Payhippo Acquires Nigeria’s Maritime Microfinance Bank to Expand its Customer Offerings

Posted on by Staff Reporter | 19030 Views | 14 min read

With direct access to Nigeria’s Inter-bank Settlement System, this acquisition will enable Payhippo to launch an array of products and services for its customers  Payhippo, Nigeria’s credit-led SME fintech, has acquired Maritime Microfinance Bank (MFB), a financial institution specializing in saving products, demand deposits, and investments as well as micro and SME loans. The acquisition

Welcome to the Next Generation of Point of Sale (POS)

Posted on by Staff Reporter | 14026 Views | 12 min read

New digital Point of Sale platforms are gaining traction which means payment providers and investors should take note. It’s hard to believe that a DVD mail-order business has redefined what it means to stream digital content for the global age. And yet, that is precisely what Netflix has done. From its humble postal beginnings in

SASSA Grants Recipients Advised to Collect Money at Retailers and ATMs Due to System Glitches at Post Office Outlets Today

Posted on by Staff Reporter | 29302 Views | 7 min read

SASSA social grants recipients using the SASSA gold cards are advised to collect their monies at retailers and ATMs, as over the counter withdrawals at Post Office outlets are affected by systems glitches. Withdrawals of social grants can be made at any retail outlets nationwide that provides the cashback functionality which includes Shoprite, Checkers, Usave,

Cellulant and Solv Kenya Partner in Payments Deal to Serve Tens of Thousands of Micro, Small Medium Enterprises (MSME)

Posted on by Staff Reporter | 10099 Views | 14 min read

This partnership will enable MSMEs using the Solv Kenya platform to reconcile, receive, and view all their payments on the go under one roof  Leading Pan-African payments provider Cellulant (https://www.Cellulant.io/) and MSMEs-focused B2B digital platform Solv Kenya have signed a financial services partnership that will enable Solv Kenya’s expanding MSME partners to access digital payment and

GCB Bank – Current Economic Situation Provides Opportunity to Restructure our Economy

Posted on by Staff Reporter | 15953 Views | 10 min read

The Executive Director of Wholesale and Investment Banking of GCB Bank PLC, Mr Sam Aidoo, says the current economic crisis provides the opportunity to restructure our economy from a service driven one. He called for the building of a robust and resilient economy through technology, finance, investment, trade, and entrepreneurship. Delivering the address on behalf

Massmart Joins the Ranks by Offering Accessible Business Finance to South Africa’s SMEs

Posted on by Staff Reporter | 7744 Views | 10 min read

Massmart has joined forces with local Fintech, Retail Capital, providing access to funding to small, medium enterprises (SMEs) in South Africa. Retail Capital is one of the country’s leading alternative funders and a leader in Fintech solutions. “There are approximately 2.6 million SMEs in South Africa contributing 34% to GDP, however many still struggle to

Independent ATM Deployers Playing Increasingly Important Role in Global ATM Markets

Posted on by Staff Reporter | 27679 Views | 12 min read

As banks around the world rationalise their ATM fleets, and remove unprofitable units, independent ATM deployers (IADs) are stepping in to fill the vacuum IADs deploy a growing share of the world’s ATMs RBR’s report Global ATM Market and Forecasts to 2027 shows that while the total number of ATMs worldwide is slowly declining, the

Six Fintech Companies From Africa Emerge as Finalists in the Ecobank Fintech Challenge 2022

Posted on by Staff Reporter | 27349 Views | 12 min read

 The six finalists were chosen following extremely strong competition from over 700 fintechs from 59 countries. Grand Finale to be held on 28 October at the Ecobank Group Pan African Centre in Lomé, Togo. Finalists will compete for the top price of $50,000 and admission to the ‘Ecobank Fintech Challenge Fellowship’ program Ecobank Group, the

Alternative Payments Giant Cellulant Achieves Data Sovereignty Using Pure Infrastructure’s VMware Cloud

Posted on by Staff Reporter | 14019 Views | 14 min read

To deliver a Pan-African services, companies must meet each country’s regulations relating to data residency, compliance, and data sovereignty  Cellulant (https://www.Cellulant.io), a Pan African financial technology company that provides locally relevant and alternative payment methods for global, regional and local merchants, has created a contiguous cloud experience that enables it to meet data and cloud

Gen Z’s Message to Merchants: Meet Us in the Metaverse – New FIS Data Shows Young Consumers Drive Demand for Innovation

Posted on by Staff Reporter | 40411 Views | 15 min read

Millennial and Gen Z consumers are driving demand for embedded finance across a range of existing and emerging touchpoints, according to new FIS research. As technology evolves and the physical, digital and virtual worlds converge, younger generations are inhabiting new channels, such as the metaverse, and creating the need for new ways to transact. Findings