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MobiCash Launches MobiSpaza in South Africa
MobiCash, a mobile financial services and technology company, today announced the release of their new platform called MobiSpaza in South Africa. The new platform is a spaza sector-focused mobile platform and is an inclusive business tool that builds bridges between…
Fintech players to capture Africa’s unbanked market
The advent of Fintech has blown Africa’s unbanked market wide open but no one knows yet who the big winners will be in capturing this massive emerging opportunity. Will it be the banks? The telcos? Fintech companies themselves? Will maverick…
Zambia: Mobile money company Zoona, scoops prestigious awards
Mobile money company, Zoona has been awarded the Bank of Zambia Governor’s Outstanding Innovation Award for 2017, and two international Private Equity Africa Awards, recognising the company as a leader in innovation and key contributor to financial inclusion on the…
e-commerce companies partner to accelerate digital payments in Africa
TransferTo, a global B2B Cross-Border Mobile Payments Network, has partnered with global e-commerce platform, MallforAfrica, to offer shoppers living in Africa with direct online access to over 200 major retailers across Europe and the USA. Over the last few years, e-commerce…
Financial inclusion and consumer safety through digitisation
Use of hard cash as a percentage of total global payments is steadily declining but the key driver of its supply and demand is the consumer’s propensity to adopt alternatives such as digital transactions. The use of legal tender such…
Nigerian start-up and Mastercard deliver cashless online shopping payment
Within an African e-commerce sector which is plagued by cash, with the majority of payments still being made in cash at the point of delivery, Mastercard has partnered with Nigerian tech start-up, NetPlus to develop an e-commerce solution that will…
24% of banks struggle to identify online banking customers
A survey conducted by Kaspersky lab has revealed that 24% of banks worldwide struggle with the identification of their customers when delivering digital and online banking services. According to the Financial Institutions Security Risks survey, 59% of banks anticipate growing…
A Fintech First: Instantaneous Online Debit Orders
Fintech startup, Direct Debit, recently launched E-Mandate, will offer a valid electronic agreement solution which allows customers to sign and authorise debit orders and recurring payment transactions online from any web-enabled device. This means that the days of businesses waiting for paper…
Siemans- Corruption to Cost Nigeria 37% of its GDP
Siemans, a multinational company operating in Nigeria, has said that if the public and private sectors in the country do not come together to fight the corruption which is plaguing Nigeria, it will cost the nation 37 percent of its…
UBA and Mastercard partner to drive financial inclusion goals
Mastercard has signed a strategic partnership agreement with the Uganda Banker’s Association (UBA) to develop a framework that will strengthen the local financial services sector. The National Vision aims to transform the country into a prosperous African economic powerhouse, where…
WorldRemit And Android Pay Targeting Unbanked Sector
WorldRemit, a digital money transfer service has added Android Pay to its service. This will allow them to offer a new way for WorldRemit’s Android Pay users to send money internationally and reach millions using mobile money accounts. In a move…
Youtap partners Matchmove to provide mobile money solutions
Youtap, the global provider of contactless mobile money payments and financial services software, has partnered with MatchMove to provide Youtap customers in Africa and Asia with an off-the-shelf open-loop payment acceptance solution for wallets that are still closed-loop. Youtap will…
Africa on a world class AML compliance
Africa has earned an unfair reputation of being a haven for money laundering and terror financing activity. There’s good reason for this. Africa has traditionally lagged behind developed markets in terms of promulgating legislation to combat money laundering. And where…
Renew your car license on your phone with FNB
Customers of South African bank, First National Bank (FNB), will now be able to renew their car license on their mobile phones. This is thanks to the recently launched Nav Car platform on the FNB App. Users simply have to…
PayU to expand Nigerian online payment market
PayU, in an effort to further their operations in Nigeria, have announced that they will intensify efforts to connect businesses to Nigeria’s online payment market. The annual online payments in Nigeria is estimated to surpass N200 billion this year from N167…
Risky business for mobile merchants
South African financial institutions are under severe pressure to better secure their mobile services. Fraud and increasingly sophisticated phishing attacks are massive challenges for organisations providing financial services via mobile devices, whereas the demand for them from consumers is booming.…
