Taking stock of fintech in the broader African context while looking forward to opportunities in the year ahead. At this time of the year, there is usually a flurry of articles attempting to lay out trends to look out for…
After an influx of complaints about the repossession of vehicles by banks when people fall behind with their vehicle finance repayments, the Ombudsman for Banking Services (OBS), Reana Steyn, says it is necessary to clarify the rights of both consumers…
Paul Edwards, a former MTN Group CEO has secured series-A funding round for his new fintech startup called VantagePay. This funding comes from Crossfin Holdings, a Blue Garnet Ventures subsidiary, which according to TechCentral, has bought a “meaningful stake” at…
Safaricom has entered an agreement with Visa to form M-Pesa GlobalPay Visa Virtual card which will see the mobile phone-based money transfer service transact in 200 countries. This will allow customers to transact up to Sh150,000 ($1,283.70) per payment and…
Kenswitch and Absa have announced a partnership that will see the two financial service companies’ customers access services interchangeably. The two partners say that this will allow additional access to banking services, according to Techweez. “We are delighted to welcome…
Nigeria’s United Bank for Africa (UBA), and Cellulant, a leading Pan-African payments company, have announced a partnership that will extend payment services for merchants and consumers across 19 key African countries in which UBA operates. These countries include Nigeria, Ghana,…
Visa has just announced it is expanding its fast-track program to support fintechs in the Central and Eastern Europe, Middle East and Africa (CEMEA) region as part of its efforts in developing the next generation of digital payment solutions. Already…
Social media giant, Facebook has asked leading banks to share customer data to allow it to develop new services on the social network’s Messenger texting platform, a banking source told AFP on Monday. Facebook, which has come under intense criticism…
5 African banks have signed up to SWIFT’s global payments innovation (gpi) service, the new standard for cross-border payments. Of these, four are already live – Standard Bank of South Africa, FirstRand Bank, ABSA Bank and Nedbank – and many…
If there’s one industry we should be most concerned about when it comes to cyber criminals and security, it’s the one that looks after our money. “The financial services industry is under continual threat from cyber crooks, and the methods…