CR2, the global digital banking and payments platform has achieved “Technology Leadership” position in Quadrant’s report on Digital Banking Platforms 2024. The report offers an in-depth analysis of the global Digital Banking Platform market, including trends, competitive landscape and a SPARK Matrix ranking of top vendors to guide technology providers and banks in their strategic
Africa50 and Oikocredit lead equity investment in Ghanaian fintech Zeepay to support Africa expansion; The investment will support the expansion of Zeepay’s cross-border remittances and mobile financial services business across Africa and the Caribbean; The investment was made by Africa50, Oikocredit, Injaro Ghana Venture Capital Fund (IGVCF) and Verdant Capital Hybrid Fund, with a follow-on
South Africa’s financial sector faces an Anti-Money Laundering compliance crisis, with authorities cracking the whip on institutions that fail to meet their obligations to combat financial crime and the country’s continued presence on the Financial Action Task Force (FATF) grey list, adding to the cost of doing business. That’s according to Bradley Elliott, CEO at
Visa, a leader in digital payments, announced continued expansion of its global value-added services business with the addition of three new AI-powered risk and fraud prevention solutions. The new products, part of the end-to-end Visa Protect suite, are designed to reduce fraud across immediate account-to-account and card not present (CNP) payments, as well as transactions
By Mike Cook, Mukuru Head of Wallet and VAS; Lorraine Nyawo, Mukuru Head of Product Domain: Financial Services All around the world businesses are pulling out the stops to achieve growth in what can best be described as challenging economic conditions. Africa is no exception. The continent has long been recognised for its immense potential,
I&M Bank (Rwanda) Plc., the oldest bank in Rwanda and licensed by the Central Bank of Rwanda, and Network International, the leading enabler of digital commerce across the Middle East and Africa, have signed a strategic partnership to provide advanced digital payment solutions in support of the bank’s efforts to boost the country’s financial inclusion
In its continued drive for financial inclusion across Nigerian communities, Africa-focused fintech platform PalmPay has unveiled two cost-saving financial products – Unlimited Free Transfer and Target Savings – for users of its app. With the new financial products, users of the PalmPay app can now enjoy unlimited free transfers to all banks in the country
Standard Bank has provided an $11 million facility to fintech Float, which will facilitate the rollout of its card-linked instalment platform, supporting its accelerated growth plans over the next four years. Float is a new payment method that encourages responsible credit card usage and, at the same time, helps merchants to grow their sales. The
Financial inclusion remains a critical barrier across Africa. A considerable segment of the population remains alienated from basic banking services. Yet, the arrival of mobile payment technologies, like Halo Dot, promises to bridge this gap. Halo Dot’s innovative approach turns mobile devices into secure, encrypted payment terminals, allowing for instant card payments without the need
