Newsletter Subscribe
Enter your email address below and subscribe to our newsletter
Digital Finance
Share your love
How the mobile experience is shaping customer expectation
Our lives have become, in many ways, a ‘mobile experience’. We’ve become inseparable from, dependent on and emotionally attached to our devices to the extent that we feel lost without them. Whether for social media, banking, business tasks, buying and…
Barclays Africa Group to Collaborate with Nine Fintech Startups
Barclays Africa Group, will collaborate with nine fintech companies in a bid to explore promising new technology-based solutions that could prompt significant improvements for consumers and in bank services. The fintech companies include Flexpay from Kenya and South African startups, FOMO…
UBA Introduces First Mastercard Debit Card in Mozambique
United Bank for Africa Mozambique (UBA) today announced the launch of the first Mastercard debit card in Mozambique. Focused on displacing cash, the electronic payment solution aims to deliver a secure payment alternative for the Mozambicans – instantly. In line…
Interview- “Biometrics to make payments secure and convenient”
Recently IT News Africa caught up with Xavier Larduinat, Head of Banking and Payment Innovation at digital security company Gemalto. Xavier is in charge of promoting Gemalto as a leading digital security company, with customers in over 180 countries. The company’s…
New Bitcoin Exchange launched in Kenya
Belfrics Global, a Malaysia based, bitcoin technology provider has launched its Bitcoin Exchange in Kenya to allow traders and Bitcoin users to trade at a much lower cost. The cost of transactions while using Belfrics will be 5 percent. Belfrics…
Yoco CEO, Katlego Maphai talks about empowering SME growth
South African fintech startup, Yoco has, in just over two years managed to offer a large number of businesses access to card payment facilities and their trading history online. Yoco was founded by four friends, Katlego Maphai, Carl Wazen, Bradley Wattrus…
Converging forces set to transform retail banking
A range of models and millions of dollars in consulting hours are expended to understand the potential impact of a range of market forces on the retail banking sector. While the potential outcomes are fraught with unpredictability, it is worthwhile…
Kenya: Jamii Bora Bank Introduces Integrated Digital Banking Platform
Jamii Bora Bank Limited (JBBL), a Kenyan SME lender has launched an integrated digital banking system to enable its customers conduct business online. Dubbed “DigiLife”, the platform allows customers to undertake online transactions, conduct mobile money transfers and apply for…
Uganda on the Fintech curve
In the financial world, technological disruption is nothing new, having triggered far-reaching change over the centuries. The banking world of today is poles apart from that of ancient Babylon where merchants offered grain to farmers to transport goods. The latest…
Virtual cards offer financial inclusion for online payments in emerging markets
Online shopping is becoming more popular. People shop online for Flowers, sneakers, food, diplomas – you name it. Except you can’t, if you don’t have a credit card. Two in three black teens in the USA make purchases online, so…
Entersekt appoints vice president to spearhead growth in Africa and the Middle East
Stellenbosch-headquartered fintech company Entersekt has appointed ICT industry veteran Pattison Mutambiranwa as senior vice president Middle East and Africa. The newly created position attests to Entersekt’s growing dominance in sub-Saharan Africa and sustained interest from the Middle East, and follows…
The role of mobile financial services in achieving financial inclusion in Africa
Africa is at the forefront of mobile banking (M-banking). It is also one of the continents with the lowest levels of financial inclusion. Because of the penetration of the mobile phone in the telecommunications sector, mobile banking has taken off…
Create a free mobile shopfront with Chat Find
Chat Find, a new app which offers businesses, large and small, a commercially viable mobile commerce platform, has been made available to South African business owners. Mobile is becoming an increasingly important space for businesses, with statistics showing that South African…
Where will Fintech take our transactions?
Mobile point-of-sale devices were disruptive when they first debuted, providing merchants with a laid-back way to accept card payments, and have since become a necessity given that consumers expect to pay with credit or debit cards for anything – from…
Centenary Bank, Mastercard partner to boost financial inclusion
Centenary Bank and Mastercard have today announced a multipronged approach to digitising Uganda’s economy in support of the National Financial Inclusion Strategy. Following the recent signing of a strategic partnership agreement focused on boosting financial inclusion in the East African market,…
Why USSD won’t replace apps
The complex acronym USSD (Unstructured Supplementary Service Data) does nothing to represent its simplicity. It’s the most basic of mobile phone-based service offerings – but its potential to make strides for financial inclusion is significant. Despite predictions by some financial…
