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Forex intermediaries – an alternative for forex dealings
Unfortunately, if you thought 2016 was a wild ride, it is likely to just have been the opening salvo before more upheaval. The foreign exchange market is set to be even more volatile in 2017 than before. Thanks to the…
BT links up 5 biggest foreign exchange markets
BT (British Telecoms) has announced that it will be linking up the world’s five main foreign exchange (FX) locations to help boost the competitiveness of its global financial industry customers. The company will now be offering BT Radianz FX express,…
Electrum to simplify Value Added Services
In a bid to boost revenue by hundreds of millions of Rands, retailers are increasingly selling virtual products and services known as Value Added Services (VAS). However, it is not as simple as selling normal stock as VAS which includes products…
How supporting digital wallets can help your small business to grow
More than half (52%) of South African Internet users are eager to make mobile payments, according to market research from GfK. That means that small merchants that are not yet putting payments systems in place that support digital wallets are…
From Europe to Nigeria, easy cross-border remitances
TerraPay, a mobile international payment network, has announced that it has partnered with MoneyTrans, a leading Money Transfer company established in Europe and Africa as well as Paga, Nigeria’s pioneering payments and financial services company, to launch cross-border remittances from…
Kenya: Safaricom makes M-Pesa more transparent
Traditional and mobile banking institutions have been urged to be transparent in their dealings by the business regulator, Communications Authority of Kenya (CA). This, according to Kachwanya.com, has resulted in Safaricom Limited updating mobile money transfer service, M-Pesa, to be in…
Twitter reacts to SA banks collusion
On Wednesday afternoon, South Africa’s Competition Commission announced that they would be referring a case involving 17 banks to the Competition Tribunal; this after said banks were accused of carrying out acts aimed at manipulating the value of the South African Rand.…
The real ‘digital opportunity’ in banking
For most of us, banking is a ‘grudge purchase’. We don’t wake up in the morning and look forward to paying accounts, drawing cash from the ATM, or buying airtime. Our interactions with our bank’s call centres or branch staff…
What is Blockchain?
Deloitte hosted the Blockchain Africa Forum on the 15th of February at their offices in Woodmead, Johannesburg. Deloitte brought in their Blockchain experts from their Grid EMEA Blockchain Lab in Ireland to help de-mystify one of the most controversial and…
Mastercard to empower 150 000 MSME’s in Kenya
Mastercard commits to empowering over 150,000 Micro, Small and Medium Enterprises (MSME) in Kenya within 2017 by giving them access to Masterpass QR. The mobile driven, Person-to-Merchant payment solution will be introduced through various financial institutions and other partners in…
Changing the face of banking, Brian Richardson of Wizzit
Brian Richardson, CEO and Founder of Wizzit International, sat down with IT News Africa for an exclusive interview on the future of banking on the African continent as well as the biggest digital disruptions that could affect banking in 2017.…
Nigerian price comparison site acquired by Silvertree
Nigerian price comparison site, TopCheck, has been acquired by Africa’s leading Internet Platform, Silvertree Internet Holdings, for an undisclosed amount. In 2016 the website recorded fast growth, processing up to 10 million USD (3 billion Naira)  in Gross Application Value…
South Africa to issue national digital currency?
The South African Reserve Bank (Sarb) is open to the idea of issuing a national digital currency based on Blockchain or Distributed Ledger Technology (DLT), th according to a report by MoneyWeb. Head of National Payments System at Sarb, Tim…
Huduma smart cards to connect Kenyans
Mastercard has committed to supporting Huduma in rolling-out a smart card that aims to connect all citizens to the formal financial sector to drive efficiency and transparency as part of their 2030 goals. The Huduma Card is a prepaid card…
Bridging inequality through a cashless economy– lessons for SA
South Africa can learn from the Indian government’s moves to bank its unbanked population by limiting the amount of cash that can be drawn at one time, identifying populations with high potential to ‘go cashless’, and by subsidising smart phones.…
Atlas Mara and Mastercard to provide financial access to millions
Atlas Mara and Mastercard have formed a partnership with an aim to build a stronger digital payment ecosystem with a focus on accelerating financial inclusion in sub-Saharan Africa. The partnership will enable 20 million customers and 100, 000 merchants to…
