FinTech Archives - Page 2 of 10 - AfricaBusiness.com

23Jan

By Africa BusinessNo Comments

Fintech, South Africa News

Top Payment Trends for 2024

Consumers will increasingly be demanding choices when it comes to payment options into 2024, with security being high on the agenda and offerings that will be keenly watched as potential growth engines. Rory Bosman, Executive for Sales & Marketing at Ecentric Payment Systems adds that shoppers also want value from retailers, physical or online, when it comes to deciding where to spend their hard-earned money, especially in this difficult socio-economic environment. As payment systems continue to develop, often building on offerings already in the market, Bosman details nine key trends he sees as dominating 2024. Buy now, pay later There will be a continued growth in offerings that allow consumers to purchase goods on interest free credit, paying the item off in tranches of, for e...

18Dec

By Africa BusinessNo Comments

Fintech, South Africa News, Startups

Unleashing Africa’s potential: A vision for innovation and entrepreneurship

SA Innovation Summit CEO Buntu Majaja looks back at this year’s successes and quantifies next year’s opportunities. - SAIS2023 brought together 2,600 innovators from 26 countries - The investment capital in attendance equalled around R30 mbillion - Startups are pivoting to or building on AI In the dynamic world of technology and entrepreneurship, the courage and determination of startup founders is invigorating. As the CEO of the SA Innovation Summit, witnessing these entrepreneurs, often unsure of their own capabilities until the moment of truth, fuels a passion for the role and a deep sense of responsibility as an enabler for the industry. It’s believed that everyone possesses an innate desire to contribute positively to the world, and it is this entrepreneuria...

Tough economic headwinds provide exciting opportunities for agile, customer-centric fintechs

6Dec

By Africa BusinessNo Comments

Fintech, South Africa News

Tough economic headwinds provide exciting opportunities for agile, customer-centric fintechs

By Andy Jury, CEO at Mukuru At this time of the year there is usually a flurry of articles attempting to lay out trends to look out for in various industries over the coming months. This is a good exercise as it gets one thinking about industries broadly and technology specifically. However, it would be remiss to embark on this exercise without first taking stock of where we are now. The fintech ecosystem is currently in a period of stress, less so for incumbents but noticeably for newcomers. This stress is a direct result of macroeconomic pressures piling up to generate headwinds for new market entrants. As we all know, when the macro picture is less than rosy it affects play out on the ground. In summary, there is less money floating around – less money from investors and most notably,...

9th Edition Connected Banking Summit – West Africa Innovation & Excellences Awards 2024

28Nov

By Africa BusinessNo Comments

Fintech, Ghana News

9th Edition Connected Banking Summit – West Africa Innovation & Excellences Awards 2024

Innovations Powering Digital Inclusion and Sustainable Transformation Accra, Ghana Get ready to mark your calendars as the 9th Edition of the Connected Banking Summit- West Africa is set to take Accra, Ghana on February 21st, 2024. This highly anticipated summit promises two days of unprecedented insights, discussions, and networking opportunities, bringing together global executives, industry experts, and visionary leaders from the BFSI sector. The Connected Banking Summit has garnered a reputation for championing forward-thinking banking models, with a focus on accelerating digital transformation, ensuring impeccable customer experiences, upholding regulatory compliance, and maintaining the highest standards of privacy and security. The summit will also feature the prestigious Innovati...

23Nov

By Africa BusinessNo Comments

Fintech

Xion Global bridges the gap between blockchain and traditional financial systems with G+D’s Filia solution

Xion Global uses technology from Giesecke+Devrient (G+D) for an innovative holistic financial solution. By combining it’s web3 multi-chain payments infrastructure and G+D's CBDC solution Filia for interbank deposit token transfer, Xion is creating a seamless financial ecosystem for digital asses as well as public currencies. Xion will provide customized solutions for the Asia Pacific (APAC) and Europe, Middle East and Africa (EMEA) regions. The Proof of Concept (POC) of Xion serves as a cornerstone for the new financial architecture. Leveraging the infrastructures of both companies, this solution enables instant transactions across a variety of blockchain networks and traditional financial channels. Designed for seamless integration with existing financial platforms, the solution offers s...

27Aug

By Africa BusinessNo Comments

Rwanda News

Empowering women through investment and financial inclusion

By Hortense Mudenge, Chief Strategy 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 (World Bank, Gender Data Portal, 2022). 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. However, as yet in 2023, no country in the world has achieved full gender parity. In July, Rwanda had the honour of hosting the Women Deliver Conference 2023 and welcoming 6000 deleg...

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...

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,...

AWS announces the 25 startups selected for its first ‘fintech in Africa’ accelerator

25May

By Africa BusinessNo Comments

Fintech, Kenya News, Startups

AWS announces the 25 startups selected for its first ‘fintech in Africa’ accelerator

Cohort participants from Kenya, Nigeria , South Africa, Egypt, Ghana, Uganda, and Cameroon 25 African fintech startups have been selected for the inaugural Amazon Web Services (AWS) FinTech Africa Accelerator cohort. This cohort was selected from over 500 applications and is part of the EMEA Startup Loft Accelerator (SLA) program run by AWS. The pre-seed and seed stage fintech startups will start the 10-week program in June. Each startup will get technical review workshop sessions and up to $25K USD in AWS technical credits, world leading sector advice and one-to-one mentorship from major industry players including the Africa Fintech Summit (AFTS), Lendsqr and Vestbee to help them build their businesses. Africa’s fintech ecosystem is one of the fastest growing globally reaching $2B US...