Bank of Mauritius Governor Harvesh Seegolam was invited by the African Caucus to be one of the panellists at its hybrid 2021 meeting regrouping Ministers of Finance and Governors of central banks of all 54 African countries. This year’s edition of the Caucus, which was held in Burundi, focused on ‘Digitalization for Inclusive Recovery and
Author: Ibrahim Moshood, Associate, Centurion Law Group The new guidelines provide a robust coverage of the MMO value chain from service providers to subscribers and agents Introduction The apex regulator of banking activities in Nigeria has released new guidelines to further regulate the services provided by mobile money operators (MMOs) in Nigeria (“the new guidelines”).
Renewed agreement to cover increase in capacity for card issuance and ATM processing WEMA Bank Plc., one of Nigeria’s oldest financial institutions, has renewed and expanded its long-term business agreement with Network International (https://www.Network.ae/en), the leading enabler of digital commerce across Africa and the Middle East. Building on their long-term relationship, Network International will be
TNM Mpamba is the first mobile money provider in Malawi to launch a Mastercard virtual payment solution powered by National Bank, enabling its mobile money customers to make safe and seamless international e-commerce payments on the Mastercard network. In a country-first for Malawi, mobile money service provider TNM Mpamba has launched a Mastercard virtual payment
The license is a requirement under the Payment Services Act 2019 which mandates that all Financial Technology or digital payments companies be licensed by the Bank of Ghana Digital payments has seen tremendous growth in the past couple of years. As of January 2021, 38.9 percent of the population aged 15 years and older had
Equity demonstrated a strong and consistent financial performance in the 2020 financial year The Group continues to pioneer technological innovations that have led to more convenient banking and transaction cost reduction for customers The Group distinguished itself for its role in safeguarding and cushioning the lives and livelihoods of its host communities Equity has been
Digital Wallets have become an entry point for consumers to engage with financial services and they create new opportunities to target the underserved banking population This Whitepaper, authored by Omdia (www.Omdia.com) and commissioned by CR2 (www.CR2.com), discusses the rise of digital wallets and how mobile wallets have successfully targeted the underserved banking population and offers
An estimated 23.5% of South Africans are unbanked*, which brings several personal and economic disadvantages. In a concerted effort to change this situation, MiVoice, the world’s first fully mobile HR management solution for domestic employees, has designed South Africa’s first genuinely free digital wallet. According to the World Economic Forum, the fee structure of South
Capabilities will enable industry-leading digital banking experiences for financial institutions of all sizes Fiserv, Inc., a leading global provider of payments and financial services technology solutions, has introduced enhanced Fiserv Digital capabilities for integrated digital banking and card management. This enriched, mobile-first suite will enable financial institutions to offer their consumer and business customers an
Retail Lending and Commercial Express components add to advanced digital banking functionality available on FIS’ flagship cloud-based core banking platform. Since launch in 2020, FIS Modern Banking Platform has grown to more than 60 advanced components through the platform’s ecosystem of FIS and third-party offerings. As a growing number of financial services organizations choose FIS
