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financial technology

How Are Smart Contracts Transforming Financial Transactions?

In the dynamic landscape of financial technology, smart contracts emerge as a transformative force. These self-executing contracts, with terms directly coded into the agreement, have the potential to revolutionize how we initiate and enforce contracts. What are Smart Contracts? Smart contracts,...

Real-Time API that Slashes E-commerce Fraud with One Simple Integration

Many banks still rely on outdated batch upload processes for cardholder information and card status, which means consumers who need to cancel or block a stolen credit card will sometimes have to wait hours for their request to be...

Payment Trends to Watch in 2024 and Beyond

The last decade for payments has been extraordinary and the narrative surrounding payments is shifting. Over the next decade, payments will continue to connect people, devices, homes, cars and avatars spanning physical, digital and virtual worlds. No longer just...

Visa Invests in South Africa’s Financial Education

Global financial services giant Visa has announced that it recently signed a partnership with the Financial Services Consumer Education Foundation (‘FSCEF / the Foundation’) worth $200,000 (approximately R3.35 million) to support financial education in South Africa. The partnership is specifically...

Several African Fintech Startups Shut Down Services Amid Shady Activity

Many African fintech startup companies shut down their virtual dollar card services after a reported "chargeback" fraud. On Friday, Nigerian fintech company Flutterwave sent a message to its Barter customers that the virtual dollar cards will be unavailable for any...

South Africa’s Yoco Acquires Fintech Agency Nona Digital

Yoco, an African payments, and software company has acquired one of the leading fintech and Web3 software development agencies in Africa, Nona Digital. According to the announcement, this acquisition significantly accelerates Yoco’s roadmap by bringing a team of highly specialized...

To Emerge from COVID-19 Businesses Will have to “Re-Think” Traditional Models

Traditional models of business funding need a re-think if South Africa’s small businesses and entrepreneurs are to emerge from the financially crippling “winter of coronavirus” into a spring of growth and rejuvenation. Accepting that downturns, recessions and economic crises are...

Cryptocurrencies Continue to Gain Traction as Global Economy Shrinks

The cryptocurrency sector continues to show strong growth despite a severe economic contraction since the global COVID-19 pandemic. In fact, Bitcoin is up 28% and is now trading at $8993. This could be attributed to the move towards a cashless...

Ecentric Payment Systems boosted by strategic global investment

Ecentric Payment Systems, a payments company in South Africa, announced that Financial Software and Systems (FSS), a global digital payment and financial technology company, has made a strategic investment in the company to accelerate growth momentum into Africa. FSS has...

Fintech flourishes in Uganda as regulation remains hands-off for now

Financial technology is flourishing in Uganda, thanks partly to the enormous popularity of mobile money and payment systems and partly to the hands-off approach of the country's regulators. Although regulation does exist, it applies only to certain areas of the...
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How Fayda Digital ID Powers Ethiopia’s Ambitious One-Stop Government Service Platform

Ethiopia has launched MESOB (Modern Ethiopian Service for Organized Benefits), a groundbreaking one-stop shop platform that exemplifies how Digital...
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