Friday, April 18, 2025
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finance

Cybersecurity

FNB prioritieses debit order fraud

Neo Sesinye -
FNB has detected abnormally high volumes and disputes of suspicious debit orders with descriptors Procall and Mzansi in December 2018 and January 2019. In line with its standard practice, the Bank informs customers of new debit orders loaded on their bank accounts. In...
East Africa

Goodwell invests $2 mln in Copia

Danielle Kruger -
Goodwell, the pioneering investment firm whose focus is in fintech, financial inclusion and growth in firms providing essential goods and services has invested $2million into Copia, a Kenyan e-commerce venture. Copia makes it easier for underserved consumers to order...
Mobile and Telecoms

Global smartphone sales stalled in Q4 of 2018 – Gartner

Neo Sesinye -
Top Chinese mobile phone manufacturers grew their sales across emerging markets in the third of 2018 because of their low price smartphones and the smartphones having features improved camera features and high-quality resolution displays. However according to research by Gartner,...
East Africa

MCB Group plans to enhance business in Kenya

Neo Sesinye -
Mauritius Commercial Bank (MCB), in Nairobi has just announced plans to position itself as a strategic partner of businesses in Kenya and East Africa. The Group’s new representative office has been officially opened on January 30 and has given the...
FinTech

#BudgetSpeech2019: Budget spending has to focus on getting our country ready for technology

Danielle Kruger -
South African Minister of Finance, Tito Titus Mboweni, delivered the 2019 Budget Speech on Wednesday, 20 February, addressing government expenditure as set out for the year. "As we look to the future, I see the following huge shifts in society...
FinTech

Shoprite Lesotho cross-border remittance product reaches $70 mln

Danielle Kruger -
The Shoprite cross-border money remittance product reached the R1 billion mark in January, roughly 70 million USD, after just three years of it being implemented between SA and Lesotho. The cost of a transfer of R900 is 2%, which...
Cloud Computing

Huawei gears up for Cloud Africa launch in March 2019

Neo Sesinye -
In 2018, Huawei announced plans to launch its first public cloud datacentre in Africa, however there was mention of location nor exact date of the launch. In a recent statement issued by Huawei, the company confirmed the launch to happen...
FinTech

2019 Predictions for cryptocurrency

Danielle Kruger -
As we enter 2019, it is an opportune time to reflect on the year that was and strategize for the way forward. The crypto economy celebrated its 10th birthday in 2018, reaching a total market capitalization of approximately $138.6...
FinTech

Data rollover is now free for FNB Connect customers

Neo Sesinye -
After months of speculation, FNB has finally unveiled their soon-to-be-released mobile offering under the FNB Connect. FNB has announced that its customers who use FNB Connect can now benefit from free data rollover and data transfer, in addition to the...
East Africa

Visa launches fintech fast-track program in Africa

Neo Sesinye -
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...
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Latest News

FinTechStaff Writer -

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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