Mastercard and Jordan Kuwait Bank Launch First World Elite Biometric Credit Card in Middle East & Africa

Posted on by Staff Reporter | 19514 Views | 10 min read

Mastercard and Jordan Kuwait Bank (JKB) have partnered to launch the Jordan Kuwait Bank Biometric World Elite Mastercard – the first commercially-available Mastercard biometric card in Jordan and the first World Elite card in the Middle East and Africa region to feature biometric authentication Benefiting from Mastercard’s industry-leading technology, Jordan Kuwait Bank cardholders will be

FNB | How to Avoid Investment Scams this Festive Season

Posted on by Staff Reporter | 10760 Views | 12 min read

While there are many common global scams like phishing, vishing, smishing, and identity theft – there has also been an increase in investment scams that are targeting unsuspecting consumers. Ramesh Ramdeen, Head of Fraud at FNB Wealth and Investments, says that “fraudsters have become increasingly sophisticated and bold in their criminal activities. Consumers are often

Ecobank Group names Jubril Mobolaji Lawal as Regional Executive and Managing Director Designate for Ecobank Nigeria

Posted on by Staff Reporter | 11019 Views | 11 min read

Ecobank Group, the leading pan-African banking group, announces that Jubril Mobolaji Lawal has been appointed as Regional Executive and Managing Director designate of Ecobank Nigeria, subject to the approval of the Central Bank of Nigeria. The appointment is made ahead of Patrick Akinwuntan’s upcoming retirement, due to him reaching retirement age in January 2022. Mobolaji

Mastercard and ProgressSoft Partner to Simplify Remittance Solutions across Middle East and North Africa

Posted on by Staff Reporter | 11861 Views | 9 min read

Collaboration to simplify and speed up cross-border remittances for consumers Enables banks to onboard Mastercard Cross-Border Services within half the time as compared to before  Mastercard has entered into a strategic partnership with the real-time payment solutions company, ProgressSoft, to ease the integration of Mastercard Cross-Border Services and accelerate cross-border remittances across the Middle East

Cassava Technologies and Mitsui Sign a Memorandum of Understanding to Accelerate Digital Transformation in Africa

Posted on by Staff Reporter | 5857 Views | 5 min read

Partnership will further development of digital infrastructure and services in Africa Cassava Technologies, Africa’s first integrated tech company of continental scale, has announced that it has entered into a memorandum of understanding (MOU) with Mitsui & Co., Ltd, one of Japan’s largest global conglomerates. Cassava Technologies and Mitsui share a common vision of facilitating digital

The Mauritius Commercial Bank (MCB) Upgrades its Dubai Presence to Build Stronger Bridges between Africa and Global Markets

Posted on by Staff Reporter | 20734 Views | 11 min read

This expansion of the MCB’s scope to the Middle Eastern region is aligned with its mandate to further facilitate transactions to and from Africa The Mauritius Commercial Bank (MCB) (www.MCB.mu) announces that it has been licensed by the Dubai Financial Services Authority to provide Advising and Arranging services. Mr Sebastian Graewert has been appointed as

TradeDepot Raises $110 Million To Extend ‘Buy-Now-Pay-Later’ to Retailers Across Africa

Posted on by Staff Reporter | 13658 Views | 11 min read

TradeDepot, the leading B2B eCommerce and embedded finance platform in Africa, has raised $110 million in an equity and debt funding round to support the delivery of Buy-Now-Pay-Later services to 5 million SME retailers and drive further expansion of its merchant platform across the continent. The Series B equity round was led by the International

Financial Inclusion on the Agenda as Mukuru Card Customers can Now Make Online Purchases

Posted on by Staff Reporter | 15945 Views | 11 min read

Mukuru, one of the largest remittance companies in Africa and a leading next generation financial services platform, has announced that its Mukuru Card has been activated for online purchases in South Africa, allowing holders of the card to take part in the eCommerce revolution even if they don’t hold traditional bank accounts. Mukuru CEO Andy

Hyland’s Alfresco Process Automation Platform Helps aYo Boost Financial Inclusion and Change Lives in Africa

Posted on by Staff Reporter | 39392 Views | 19 min read

aYo, a provider of micro hospital and life insurance cover for underserved communities in Africa, has slashed claims processing time and costs thanks to claims automation built on Hyland’s Alfresco Process Automation platform. Hyland is a leading content services provider that enables thousands of organisations to deliver better experiences to their customers. aYo already has

Economist Impact and Mastercard Study Reveals that Middle East and Africa is a Fertile Ground for the Growth of Super-apps

Posted on by Staff Reporter | 8746 Views | 22 min read

Super-apps offer a single location from which a consumer can engage in diverse commercial transactions, from calling a cab to paying an electricity bill  Wide-ranging study by Economist Impact, the research and analysis arm of The Economist Group, commissioned by Mastercard Middle East and Africa reveals that super-apps have emerged as a business model with