New report: Worker payments digitization for economic recovery and decent work In Senegal, 8 out of 10 workers are paid in cash. Most are temporary workers and excluded from health insurance. A survey revealed that 77% of temporary workers would be willing to receive their wages digitally if this gave them access to health insurance.
With the direct acceptance of payments in USD Coin, Visa forges new connections between digital and traditional currencies. Visa has announced a major industry first in bridging the worlds of digital and traditional fiat currencies: the use of USD Coin (USDC), a stablecoin backed by the US dollar, to settle a transaction with Visa over Ethereum—one of
The Minister of Finance, on the recommendation of the Prudential Authority (PA), has approved the proposed acquisition of the controlling interest in Grobank by Access Bank Plc (Access Bank). Access Bank is a Nigerian-registered multinational bank with a footprint across Africa, the United Kingdom and Asia. The PA and the Ministry of Finance after making
A delay in the payments of the COVID-19 social relief grant for the months of March and April 2021 is being experienced due to the transition in government financial years. The end of March is the end of the financial year for government and various administrative tasks are required before any payments which relate to
Technology companies join forces in the fight against cyber fraud Direct carrier billing (DCB) is the safest and most suitable payment technology for the new mobile economy; the two companies announced the launch of DCB Index to measure industry maturity in different regions. European technology companies Evina (www.Evina.com) and Telecoming (www.Telecoming.com) have signed a global
He joined Ecobank in 2017 as the Executive Director for Corporate Bank in Nigeria, and prior to his new appointment was Group Head, Corporate Banking for the Ecobank Group Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group (www.Ecobank.com), is pleased to announce the appointment of Akin Dada as Group Executive, Corporate and Investment Bank. He
Data top-up (94%), clothing (64%) and beauty products (56%) top the virtual shopping list in Nigeria Top learning experiences include online banking, learning to manage health & get medicines online, cooking & learning a new language Social media has become an integral platform for connecting consumers to online businesses Secure checkout experience recognized as fundamental
Standard Bank Group, Africa’s largest bank by assets, has appointed Yinka Sanni as its new Chief Executive for Africa Regions and a member of the Group Leadership Council. Sanni, the group’s Regional Chief Executive for West Africa, takes over from Sola David-Borha, who is retiring after 31 years of distinguished service to the group. Sanni holds
JSE-listed technology investment group, AYO Technology Solutions Limited (AYO), has filed an urgent high court application to interdict First National Bank (FNB) from terminating its transactional banking facilities with effect from 3 May 2021. FNB provided no reasons for its decision to terminate its banking relationship with AYO notwithstanding AYO’s requests for it to do
Zemen Bank has announced a partnership with Mastercard that will see the introduction of the first ever Mastercard branded prepaid contactless travel card in Ethiopia. Zemen Mastercard prepaid travel cards will enable cardholders to use cards with either of the two major currencies, namely U.S. Dollars and Euros, based on their travel destination. The card is also
