Standard Bank continues to receive customer queries relating to potential fraud. The Bank’s fraud mitigation measures are robust and continue to protect and inform customers of any potential fraud on their accounts. Due to the nature of these incidents, Standard Bank issued a direct fraud notification to impacted customers on 2 July 2024. This contributed
Dashen Bank and EagleLion System Technology have signed a Strategic Alliance Agreement today at the bank’s headquarters. Asfaw Alemu, CEO of Dashen Bank, emphasized that this partnership is crucial for achieving the goals outlined in the bank’s five-year strategic plan. The agreement will enhance digital technology options, elevate customer service, and create advanced customer experiences.
Credit du Maroc and Mastercard have signed a strategic partnership agreement to bring new technologies to the market, contribute to advancing the bank’s digital transformation, and provide personalized solutions to its customers. Both banking giants state that this partnership aims to address the daily financial needs of Moroccans and reinforce the bank’s position as an
As the world of finance evolves into the digital age, businesses now have the luxury of choosing platforms that offer convenience and efficiency in managing their finances. Companies dealing with clients in other markets can opt for digital payment systems for cross-border transactions, which promote speed, safety and cost savings. Africa is experiencing an increase
Temenos today announced it has signed an agreement with Tech Mahindra, a leading global provider of technology consulting and digital solutions, for Tech Mahindra to provide a core banking offering on Temenos SaaS specifically designed for Electronic Money Institutions (EMIs) in the UK and Europe. By leveraging Temenos composable banking capabilities and Tech Mahindra services,
VezoPay has introduced Africa’s inaugural smart ring, heralding a new era in contactless payment solutions across the continent. Engineered for convenience and security, the VezoPay smart ring epitomizes innovation with its array of cutting-edge features. The VezoPay smart ring enables lightning-fast contactless payments in just 1 second, seamlessly connecting your hand to any terminal. It
The World Bank estimates that small businesses constitute 90 percent of all businesses worldwide. In sub-Saharan Africa alone there are 44 million small businesses, with small and medium-sized enterprises (SMEs) accounting for 60 percent of jobs. In South Africa there are approximately 3.2 million SMEs, which make them the backbone of the economy with a
Capital Banking Solutions and Myriad Connect are excited to announce a strategic partnership aimed at combining their technologies in an open innovation approach to strengthen digital services in Africa. This partnership enables the integration of the USSD service as a native channel in CapitalBanker MFI, a digital platform that is both scalable and innovative. Thanks
Payments infrastructure company Stitch to offer all available direct bank APIs as part of its Pay by bank solution, including Absa Pay, Capitec Pay and Nedbank Direct EFT Payments infrastructure company Stitch today announced that it will partner with Absa, one of South Africa’s leading banks, to make the newly launched Absa Pay available to
Paycorp, a global leader in payment solutions, continues shaping the future of payments across Southern Africa, Central and Eastern Europe, and the UK. With over two decades of experience, Paycorp stands as an acknowledged innovator, leveraging a collaborative and integrated ecosystem, blending expertise, reliability and agility in transaction processing, cash management solutions, value-added services like
