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The lynchpin for success in the mobile banking wars
Recent years have seen South African banks compete in a key battleground: the mighty mobile app. Each bank is positioning mobile in slightly different way – with some emphasising contactless mobile payments, another highlighting bot-like automation and machine learning, others…
Collaboration is key to improving fintech industry performance in Uganda
The financial services industry – banks, mobile network operators, insurance providers and others – have historically sought to work independently in achieving their profitability goals. With the recent global and regional influx of Fintechs – companies that leverage technology and…
Safaricom to launch e-commerce platform
Safaricom’s soon to launch e-commerce platform, “Masoko” will go live in October 2017. Masoko will compete directly with established e-commerce platforms like Jumia and Kilimall, but the company says the platform is primarily aimed at small businesses. Speaking about the…
Financial cyber crimes demand stronger banking security
The financial services industry is under increased threat from cybercriminals who use ingenious methods to attack institutions and consumers. Cybercriminals are employing ever more sophisticated means to intercept online transactions and commit fraud. Banks, financial services companies and consumers are…
TerraPay and Instant Cash partner to enable cross-border money transfers
TerraPay and Instant Cash have partnered to enable real-time cross border money transfers to mobile wallets. According to the companies, the partnership will make cross-border money transfer – to all major mobile wallets in Tanzania, Uganda and all mobile numbers in Nigeria…
Tola Mobile to help merchants reconcile transactions in Africa
Tola Mobile has announced advances in its Tola Wallet offering. Tola Wallet connects businesses to previously unbanked customers. The mobile service provider can now reconcile transactions that would previously have been delayed or even potentially lost when outages and downtime occur within the…
Make Payments Over SMS With TotalSend
TotalSend has announced the addition of Push Payments to its product portfolio. The launch of Push Payments, according to the firm, will see TotalSend step into uncharted waters and form a unique category of being able to integrate payments into digital…
African First: UCT Offers Fintech Degree
 The University of Cape Town (UCT) is now the first University on the African continent to offer a degree in fintech. The degree is specifically designed to equip students with the necessary skills and knowledge to embrace the technological revolution…
Cloud Accounting: Is it the answer to provisional tax chaos?
It’s not easy running a business that is seasonal, or one that goes through waves of increased activity like an accounting practice. Provisional tax returns (IRP6s) are due this August 2017 and can easily disrupt the day-to-day business of your…
Women catching up to men on eWallet usage via FNB App
The latest data published by FNB eWallet Solutions has revealed that women are catching up to men when it comes to cashing in on the convenience of sending and receiving money via eWallet on the FNB App. The data shows…
South Africa: e-Commerce to boost economic growth
Entrepreneurship and Small, Medium and Micro-sized Enterprises (SMME’s) are the catalyst to achieving economic growth and development in South Africa. This is according to the South African Government which has prioritised their advancement. Kevin Tucker, founder of PriceCheck – Africa’s…
NBK, WorldRemit partner to offer instant money transfers to Kenya
Digital money transfer service, WorldRemit, and the National Bank of Kenya (NBK) have launched a partnership to enable Kenyans living abroad to make instant transfers home. WorldRemit users can now make instant bank deposits to NBK accounts held in both…
The barriers and misconceptions around digital banking channels
Although there has been an increase of customers using the FNB Banking App, 33% to be exact, the South African banking giants still feel that there is a clear reluctance, from people who earn less than R300 000 per annum, to…
TerraPay launches international mobile money transfers to Uganda
Mobile payments switch, TerraPay has announced the launch of international mobile money transfers to Uganda. Terrapay received approval from Bank of Uganda to facilitate International money transfers to mobile wallets in the country. This allows TerraPay’s network partners across the…
PayU Nigeria introduces new payment solution for recurring bills
PayU Nigeria, a fintech company focused on online payments, announced on Tuesday that the company has introduced PayU Subscription, a convenient payment method which allows merchants to safely and securely collect payments from consumers who have recurring bills or subscription payments…
Credit Card vs Cash in Africa – on the verge of convergence.
According to a recent study conducted by Mastercard, over 50% of the South African population still transact using cash on a daily basis. This is despite the number of banked adults rising to 77% in 2015. Conversely, financial service providers…
