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finance

New “neo bank” integrates invoicing and payroll services

New “neo bank” Leatherback is poised to disrupt the financial services sector with its one account, multiple currency solution that allows businesses and individuals to conduct global transactions easily, quickly and securely. Leatherback founder and CEO, Ibrahim Toyeeb, says the...

5 Fraud Solutions Every Financial Institution Should Have In Place

The growth in digital banking and e-commerce, spurred on by the COVID-19 pandemic, provides fertile ground for fraudsters and money launderers to commit crimes anonymously. Fraud and Cybercrimes thought leader, Clive Gungudoo, MoData’s Director of Financial Crimes and Risk...

Quality FinTech Solutions In Africa

The African continent is an exciting market where financial technology gets implemented every day. The impact these financial technology solutions are having on the financial sector in Africa is tremendous. Financial technology, or FinTech, has proved to be a...

Cashless and Contactless Payments Beyond COVID-19

The emergence of COVID-19 has made the need for digitising payments more critical than ever before and for this to be a success, electronic payments need to offer similar benefits to those afforded by cash. Globally, economies are in various...

TymeBank CEO resigns

TymeBank CEO Sandile Shabala is stepping down from the position, according to a statement issued by the company on Tuesday, 25 June 2019. Shabalala held the CEO position for almost 3 years. TymeBank is South Africa's first fully digital...

i-Pay changes to Ozow and offers zero processing fees

If you've done any kind of online shopping in South Africa, you're more than likely to be familiar with the name i-Pay. Not only do they make electronic funds transfers (EFTs) smoother and safer, they also singlehandedly saved 2018...

Tax reform, digitisation key to financing development

Africa must digitise its economies, broaden its tax base, prevent further deterioration of fiscal and debt positions, and aim for double-digit growth to achieve the UN 2030 global goals (SDGs), and the AU Agenda 2063 according to the 2019...

Trump’s proposed budget slashes Kenya’s aid funding

The United States is set to reduce aid funds given to Kenya by more than 50 percent in the 2020 financial year that begins in October. President Donald Trump's proposed budget issued on Monday calls for deep cuts in aid...

Spaza shop fintech closes gap in $2.8bn cash market

It is estimated that the spaza shop market in South Africa is valued at around R40 billion per year and that 90% or more of the transactions are in cash. This market is growing at around 10% each year....

The youth prefers to bank smart with digital channels

Statista.com, the global statistical data portal estimates that the number of smartphone users in South Africa will reach 22 million in 2019. This is in line with FNB’s data which indicates an increase in banking via digital channels by...
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PayPal and TerraPay Unite to Expand Cross-Border Payments Across MEA

PayPal has announced a strategic partnership with TerraPay, a leading global money movement platform, to enable real-time fund transfers...
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