Weaver Fintech, a new division of omni-channel retailer Homechoice International (HiL), has made its first acquisition, buying an 85% stake in Cape Town-based buy-now-pay-later (BNPL) start-up PayJustNow. HiL is an investment holding company, focused on fintech and omni-channel retail through its subsidiaries. It is incorporated in Mauritius and listed on the Johannesburg Stock Exchange. According
Appzone strengthened its commitment to supporting the digitization of the financial ecosystem in Kenya as a strategic partner When Pan-African fintech software provider, Appzone, relaunched its digital core banking solution for Africa’s fintechs and Neobanks in October 2021, it was clear that the company would never waiver from its commitment towards accelerating economic prosperity in
Bank of Kigali goes live on Temenos platform to power faster, smarter digital banking while scaling to one million retail and SME customers in Rwanda Temenos, the banking software company, has announced that Bank of Kigali Plc, Rwanda’s largest bank by assets and market share, has gone live on Temenos. Replacing its core banking system
The Ecobank Foundation has appointed Mrs. Elisa Desbordes-Cissé as its Chief Operating Officer. The Ecobank Foundation is the Corporate Social Responsibility arm of the Ecobank Group, the leading Pan-African Banking Group. Over the last few years, alongside key partners from global and Pan-African organisations, the Ecobank Foundation has made significant progress in Africa through its
PCI SSC veteran promoted to Director of Emerging Standards The PCI Security Standards Council (PCI SSC) announced the promotion of Mike Thompson to Director of Emerging Standards at the PCI SSC. In his new role, Mike is responsible for leading the research, development, and maintenance of PCI SSC security standards and program initiatives. “We are
The authorisation permits Cellulant to continue enabling businesses to collect payments online and offline while allowing anyone to pay from their mobile money. Central Bank of Kenya has granted Cellulant a Payment Service Provider authorisation in Kenya, enabling the company to expand its payments offering for businesses, banks, and consumers. Founded in 2003, Cellulant is
Standard Chartered has released its financial results for the full year and fourth quarter ending 31 December 2021. See link here. In the Africa and Middle East region, the Bank has recorded its highest Operating Profit since 2015. Performance Highlights: Broad-based growth and improvement in income and profits Income grew by 3.5 per cent to
Adri Führi, Group CFO at Fintech specialist e4, says 4IR and the rate of technological change presents a unique challenge for CFOs who have the complex task of ensuring alignment between finance and the entire organisation on the road to digital transformation. There has been much talk about the role 4IR will play in digital
Although already on a steep adoption curve, Covid has fast tracked many organisations’ digital payments strategies. QR codes in particular are finding favour amongst major South African banks. Capitec’s most recent peer2peer (P2P) account-based payment offering is the latest that Entersekt has helped roll out. And the company says the payment method is likely to
ACI Worldwide has announced a partnership with one of South Africa’s leading financial services providers, Nedbank, to drive its digital transformation journey including real-time payments. Nedbank is embarking on a wide-ranging modernization program, migrating all of its legacy systems to ACI’s award-winning ACI Enterprise Payments Platform, including the move to ISO20022, the global financial messaging
