African embedded finance enabler Ukheshe Technologies has announced the launch of the very first tap-on-phone payment solution that requires no certification via Eclipse Payment Service App (EPS) - which is set for public release on 1 July 2022.
Though tap-on-phone payments have been available for a while, up until now...
Robo-advice and artificial intelligence technologies are fast-tracking new investment opportunities at a lower cost than traditional investment options – disrupting financial institutions’ approach to customer interaction.
These automated platforms, that use algorithms to manage investments at a lower cost than a financial advisor or active financial manager, are expected to...
The average South African crypto buyer is most likely to be male, spends about $29.38 on the first purchase and holds onto it for about eight months, according to data from Luno, the largest crypto platform in the country with 9.8-million customers in 40 countries.
Interest in crypto is rising...
The Cape Town Stock Exchange (CTSE), the city's fintech stock exchange, announced today the closing of a $5-million (R85-million) funding round.
In addition, the company announced an expansion of its board, adding Mark Fitzjohn, Bruce Ndidi (both from Empowerment Capital) and Stephan Van Der Walt (Pallidus Alternative Investments).
The oversubscribed round...
Technology has become entrenched in the way we do business, and as a result, IT has shifted from being a pure enabling capability within the business and is now seen as an equal partner in the business. Digital transformation has been a significant driver in the positioning of IT...
Alix Murphy, Senior Mobile Analyst at global money transfer app WorldRemit, has put together her top 3 predictions for Mobile Money, FinTech and financial inclusion in 2016. The predictions can be found below:
Predictions for 2016
1. Financial inclusion will mean big business. Making serious money and reaching the unbanked have...
Provider of a rapidly growing mobile payment service and consumer platform, OPay has raised $50 million in total funding. The lead investors included IDG Capital, Sequoia China, Source Code Capital, Meituan-Dianping, GSR Ventures and Opera. OPay plans to use the new capital to strengthen the company’s position in Nigeria,...
Equity Bank has introduced a range of digital solutions in Rwanda. The Eazzy Banking suite of products includes the EazzyBanking app, which is available for both Android and iOS.
The app enables customers to open accounts, send money to bank accounts or mobile wallets, apply for and repaying loans, and...
Nigerian Deposit Insurance Corporation (NDIC), the country’s financial sector insurance regulator, on Monday 27 November 2017, again warned Nigerians against the risk of trading with digital currencies not issued by the Central Bank of Nigeria (CBN). The warning comes after Bitcoin hit an all time high last week as...
The Central Bank of Nigeria (CBN), the country's top regulator of banking activities, has released new guidelines to further regulate the services provided by mobile money operators (MMOs) in Nigeria.
Changes in regulations mostly focus on streamlining and increasing the scope of MMO business, but also the protection of customers...
New “neo bank” Leatherback is poised to disrupt the financial services sector with its one account, multiple currency solution that allows businesses and individuals to conduct global transactions easily, quickly and securely.
Leatherback founder and CEO, Ibrahim Toyeeb, says the introduction of Leatherback to the global market is underpinned by...
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...
In celebration of the first democratically elected president Nelson Mandela’s birth centenary, the South African Reserve Bank (SARB) will be launching its first commemorative banknote series.
These notes will cover all denominations – R10, R20, R50, R100 and R200. As part of the celebrations, the South African Mint, a subsidiary of the SARB, will...
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...
