First Capital Bank Limited Releases June 2023 Interim Results Profiling Sustainable Growth in its Operations

Posted on by Staff Reporter | 14109 Views | 11 min read

First Capital Bank, a subsidiary of FMBcapital Holdings Plc (FMBCH), has released their 2023 interim results which reflect sustainable growth within their business operations. The Bank’s performance shows their agility, in the face of a challenging macroeconomic environment, supported by a sustainable banking model that continues to create shareholder value. The Bank posted an adjusted

SA’s Payments Gold Mine: The Alchemy of Data Into Growth

Posted on by Staff Reporter | 93083 Views | 23 min read

The African payments industry, by furnishing diverse, robust and user-friendly platforms, is catalysing entrepreneurship and financial independence, while also enhancing income for entrepreneurs. Over the past five years, mobile payments have seen tremendous growth in South Africa. As of 2023, the South African mobile payments market is estimated to be worth $25 billion, with a

Scan to Pay Vouchers: a New Way to Reward Loyalty

Posted on by Staff Reporter | 25026 Views | 12 min read

With the holiday season fast approaching, many businesses are working on gift lists and incentives to thank employees and reward loyal clients. And while the reliable (if somewhat boring) box of chocolates is still appreciated by some, what better way to thank someone than to let them choose their own perfect gift? That’s just one

Easily Pay for Groceries at all Pick n Pay Tills Using Bitcoin

Posted on by Staff Reporter | 9611 Views | 8 min read

South Africans who have a Luno wallet will be able to pay at Pick n Pay with crypto in one easy step by simply scanning a QR code. Crypto payments have been available at over 1 500 Pick n Pay stores since February 2023. But the payment process required customers to download two apps to

Safaricom Inks Deal with a Consortium of Kenyan Banks to Fund Sustainability Agenda

Posted on by Staff Reporter | 23312 Views | 10 min read

Safaricom has announced the closure of a multi-billion Sustainability Linked Loan (SLL) to strengthen its Environmental, Social and Governance (ESG) agenda. The KES 15 billion deal, which is upscalable to KES 20 billion by accordion, is the largest ESG linked loan facility ever undertaken in East Africa, and the first of its kind for Safaricom

FutureBank and IDVerse Partner to Fight Cybercrime

Posted on by Staff Reporter | 13402 Views | 11 min read

The customisable and compliant embedded finance platform, FutureBank, has partnered with world-leading digital ID verification company IDVerse (previously known as OCR Labs Global) to further its digital transformation and accelerate customer onboarding through swift and secure digital identity verification (IDV). Through this partnership, new FutureBank customers can access the IDVerse software as part of its

The New Standard of Universal Coupons – Ingenico

Posted on by Staff Reporter | 17368 Views | 14 min read

Legacy processes for offering, accepting, and using coupons are about to give way to a modern approach. With consumers doing more of their shopping with mobile devices, the legacy coupon standard, (AI) 8110, isn’t meeting the industry’s needs. Moreover, that standard is also increasingly vulnerable to fraud. A new universal coupon standard (A1) 8112 from

Swift Unlocks Potential of Tokenisation with Successful Blockchain Experiments

Posted on by Staff Reporter | 13399 Views | 27 min read

Swift today released results from a new series of experiments that show its infrastructure can seamlessly facilitate the transfer of tokenised value across multiple public and private blockchains. The findings have potential to remove significant friction slowing the growth of tokenised asset markets and enable them to scale globally as they mature. While tokenisation is

Equity Group Holdings Registers KSH 26.3 Billion Profit After Tax in it’s 2023 Half Year Results

Posted on by Staff Reporter | 3514 Views | 13 min read

Amidst a tough operating global macro environment characterized by stubbornly sticky high inflation, high interest rates, volatile exchange rates and devaluation of emerging economies currencies, Equity Group has announced 2023 half year results that reflect resilience. The Group registered a funding growth of 23% driven by 21% growth in customer deposits and 29% growth in

Trustco Bank Namibia Suspension

Posted on by Staff Reporter | 8467 Views | 4 min read

On 18 August 2023, the Bank of Namibia, in accordance with Section 15(5) of the Banking Institutions Act, 2023 (Act No. 13 of 2023), after consultation with the Minister of Finance and Public Enterprises, resolved to suspend the authorisation of Trustco Bank Namibia (Trustco Bank) to operate as a banking institution with immediate effect. The