Fifteen Major SA Financial Institutions Migrate to Africa’s Top Data Centre Without a Hitch

Posted on by Staff Reporter | 7192 Views | 16 min read

Banking enabler Direct Transact achieves seamless migration to Teraco data centre for 15 major financial institutions, ensuring no downtime or disruptions in the SA payments system and that the entire financial ecosystem gains a major boost in scalability, reliability and global competitiveness. Fifteen major South African financial institutions have successfully migrated all their sensitive business

Standard Bank Delivers Record Headline Earnings for the Six Months Ended

Posted on by Staff Reporter | 7104 Views | 26 min read

Standard Bank Group (“Standard Bank” or “the group”) delivered record headline earnings of R15.3 billion for the six months to 30 June 2022 (1H22 or the current period), up 33% on the prior period.  This performance was underpinned by continued balance sheet and franchise growth. Headline earnings: R15 263 million, up 33% Headline earnings per

Payment Ecosystem Must Find the Commercial Carrot to Move Away From Cash

Posted on by Staff Reporter | 25146 Views | 17 min read

The South African payment ecosystem will need to increase cooperation if it hopes to reduce the country’s over-reliance on cash. And, while the regulator still has a big part to play in the solution, flipping the way payments are generally incentivised in favour of the consumer, as well as finding ways to better incentivise businesses

PalmPay Launches Wallet Safe Workshop to Improve Payment Security Awareness

Posted on by Staff Reporter | 19418 Views | 10 min read

According to the NIBSS (Nigeria Inter-Bank Settlement System), the total number of fraud attempts in Nigeria has grown by 186% from 2019 to 2020 PalmPay, a fintech innovator aims to make digital payment more accessible and flexible, announces the launch of Wallet Safe Workshop, a monthly campaign for payment security awareness training to help customers

How Embedded Finance is Eclipsing the Fintech Competition

Posted on by Staff Reporter | 11006 Views | 16 min read

Embedded finance solutions are a game-changer for how financial services are delivered in emerging markets across the globe and beyond, says Anton Coertzen, Chief Commercial Officer of fintech enabler, Ukheshe The embedded finance market is expected to grow to tenfold its 2020-value by 2025 – just three years from now. The term has been generating buzz

RBR | Partial Recovery for Cash Withdrawals as Pandemic Encourages Shift to Cashless

Posted on by Staff Reporter | 22057 Views | 13 min read

The end of lockdowns and the need for financial inclusion drives customer traffic at ATMs for cash withdrawals, although the pandemic leaves a legacy of new digital and cashless payment behaviour ATM cash withdrawals pick up as the world gradually returns to normal Customers around the world made 69 billion cash withdrawals in 2021, RBR’s

GCB Bank and G-Money Win at the 6th Global Business Quality Awards

Posted on by Staff Reporter | 18500 Views | 5 min read

GCB Bank was adjudged the Premium Ghanaian-owned Bank of the year 2021 at the 6th Global Business Quality Awards ceremony held at the Movenpick Ambassador Hotel in Accra. G-Money, the Bank’s subsidiary with over 2.4 million subscribers was also awarded the Most Promising Mobile Money Brand of the Year Award 2021. The awards, organized by

Yellow Pay – Yellow Card’s New Payment Feature Simplifying Money Transfers Through it’s Crypto Rails

Posted on by Staff Reporter | 12390 Views | 11 min read

The launch of Yellow Pay not only makes it easier for money transfer but also opens up the continent to more investment, access to credit, business grants Yellow Card Financial is proud to announce its new payment feature – Yellow Pay. This innovative solution will make it easier for customers to send and receive money

Network International Reports Strong H1 2022 Results with Revenue Up 31% and Profit Increasing 113% Reflecting Strong Trading and Strategic Delivery

Posted on by Staff Reporter | 25721 Views | 43 min read

Network International’s offering includes acquiring and processing services, and an ever-evolving range of value-added services The company, which operates across Africa and the Middle East, has seen financial outcomes that reflect solid trading and strategic delivery, driving strong cashflow generation; Figures include new financial institution wins and merchant signups; accelerated transaction growth; cross-selling and launching

Unlocking the Power of Hyper-Personalisation to Build More Relevant Banks

Posted on by Staff Reporter | 20357 Views | 20 min read

Real-time data and AI have made it possible to deliver curated content, services and products designed for individual customers, but many banks are unable or unwilling to embrace the opportunity offered by hyper-personalisation. There is no doubt that hyper-personalisation is effective. A Deloitte report on the topic points out that Amazon and Netflix have respectively