Mashreq, a leading financial institution in the UAE, announced on Tuesday, 8 October 2019, that it has partnered with Avaya and Koopid to recreate its banking experience - the transformation focusses on customer experience, including self-service capabilities, with the introduction of the region’s first digital engagement banking bot.
The new...
Africa was at the forefront of technological change this week as Barclays Africa and its UK parent company Barclays plc completed the world’s first trade finance transaction using blockchain technology.
The trade, between Ireland and the Seychelles, was based on a new technology platform developed by Wave, an innovative start-up...
Online payment gateway PayGate, a subsidiary of South Africa's DPO Group, has announced that it is enabling Samsung Pay as an additional payment method for its merchants.
The mobile payment solution provides a secure and private way to make mobile payments – without having to hand over cash or share...
The Central Bank of Nigeria (CBN) has officially launched its Central Bank Digital Currency (CBDC) website for the eNaira.
Last month, the CBN announced that it was working with Barbados-based fintech firm Bitt Inc as a technical partner to launch the West African country's own digital coin. The eNaira is...
Kacha Digital Financial Service S.C. announces its official approval from the National Bank of Ethiopia (NBE) to commence full commercial operations.
This significant milestone firmly establishes Kacha as the nation's inaugural privately licensed payment instrument issuer.
Kacha Integration with EthSwitch
Having obtained its pilot license from the National Bank of Ethiopia in...
Wealth Migrate is the first Fintech enabled online investment marketplace to integrate blockchain technology in a move that significantly enhances security and privacy protections for investors around the globe.
Wealth Migrate Chief Information Officer Jaco Maritz said that while many financial services providers are experimenting with the transformative power of...
The greatest challenge that the accounting and auditing profession faces today is investing in the education and training that is needed to keep up with the change of pace in the environment. Advances in technology and digitization has led to the industry requiring a different set of skills than...
Safaricom has today increased M-PESA transactions limit to KSh. 250,000 for each transaction. The move will see the addition of a new transaction band of KSh. 151,000 to KSh. 250,000 for Send Money, Lipa Na M-PESA BuyGoods, PayBill and all other transactions.
“We welcome the move by the Central Bank of...
MoneyGram announced on Tuesday 29 May 2018, the launch of money transfer service directly to any bank account in Ghana.
Funds can be sent via MoneyGram online or at any one of MoneyGram's thousands of locations around the world. The money can be accessed in minutes either in person, online...
According to Women's World Banking, Nigeria has a significant and underbanked market, relying on a population consisting primarily of self-employed and economically active women with limited economic opportunities. Their research indicates a substantial gender gap in financial inclusion within the country, with only 35% of women and 55% of...
While forging one's path seems noble, in the business world, statistics affirm the value of partnerships. For instance, Microsoft derives 95% of its commercial revenue through its partner ecosystem, while a Harvard Business Review report reveals that 94% of tech executives consider innovation partnerships crucial to their strategies.
Natasha Archary,...
SiSebenza, the new South African business that is driving social and economic change in South Africa, is already disrupting the local market through its work with global collaborative workspace provider WeWork.
SiSebenza is supporting WeWork's drive to enter the African market and, together with strategic partner ALW Properties, has brokered...
Telkom has launched Africa’s first Mastercard virtual card for use on WhatsApp, enabling Telkom Pay customers to make e-commerce payments.
This move is expected to empower millions of South Africans – even those without a bank account – to access the digital economy and transact online.
Telkom Pay
Launched in 2020, Telkom...
As online financial transactions are becoming increasingly popular, many Zimbabweans are adopting the use of mobile wallets and online banking services across the country. While the ease that digital payments offer is unparalleled, making transactions and receiving payments online also comes with the risk of cybercrime.
With the growing trend...
Anyone looking to launch an African startup in 2023 must be sorely tempted to do so in the fintech space (provided they have the relevant background and expertise). After all, fintech has been on something of a streak on the continent. Most of the continent’s unicorns (startups valued at...
