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Why Deep Dives into SA’s townships could change FinTech innovation
The marked increase in activity around the disruption of digital currency and fintech in South Africa is partly due to two factors: firstly, large banking is waking up to the fact that more nimble and versatile finance platforms will soon…
SimbaPay partners with Choice Microfinance Bank in Kenya
SimbaPay has revealed the expansion of its free instant deposit service to Choice Microfinance Bank in Kenya. SimbaPay has partnered with Choice Microfinance Bank a microfinance institution founded by Kenyans abroad. According to Victor Karanja, Head of Operations for SimbaPay: “Money…
Airtel, Wari partner to expand financial inclusion in Nigeria
As part of its contribution towards Federal Government’s efforts to deepen financial inclusion in the country Airtel Nigeria has collaborated with payment solution provider, Wari, to provide a new payment platform for Nigerians. Designed as a convenient and easy-to-use payment…
Financial companies handle cyber threats when they happen
Kaspersky Lab, in cooperation with B2B International, has conducted a survey* among company representatives to find out their attitudes towards information security, including financial companies’ policies towards protection from online fraud. The survey found that about half of banks and…
Top Technology trends shaking up the financial services industry
The financial services industry has to consider the adoption of new technology trends such as cloud computing to augment their capabilities and social media to test market appetite for new products and services. The industry has historically been at the…
Will Digital Finance play a bigger role in SA in 2015?
Digital finance services will become increasingly tailored to the digital channel and will play a significantly larger role in 2015, as more and more South Africans look outside of mainstream financial institutions to meet their financial needs. This is according…
Kenya: Microfinance institution to expand beyond tea sector
Greenland Fedha Limited (GFL), a microfinance institution for small-scale tea farmers in Kenya, has implemented a new software solution to improve its efficiency and remain competitive in the market. According to the institution, it had chosen the Microsoft Dynamics NAV…
South Africa on a solid path towards financial inclusion
South Africa is making significant headway in furthering financial inclusion, according to a new MasterCard report entitled “A Progressive Approach to Financial Inclusion.” According to MasterCard, the report explores the progress that 30 developed and developing countries have made in…
Fintech startup reveals money transfer service for West Africa
Azimo, an online money transfer service, has revealed that consumers across Europe can now send money to recipients in Benin, Burkina Faso, Ivory Coast, Guinea-Bissau, Mali, Niger, Senegal and Togo in West African CFA francs for instant cash pick-up. Michael…
East Africa: Innovation Lab to expand digital financial services
MasterCard has unveiled the launch of MasterCard Labs for Financial Inclusion, a new initiative seeking to impact more than 100 million people globally by developing practical and cost-effective financial tools that expand access and help build stable futures over the…
Will Tanzania’s Finance Bill stymie Internet growth?
Amendments to Tanzania’s recently passed Finance Bill 2013 has ushered in a 14,5% excise duty on all mobile airtime, mobile services, as well as landline and wireless telecommunication services. According to research Tanzanians will have to fork out more for…
