DFCU Bank, Mastercard, and Rabo Partnerships Join Forces to Digitize Agricultural Ecosystem in Uganda

Posted on by Staff Reporter | 10575 Views | 22 min read

(L-R): Daniel Huba, Vice President of Sub-Saharan Africa Market Development for Community Pass at Mastercard; Charles Mudiwa, Chief Executive Officer and Managing Director of dfcu Bank; and David Gerbrands, Global Head of Agri and Banking Advisory Services and Inclusive Business Ventures at Rabo Partnerships, signing the partnership agreement in Uganda. Through the Farm Pass platform,

Stanbic Commits to Local Business Growth

Posted on by Staff Reporter | 46859 Views | 3 min read

Stanbic Bank says it is committed to focus on the growth of local businesses and is well positioned to offer fit for purpose banking services to local businesses in the country. Speaking during his country visit to Zambia, Standard Bank Chief Executive Officer for Business & Commercial Banking, Mr Bill Blackie said that Standard Bank,

Fintechs’ Role in Identity and Financial Security Beyond OPTs and Passwords

Posted on by Staff Reporter | 12746 Views | 17 min read

In the past year, identity theft has skyrocketed – a worldwide trend that has not gone unnoticed by the public. A report from earlier this year showed that consumers are looking for more security from their banks: 56% want more security measures for non-routine transactions, and 47% want more even for routine transactions. Clearly, it’s

Ecobank Wins Coveted Euromoney Award as Africa’s Best Bank for SMEs

Posted on by Staff Reporter | 56308 Views | 8 min read

Ecobank, the leading pan-African Banking Group, has been named Africa’s Best Bank for SMEs (small and medium-sized enterprises) by the prestigious Euromoney Awards for Excellence for the second year running, having also won the accolade in 2022. Jeremy Awori, Chief Executive Officer, Ecobank Group, said: “This award reflects Ecobank’s absolute commitment to supporting African SMEs

FIS Wins Three XCelent Awards for Advanced Technology in Core Banking

Posted on by Staff Reporter | 9406 Views | 12 min read

A global leader in financial services technology, has announced it has been selected by the research and advisory firm Celent for three XCelent Awards in the “Advanced Technology”, “Customer Base” and “Breadth of Functionality” categories. Celent created the XCelent awards to help financial institutions better understand the vendor landscape and compare solution providers. Celent recognized

Swift Finds Security and Transparency Matter Most for Low-Value Cross-Border Payments

Posted on by Staff Reporter | 15602 Views | 12 min read

Swift has published the results of a global survey of 7,000 consumers and small businesses on attitudes to low-value cross-border payments, finding that security and transparency are the most important factors when sending money internationally. Security was named as the key driver in the selection of a payments provider by both consumers and SMEs, closely

Central Banks Stay the Course as Inflation Fight Gets Tougher, BIS Says in Annual Economic Report

Posted on by Staff Reporter | 18929 Views | 14 min read

Central banks are determined to conquer inflation, even if the last mile to price stability may be the most challenging. There is a material risk of further financial stress as the financial system adjusts to the end of low-for-long interest rates. To safeguard stability and trust, monetary and fiscal policy must operate within a “region

Absa Bank Kenya and Visa launch a new Card-to-Mobile Payment Solution for SMEs

Posted on by Staff Reporter | 49864 Views | 13 min read

Absa Bank Kenya has partnered with Visa, a global leader in digital payments, to introduce the Absa Mobi Tap solution, a market-first payment solution that allows small businesses to accept card-based payments from customers using an Android smartphone. This convenient and secure solution quickens the purchasing process by leveraging the smartphone as a point of

NCR Completes Transformational Migration to Google Cloud for Digital Banking

Posted on by Staff Reporter | 13888 Views | 7 min read

NCR Corporation, a leading enterprise technology provider, today announced the successful migration of 24 million NCR DI Digital Banking users to Google Cloud’s highly scalable and secure environment. NCR DI Digital Banking’s move to the Google Cloud environment benefits this client base of banks and credit unions by enabling faster time to market for new

Ecobank Group and PAPSS Partner to Enhance Cross-Border Payment Across Africa

Posted on by Staff Reporter | 35574 Views | 14 min read

Mr. Jeremy Awori, Chief Executive Officer of Ecobank Group, and Mr. Mike Ogbalu III, CEO of PAPSS signed the Memorandum of Understanding on June 19, 2023, in Accra, Ghana. Ecobank Group, the leading pan-African banking Group, and The Pan African Payment and Settlement System (PAPSS) have signed a Memorandum of Understanding (MoU) to facilitate settlement