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CBK Grants Authority to Société Générale of France to Open Representative Office in Kenya.

The Central Bank of Kenya (CBK) announces the granting of authority to Société Générale (SG) of France to open a Representative Office in Kenya. The authority was granted pursuant to Read More →

TerraPay to Launch Cross-Border Money Transfers in South Africa

TerraPay, the world’s first mobile payments switch, announced today that it has successfully obtained regulatory approval from South African Reserve Bank to launch Cross-border money transfer services in South Africa. Read More →

SA Tech Startup SnapnSave Attracts R14m in Investment

Kalon Venture Partners, formerly Grotech, and Smollan Group SA both acquired a minority stake in South Africa’s fastest growing shopping community, SnapnSave. Kalon, a venture capital fund and Smollan Group, Read More →

Smarter Financial Crimes Demand Stronger Banking Security

The financial services industry is under increased threat from cybercriminals who use ingenious methods to attack institutions and consumers. Cybercriminals are employing ever more sophisticated means to intercept online transactions and Read More →

AfDB Signs Agreement Establishing Southern Africa Regional Development and Business Delivery Office

African Development Bank President Akinwumi Adesina and South African Minister of Finance, Malusi Gigaba, signed a Host Country Agreement on Friday, August 18, establishing the Bank’s Southern African Regional Development Read More →

Mobile Money Platform Alipay Enters South Africa

Chinese tourists in South Africa will have more opportunities to pay via smartphone as Alipay, the world’s largest online and mobile payment platform, operated by Ant Financial Services Group (“Ant Read More →

SWIFT’s Messaging Traffic Grows by 20.1% in East Africa

Data from SWIFT shows that FIN traffic growth in East Africa has outperformed the total growth of SWIFT globally. In the year to date, total message traffic volumes grew by Read More →

Ghana: Mobile Money Fraud on the Rise

Corporate Executive of MTN Ghana, Mrs. Cynthia Lumor, has warned customers and subscribers of the mobile money service against sharing their pin numbers with vendors or agents. According to her, no Read More →

UBA Introduces First Mastercard Debit Card in Zambia

United Bank for Africa Zambia (UBA) announced the launch of the first Mastercard debit card in Zambia to financially empower its citizens. Focused on displacing cash, the electronic payment solution Read More →

Direct Pay Online Gains Security Certification in 12 Countries Across Africa

Direct Pay Online Group (DPO) is the first payment service provider (PSP) in Africa to receive the Payment Card Industry Data Security Standard (PCI DSS) Level 1 certification in 12 Read More →
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