Shareholders of leading financial institution, Fidelity Bank Plc, have commended the board and management of the bank for delivering an exceptional performance in FY 2022. This was made known at the bank’s 35th Annual General Meeting (AGM) held virtually on Tuesday, May 23, 2023. Speaking at the AGM, the Chairman Emeritus of the Independent Shareholders
Equity Bank has been feted as the Best Bank in Kenya in the 2023 Think Business Banking Awards for the 12th consecutive year. Equity was also named the best bank in the inaugural ESG Factors Category as well as the Most Customer-Centric Bank. The Bank won 19 awards: Winner in 14 categories, 1st Runners Up
Over the last decade the volume and value of cross-border payments has increased by 61% and 37%, respectively, while the number of correspondent banking relationships has fallen by 29%. The BIS Committee on Payments and Market Infrastructures (CPMI) today published data pertaining to 2022. The correspondent banking network facilitates a large share of cross-border payments
Platform users such as gig economy operators or marketplace sellers will receive instant payouts for services or products sold Adyen increases the velocity of funds movement ‘untrapping’ 1 – 3 days worth of cash flow per customer empowering businesses and accelerating payments to end users Adyen’s banking infrastructure connects directly to real time payment rails
In recent years, Electronic Funds Transfers (EFTs) have become a bedrock of financial systems worldwide, shaping the way businesses, consumers, and banks interact. Andrew Springate, CEO of tech and financial gateway service provider PAYM8 says that by participating significantly in the EFT landscape’s modernisation, including Authenticated Collections (DebiCheck) in South Africa and Enhanced Debit Orders
Fawry partners with Infobip to utilize their omnichannel solutions to create new and exciting ways for merchants to process payments using their different communication channels including SMS, Whatsapp, Facebook messenger and other META channels Fawry, the leading payments and fintech company in Egypt, has partnered with Infobip, a global cloud communications platform, to enable payments
The countrywide adoption of Bitcoin payments by industry titan, Pick ‘n Pay, late last year, heralded the first among many new developments in the payment technology landscape. The past few years have seen the proliferation of new methods of transacting, with local fintech innovators earning their place within the new-generation payments ecosystem. Consumer credit has
As banks continue to work towards new regulatory and compliance standards, all are having to find balance between resource and funding priorities and between step-change innovation and more operational requirements. And, while compliance is a necessity, lagging too far behind in new and innovative opportunities could see them losing their competitive edge. The answer to
Banking as a Service (BaaS) and embedded finance enabler Ukheshe has recently launched a new innovation hub, Ukheshe Labs, to focus on research and development in the digital payments market. Jason Penton, Ukheshe Co-Founder and Head of Ukheshe Labs, says such an endeavour should be a priority for any company operating in the tech sphere.
Moment offers expanded payment infrastructure for businesses across Africa to help them collect and make payments easier, quicker, and more affordable MultiChoice Group, Rapyd and General Catalyst today announced a joint venture aimed at developing an integrated payment platform for Africa. The joint venture will operate under a new company, called Moment. Moment offers expanded
