South Africa is in the middle of one of the most tyring times in the country’s history. Unemployment was on the rise which will only worsen in the aftermath of the current situation. In addition, tensions are boiling over turning into violent acts and destruction which are currently disrupting society. This includes bank ATM’s and […]
Category Archives: Fintech
Fintech Africa
A survey by Statista found that around 32 percent of people in Nigeria use cryptocurrencies and this is the highest proportion of a population in the world. In terms of trade volume, the country stands in 3rd position after the United States of American and Russia with a transaction value of more than 400 million […]
Connected Asset Financing Platform Commercially Launching After 20,000 Device Pilot 12th July 2021. Lagos, Nigeria. M-KOPA, the leading connected asset financing platform, today announces it has officially expanded to Nigeria. To lead the Nigeria team, M-KOPA has named Babajide Duroshola as the new General Manager. A part of the tech company’s broader expansion strategy, the […]
Fintech
Bushra Mahdi appointed as the Brand Ambassador for Tetra Pay International in the GCC and MENA region
Bushra Mahdi is appointed as the brand ambassador for Tetra Pay International INC for the countries in the GCC and the MENA alliance of nations. Leading Instagram influencer, Bushra has over 299 thousand followers on her Instagram page making her a youth icon. She is also the founder of Red Films, owing to her passion […]
Fintech
89% of GCC consumers will opt for digital banking services over visiting a physical branch post Covid-19
77% of respondents in the GCC access digital banking services at least once a week 44% are willing to switch to a different bank due to poor customer relations 31% perceive their bank’s current offering of access to online banking services as weak Consumer appetite for digital banking services continues to grow in the countries […]
VerPay enables verbal commerce as businesses adapt to serve their customers in contactless ways As South Africa enters its third wave and lockdown restrictions tighten, certain businesses – such as those in hospitality – once again find themselves having to temporarily close their doors, while seeking alternative avenues to generate income, such as take-aways. “The […]
The bitcoin market has been on a downward trend over the last month. Bitcoin has dropped almost 50% from its all-time high of 46 lakhs in three months. The drop has divided investors into two camps: those who are rushing to sell to avoid losses, and those who are holding their investment with optimism for […]
Business Email Compromise (BEC) and cyber attacks are on the increase worldwide. Conveyancing firms, their clients, and other organisations effecting many large non-recurring type transactions are particularly vulnerable to BEC fraud. Ryan Mer, Managing Director, eftsure Africa, a Know Your Payee™ (KYP) platform provider says gaps in organisations’ payment systems not only pose massive financial and reputational […]
Telecel Group Africa Startup Initiative Program (ASIP), with Africa’s top early-stage tech Accelerator, Startupbootcamp Afritech, has selected the 10 tech startups that will participate in the inaugural ASIP Accelerator. The program received a record 2229 applications and managed to narrow it down to the Top 10, with the help of investors, corporate stakeholders, and industry […]
Gone are the days when the financial institutions’ (FI) only assets considered to be the gold, cash and other valuables in its vaults. With data widely acknowledged as the new gold, ensuring that only legitimate people get access into the FI’s premises and digital databases is more important than ever By: Nicolas Garcia, VP MEA, […]
It is a common belief that financial access should lead to financial prosperity. According to the World Bank, financial inclusion is defined as all people and businesses having access to useful and affordable financial products and services that meet their needs. Sakhile Mabena, CEO, Ofin, a venture-backed fintech startup specialising in Behavioural Data Analytics, Financial Process […]
As the second half of 2021 approaches and Covid-19 vaccinations roll out across the globe, albeit at varying rates, Ian Lessem, Managing Partner at HAVAÍC, investors in early-stage, high-growth technology businesses, considers the trends making an impact on the African Venture Capital (VC) landscape. Homegrown solutions take on the world At HAVAÍC, our investment thesis is […]
The call for applications is open to any startup based in Mauritania, Morocco, Algeria, Tunisia or Libya that has been operating for over 18 months in one of the following areas: e-health, climate, mobility, agritech, social economy and financial inclusion. As a result of the work done during the preparatory forums for the Summit of […]
With the African Continental Free Trade Agreement set to generate combined consumer and business spending of $6.7 trillion by 2030[i], the continent requires payment platforms to cater for this growth. To this end, Pay@ – a leading South African payment aggregator and provider of secure payment solutions – will be expanding into several African countries and providing […]
Millions of unbanked and financially excluded residents in DRC to gain access to formal financial and digital services Mastercard’s technology to enable development of diverse digital payment solutions Partnership is aligned with DRC’s National Digital Plan (NDP) Mastercard has partnered with Billetera – a digital payments technology company headquartered in Kenya – to provide millions […]
Leading Customer Experience Platform for Africa to Integrate Intelligent Messaging and Payments Platform Across its Product Suite Ajua, the integrated Customer Experience Management solution for businesses in Africa, has acquired WayaWaya, the Kenya-based Artificial Intelligence [AI] and Machine Learning [ML] known for its innovative Janja platform, that enables borderless banking and payments across apps and […]
Creating loyal customers that purchase your products and services for life is the dream. Increasing customer lifetime value creates stability for your business and allows you to innovate new products and services that keep finance customers returning to your brand again and again. To end the feast and famine cycle, companies need to increase customer […]
Transition will reduce CO2 emissions by 161 tonnes a year, and save 73 tonnes of plastic per year HSBC is announcing a new programme to introduce sustainable payment cards across all its global locations. By the end of 2026 it will eliminate single-use PVC plastic, in favour of recycled PVC plastic (rPVC). The programme – which […]
Fintech, Kenya News
Affordable digital banking to revolutionise price-sensitive East African payments market
In a region still dominated by cash and mobile money options, like M-Pesa, new collaborations between fintechs are looking to capture the price-sensitive market with innovative, open-loop digital payment solutions in East Africa. According to Mark Dankworth, President International, Ukheshe Technologies, the region is poised for a surge in digital banking growth, with the likes of […]
Country’s first prepaid and contactless travel card will enable Ethiopians to travel with USD or EUR currencies Zemen Bank has announced a partnership with Mastercard that will see the introduction of the first ever Mastercard branded prepaid contactless travel card in Ethiopia. Zemen Mastercard prepaid travel cards will enable cardholders to use cards with […]
Bitcoin investors should be braced for – but not put off by – “much greater government scrutiny,” warns the boss of one of the world’s largest independent financial advisory and fintech organizations. The warning from Nigel Green, CEO and founder of deVere Group, comes on the day Coinbase, the biggest cryptocurrency platform in the U.S., […]
It is predicted that there will be 7,5 billion Internet users by 2030 and that more than 111 billion lines of new software code is produced each year. While the growth is exciting, these statistics also outline the number of vulnerabilities open to exploitation. Together with an estimated 96 zettabytes of digital content currently produced, this […]