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 rolled...
Two years ago, Australia Post entered into a joint venture with a company to offer local businesses a single platform to access e-commerce products and other services. Post office branches in the UK offer customers access to the majority of all UK current...
February 1, 2019 •
East Africa, Finance •
Danielle Kruger •
Comments Off on Applications for DFS Lab’s Mojaloop Fintech Hackathon are open
Digital Financial Services Lab (DFS Lab) has announced it is hosting a hackathon in Dar es Salaam, Tanzania, from April 8 to 12. The Hackathon will offer participants an in-depth look at Mojaloop, which is open-source software for financial services...
FNB is expanding its digital payments ecosystem by enabling consumers and sole proprietor businesses to perform and accept QR code payments using the FNB Banking App. This makes FNB the first bank in South Africa to integrate QR code payments into a banking...
As someone that has always been fascinated by technology, I have looked on in amazement at the last 20 or so years. The way technology has enhanced and somewhat taken over our lives. We don’t seem to run our lives, our smartphones now dictate how we...
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 •
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...
