On the back of two major interest rate hikes in the first half of 2022 alone and rapidly rising costs, business owners across the country are keeping a close eye on budgets and cash flow where every cent counts. As champions of financial inclusion and SME growth in South Africa, local fintech Hello Pay is
Paysend, the UK-based fintech with over 7 million customers, today announces that 50 new receiving countries have been introduced to its global payments network since the start of 2022. These additional payments corridors mean that Paysend customers can now send money to over 170 countries worldwide. Notable additional countries supported by Paysend include: Antigua and
75% of consumers in Morocco have used at least one emerging payment method in the last year, with usage expected to increase further Adoption of biometrics, Buy Now Pay Later (BNPL), open banking and account-to-account payments are anticipated to continue accelerating Gen Z and Millennials are leveraging more digital payment methods and are more open
The Bank’s Firstmonie Agents play a critical role in promoting financial inclusion in the country The Bank currently has over 180,000 Firstmonie Agents spread across 772 Local Government Areas in Nigeria Since 2020, FirstBank has economically empowered thousands of its Firstmonie Agents with over 100 billion naira credit facilit First Bank of Nigeria Limited, Nigeria’s
To increase access to affordable housing in South Africa, IFC and Absa Bank Limited, one of the leading providers of residential mortgages in the country, have partnered to support the expansion of housing finance targeting lower-to-middle income households in South Africa. IFC’s local currency loan of up to 2 billion South African rand (roughly $128
88% of consumers in Egypt have used at least one emerging payment method in the last year, with usage expected to further increase Adoption of Buy Now Pay Later (BNPL), open banking and account-to-account payments are anticipated to continue accelerating Gen Z and Millennials are leveraging more digital payment methods and are more open to
Established Colombian fintech firm Minka has announced that it plans to repeat the success of its Latin America-based real-time payments system across Africa, accelerating and easing the movement of money across the continent and improving financial inclusion. Minka is a seamless payment network that enables organisations to move money in real-time. It simplifies the movement
Mobile bill pay brings daily lifestyle convenience for younger generations and is prompting older generations to change lifelong habits Mobile has emerged as the catalyst for continual change, with consumers across generations rapidly switching and using this channel to pay bills, according to the bi-annual (1H) 2022 ACI Speedpay Pulse consumer survey. ACI Worldwide (NASDAQ:
Paysend, the UK-based FinTech with over 7 million customers, today announces a partnership with Damane Cash, a payments institution and subsidiary of Bank of Africa, to enable money transfers to Morocco. With features such as low fixed fees, upfront exchange rates, faster transfer speeds and the ability to make instant, digital end-to-end international payments, this
Seven-year partnership will see NBB issue a range of debit, credit, prepaid cards and unique loyalty solutions to complement existing comprehensive offerings with Mastercard. Collaboration includes launch of highest tier cards targeted at UHNWI offering Priceless experiences The National Bank of Bahrain (NBB), and global technology company Mastercard have announced a strategic seven-year partnership to
