By Dean Baker, Squad Lead, BFSI from Infobip South African banks have weathered rough seas during the past year, with many of their customers coming under severe pressure from a stagnant economy, rising cost of living and high interest rates. Despite these storms, the financial services industry is still delivering good profits and growth, but
Interswitch, one of Africa’s leading integrated payments and digital commerce companies and eMaisha Pay have announced a partnership which will digitize payments in Uganda’s agriculture sector to address several challenges encountered by farmers as well as businesses throughout the value chain. To tackle issues such as limited access to credit, absence of appropriate saving tools,
Mastercard and Onafriq (previously MFS Africa), a pan-African payments company, have collaborated to bring secure, cost-effective, and innovative payment options to consumers, as well as small and medium enterprises (SME) across the continent. Africa’s mobile money sector is one of the most established and fastest-growing fintech industries in the world. According to The State of
Comviva, the global leader in customer experience and data monetization solutions, today announced the launch of its transformative Low-Code/No-Code Platform. Comviva’s Low-Code/No-Code composable platform is an extension of its existing mobiquity® platform and shall enable Financial Institutions, including Banks, FinTechs, and Digital Wallet providers to revolutionize the development landscape. The new platform will help Financial
HPS, the leading global provider of payment solutions and services, has launched a new eBook, in partnership with OMDIA, on the unique opportunity presented by cloud-based payment platforms for financial institutions and merchants across the world. The eBook, Seamless Evolution: Transforming Financial Institutions with Cloud-Powered Digital-First Strategies for Enhanced Customer Experiences, canvasses the views of
Large financial institutions with outdated payment platforms face many challenges. Compelling reasons to leave legacy systems behind include the need for cross-border capabilities, better customer experiences, consolidation of different businesses, managing multiple platforms, and anticipating rapid growth. Nevertheless, many organizations in the payments industry choose every year to take the leap and migrate to a
Absa Bank Kenya, in collaboration with Visa, a world leader in digital payments, has introduced the Visa Commercial Choice Programme, a new Corporate Card solution targeting members affiliated with the Kenya Association of Travel Agents (KATA), allowing them the benefits of automation, flexibility and better cash flow management. Under this partnership, travel agents under KATA
The modern landscape is continually and rapidly evolving, with innovation becoming an indispensable component of growth and adaptation. A recent Harvard Business School online article highlighted the importance of innovation in business as a critical driver of success. Besides success, considering the rapid – almost daily, it seems – advancements in technology such as AI,
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
