The sale of Baxi is Verdant Capital’s fifth successful fintech transaction of the year MFS Africa is acquiring Baxi to expand its network into Nigeria, Africa’s largest economy and perhaps its most fintech dynamic market. Nigeria is also the largest remittance market in Africa representing one-third of intra-Africa remittance flows, and is home to the largest
Mastercard, a global technology company, has been named South Africa’s Most Innovative Payment Solutions Provider in 2021 by International Business Magazine. The award was given in recognition of Mastercard’s continuous innovation of payment technologies and its ability to reimagine the consumer payment experience in South Africa. The International Business Magazine Awards honour top companies across
Standard Bank Group is pleased to announce that it has been recognised as the ‘Best Transactional Bank for Financial Institutions in Africa’ and the ‘Best Trade Finance Services in Africa’ at the EMEA Finance’s Treasury Services Awards 2021. These awards, launched in 2010, celebrate the achievements of banking institutions that have recorded consistent performance, demonstrated
Download now for deals starting from R1 Vodacom Financial and Digital Services is pleased to announce that the much anticipated VodaPay super app is now live and can be accessed in the Google and Apple app stores. Available to customers on any mobile network, VodaPay launches with significant partners and discounts including exclusive R1 deals
Established by Mastercard in 2020, the Coalition unites the efforts of companies, merchants, banks, cities, and consumers to restore 100 million trees worldwide by 2025. Premier Bank has signed on as the latest contributor to the Coalition’s efforts to make the planet a more sustainable place to live. Africa, like many other parts of the
The Shoprite Group’s Money Market Account, which previously only enabled customers to deposit funds to pay for utilities and buy groceries, now provides customers with new transactional banking options including sending money and making withdrawals. Money Market Accounts offer banked and unbanked consumers, many of whom are regular customers at the Group’s stores, access to basic transactional banking activities that are specifically aimed at their needs.
Kuda’s proposition of zero fees on cards, account maintenance and transfers as well as its low-interest credit offering delivered conveniently through smartphones and the web have made it particularly attractive to millennials In a move aimed at driving its independent payment cards offering, Kuda Technologies, the challenger bank for Africans, has partnered with Network International,
The credit card sector was hit hard by COVID-19 lockdowns and the economic downturn, but increased spending on debit cards as consumers shunned cash drove overall growth in card expenditure Concerns about COVID-19 saw consumers turn to contactless New research shows that, despite a decline in the amount spent on credit card purchases last year
The partnership will see the introduction of Malawi’s first Mastercard debit card linked to a mobile money wallet The physical debit card will connect TNM Mpamba customers to a global marketplace, enabling them to use mobile money to make safe online and in-person payments on the Mastercard network Mastercard’s’ technology will deliver a seamless digital
By Mark Dankworth, President International at Ukheshe Technologies Mobile transacting is fast becoming the golden egg of financial services – and nowhere more so than in Africa. According to the Global System for Mobile Communications’ (GSMA) 2021 State of the Industry Report on Mobile Money, the number of registered mobile money accounts grew by 12.7%
