banks Counter-attack. The...
Natoshi Nakamoto – the creator of bitcoin – had a vision for the new age of commerce and that vision is being realised at a rapid pace as with all financial services, people all around the world desire financial platforms that are convenient, safe, reliable and trustworthy. Cryptocurrency has...
The Bitcoin halving is a planned reduction in rewards miners receive. Halvings happen once every four years or so. And the next one will take place in the early hours of Tuesday, 12 May 2020. What exactly is a halving and why does it happen? Bitcoin is generated by miners....
Nigeria's mobile operators have set up the Telecommunications Financial Inclusion Committee and laid out a plan to improve financial literacy in Nigeria. Glo, 9Mobile, Airtel, MTN and Ntel held a meeting in September 4, 2018, where the operators articulated their commitment to deepening financial inclusion and providing Nigerians with...
Growing internet access and improvements in online security have allowed South African consumers to feel more comfortable with online shopping. Today, around 23% of local shoppers make a purchase at an eCommerce store at least once a month. With a wealth of information and options at their fingertips, these...
Earlier this week, global trading platform, Chaka launched in Nigeria. The technology-enabled platform intends to give Nigerian users the opportunity to invest in stocks listed on NASDAQ, the New York Stock Exchange and the Nigerian Stock Exchange, offering over 4000 assets and indexes from companies such as Apple, Alibaba,...
Current market activity indicates that cryptocurrencies are set for “another considerable surge in price gains” in the near future, but investors are advised to exercise caution. This forecast from Nigel Green, founder and CEO of the deVere Group – an independent financial services organisation, follows a recent strong showing in...
FNB has launched its virtual card service to all individual and business customers. The Virtual Card is accessible via the FNB App and the RMB Private Banking apps. With this service, customers no longer need to rely on a physical card at merchants that have Tap-to-Pay functionality as they can...
It is anticipated that there will be millions of recurring grant recipients over the next three to six-month period as South Africa grapples with the economic and social challenges of the nationwide lockdown and beyond. Micro-payment platform Ukheshe, together with its key strategic partners, Mastercard and Nedbank, has announced that...
Mastercard has launched a new low-cost payments solution that enables small business owners to move their businesses online and accept a range of digital payments from their customers. The “SME-in-a-Box” solution is powered by Mastercard’s payment technology and that of its fintech partners, including payments and agency banking solutions company...
WorldRemit, a digital money transfer service has added Android Pay to its service. This will allow them to offer a new way for WorldRemit’s Android Pay users to send money internationally and reach millions using mobile money accounts. In a move which will bring together the leading players in mobile payments...
On 13 December 2017, ICT solutions provider, Huawei, announced a partnership with Xpress Money, a money transfer brands, to drive mobile money services to more of the worlds unbanked, with a focus placed on the African market. The partnership will give the remittance firm access to Huawei’s mobile money service...
At the inaugural African Fintech Unconference, organised by Nomanini and the Bankable Frontiers Association with the support of the Mastercard Foundation, a cross-section of professionals from the local and global fintech sectors gathered for two days to discuss key opportunities and challenges for fintech in Africa. More than 40 African...
Meet Pegg, discribed as the personal trainer for businesses, It will log expenses and file receipts, with no fuss at all. Pegg provides information on how much the company has spent or earned for the month and sends instant reminders of the companies debt. Pegg has financial skills and super-sharp...
The President of Nigeria, Muhammadu Buhari commended the Bank for its successes and pledged Nigeria’s continuous support for the institution. “I want to recognize the support that the African Development Bank has given Nigeria in recent times. I remember the Bank’s critical gesture in 2016 during the difficult period of...
On Tuesday, 12 December 2017, First National Bank (FNB) came out to urge and warn consumers against falling victim to a new banking scam whereby fraudsters remotely take control of your PC over the internet and gains access to your online banking profile. The new scam sees fraudsters send unsuspecting consumers...
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