The adage ‘jack of all trades, master of none’ is apt for enterprises considering expansion into new African markets. Anthony Karingi, Vice President of Business Development – East Africa at leading fintech enablement partner Ukheshe, says the company is taking a collaborative approach to its regional expansion strategy – and is already reaping the benefits. “As […]
Category Archives: Fintech
Fintech Africa
Blockchain Africa is the continent’s biggest gathering of Web3 expertise and the crypto curious and it’s coming to Sandton on 16 and 17 March 2023 A Web3 wave comes to African shores next week and the continent is perfectly positioned to rise on this tide of innovation in ingenuity. The 9th annual Blockchain Africa Conference gathers together […]
ImaliPay, a leading fintech-as-a-service provider, has signed a major deal with 3rd Party e-commerce fulfillment solution Renda (1st March 2023). The partnership will support businesses across Africa by simplifying and streamlining the process of order fulfillment for Enterprise and Medium-sized businesses across Africa, starting with Nigeria. The two companies will provide key services to ambitious businesses, making it easier […]
In the second half of 2022, the South African Reserve Bank (SARB) announced it has its sights set on stricter regulations for the South African payments ecosystem “to ensure financial stability in a world of increasingly innovative and disruptive technology”. Though some new fintech players winced at the thought, it is a necessary move if […]
The music industry is always at the forefront of the latest trends, so it should be no surprise that NFTs have been embraced by many artists and fans already. If you’re an artist, you might have been thinking about creating NFTs for your fans, or it might not have crossed your mind. This article has […]
Fintech, Nigeria News
Why the promise of a cashless society is key to unlocking the Nigerian commerce growth opportunity
By Justin Floyd, CEO of open commerce platform, Redcloud Cash is a uniquely expensive and inconvenient way to do business. However, shifting to a world of cashless payments is easier said than done, as many policymakers have discovered to their cost. The Nigerian Government is taking unprecedented steps to reduce the economic reliance on cash and […]
Fintech
Successful adoption of 3D Secure authentication continues to grow globally, according to study from Ravelin
The adoption of the latest version of 3D Secure authentication for online payments has significantly increased around the world, according to a new report by fraud prevention specialists Ravelin. The global average for transactions passing through the latest version (3DS2.2) has shot up to 17% from 1% in H2 2022. The frequency of version updates in […]
Fintech, Ghana News, Kenya News, Nigeria News, South Africa News
Blockchain Africa Conference 2023: Gearing African businesses to compete in the global marketplace
The adoption of blockchain technology has gained traction in South Africa, Kenya, Nigeria and Ghana – resulting in more efficient and lower-cost cross-border payments to facilitate African businesses conducting trade abroad1. This shift can be attributed to an increase in global ratification of the technology where approximately 44% of the top 100 public companies2, including […]
Blockchain Research Institute Africa Making Strides in Levelling Financial Playing field Africa has an enormous cash and informal trade economy, however, at the root of many challenges that Africa currently faces is financial exclusion. An alarming 900 million are unbanked in Africa due to numerous challenges, including accessibility to banks, occupation barriers, financial limitations, gender issues, and […]
Fintech, Senegal News, Startups
Presenting the 2022 Partech Africa Report: Resilient African Tech Ecosystem Still Growing with $6.5 Billion Raised in 2022
Amid the drastic pullback in global VC funding, the African tech ecosystem stands out with +8% growth from 2021. Debt funding doubled in volume to $1.5B, accounting for nearly a quarter of the total funding. Fintech, still leading, attracted 39% of the total equity volume; Nigeria retained the top spot with 23% Partech Africa, the […]
Fintech, Nigeria News
Touch and Pay [TAP] launch Cowry card cashless fare collection technology on new LRMT Blue Rail Line
500,000 Lagosians set to benefit as Nigerian startup becomes first local company to unify rail, bus and ferry via contactless cards Touch and Pay Technologies [TAP], a Nigerian fintech company and leading processor of micro-transactions in Africa, announced today that for the first time, rail passengers across Nigeria’s largest city, Lagos, can access the newly launched […]
PwC’s Global Economic Crime and Fraud Survey 2022 revealed that 46% of organisations have experienced fraud, corruption, or other economic crimes in the last 24 months. Ryan Mer, CEO of eftsure Africa, a Know Your Payee™ (KYP) platform provider, gives a rundown of what to look out for. 1. Fraud protection is no longer optional It’s hard […]
Events, Fintech, Kenya News, Tech
Africa Tech Summit 2023 Returns To Nairobi For Fifth Edition In February
Africa Tech Summit, the leading tech conference focused on connecting businesses and driving investments within Africa’s tech ecosystem, will host its fifth edition on the 15th to 16th of February 2023 at the Sarit Expo Centre in Nairobi. “After a sold-out out Summit in 2022, we are excited to welcome back 1000+ tech leaders, investors, […]
The 7th Edition Connected Banking Summit – East Africa will be held on the 7th of March in Nairobi, Kenya The Connected Banking Series focuses on building future-oriented banking models by accelerating the pace of digital transformation and delivering a delightful customer experience in line with policy and regulations while ensuring the highest standards of […]
Fintech
McKinsey & Company Predicts African Fintech Revenues Could Reach an Impressive $30 Billion by 2025
As the fastest-growing start-up industry in Africa, African fintech raised over US$1,3 billion in 2021 alone, the success of fintech companies is being fuelled by several trends, including increasing smartphone ownership, declining internet costs, expanded network coverage, and a young, fast-growing, and rapidly urbanizing population. [i] African fintech has a significant impact on day-to-day life […]
By Erick Pendo Bitcoin was the world’s first decentralized digital currency. It was created in 2008 and has since become a popular form of digital payment that allows both buyers and sellers to securely store “money”, and send and receive payments without the need for an intermediary bank or other financial institution. Bitcoin transactions are […]
According to the October 2022 Nilson Report, global Point Of Sale (POS) terminal shipments worldwide reached 136 million in 2021, up 4.3% over 2020. Newland Payment Technology Terminals rose to third place behind Worldline/Ingenico and Pax, with 11.235 million shipments to give the brand a 8.26% share of the global POS market. Closer to home, […]
OPEN FINTECH FUTURE: Jean Olivier of Shoprite, John Singlam of Investec and Anand Naidoo of HelloPaisa shared their fintech journeys in discussion with financial journalist Refilwe Moloto at the dt (Direct Transact) Open the Future gathering in Joburg. Several local innovators came together to discuss the future of fintech for brands, retailers and banks in […]
In countries where mobile money adoption is successful, GDP per capita growth could reduce poverty by around 2.6%. Successful deployment and adoption of mobile financial services is associated with positive GDP growth in developing markets, according to new research from Vodafone Group, Vodacom Group, Safaricom, and the United Nations Development Programme (UNDP). Mobile financial services […]
The mobile application for Africa’s first digital lay-by and recurring payments provider, LayUp, has won ‘Best Incubated Solution’ at the 11th annual MTN Business App of the Year Awards, which honours the work of the best of the best coders, tech enthusiasts, students, start-ups and lesser-known app developers in South Africa. The application was developed by the Capital […]
Fintech
Ukheshe and Gratifii partnership marries payments and rewards solutions for powerful embedded finance
Fintech enablement partner Ukheshe continues to execute on its ongoing partnership agreement with enterprise loyalty and rewards company Gratifii. The agreement gives both organisations and their clients access to industry-leading payments solutions as well as a loyalty rewards platform, explains Pieter de Wet, President of Business Development International at Ukheshe. “Integrating Gratifii’s Mosaic loyalty platform into our Eclipse […]
Fintech, South Africa News
To build trust, payment providers need to ensure they are compliant and follow standards
By Thabiso Serake: Information Security Officer at Pay@ October is Cyber Security Awareness month and is observed globally to help individuals protect themselves online as threats to technology and confidential data become more common. Former South African finance minister Tito Mboweni recently made headlines when his bank account was hacked, and a large sum of money was […]