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Top tips to keep your financial data safe on the internet
With the rise of e-commerce in Africa, it is almost unavoidable to buy products online or give your personal information to websites. While this development has made buying and selling so much easier, it has also increased the risk of…
Top 5 factors that differentiate fintech in Africa
Fintech in Africa, as elsewhere in the world, is big business. Investment is flooding into startups providing innovative ways of offering financial services. Startups in the fintech space took on almost 30 per cent of the total funding raised by African tech businesses…
Does South Africa lack FinTech skills?
FinTech is a booming industry throughout the African continent, but South Africa is reluctant to take advantage of this opportunity. This is largely due to a lack of skills and training, particularly in financial literacy. Future Talent Academy, a subsidiary…
Safaricom Kenya denies KRA access to taxpayers M-Pesa accounts
According to a report published via Business Daily, Kenyan operator Safaricom has rejected the Kenya Revenue Authority’s (KRA) request to gain access to its customers’ mobile money records. This move, according to the report, prevents the KRA from exposing those…
Using digital evolution as a means to unlock Africa’s economic potential
Africa’s digital economy is slowly evolving, showing huge potential for the continents transformation towards a cashless society. Whilst the progress has been slow, African countries share some of the world’s highest speeds of digital growth. Electronic payment systems are superseding…
Mobile money could give Kenyan entrepreneurs a business boost
Much has been said and written about how person-to-person mobile money transactions are transforming Kenya’s economy, but the technology also has the potential to help entrepreneurs take their businesses to the next level. That’s according to Dr. Rutendo Hwindingwi, divisional…
Kenya: Safaricom strikes M-Pesa deal with Carrefour Hypermarket
The Carrefour hypermarket chain, located within Kenya, has become one of the first retailers in Kenya to fully integrate Safaricom’s payments service “Lipa Na M-Pesa.” According to Safaricom, customers shopping at Carrefour now have the ability to complete payments faster.…
Dealing with the dark side of rapid digitisation in Financial Services
Across the African continent, organisations offering banking, lending, insurance, trading, and payments services are seeing the opportunities for technology to increase levels of financial inclusion, and delight customers with superior experiences. In fact, due to vast geographies and generally poor…
Should the world be following Africa’s mobile banking example?
Entersekt CEO, Schalk Nolte, looks at how African banks are responding to mobile security threats and points out that the rest of the world should be taking a page out of their book. The growth of mobile banking has surged over the…
Ericsson reveals Emergency Wallet to support humanitarian responses
Ericsson has committed to developing Ericsson Emergency Wallet, a mobile financial services solution, for deployment in the immediate aftermath of disaster or crises to support humanitarian organizations and affected populations within Africa as well as globally. The company revealed that…
FinTech must identify the problem if disruption is to be successful
Kevin Johnson Head of Innotribe Innovation Programmes at SWIFT, says Innotribe has learned from its work with the FinTech ecosystem. “Always start with clearly identifying what problem you are trying to address. If you don’t, you end up with a…
The rise of African fintech is changing the way Africans transact
Fintech is disrupting the way ordinary Africans manage and use money. And these fintech players are standing up to traditional institutions as a force to be reckoned with. Accenture estimates that over one-third of mainstream financial services’ revenue is at…
Innotribe opens doors for East African fintech startups
Swift expects even greater innovation and a shift away from mobile technology at the 2016 Innotribe Startup Challenge for Africa. The Challenge, now open for applications, will take place at Swift’s African Regional Conference (ARC) in Mauritius on 17-19 May…
Mobile phones provide fast track to financial inclusion in Sub-Saharan Africa
Even as mobile money services become part of daily life for millions in Sub-Saharan Africa, many potential customers face basic barriers to accessing the services on their own mobile phones. Lack of awareness and basic prerequisites, and low appreciation of…
MTN Group’s 2015 financial results detailed
MTN Group’s 2015 financial results reflect the challenging operating environment the business experienced in the year. Weak macro-economic conditions, increased market competition, heightened regulatory pressures, notably in Nigeria, and operational challenges in some of our markets resulted in a lower-than-expected…
Cape Town based FinTech start-up raises USD 2 Million
Digital insurance distributor Hepstar has received USD $2 million in funding from UK-based technology investor Amadeus Capital Partners. With the new funding, the company has revealed that it will build on its momentum by expanding its global reach, accelerating technology…
