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digital banking

FNB Customers reach R3b spending peak on black Friday

FNB customers once again hit R3 billion in purchases on Black Friday, in line with last year’s highest spend peak. FNB saw a positive shift in usage of the FNB Virtual Card, with a 94% year on year increase in...

The Impact of Technology on the Future of Digital Banking

The banking sector encounters a significant challenge in embracing digital transformation, aligning with contemporary customer expectations for swift, efficient, and user-friendly services. Outdated strategies no longer suffice. To maintain competitiveness, banks must fully engage in the digital transformation journey,...

FNB Named SA’s Best Digital Bank

FNB was named South Africa's Best Digital Bank in the 12th annual South African SITEisfaction® survey conducted by Human8 (previously known as InSites Consulting and Columinate). FNB was rated highest for innovation, demonstrated by a successful redesign of the...

8 Million South Africans Now Have a TymeBank Account

TymeBank, one of the world’s fastest growing digital banks, announced today that it has onboarded eight million customers as at 6 October 2023, which means one in every five eligible* South Africans now has a TymeBank account. Commenting on this...

Cameroonian Fintech Emerges as Winner of 2023 Ecobank Challenge

Koree from Cameroon is the Ecobank Fintech Challenge competition’s first ever female-led fintech winner having beaten eight other finalists to claim the top prize of US$50,000; Wolf Technology from Democratic Republic of Congo came in second, winning US$10,000, while...

FNB Stokvel Savers Reach Soaring Heights

Stokvel customers are making remarkable progress in their saving efforts. Since November 2019, FNB stokvel customers have significantly increased their savings, surpassing the R8.3 billion mark in total member contributions. FNB revealed that its customers’ stokvel net deposits have increased...

FNB’s eWallet Service Surges: A Remarkable 15% Increase in Transaction Value

FNB says it continues to see signs of a rebound in consumer-to-consumer economic activity, demonstrated though a significant increase of over 15% in the value of money sent via its renowned eWallet service during the previous financial year, rising...

Egyptian Fintech to Revolutionise Cashless Payments

Flash, Egypt’s new cashless payment app that provides cashless payment solutions for consumers and businesses through a scan and pay service. The application allows consumers to make a purchase with their phones by adding any existing bank card or digital...

Telkom Kenya is Planning a Loan Product on T-Kash

Telkom Kenya is reportedly planning on introducing a credit product called T-Kash Loan. According to Techweez, the product has not been activated yet but the company has indicated on the T-Kash app that it is "coming soon." T-Kash is a...

HelloPay Launches Business Solution Package to Support SMEs

HelloPay has launched a new turn-key suite of business solutions that will enable growth, save costs, and give users peace of mind that financial access is available to them when they need it. The informal sector accounts for about 18...
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Bahamas to host Afreximbank, AfriCaribbean Meetings

President and Chairman of the Board of Directors, Afreximbank, Professor Benedict Oramah says “Afreximbank’s historic decision to hold the 31st...
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