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South Africa: Finance Minister fraud charges dropped and social media reacts
According to ENCA, Pravin Gordhan’s lawyers have confirmed that fraud charges brought against the South African Minister of Finance have been withdrawn by the National Prosecuting Authority (NPA). The NPA held a briefing on Monday in Pretoria where National Director of Public…
Digitata takes Mastercard’s digital payment message to mobile masses
Mastercard in collaboration with Digitata Insights, recently launched a gamification campaign to educate South Africans on the benefits of making safe, secure and fast payments with Masterpass, the global digital payment service from Mastercard. The interactive game – “The Masterpass…
The financial sphere is spicing it up with Gamified Learning
From blockchains to mobile wallets and robo advisers, the financial realm is a veritable hotbed of technology innovation and development. Unlike many other large and established sectors (legal, medical, insurance), the financial sphere has proved to be willing to rapidly…
Why are banks struggling to implement big data?
Financial institutions are ideally positioned to reap a host of benefits from big data, given their access to multiple streams of information. However, most banks are still standing at the edge of the big data wave, hesitant to take the…
Mastercard, Ecobank ink deal to reach 100 Million customers by 2020
The Ecobank Group has signed a Memorandum of Understanding (MoU) with Mastercard to roll-out Masterpass QR, a mobile payment solution, across 33 African countries. This new agreement will give Ecobank the scale and capacity to achieve its 100 million customer…
First Global Online Investment Marketplace with Integrated Blockchain Launched
Today, Wealth Migrate became the first Fintech enabled online investment marketplace to integrate blockchain technology in a move that significantly enhances security and privacy protections for investors around the globe. Wealth Migrate Chief Information Officer Jaco Maritz said that while…
Banking: True consequences of a security breach
Financial institutions often underestimate the consequences of a breach. By doing so, they risk misjudging the value of high-quality online and mobile security, says Renata Fischer, SVP Sales of Entersekt. Around the world, banks and their customers are under threat…
Financial inclusion still a challenge in Africa
Africa’s financial environment is as competitive as other developing and high income regions in some countries, but access to finance remains a challenge, according to ICAEW (The Institute of Chartered Accountants in England and Wales). In its report Economic Insight:…
ChamsMobile launches Mobile Money for Nigerians abroad
Nigerian Mobile Money Operator, ChamsMobile Ltd, under its brand ‘Kegow’, has announced the introduction of a Mobile money account for Nigerians living abroad in socalled “diaspora”, an account which will include a linked Visa Virtual Card as a standard feature.…
SA’s outdated banking regulations stifling innovation, preventing competition
While the stringent financial regulations in South Africa protect consumers and the financial services sector from systemic risk, they also create high entry barriers for innovative entrepreneurs looking to improve the industry’s customer value proposition. That is the view of…
Rwanda: Mastercard, GTBank partner in digital payment partnership
Mastercard and Guaranty Trust Bank Rwanda Ltd (GTBank Rwanda) are building on their long-standing partnership in Rwanda by introducing a suite of digital payment solutions, aimed at extending the demand for safe and convenient payment solutions. GTBank Mastercard Platinum and…
Computop, PayU ink retail partnership
PayU and Computop have announced a partnership that will provide South African retailers with payment solutions for high growth international markets. Retailers are now able to effectively conduct online and mobile business throughout most of the world via Computop Paygate…
Digital Financial Inclusion – Why is it important?
The world is a growing and dynamic place. Despite the obvious challenges, it is generally becoming a richer and more prosperous place to live in with more people being lifted out of poverty than ever before. For people in low-…
Why fintech has created a golden moment of opportunity for savvy banks
With the disruptive arrival of financial technology tools and platforms, banks worldwide have been besieged with gloomy forecasts. Advisory firms and analysts are feverishly crunching the numbers and warning of a tech-fuelled banking revolution – with the established players on…
ThisIsMe to use Blockchain technology
ThisIsMe (TIM) has announced it will soon be launching blockchain technology to further enhance its current services of true identity (ID) verification, onboarding, background checks and KYC/AML (know-your-customer and anti-money laundering). “While often associated with the virtual currency, Bitcoin, blockchain…
Ubank partners WIZZIT to launch digital payment platform
Ubank, has shaken up the financial services industry by launching their own mobile and digital payment platform in partnership with WIZZIT International. The implementation of the platform – nicknamed Vulindlela – aims to competitively position Ubank to leapfrog into adjacent…
