The statement added that newly reduced rates will be officially announced in the Government Gazette tomorrow Tanzania’s Government has reduced mobile money transaction levy by 30 percent. A press statement issued by the Ministry of Finance and Planning Tuesday stated that Minister Mwigulu Nchemba has already signed the review of the charges. Following concerns and
Atlas Mara Limited (“Atlas Mara” or the “Company,” and including its subsidiaries, the “Group”), the sub-Saharan African financial services group, releases its summary financial highlights for the 14-month period ended 28 February 2021. This represents an extract from the audited financial statements. The full audited financial statements will be released shortly and published on our website.
78% of SMEs in region’s retail sector are optimistic about the next 12 months, according to Mastercard MEA SME Confidence Index SME confidence levels were highest among businesses in retail, ahead of other sectors, like food and beverage, entertainment, construction, and manufacturing Research identified key areas with the greatest potential for growth with half of
Q&A with Rishi Pillay, Managing Executive: Africa, FSS With open banking and instant payments increasingly becoming mainstream, back-office enterprise reconciliation systems need to keep pace. Conventionally, transactions typically were processed in a batch mode and payments took hours, if not days, to process, clear and settle. Now, reconciliation and settlement cycles have been compressed. This puts
Initiative by BankservAfrica and the community makes massive inroads over short space of 12 months Countries around the globe are fast-tracking their Digital Identity programmes for the digitalised future. South Africa is not far behind – the collective knowledge and insights by the digital community over the past months have generated the momentum needed to
“CR2’s Digital Banking Platform provides configurable off-the-shelf functionality spanning multiple lines of business, including retail, SME, corporate, private, agency and digital financial inclusion.” Corporate Banking continues to play a dominant role for banks. Banks looking to capture a greater share of the corporate banking wallet must think carefully about their investment decisions in order to
74% of the region’s small and medium businesses in construction and manufacturing are optimistic about the next 12 months, according to Mastercard MEA SME Confidence Index SME confidence levels were highest among businesses in retail, while construction and manufacturing had most businesses forecasting increases to steady revenues Research identified key areas with the greatest potential
In developing economies 9 percent fewer women than men have access to financial services. Mukuru Chief Information Officer, Sandy Rheeder, explains why bridging this divide has become critical. While the last Global Findex report on financial inclusion shows an increase of 515 million formally banked individuals between 2014 and 2017. While this is indeed progress,
FSS Technologies Singapore Pte Ltd., a globally leading provider of integrated payment products and a payments processor, has announced Askrindo, a market leader in Indonesia’s general insurance industry, has implemented its Smart Recon solution to modernize and maximize the efficiency of its reconciliation operations. Established in 1971, Askrindo, member of Holding Indonesia Financial Group or
“We have a view or a mission to be Africa’s most valued digital platform for financial services, which then means we are seeking to move to not just identify ourselves as a bank but actually identify ourselves as a marketplace upon which financial services are offered, upon which customers can then find innovations that impact
