In its continued drive for financial inclusion across Nigerian communities, Africa-focused fintech platform PalmPay has unveiled two cost-saving financial products – Unlimited Free Transfer and Target Savings – for users of its app. With the new financial products, users of the PalmPay app can now enjoy unlimited free transfers to all banks in the country
Standard Bank has provided an $11 million facility to fintech Float, which will facilitate the rollout of its card-linked instalment platform, supporting its accelerated growth plans over the next four years. Float is a new payment method that encourages responsible credit card usage and, at the same time, helps merchants to grow their sales. The
By Rory Bosman, Executive for Sales & Marketing at Ecentric Tough economic conditions may well force financial institutions into a type of survival mode where the priority and focus is on retaining and growing market share, which is crucial, of course, but purpose-driven banking is not only possible in difficult times, it should form the
Unlimit, the global fintech company, today announced its entry into the Tanzanian market and the receival of the Bank of Tanzania (“BOT”) licence, marking another significant step in the company’s expansion within the region. The approval of Unlimit as an authorised payment service provider by the BOT will allow the fintech to provide a range
Equity Group, East and Central Africa’s largest financial institution, has fortified its position as one of the strongest banking brands globally by scoring highly, in the 2024 Brand Finance’s Brand Strength and Brand Value rankings. In its third consecutive appearance in the Brand Finance Banking 500 rankings, Equity climbed from 4th position in 2023 to
Amid a spate of high-profile payment fraud cases in South Africa, the need for robust fraud payment prevention measures has never been more apparent, says Ryan Mer, CEO of eftsure Africa, a Know Your Payee™ (KYP) and payment fraud prevention platform provider. In April 2023, three former bank employees received jail sentences of 15 years
While there is no doubt that banks around the world fast tracked their digital transformation plans as a result of the pandemic, a report from Accenture posits that the rapid growth in digital services may have negatively affected innovation in the sector. In order to overcome this and truly innovate for the customer, local banks
Standard Chartered Kenya has announced a comprehensive suite of products for the Medium Enterprise segment as it responds to increasing demand for more sophisticated needs from its clients. The Bank will leverage its strong global network to serve the clients, tapping into enhance demand for trade in key corridors across Africa, Middle East, Asia, and
Jonathan Jacobs, Head of Product and Operations at Halo Dot In recent years, there has been a gradual shift towards going cashless. This is something that is impacting every society around the world. However, in developing countries like South Africa, this transition has become a layered one. Influenced by the divide that separates people when
ExiPay and Izwe’s all-in-one payment terminal opens new revenue streams for merchants A partnership between payment innovation company ExiPay and loans and financial services provider Izwe has resulted in an all-in-one point of sale (POS) solution, called Izwe Pay, that facilitates payments across mobile money and card payments in Zambia. It also brings additional value-added
