Africa’s technology news leader IT News Africa, today named Telkom and Hitachi Data Systems as Gold sponsors of the upcoming Financial Innovation Summit.
On the 28th of October 2015, financial and technology leaders will convene at the Radisson Blu Gautrain Hotel in Sandton, Johannesburg for the upcoming summit, under the theme – "Advancing...
The marked increase in activity around the disruption of digital currency and fintech in South Africa is partly due to two factors: firstly, large banking is waking up to the fact that more nimble and versatile finance platforms will soon start eating into their bottom line, and secondly, the...
SimbaPay has revealed the expansion of its free instant deposit service to Choice Microfinance Bank in Kenya. SimbaPay has partnered with Choice Microfinance Bank a microfinance institution founded by Kenyans abroad.
According to Victor Karanja, Head of Operations for SimbaPay: "Money transfers made to Choice Microfinance Bank by Kenyans living abroad...
As part of its contribution towards Federal Government’s efforts to deepen financial inclusion in the country Airtel Nigeria has collaborated with payment solution provider, Wari, to provide a new payment platform for Nigerians.
Designed as a convenient and easy-to-use payment solution, Wari allows users to make payment for goods and...
Kaspersky Lab, in cooperation with B2B International, has conducted a survey* among company representatives to find out their attitudes towards information security, including financial companies’ policies towards protection from online fraud.
The survey found that about half of banks and payment systems prefer to handle cyber incidents when they happen,...
The financial services industry has to consider the adoption of new technology trends such as cloud computing to augment their capabilities and social media to test market appetite for new products and services.
The industry has historically been at the forefront of the usage of technology. This is not surprising...
Digital finance services will become increasingly tailored to the digital channel and will play a significantly larger role in 2015, as more and more South Africans look outside of mainstream financial institutions to meet their financial needs.
This is according to Craig Whittaker, Head of Product at Wonga.com South Africa,...
Greenland Fedha Limited (GFL), a microfinance institution for small-scale tea farmers in Kenya, has implemented a new software solution to improve its efficiency and remain competitive in the market. According to the institution, it had chosen the Microsoft Dynamics NAV platform.
With the system in place, GFL revealed that the...
South Africa is making significant headway in furthering financial inclusion, according to a new MasterCard report entitled “A Progressive Approach to Financial Inclusion.”
According to MasterCard, the report explores the progress that 30 developed and developing countries have made in enabling access to and driving usage of different financial products...
Azimo, an online money transfer service, has revealed that consumers across Europe can now send money to recipients in Benin, Burkina Faso, Ivory Coast, Guinea-Bissau, Mali, Niger, Senegal and Togo in West African CFA francs for instant cash pick-up.
Michael Kent, CEO of Azimo, explains that: “Together these 8 countries...
MasterCard has unveiled the launch of MasterCard Labs for Financial Inclusion, a new initiative seeking to impact more than 100 million people globally by developing practical and cost-effective financial tools that expand access and help build stable futures over the long term.
Through an $11 million grant over three years...
Amendments to Tanzania’s recently passed Finance Bill 2013 has ushered in a 14,5% excise duty on all mobile airtime, mobile services, as well as landline and wireless telecommunication services. According to research Tanzanians will have to fork out more for access to telecommunication services, which, under the Bill, is...
