United Nations Uganda and Equity Bank Uganda Establish New Partnerships for Acceleration of Attainment of the SDGs

Posted on by Staff Writer | 4680 Views | 14 min read

The new partnership will promote social inclusion and improve economic outcomes and human development as well as contribute to the social economic transformation of Uganda The UN-Equity Bank Joint Programme on “Enhancing Social Impact through the SDGs” will focus on Financial Inclusion, Innovation and Shared Prosperity, and Institutional Partnerships, Governance and Shared Leadership. The United

Absa Earnings Decline; 7% Pre-provision Profit Growth Indicates Positive Underlying Performance

Posted on by Staff Writer | 3707 Views | 33 min read

Absa Group Ltd., one of Africa’s largest financial services provider, has reported a 51% decline in normalised headline earnings to R8 billion after impairments nearly trebled to R20.6 billion amid the economic downturn that was precipitated by the COVID-19 pandemic. Earnings and returns improved materially in the second half of the year as lockdown restrictions

Standard Bank | Digital Assets and the Evolving Role of Banks as Custodians

Posted on by Staff Writer | 3837 Views | 17 min read

Masha Maharaj, Head of Custody, Investor Services, at Standard Bank South Africa As retail and institutional investors embrace digital assets, with cryptocurrencies fast becoming a mainstream asset class and blockchain technology gaining adoption across industries, banking groups will increasingly take on the role of custodians and service providers for this growing segment of the market.

FirstBank CEO Lists Technology, Capacity as Key for Post-COVID-19 Growth

Posted on by Staff Writer | 3927 Views | 11 min read

…Thumbs up mobile banking (FirstMobile) and USSD (*894#) platforms By Bolaji Israel Dr Adesola Adeduntan, Chief Executive Officer, First Bank of Nigeria Limited said technology, innovation and enhanced capabilities have become necessary to achieve significant business growth in the post-COVID-19. Adeduntan made this remark on Thursday during a Digital Disruption Series webinar organised by the

RBR | Sophisticated ATM Software Transforming Self-Service Space

Posted on by Staff Writer | 4561 Views | 15 min read

Banks are looking for greater flexibility and functionality to enhance the customer experience at their ATMs and advanced software is helping them get there In recent years, banks across the world have been increasingly investing in advanced ATM software as they migrate transactions away from teller positions as part of their wider self-service strategy. The

The Battle of the Banks in Customer Loyalty and Satisfaction Stakes Hits a High in Digital COVID Economy

Posted on by Staff Writer | 3704 Views | 61 min read

When South Africa entered into a hard and extended national lockdown on 27 March 2020, banks responded rapidly and empathetically to their account holders’ financial crisis. According to the Banking Association of South Africa (BASA), as at 24 October 2020, banks had provided over R50 billion in financial relief – R33,61 billion in payment breaks

FirstBank Promotes Cross Border Payments in Sub Sahara Africa with First Global Transfer

Posted on by Staff Writer | 26713 Views | 8 min read

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced the launch of First Global Transfer (FGT) to promote international transfer of funds across its subsidiaries in sub-Saharan Africa. The Bank’s subsidiaries in Africa include FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone, FBNBank Senegal. The First Global

Absa Earnings Decline; 7% Pre-provision Profit Growth Indicates Positive Underlying Performance

Posted on by Staff Writer | 4000 Views | 33 min read

Absa Group Ltd., one of Africa’s largest financial services provider, has reported a 51% decline in normalised headline earnings to R8 billion after impairments nearly trebled to R20.6 billion amid the economic downturn that was precipitated by the COVID-19 pandemic. Earnings and returns improved materially in the second half of the year as lockdown restrictions

RBR | Banks Show Increasing Interest in Pooling and Sharing ATMs

Posted on by Staff Writer | 3843 Views | 16 min read

Cost pressures are driving banks in more countries to consider pooling or sharing of ATMs, which offers deployers a way of maintaining access to cash while reducing operational costs Cashless payments continue to rise, but cash provision remains crucial RBR’s Global ATM Market and Forecasts to 2025 shows a prolonged decline in demand for cash

Nedbank’s ‘Tap-on-phone’ – a first in Africa – Empowers SMMEs with Safe and Secure Contactless Payments

Posted on by Staff Writer | 4220 Views | 15 min read

At the height of the global Covid-19 pandemic, Nedbank became the first bank to offer small, medium and micro enterprises (SMMEs) the ability to turn their cellphones into a payment acceptance device with the launch of its Tap-on-phone functionality in October 2020. Following a successful closed pilot in June, the easily downloadable app has empowered