Written by Head: SA Distribution for International Personal Banking at Standard Bank Spending in another currency can get expensive and complicated. Not all South African cards are accepted abroad, and those that do come with the caveat of hidden fees tied into every purchase. Any small movement in the rand can also affect the price of
The concept of platforms is nothing new. Our railways, phone networks and even our shipping industry are all examples of networks which operate under agreed universal standards and can be described as platforms. Today, we participate on tech platforms every day when we use services like Airbnb and Uber or shop on eBay and Amazon.
The loan proceeds will be used mostly to fund their general corporate projects A USD 20M loan has been successfully signed between The Mauritius Commercial Bank Limited (MCB) (www.MCB.mu) and Bank of Kigali Plc on 26 July 2021. The aim of this loan is to provide additional liquidity to Bank of Kigali Plc over a
The new one-year partnership provides further opportunity for the bank to demonstrate its commitment to private clients in Africa Invest Africa (www.InvestAfrica.com), the leading business and investment platform for African markets, and Standard Chartered Private Bank, a leading international private bank for emerging market clients, are pleased to announce a strategic partnership, focused on driving
The leading pan-African banking group, Ecobank Group, in partnership with Microsoft, LinkedIn, GitHub and Ecobank Academy is set to provide training to equip Small and Medium-sized Enterprises (SMEs) across sub-Saharan Africa. This training will provide SMEs digital skills and knowledge to succeed in today’s digital world. SMEs have been significantly impacted by the COVID19 pandemic
By Clara Wanjiku Odero The World Bank estimates remittances to the Middle East and North Africa region rose by 2.3 percent to about $56 billion in 2020. However, global businesses that want to pay their Africa-based vendors and patterns are often frustrated by their experience with B2B payments. Typically, international businesses must route funds through
Launched in 2012, the SITEisfaction® report is our annual measure of customer satisfaction with digital banking services in South Africa. It rates each banking institution with a score from -100 (worst possible experience) to +100 (best possible experience), combining two scores from internet (via computer web browser) and mobile banking (via mobile apps). Customer data from this
In a bid to expand its Payments Platform, Cellulant Tanzania becomes one of the 5 Payments Solution Service Provider in the Country The Bank of Tanzania (BOT) has issued an approval in principle to Cellulant (www.Cellulant.io) Corporation to operate as a Payment Solution Service Provider in Tanzania having satisfied all the necessary requirements. Payment Solution
A major change is coming to South Africa’s banking and payments sector. Known as the Rapid Payment Programme (RPP), this evolutionary banking concept aims to create a simpler, safer instant payment ecosystem that would give people the ability to make real-time payments using simple identifiers, such as mobile numbers or email addresses. Led by BankServAfrica
The Managing Director of GCB Bank Limited, Mr Kofi Adomakoh, says there is no reason why banks will not invest in renewable energy and other projects to spearhead the development of the national economy. He explained that banks including GCB, largely look at the viability of the projects and conduct due diligence before investing in
