Mastercard and Unilever have announced that they will expand their strategic partnership to help micro entrepreneurs in Africa and other regions overcome the cash constraints that limit their ability to buy and sell more products and ultimately grow their businesses. In Kenya, the two companies have launched Jaza Duka (“fill up your store”). The initiative
The Kenya Bankers Association (KBA) has partnered with financial service providers to create awareness on safety measures in conducting transactions while using ATM cards, mobile phones, and online platforms. The month-long initiative, dubbed “Kaa Chonjo!”, will be carried out with support from, including Visa, Safaricom, PesaLink, and the Retail Trade Association of Kenya (Retrak). Themed
Leading Software development company, Finteq have announced a giant leap forward for Zimbabwe’s payment system. The company’s most recent deal is with Zimswitch Zimbabwe in order to facilitate the delivery of a modern domestic interbank payment system. Scheduled to be delivered in a series of phases, this system will support batch processing of debit and
Capitec Bank’s most recent annual financial results for the year ending February 2018 shows that the bank’s strategy to grow its active client base to nearly 10 million – with a focus on middle to higher income clients – has continued to be successful; in January 2018 alone the bank signed up 185 000 new
Financial Software Systems (FSS), a global leader in payments technology and transaction processing, announced a strategic partnership with Just In Time Group (JIT), a systems integrator with over two decades of experience, to expand its market footprint in Sri Lanka. As part of the partnership, JIT would provide regional banking know-how, system integration skills, post-sales
The South African Reserve Bank (SARB) published The National Payment System Framework and Strategy Vision 2025 which sets out the goals and strategies for the national payments industry, aimed at building a world-class national payment system (NPS) that serves the economy and the people of South Africa. A national payment system is a set of
Standard Chartered Bank has announced the official launch of its digital bank in Côte d’Ivoire. This marks the Bank’s first digital bank in Africa and the first-of-its-kind to open in Côte d’Ivoire. Mr. Bruno Nabagné KONE, Minister of Information technologies and communication of the Republic of Côte d’Ivoire, was the guest of honour at the
Efforts to bolster digital financial inclusion in Tanzania and indeed other countries in Africa have received a shot-in-the-arm following a productive conference organized by FINCA Micro-Finance Bank Tanzania in partnership with the Mastercard Foundation. Bringing in experts, institutions and other players in the financial sector, the conference, held in Tanzania’s commercial capital, Dar es Salaam,
More than 2.5 billion people around the world – many of them in Africa – lack formal identification that enables them to access to financial and government services, according to the United Nations and the ID2020 project. What’s more, less than 10% of adults in low and middle-income countries are on file in public credit registries. The result
Fintech is boosting financial inclusion across Africa, according to Ecobank, the leading independent pan-African banking group, a pioneer in Africa’s digital transformation and the main sponsor of the 2018 Africa Tech summit taking place today. Although over 80% of Africans have mobile phones, only around one quarter (28%) of them have bank account. But mobile
