Hello #SouthAfrica! Customers based in 🇿🇦 can now send money to friends and family in 145+ countries worldwide — as easy as sending an instant message. Here’s Andrew Stewart, our MD for Middle East and Africa, sharing the news with @cnbcafrica...
Here are my fintech predictions for 2019 based on what we are seeing with our members at AlphaCode which closely track international trends in this space. AlphaCode is the Rand Merchant Investments (RMI) incubation, acceleration and investment initiative...
January 5, 2019 •
Finance, Opinion •
Fundi •
Comments Off on Here’s why the FinTech sector must embrace hyper-availability
Over the past two years, FinTech startups in Africa have enjoyed unprecedented investments. However, just as the Dot Com Bubble has shown, real business value must be delivered to meet stakeholder expectations. This is where the importance of combining...
December 13, 2018 •
Finance, West Africa •
Fundi •
Comments Off on Ecobank selects MFS Africa as digital partner
Ecobank, the Pan-African bank announced the appointment of MFS Africa as Digital payment partner enabling cross-platform payment services for Ecobank account holders. The partnership allows Ecobank customers to send and receive money to and from over 170...
Euronet, a US-based provider of electronic payment services, and the Bank of Mozambique have made a deal for the licensing, implementation and maintenance of the computer system for interbank payments. Speaking on the matter, the director of the Central...
In less than eight weeks, Nedbank’s new mobile account, MobiMoney, has seen more than 50 000 people sign up in the Soweto, Tembisa, Mamelodi and Soshanguve areas where the solution was piloted. As further testament to the popularity and ease-of-use of the...
Orange Group and MTN Group, two of Africa’s mobile operators and mobile money providers, have announced a joint venture, Mowali (mobile wallet interoperability), to enable interoperable payments across the continent. Mowali makes it possible to send money...
Even though local retailers braced themselves for Black Friday, the onslaught on systems still resulted in all the major payment mechanisms buckling under the pressure. Once again instant EFT payment provider i-Pay has remained completely available and stable...
November 15, 2018 •
Finance •
Danielle Kruger •
Comments Off on PayFort wins award for ‘Most Innovative Online Payment Service Provider’
PayFort, an Amazon company, has been recognised as the ‘Most Innovative Online Payment Service Provider’ by the International Finance Awards 2018. This is an awards programme run by International Finance Magazine that identifies finance, financial...
November 15, 2018 •
Finance, Top Stories •
Neo Sesinye •
Comments Off on Fintech to solve financial exclusion in Egypt
Egypt boasts one of the fastest-growing business markets in Africa. With that said,fintech is set to play a key role in providing basic financial services to the large pool of unbanked people. According to the latest report from Africa’s leading corporate...
Kenyan innovation hub and tech accelerator iHub has recently partnered with Raise, a Bahamian and Kenyan technology company that has developed a company ownership platform to manage compliant digital securities in frontier markets. The announcement of this...
November 8, 2018 •
Finance, Southern Africa •
Danielle Kruger •
Comments Off on Deloitte reveals that South Africans are open to use and pay for automated financial advice
As many South African households struggle to “get by” financially and live from pay cheque to pay cheque, they often experience high levels of financial stress. While stress levels are the highest among low-income earners, more than a quarter of...
October 31, 2018 •
Finance, Opinion •
Darryl Linington •
Comments Off on Fintech partnerships: The golden opportunity for traditional banks?
South Africa’s Fintech scene is growing rapidly, with a number of exciting local Fintech players attracting attention and venture capital investment. They’re carving out high-tech niches in all sorts of arenas: mobile money, social lending, bitcoin...
October 30, 2018 •
Finance, Top Stories •
Darryl Linington •
Comments Off on Africa predicted to be the world’s second-fastest growing region in 2020
The International Monetary Fund predicts that Africa will be the world’s second-fastest growing region in the period to 2020. This ensures that the continent will remain squarely on the radar of foreign companies and investors. South African companies too...
October 25, 2018 •
Finance, Opinion •
Fundi •
Comments Off on FinTech Investing in Africa: Beyond retail payments and nano-credit
More than 70 percent of FinTech venture funding in Africa has gone to retail payment and consumer credit startups. This is nothing new: payments are ubiquitous and digitizing them clearly saves time and money. In turn, payments startups become attractive to...
In a South African first, Synthesis Software Technologies (a wholly owned subsidiary of JSE listed Capital Appreciation) has been awarded Amazon Web Services (AWS) DevOps Competency status. This is the fintech company’s second AWS Competency, following...
