PayPal Archives - AfricaBusiness.com

29Nov

By Giorgi MikhelidzeNo Comments

Fintech, Forex

Should PayPal be concerned about your country’s central bank?

Most governments may have no option but to join the digital currency bandwagon. With the introduction of digital currencies from central banks, the world of money is poised to enter a new era. Is it going to be a paradise of financial inclusiveness or a dystopia of financial instability? What if the project turns out to be a complete failure, unable to compete even with established private networks like PayPal Holdings Inc? These are all conceivable scenarios. As a result of advances in technology, monetary authorities are now able to provide a new kind of electronic currency to the general public. A smartphone wallet linked to a conventional bank account will hold the buying power, which can be transferred in and out as needed. Instead of being a private asset, a person's cash in the ban...

Afrikrea Launches ANKA to Power Global African E-Commerce

Ivorian company partners with DHL and Visa and builds SaaS Platform for omnichannel global selling for African micro retailers Afrikrea, the e-commerce platform for “all things made of Africa”, is launching ANKA - an all-in one SaaS solution to provide a seamless ecommerce, payments and global shipping online service for thousands of micro retailers and businesses on the continent and around the world, as it continues to power e-commerce for Africa. Launched to coincide with Afrikrea’s fifth anniversary of operations, ANKA (meaning “Ours” in Bambara and Djoula) allows merchants to easily: Sell via a customised online storefront (like Shopify), social media platforms or by links such as on Gumroad and also the Afrikrea marketplace. This is carried out via an omnichannel dashboard with ...

Transformation in Africa’s digital retail landscape

Undeniably, digital transformation continues to dramatically change the way we live and do business – almost daily it seems. Globally, the retail industry is one of the top industries in which we are seeing massive strides and changes when it comes to the adoption of technology, the evolving customer journey, and innovation in terms of products and services. Africa's retail landscape is no exception. On the face of it markets in Africa are outperforming some first world countries in their pace of transformation to meet the needs of the rising digitally-savvy customer population – a consumer base which is now generally better informed, and demanding a more personalised, convenient, on demand service. The retail journey is no longer about merely walking into a store and grabbing something ...