$1.3 Million Grants Approved for Two Research Efforts to Enhance Women’s Digital Access to Loans and Micro-insurance

Posted on by Staff Writer | 6019 Views | 12 min read

The African Development Bank has approved two grants for research that will increase African women’s access to a range of digital financial services including loans and micro-insurance. The grants, for $1 million and $300,000 respectively, will be disbursed through the Africa Digital Financial Inclusion Facility, a blended finance vehicle supported by the Bank, to two

Ethiopia: African Development Bank approves $2.33 Million Grant to Support the Modernization of Electronic Payments Infrastructure

Posted on by Staff Writer | 6349 Views | 7 min read

The Board of Directors of the African Development Bank has approved a grant of $2.33 million to EthSwitch Share Company, an initiative led by National Bank of Ethiopia, for the modernization of its payments infrastructure. The grant is resourced from the special fund of the Africa Digital Financial Inclusion Facility (ADFI), a pan African initiative

SA Fintech firm Adumo gets R225m Investment to Expand Digital Payment Solutions in Africa

Posted on by Staff Writer | 4825 Views | 13 min read

South African fintech group Adumo have announced R225 million ($15 million) in new funding from IFC, a member of the World Bank Group, and the IFC Financial Institutions Growth Fund to expand access to electronic payment solutions, especially for underserved small and medium-sized businesses. IFC’s investments will support Adumo to make digital payments systems more

South Africans Can Now Buy Now and Pay Later (Zero Interest) at Africa’s Largest Digital Mall

Posted on by Staff Writer | 4509 Views | 9 min read

South Africans can now shop online and pay later, interest-free over six weeks. Payflex has brought the buy now pay later shopping phenomenon to South Africa following its extraordinary popularity in Australia, the USA and Europe. Payflex customers can shop at Africa’s largest digital mall which includes over 500 well-known stores like Cotton-on, Superbalist and

Women Entrepreneurs are Making Progress in South Africa, but Challenges Persist – Mastercard Index

Posted on by Staff Writer | 3625 Views | 27 min read

While women entrepreneurs are making strides to overcome gender-related biases and advance their businesses in South Africa, they still face several structural and social obstacles, many of which have been exacerbated by the Covid-19 pandemic. This is according to the South African results of the latest Mastercard Index of Women Entrepreneurs Index (MIWE), announced on

South African Fintech Enabler, Ukheshe Technologies, Confirm Global Expansion

Posted on by Staff Writer | 6174 Views | 12 min read

Leading South African digital fintech enablement provider, Ukheshe Technologies has confirmed it is expanding its operations internationally. Having established itself as a formidable payment technology specialist within the B2B sector, the company has set its sights on the Middle East, Europe and Asia Pacific. The move comes on the back of several successful high-profile projects

Mastercard Completes Acquisition of Nets’ Account-to-Account Payment Business

Posted on by Staff Writer | 3176 Views | 4 min read

Mastercard has completed its acquisition of the majority of the Corporate Services business of Nets, a leading European PayTech company, having met the conditions set out by the European Commission in its approval in August 2020. The additions to Mastercard will support a broader set of account-to-account capabilities, including clearing and settlement instant payment infrastructure,

TallOrder POS Integration with Netcash Offers Truly Contactless Payment Experience

Posted on by Staff Writer | 3863 Views | 10 min read

Netcash and Cloudone.mobi have announced a partnership to make it faster, simpler and more convenient for small and medium businesses in the hospitality and retail sector to accept and reconcile payments. Included are contactless mobile payments using South Africa’s most popular QR code applications. Tight integration of TallOrder Point of Sale (POS) software and the

Firstbank Unveils FirstSME Account, Reiterates Its Commitment to the Continued Growth of SMEs

Posted on by Staff Writer | 4223 Views | 10 min read

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced its SME specific accounts designed to reinforce the Bank’s role in putting SME’s at an advantage whilst contributing to national growth and development. The SME accounts – which are in two variants – FirstSME Classic and FirstSME Deluxe – are

All Shoprite, Checkers & Usave Stores Now Accept Cash Deposits for Major SA Banks

Posted on by Staff Writer | 4382 Views | 7 min read

Customers can now deposit cash directly onto their bank card at the till point in any Shoprite, Checkers or Usave store. Together with other established in-store services like cash withdrawals, money transfers, and bill payments, this new functionality means shoppers can now perform most basic banking tasks at all supermarkets within the Shoprite Group. Cash