Newsletter Subscribe
Enter your email address below and subscribe to our newsletter
Digital Finance
Share your love
Nigeria: N2.19 billion lost to cyber crime in 2016
According to reports by Nigeria Communications Week, electronic payment transaction fraud rose by 82 percent in 2016 with an estimated N2.19 billion ($6,9 million) lost to cyber criminals, according to the Nigeria Electronic Fraud Forum (NeFF) annual report 2016. The…
South African IT firms asked to disclose foreign trade
In what is seen as a major development, the South African Revenue Service (SARS) has tightened up its criteria for what multinational businesses are allowed to submit to the tax man. The new laws state that medium and large businesses in…
Real-world applications of blockchain-enabled supply chains
This is the second of a two-part series examining the impact of blockchain technology on supply chains. In part 01 we examined how blockchains work, and the potential game changing impact of this new technology on supply chains as a…
FNB launches innovative ATM
FNB has become the first bank in South Africa to introduce a non-cash dispensing ATM with deposit capability. These ATMs are a smaller version of the standard ATM which FNB introduced in 2013 as a way of bringing banking services…
Delivering cashless e-commerce in Africa
Jumia has joined forces with Mastercard to drive cash out of the online retail sector and provide a more secure and convenient way for consumers to shop online. Many online purchases are still being paid for with cash at point…
Nigerians fork out N138 billion to 10 banks
According to a report by the Vanguard, Nigerian bank customers paid N138 billion ($437 million) in electronic payment charges to the top 10 banks in the country last year. The fee represents an eye-opening 26% increase on the N109.1 billion paid…
Smart mobile security to drive innovation in e-commerce
South African consumers are becoming increasingly dependent on their mobile devices for daily banking activities. As such, there is pressure on financial service providers to adapt quickly to a mobile-first environment. Looming large among the challenges that these providers will…
New Bitcoin Remittance Service available in Nigeria, Kenya
Remitano, a Vietnamese platform that enables international transfers using Bitcoin. Using its current Escrow platform, Remitano users will be able to transfer funds quickly and securely across borders. Nigeria, Kenya and Tanzania are the African countries which will be able to take…
WHY CASH WON’T BE KING FOR MUCH LONGER
Innovation is increasingly changing the way consumers engage with the world. Yet how we transact remains stagnant, with many in South Africa continuing to make use of cash as a preferred payment method, despite having access to more effective, safer…
Fortumo expands into Algeria, Ghana and Tanzania
The mobile payments company Fortumo announced today that it has expanding its carrier billing services to 3 new African markets. More than 79 million mobile phone owners in Algeria, Ghana and Tanzania can now make payments for digital services. “Africa’s…
New Payment Security Solution To Reduce Online Fraud
CA Southern Africa, a provider of IT management and security solutions,  revealed on Tuesday the launch of CA Technologies, CA Risk Analytics Network. The newly launched network is aimed at tackling online fraud. The CA Risk Analytics Network is the payment…
Blockchain for supply chains
Blockchain is widely known for its most famous application, Bitcoin, and other virtual currencies. However, it is the conviction of many that in the fullness of time blockchain will make its biggest mark as a game changer for supply chains.…
KPMG launches Tax App for learnerships
KPMG in South Africa has launched a Learnership Incentive Tax Tool (LITT), an app that provides an additional tax deduction for registered learnerships. The objectives of this tax incentive are to encourage the creation of jobs by reducing the cost…
Rwanda’s cashless society journey continues
The Government of Rwanda and Mastercard have reaffirmed their shared commitment to the development of strong digital platforms to meet the needs of the country’s citizens and work towards Rwanda’s goal of promoting a cashless society. According to FinScope 2016,…
U2opia Mobile, Etisalat to ease data pressure of Nigerian’s
U2opia Mobile, a global mobile technology player has partnered with Etisalat, one of the leading telecom operators in Nigeria to launch its sponsored data suite FonePass in the market. FonePass, is a holistic data solutions suite that offers a slew…
South Africa: Check your credit score with USSD
TransUnion has launched a new USSD channel offering that will give South Africans access to their credit score and information from any cellphone. The option is also applicable to those that do not have mobile data or use smartphone. The…
