Fintech Archives - Page 5 of 19 - AfricaBusiness.com

₿trust Acquires African Bitcoin Developer Training Company, Qala

5Sep

By Africa BusinessNo Comments

Fintech

₿trust Acquires African Bitcoin Developer Training Company, Qala

Jay-Z and Jack Dorsey-funded Bitcoin Non-profit Acquires Qala to Build Next Generation of Open-Source Bitcoin Developers ₿trust, a non-profit organisation which exists to decentralise development of Bitcoin software, has today announced its acquisition of Qala, the leading organisation training the next generation of African Bitcoin and Lightning engineers. The deal, which was completed on 1st September 2023, will see Qala rebrand as the ₿trust Builders Programme, to strengthen ₿Trust’s mission to drive the development and education of Bitcoin open-source engineers from across the Global South. Launched in 2021, ₿trust focuses on fostering developer talent and supporting the free and open source Bitcoin ecosystem by locating, educating, and remunerating Bitcoin open source engineers from...

Over 200 Leading African and Global Organizations Set to Convene at Africa Fintech Summit Lusaka, Zambia, this November

4Sep

By Africa BusinessNo Comments

Events, Fintech, Zambia News

Over 200 Leading African and Global Organizations Set to Convene at Africa Fintech Summit Lusaka, Zambia, this November

The stage is set for the largest gathering of fintech stakeholders from around Africa and the globe as the Africa Fintech Summit prepares for its 10th edition. The summit, renowned for fostering meaningful conversations, partnerships and other ecosystem-enabling engagements, is scheduled to take place from November 2-3, 2023, at Ciela Resort and Spa in Lusaka, Zambia. The Africa Fintech Summit has become a platform where innovators, entrepreneurs, regulators, investors, and other influential players convene to chart the course for Africa’s fintech landscape. With the fintech sector on the continent witnessing exponential growth and transformation, this year's summit aims to accelerate the pace of innovation, foster partnerships, and address critical challenges faced by the industry. AFTS...

14Aug

By Africa BusinessNo Comments

Fintech

Cultivating a frictionless payment experience for merchant success

By Wesley Fetter, Product Manager at Ecentric Payment Systems In the world of business, especially within the e-commerce sphere, the adage ‘the customer is king’ has never rung truer. Today's rapidly evolving digital landscape requires businesses to provide effortless, seamless, and most importantly, frictionless experiences to customers. Central to this is the payment process, which, if optimally managed, can significantly boost customer loyalty and drive business success. Defining the frictionless experience But what exactly constitutes a 'frictionless' payment experience? In essence, it is a payment process designed to provide a high conversion and approval rate by reducing complexity across all available payment methods - be it card payments or alternative options like SnapScan or ...

8Aug

By Africa BusinessNo Comments

Democratic Republic of the Congo, Fintech

Why an African-based, African-run payments partner with global insights is essential for success on the continent

How to get it right in DRC By Christian Bwakira, MFS Africa's Group Chief Commercial Officer To understand the dynamics of Africa's payment ecosystem, it is crucial to recognise what sets the continent apart from other markets. Unlike economies such as Europe, Africa lacks a uniform infrastructure, especially in francophone countries. The continent presents unique challenges that require unique solutions. When a global enterprise enters the continent, it must understand the dynamics, regulatory frameworks, and local business practices. Failure to grasp how things work in Africa can hinder the ability to connect sellers and buyers and impede business success. Adapting to Africa's payment landscape involves considering the available payment methods, developing user-acquisition strategi...

1Aug

By Africa BusinessNo Comments

Fintech

A modern CCM platform facilitates speed to market without the need to ditch legacy systems

Mark Todes, Director and Co-founder of GhostDraft Modern enterprises largely acknowledge that in the hyper competitive digital world, customers have options and remain loyal out of choice. With this in mind, it is crucial for businesses to invest in modern and agile communication tools. However, many enterprises are delaying this crucial move as they have either extended the life of their legacy systems or are enduring painfully long implementations. It need not be an either-or discussion. There is no need to sacrifice modern customer communication because of a legacy core system or complex digital implementation. A modern customer communication management (CCM) system works equally as well with legacy core or modern integrated systems. Beyond this, it gives enterprises something akin to...

1Aug

By Africa BusinessNo Comments

Fintech, South Africa News

How Scan to Pay is unleashing the power of QR code payments in South Africa

The QR code payment industry has seen a surge in adoption in recent years, with estimates suggesting a global market value of USD$9.98 billion in 2022. QR codes are seeing a marked increase in popularity in South Africa as well, says Pieter Roux, President Payment Strategy at Ukheshe. From the brand evolution of Masterpass to Scan to Pay, Powered by Ukheshe, our Scan to Pay data shows a growing demand for mobile payments as more consumers use their mobile devices – from entry-level devices to high-end smartphones – for payments with an average of 12 million transactions per month. QR codes are a powerful method of digital enablement as they work on almost any mobile handset with a camera which allows almost anyone to scan a QR code. However, what makes Ukheshe’s Scan to Pay so unique is ...

13Jul

By Africa BusinessNo Comments

Fintech

E-commerce fraud is fast becoming a crisis for merchants across the globe

Online merchants fight to address spiralling fraud and are looking to find new solutions - most still using expensive and unsustainable in-house solutions Businesses are budgeting more to grow their fraud teams and capabilities Concerned merchants are increasing fraud budgets and growing fraud teams Businesses worldwide are working hard to fight fast-growing e-commerce fraud, which is impacting their bottom line, according to new research from Ravelin. In the last year alone, e-commerce fraud has significantly increased, posing a greater problem to businesses. In particular, online payment fraud is up 59%, account takeover has grown by 51%, while promotion abuse is up 52%, refund abuse is up 53%, and customer fraud / friendly fraud is up 40%. To address the problem, merch...

Applications now open for Africa Fintech Summit’s 6th AlphaExpo Micro-Accelerator Cohort

5Jul

By Africa BusinessNo Comments

Events, Fintech, Zambia News

Applications now open for Africa Fintech Summit’s 6th AlphaExpo Micro-Accelerator Cohort

LUSAKA, ZAMBIA: The Africa Fintech Summit, the largest bi-annual fintech event in Africa, announces the application for its 6th AlphaExpo Micro-Accelerator cohort. The AlphaExpo is a program at the heart of the Africa Fintech Summit mission. This year the program will enable up to 15 African startups the opportunity to attend and exhibit at this November’s AFTS in Lusaka, Zambia on November 2-3, 2023 as a VIP delegate. Cohort participants will also take part in the AlphaExpo Pitch Competition on Friday, November 3rd, formally concluding this year’s AFTS festivities. Industry events are great ways for early-stage entrepreneurs to kick-start fundraising, partnership, and business development conversations in addition to amplifying their company’s profile to a global audience. Oftentimes,...

Everything you need to know about QR code payments

30Jun

By Africa BusinessNo Comments

Fintech, South Africa News

Everything you need to know about QR code payments

by Paul Selibas, Division President at Ukheshe If there’s one thing almost no one leaves home without, it’s their mobile phone. How many times have you forgotten your keys or worse still, your wallet, and been left stranded at the shops? Now you don’t need your purse or your wallet, or even a bank card to go to the store. All you need is your cell phone. The world of payments has come a long way since cheque books. From manual credit card imprinters to early credit and debit card terminals, we now have contactless, safe and secure payments via a scanning process between the customer’s mobile device or smartphone and a QR code at the vendor’s point of sale. Scan to Pay powered by Ukheshe is the largest QR ecosystem in South Africa and as such is tried and tested by millions of merchants...

29Jun

By Africa BusinessNo Comments

Fintech, Rwanda News

Kigali International Financial Centre (KIFC) aims to empower women through investment and financial inclusion

By Hortense Mudenge, Chief Operations Officer of Rwanda Finance Limited Last year, the World Economic Forum’s Global Gender Gap Index report ranked Rwanda as first in Africa and sixth in the world for gender parity. At 82%, Rwanda also has one of the highest female labour force participation rates globally, with women comprising 41% of professional and technical workers. Furthermore, Rwanda has the highest proportion of women in parliament globally, with women holding 61.3% of seats in the lower house of parliament as of 2022, and the most women in ministerial positions. Rwanda's financial sector has traditionally been male dominated but recent years have seen a shift, with more women taking on leadership roles. In the banking industry, six of the 15 CEOs or MDs are women, representing 4...