Touch and Pay Wins $50,000 Ecobank Fintech Challenge 2022

Touch and Pay processes microtransactions across Africa, such as paying for bus journeys  Ecobank Group (www.Ecobank.com) is proud to announce that Touch and Pay a Nigeria-based fintech has won the 2022 edition of the Ecobank Fintech Challenge. This announcement was made at the Grand Finale, today at Ecobank’s headquarters in Lomé,  presided by H.E. Cina

Finance in Africa 2022: Navigating the Financial Landscape in Turbulent Times

Banks weathered the pandemic well, showing the resilience of the sector  The European Investment Bank (EIB) (https://www.EIB.org) has completed its annual survey of banks in Africa in 2022, supported by Making Finance Work for Africa. In Finance in Africa in 2022: Navigating the financial landscape in turbulent times (https://bit.ly/3goYM2l), the seventh report in this series,

CR2 Announce Partnership with Thunes

CR2 partners with Thunes to place banks at the heart of the cross-border payments market CR2, a world-leading vendor in the digital banking and payments market, has partnered with Thunes, a global B2B payments company. This partnership enables CR2 customers to make seamless payments to more than 130 countries, expanding the platform’s international payment capabilities.

FirstBank Boosts the Business Operations of its Customers with a Bouquet of Retail Product Offerings

First Bank of Nigeria Limited has announced its variety of retail products specifically designed to enhance the operations and sustenance of various businesses in the country. The products: Petroleum Dealership Finance (PDF), Operational Vehicle Finance (OVF) and Commercial Mortgage will strengthen the capacity of businesses to meet their immediate and long-term needs which are required

Open Banking Could Drive financial Inclusion Across Africa. Here’s How.

By Karen Nadasen, CEO of PayU South Africa The Bill and Melinda Gates Foundation identified five key ways that African countries can include more than 400 million people into the digital economy, with one of the key themes being the importance of exploring a pathway to open banking. Open banking promotes fairness, competition and innovation

Six Fintech Companies from Africa Emerge as Finalists in the Ecobank Fintech Challenge 2022

Finalists will compete for the top price of $50,000 and admission to the ‘Ecobank Fintech Challenge Fellowship’ program The six finalists were chosen following extremely strong competition from over 700 fintechs from 59 countries; Grand Finale is to be held on 28 October at the Ecobank Group (http://www.Ecobank.com) Pan African Centre in Lomé, Togo; Finalists will

Four Award Wins for Standard Bank at the 2022 Private Banker International Global Wealth Awards

Standard Bank, Africa’s largest financial services organisation by assets, is honoured to have received a series of awards and special mentions at the 32nd annual Private Banker International (PBI) Global Wealth Awards 2022. This year, Standard Bank Wealth & Investment took the top spots in the following categories: Outstanding Global Private Bank: Africa Outstanding Wealth

Bank of Nambia Warns of 419 Scams Targeting Public Figures

The Bank of Namibia has noted with concern an increasing number of scammers seeking unsolicited financial assistance from Namibians to finance the country’s developmental agenda targeting senior public figures including politicians and civil servants. These scams are known as ‘419 scams’, popularly known to trick victims into paying a certain amount of money to fraudsters

Ground-Breaking SWIFT Innovation Paves Way for Global Use of CBDCs and Tokenised Assets

SWIFT has successfully shown that Central Bank Digital Currencies (CBDCs) and tokenised assets can move seamlessly on existing financial infrastructure – a major milestone towards enabling their smooth integration into the international financial ecosystem. The findings, from two separate experiments, solve the significant challenge of interoperability in cross-border transactions by bridging between different distributed ledger

Traderoot Africa and Oracle Collaborate to Enable TCIB Payment Solution for SADC Financial Services Providers

Traderoot Africa and Oracle Financial Services have created an exciting and unique collaboration in which Traderoot Africa’s Certified TCIB Integration ISO e-Bus and the Oracle Banking Payments TCIB payment processor have been integrated to offer an end to end industry-grade TCIB payments solution. Financial inclusion of the underbanked and unbanked population is subject to the availability of suitable