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30-10-2014 22:52:00 | by: Administrator | hits: 23991314 | Tags:

[Column] Richard Rattue: How technology has shaped financial services
16-04-2021 | 10:36:34
We can only expect technological capabilities to increase exponentially and for more competition to come onto the market via robo-advice offerings to more application-based options for younger investors.
Forter partners with Flutterwave to drive e-commerce growth across Africa
15-04-2021 | 13:18:59
The partnership, the first of its kind in Africa, will enable merchants to accurately identify legitimate buyers from fraudsters, resulting in increased transaction approvals and reduced friction in the purchasing experience.
African Fintechs collaborate to interlink mobile money and digital assets
15-04-2021 | 10:24:00
Seychelles-based Securities, Commodities and Derivatives Exchange (SECDEX), and KOINON, the global Digital Coin and Token-based payment platform have announced a collaboration to interlink mobile money and digital assets.
Telecel Group launches applications for Africa startups accelerator programme
14-04-2021 | 13:55:25
The Program helps startups achieve 18-24 months of growth in just three months. Now, the next generation of early-stage African tech startups disrupting a wide range of industry sectors are being sought.
[Nigeria] Fintech platform Appzone secures $10mn Series A funding
13-04-2021 | 10:39:00
Appzone, the Pan-African fintech software provider building proprietary solutions for the continent’s banking and payments industries, has today announced the close of its $10mn Series A round.
Nigerian fintech Appzone raises $10m for expansion and proprietary technology
12-04-2021 | 09:44:00
Appzone, the Pan-African fintech software provider building proprietary solutions for the continent’s banking and payments industries, has today announced the close of its $10mn Series A round.
[Nigeria] MTN reverts to its previous cost of sales structures with banking partners
12-04-2021 | 05:53:00
MTN has released a statement on the negotiations that derailed the suspension and restoration of digital banking services earlier this month.
[Africa Tech Review] Duncan Mochama: Africans are increasingly using eCommerce in response to COVID-19 restrictions
08-04-2021 | 12:20:30
Ten countries are responsible for 94% of all online business in Africa. South Africa, Egypt, Nigeria, Algeria, and Kenya together account for 78% of total marketplace traffic.
Dash raises $500k to simplify remittances, announces plans to launch in Kenya and Ghana
08-04-2021 | 09:39:40
Fintech startup Dash App has raised $500K+ pre-seed financing to expand its operations to Kenya and Ghana.
Verdant Capital raises $9.9 million financing for East African tech enabled MSME lender Tugende
07-04-2021 | 11:32:00
Pan African specialist investment financial institution Verdant Capital has raised $9.9 million Series A equity capital for Tugende, a technology enabled MSME lender in East Africa.
[Interview] Charlette N’Guessan, Co-founder, BACE Group, Ghana
07-04-2021 | 09:12:00
Ivorian based in Ghana, Charlette N’Guessan is a tech entrepreneur who collaborates with various organizations that strongly advocate for gender balance in the tech ecosystem.
[Nigeria] SeerBit partners with Wix to boost ecommerce in Africa
07-04-2021 | 05:22:40
Online payment processing platform SeerBit has announced it is partnering with Wix, a global SaaS platform to create, manage and grow an online presence, to empower and scale eCommerce businesses in Africa.
[Africa Tech Review] Duncan Mochama: Women key to Africa’s digital transformation
01-04-2021 | 14:27:54
Connecting women to the digital economy is critical to driving further economic growth and innovation on the African continent.
[Column] Andrew Torre: One Year On - Lockdown Learnings for a Post-Pandemic World
01-04-2021 | 06:07:51
In our industry, the pandemic has been a catalyst that has accelerated years of change in payments and commerce in just a few short months.
Accelerex fintech receives enhanced PSP licence from the Bank of Ghana
30-03-2021 | 11:10:38
Pan-African fintech company, Accelerex Ghana has been granted an enhanced Payment Service Provider (PSP) licence from the Bank of Ghana.
[Nigeria] Fintech Xerde rolls out new social funding app
29-03-2021 | 13:23:00
Lagos-based fintech company Xerde has announced the rollout of it’s new application, Tudo, an innovative funding solution for businesses.
ASIP Accelerator Program open for applications from disruptive startups in Africa
26-03-2021 | 07:30:22
To develop the potential of startups driving the internet economy, Telecel Group has opened applications for the ASIP Accelerator Program powered by Startupbootcamp AfriTech.
[Africa Tech Review] Duncan Mochama:The rapid uptake of 5G and its real potential in Africa
25-03-2021 | 14:11:00
5G network is here. This fifth generation of wireless technology promises more than just a faster network. It will help redefine the network, establishing a new global wireless standard for speed, throughput and bandwidth.
IFC, Egyptian Fintech Association partner to support fintech entrepreneurs
25-03-2021 | 05:53:00
IFC, a member of the World Bank Group, is joining forces with the Egyptian Fintech Association to support fintech entrepreneurs, part of a wider effort to spur private sector development and economic growth in the country.
[Interview] Esinam Yevu, Co-Founder, PayBox, Ghana
22-03-2021 | 09:15:00
Esinam Yevu is Co-Founder and Communications Lead at Ghanaian fintech startup, PayBox.
IFC, Orange Money partner to advance digital financial services in Madagascar
19-03-2021 | 06:49:00
IFC and Orange Money Madagascar signed an agreement to help the company accelerate the expansion of its mobile money services in Madagascar and increase financial inclusion in the country, particularly among women and those living in rural areas.
[Africa Tech Week] Duncan Mochama: Digital adoption in Africa supersedes other regions globally
18-03-2021 | 14:27:00
Africa has been described as the fastest-growing continents in the world. This growth, according to an article published on Forbes has been fueled by a young rapidly urbanizing population.
[Nigeria] Fintech startup Team Apt launches internship program to support women in tech
18-03-2021 | 08:53:00
The internship program is targeting female graduates especially in the technology space with an aim to fill the gender disparity gap within The Nigerian Tech ecosystem especially the Fintech space.
Flourish Ventures sets up shop in Kenya to support African Fintech startups
18-03-2021 | 06:33:55
Flourish Ventures, a global fintech venture capital firm, has announced a new office based in Nairobi to support fintech startups across Africa.
[Kenya] Chipper Cash and Atotos Sports partner to provide virtual training to local coaches
18-03-2021 | 05:59:45
Africa’s money transfer platform Chipper Cash has partnered with Atotos Sports to provide professional training for Kenyan Coaches from disadvantaged backgrounds within Nairobi.
Epos Now launches its cloud POS solution in Nigeria
16-03-2021 | 12:41:34
Epos Now, a global software and payments technology company, has launched its cloud point of sale (POS) solution in Nigeria, making its first entry into the African market.
[Africa Tech Review] Duncan Mochama: Digital Payments are key to financial inclusion in Africa
11-03-2021 | 14:00:00
Digital payments have become a very crucial service in Africa. Every day, millions of transactions are transacted across the continent leading to the rise of different payment technologies like Mpesa.
Lendable Passes $100 Million Investment Mark in Fintech Startups
11-03-2021 | 12:18:20
Lendable has today announced that it has invested over US$100 million in credit, to help fintech startups in emerging and frontier markets to scale.
IFC invests in Savannah Fund to support Africa’s tech startups funding growth
11-03-2021 | 11:08:00
IFC announced an investment in the Savannah Fund, a technology seed fund in Africa, to increase lending to startups across sub-Saharan Africa with a focus on supporting women entrepreneurs and disruptive companies in high-growth sectors.
Visa affirms commitment to Digitize Payments in Ethiopia
11-03-2021 | 11:06:00
Digital payments company Visa has affirmed its commitment to expanding digital payments in Ethiopia at its inaugural Ethiopian Visa Payments Forum.
IFC, IFC Financial Institutions Growth Fund invest in fintech Adumo to boost digital payment solutions in Africa
10-03-2021 | 06:40:00
IFC and the IFC Financial Institutions Growth Fund are helping increase access to digital payment solutions for small and medium-sized businesses in several countries in Africa through an investment in South Africa-based fintech group Adumo.
[South Africa] Fintech startup Ukheshe confirms Middle East, Europe and Asia Pacific expansion
08-03-2021 | 06:39:27
South African fintech startup Ukheshe Technologies has confirmed it is expanding its operations to the Middle East, Europe and the Asia Pacific.
Mastercard issues $600m Sustainability Bond
05-03-2021 | 06:42:00
Mastercard announced it has successfully priced a $600 million Sustainability Bond at a fixed rate of 1.90%. This milestone further supports the company’s work to build an inclusive and sustainable digital economy.
[Africa Tech Review] Duncan Mochama: Investment in African startups is now stronger than ever
04-03-2021 | 12:57:00
Despite the global economic slowdown caused by COVID-19, the case for investing in African startups is stronger than ever with new opportunities being announced every day.
[Column] Francis Wainaina: Digital 2021 - What we can learn from Kenya’s top tech companies
04-03-2021 | 08:46:00
Looking at some Kenyan companies that have established a firm footing in both emerging and international markets through realising their digital ambitions, here’s what I think we can learn from their successes.
Visa announces 2021 edition of its Everywhere Initiative to support fintech startups
04-03-2021 | 05:49:00
Visa has announced the 2021 edition of the Everywhere Initiative – a global innovation program and competition for fintech startups.
AfDB provides $320,535 in grant funding to mainstream gender in ECOWAS’ digital financial operations
03-03-2021 | 06:43:00
The African Development Bank (AfDB) has awarded a grant of $320, 535 to the West African Monetary Agency to mainstream gender in ECOWAS’ core digital financial services (DFS) regulatory frameworks.
[Mauritius] SouthBridge Investments, New African Capital Partners launch new joint venture, SBNA
02-03-2021 | 14:12:00
SouthBridge Investments (SBI) and New African Capital Partners (NACP), announced the launch of their joint venture, SBNA.
African fintech start-up ImaliPay raises pre-seed funding to service gig workers' financial needs
02-03-2021 | 05:12:00
ImaliPay, an African-based fintech start-up is making waves by reshaping the future of work in the gig economy.
Union Bank of Nigeria to support startups through UnionX Innovation Challenge
26-02-2021 | 14:01:00
Union Bank, one of Nigeria’s foremost financial institutions, has unveiled the 2021 UnionX Innovation Challenge, as part of efforts to support young startups and boost innovation in the startup ecosystem.
[Africa Tech Review] Duncan Mochama: Fintech is driving and reshaping the financial sector in Africa
25-02-2021 | 12:07:02
As a key driver of growth in the region, fintech has become a viable alternative to traditional banking in both urban and rural areas.
South African TymeBank secures $110m investment from Apis Growth Fund II
25-02-2021 | 06:12:00
South African digital bank TymeBank, secured an investment amounting to $110 million from Apis Growth Fund II, attracting new investors from the UK and Philippines.
[Egypt] DFS Lab Announces Fintech and Digital Economy Design Sprint for startups
25-02-2021 | 04:29:42
Early-stage investor DFS Lab has announced that it will facilitate a virtual design sprint in March 2021 for fintech startups in Egypt.
[Interview] Donaldson Sackey, CEO, Timeless Capital Technology, Togo
24-02-2021 | 06:30:00
Donaldson Sackey, a Togolese international footballer, entrepreneur, stylist, and architect recently launched his cryptocurrency.
[Africa Cloud Review] Simon Ngunjiri Muraya: Africa’s cloud adoption is accelerating with purpose
22-02-2021 | 13:10:00
Organisations across sub-Saharan Africa are increasingly leveraging multiple cloud deployments to achieve digital transformation.
[Kenya] HF partners Interswitch to launch international money transfer service
22-02-2021 | 07:19:00
HF Group announced its partnership with Interswitch Group, a digital payments and commerce company, to expand its digital banking services to include International Money Transfer (IMT).
[Africa Tech Review] Duncan Mochama: There’s a growing demand for data centres in Africa
18-02-2021 | 13:38:00
This week, a new report from The African Data Centres Association (ADCA) and Xalam Analytics revealed that Africa needs 1000MW and 700 facilities to meet the growing demand
[Column] Fikile Sibiya: Resilience and continuity - Guiding the CIO strategy in 2021
18-02-2021 | 06:40:25
CIOs are likely to face a tough, albeit slightly more predicable 2021. Fikile Sibiya, CIO of e4 shares her view on the current state of play and what a roadmap for 2021 might entail.
HPS strengthens its processing activities in Africa with acquisition of ICPS in Mauritius
18-02-2021 | 06:37:17
HPS and the Mauritius Commercial Bank (MCB) signed a definitive acquisition agreement whereby HPS will acquire all outstanding shares from MCB.
Women less likely to use mobile apps to conduct financial transactions, Caribou Digital study
11-02-2021 | 07:50:00
Women are not using mobile apps to conduct financial transactions. This is according to a new study conducted by Caribou Digital with support from the Bill & Melinda Gates Foundation.
BPC extends APAC, EMEA partnership with Visa Fintech Fast-Track Program
08-02-2021 | 15:11:00
BPC Banking Technologies announced it has extended its membership with Visa’s Fintech Fast Track Program to Asia - Pacific (APAC), and Europe, the Middle East and Africa (EMEA) regions.
[Kenya] Fintech startup Popote Payments raises funding from GreenHouse Capital
08-02-2021 | 09:48:32
Kenyan fintech startup Popote Payments has raised an undisclosed amount of funding from Lagos-based fintech investment company GreenHouse Capital.
BPC Banking Technologies appoints Frank Molla MD for Sub-Saharan Africa
08-02-2021 | 05:31:46
BPC Banking Technologies has appointed Frank Molla as its Managing Director for Sub-Saharan Africa. Frank is a former Director of Business Development East Africa for Growth Markets at MasterCard.
Mastercard, Oracle team up to speed social and economic assistance
05-02-2021 | 04:48:00
Mastercard and Oracle have team up to speed social and economic assistance, helping government and non-profit organizations to quickly deploy emergency aid through fast or near-real time payment methods.
[South Africa] Fintech startup Ukheshe names Prins Mhlanga non-executive director.
04-02-2021 | 05:16:35
South Africa fintech startup Ukheshe has announced the appointment of Prins Mhlanga, CEO of Ocean on 76 Group, as a non-executive director.
Arab African International Bank supports Egypt’s drive towards cashless economy
03-02-2021 | 11:11:00
In support of the Central Bank of Egypt’s accelerated drive towards a cashless economy, the Arab African International Bank (AAIB), announced it will offer Egyptian merchants the state-of-the-art N-Genius™ acceptance platform.
Nigeria’s Sparkle signs with Network International for virtual and physical payment cards
03-02-2021 | 10:55:00
Sparkle, a mobile-first digital ecosystem providing financial, lifestyle and business support services to Nigerians across the globe, has partnered with Network International to power its recently launched payment card offering.
Bloc Smart Africa Impact Fund launches with governments of Luxembourg and Cote d’Ivoire as anchor sponsors
03-02-2021 | 09:01:00
BLOC Smart Africa, a Flagship program of the Smart Africa Alliance, a pan-African initiative to accelerate sustainable socioeconomic development, announced its incorporation and sponsorship from the Governments of Luxembourg and Cote d’Ivoire.
Ukheshe and KCB Bank in Deal to Boost East African Payment Services
01-02-2021 | 08:09:00
South Africa's fintech startup Ukheshe has entered into a new Bank Identification Number (BIN) deal with Kenya-based lender KCB Bank Kenya.
Former Mastercard President launches Global PayTech Ventures
29-01-2021 | 10:36:09
The former President of Mastercard Europe, Javier Perez, announced the launch of Global PayTech Ventures (GPT), the first venture capital firm focused exclusively on ground-breaking payment technology.
Mediterrania Capital Partners exits Morocco's Cash Plus
28-01-2021 | 07:35:26
Mediterrania Capital Partners announced the sale of its remaining stake in Cash Plus, the largest independent money transfer company in Morocco.
South Africa fintech Spot Money launches open banking platform
28-01-2021 | 07:24:20
In a positive move for the South African fintech landscape, Spot Money has launched the country’s first Open Banking offering.
Kenya-based Software Group partners with BRAC Uganda Bank to unveil agency banking digital platform
26-01-2021 | 07:00:00
Software Group, a global software company with its regional head office in Nairobi, has won a new contract for its latest Agency Banking platform with BRAC Uganda Bank Ltd, a prominent financial institution in Uganda.
Mastercard evolves contactless technology for quantum world
26-01-2021 | 06:00:00
Mastercard announced it is applying the latest quantum-resistant technologies to develop the next generation of contactless payments.
VC-backed free money transfer service Taptap Send launches in Kenya
25-01-2021 | 08:23:00
Taptap Send's app-based solution which is also live Ghana, Madagascar, Senegal, Mali, Zambia, Guinea, Ivory Coast. Cameroon and Bangladesh allow users to send money at no fee.
Global fintech company Wari partners with Lycaremit to facilitate cross-border remittance
21-01-2021 | 11:37:00
Wari, a global platform offering digital financial services, and Lycaremit, a world player in remittance and part of the multinational Lyca Group, have signed a strategic partnership that will strengthen and expand their global networks to provide access to money transfer services worldwide.
TransUnion partners with South Africa's fintech startup Fincheck to improve access to finance for consumers
20-01-2021 | 07:49:00
Global information and insights company, TransUnion, has partnered with South Africa’s financial marketplace, Fincheck, to make credit application process easier and less frustrating for consumers.
[Kenya] Gituku Kirika appointed CEO of Integrated Payment Services Limited
15-01-2021 | 13:49:46
Integrated Payment Services Limited (IPSL), the subsidiary of Kenya Bankers Association (KBA) that operates the banking industry's instant payment service PesaLink, has announced the appointment of Gituku Kirika as Chief Executive Officer.
[Column] Gerhard Hartman: Artificial Intelligence is the future of finance
15-01-2021 | 13:34:00
The role of the chief financial officer (CFO) has expanded beyond the traditional gatekeeper to financial resources, chief accounting officer and head recordkeeper.
Ovamba and Singularity Finance launch TradeTech partnership in Egypt
08-01-2021 | 05:06:33
TradeTech innovator, Ovamba Solutions and financial services provider, Singularity Finance have partnered to deliver financial inclusion and growth capital to small and growing businesses in Egypt.
[Egypt] Fintech startup Cassbana raises $1m pre-seed funding from Disruptech Ventures
07-01-2021 | 14:15:24
Egypt-based fintech startup Cassbana has raised $1 million in a pre-seed funding round led by Egyptian fintech-focused venture capitalist fund Disruptech Ventures.
[Startup Interview] Ted Martynov, Founder and CEO, CARMA, Nigeria
07-01-2021 | 06:14:00
CARMA is an African-based startup that offers proprietary decentralized technology allowing lenders to get more value by accessing data on a real-time basis.
[South Africa] Closing the digital divide reaches urgent levels as Covid-19 leaves devastation in its wake
04-01-2021 | 06:06:07
According to Clayton Hayward, CEO and co-founder of Ukheshe, South Africa remains highly regulated with licensed banks being the only institutions that can offer e-money services.
GOODsoil VC invests $940 000 in Ghanaian fintech company Zeepay
21-12-2020 | 09:24:00
GOODsoil VC, an Africa-focused early stage venture capital firm headed by a diverse team of entrepreneurial investors, makes true on its mission to drive financial inclusion across the continent with an injection of $940 000 seed capital in Ghanaian fintech company Zeepay.
FSD Africa Investments commits $4.5m to support MSMEs in sub-Saharan Africa
18-12-2020 | 09:40:00
FSD Africa Investments (FSDAi), the investment arm of FSD Africa, announced a $4.5 million commitment to Funds set up by Lendable, to boost the capacity of alternative financial service providers in sub-Saharan Africa .
Co-operative Bank of Kenya and Thunes unveil a global money transfer solution
17-12-2020 | 05:06:00
Co-operative Bank of Kenya has partnered with Thunes, a cross-border payment provider, to launch an alternative global money transfer solution: Co-opRemit©.
HexGn, AFRIEF launch startup program to accelerate African youth careers
15-12-2020 | 07:03:00
HexGn, a consulting firm known for fast-tracking entrepreneurship and upcoming technologies globally, has joined hands with the Africa Islamic Economic Foundation (AFRIEF), to launch its flagship startup program, HexGn Startup Explore, in Africa.
[South Africa] Convergence Partners acquires additional $5m interest in Channel VAS
10-12-2020 | 07:49:00
ICT investment firm Convergence Partners announced it has acquired an additional $5 million interest in Channel VAS (CVAS), a fintech provider of mobile financial services across sub-Saharan Africa and beyond.
Rapid shift to digital banking accelerating erosion in consumer trust, Accenture report
09-12-2020 | 13:04:00
The replacement of in-person branch interactions with impersonal digital transactions through online and mobile channels during the COVID-19 pandemic has accelerated the ongoing erosion of consumer trust in banks.
MFS Africa teams up with Xoom to bring new international mobile money transfers to Africa
09-12-2020 | 12:42:00
Pan-African fintech platform MFS Africa has partnered with Xoom, a PayPal service, to offer secure and convenient mobile money transfers to seven countries across Africa.
Ericsson, TMCEL partner to bolster financial inclusion for Mozambique customers
08-12-2020 | 08:52:00
TMCEL customers in Mozambique are to benefit from the financial empowerment of Ericsson’s mobile money solutions under a new five-year deal to expand and modernize its network and digital services ecosystem.
[Nigeria] Fintech startup CredPal raises $1.5million funding round
07-12-2020 | 06:11:25
Nigerian consumer credit startup CredPal has raised a $1.5million funding round. The funding came as the startup prepares to launch its credit cards.
Telkom South Africa launches WhatsApp digital payment service for any network users
04-12-2020 | 07:13:00
Telkom South Africa launched Telkom Pay, a digital wallet service that runs through WhatsApp, and customers of any mobile networks can use Telkom Pay without having to subscribe to Telkom.
[Column] Nikolai Stankau: Financial services brands foster a community spirit to drive innovation
02-12-2020 | 12:19:00
Like most large enterprises today, banks and other financial services companies are striving to become technology businesses.
[Column] Patrick Ndegwa: Celebrating startups and digital businesses that are uplifting African communities
30-11-2020 | 14:16:00
The positive, far-reaching impact the digital economy has had on various industries has also translated into benefitting and changing the lives of individuals, families, and communities across our continent