As the Southern African Development Community sees growth in fintech operators, it will become easier and safer for people to send money back home, writes Nikki Kettles, Executive of Licences and Payments Regulation at Mukuru. With half of Africans migrating to other countries on the continent to work, and then having to send money home,
Dr Derek Keats, Co-founder ExiPay / Managing Director, ExiPay Africa The FinTech industry is currently experiencing a significant shift away from stand-alone servers (sometimes called ‘on tin’), towards a cloud-native infrastructure model. This move has significant benefits for the industry as a whole, and payment-as-a-service specifically. The concept of ‘cloud-native’ is an approach to designing,
While it’s unlikely that the Conduct of Financial Institutions (COFI) Bill will be tabled before Parliament rises ahead of the elections this year, market players are eagerly awaiting its enactment and the many benefits it will bring, especially when it comes to low risk, rapid innovation in the fintech space. Designed to complement the Banks
Entersekt, the financial authentication company, continues its trailblazing innovation in the fight against financial fraud with its 99th software technology patent application being granted by the US Patent office. Entersekt was recently awarded a new patent for its approach in enabling frictionless, multi-factor authentication (MFA) – US granted patent “Frictionless SCA (Strong Customer Authentication).” This
By Graham Bradford, Senior Product Manager at Ecentric As retailers grow into mid-market size and beyond, the complexity and cost of manually reconciling payments increases almost exponentially because there are hundreds of thousands, if not more, transactions a day. Most retailers in this segment reconcile their payments with spreadsheets and many can’t expect a view
The National Bank of Ethiopia today hosted a meeting to review and consult on the standardization document for national digital payment QR codes. Organized in partnership with Ethswitch, the event saw participation from key representatives of banks, PII, and POS, engaging in constructive dialogue. This initiative aims to streamline the consumer experience by focusing on
iKhokha, the KZN based fintech who recently picked up the MTN Financial App of the Year Award, has announced that they have surpassed the impressive milestone of disbursing more than R2bn in working capital to their SME customer base, in partnership with Retail Capital, now a division of TymeBank. “In a tough South African economic
Finverity, the trade and supply chain finance digital ecosystem, today announced significant changes to its executive team, providing the company with operational excellence as it prepares for its next growth phase. Symmie Swil, with her impressive track record in business banking, has been promoted to the role of Chief Operating Officer (COO), while Alex Fenechiu,
Mastercard, a leading company in digital payments and technology, is pleased to announce the appointment of Folasade Femi-Lawal as the new Country Manager and Area Business Head for West Africa. With over 25 years of multifaceted experience spanning financial services, management consulting, telecommunications, and business advisory services, Folasade brings a wealth of knowledge and expertise
The benefits of open banking have been spoken about within the global banking sector for some years now. While some local banks have already made concerted efforts to embrace the innovation opportunities that come with open banking, global payments as a service (PaaS) specialist, Network International, believes there is room for a more collaborative mindset
