$1.3 Million Grants Approved for Two Research Efforts to Enhance Women’s Digital Access to Loans and Micro-insurance

Posted on by Staff Writer | 5992 Views | 12 min read

The African Development Bank has approved two grants for research that will increase African women’s access to a range of digital financial services including loans and micro-insurance. The grants, for $1 million and $300,000 respectively, will be disbursed through the Africa Digital Financial Inclusion Facility, a blended finance vehicle supported by the Bank, to two

Ethiopia: African Development Bank approves $2.33 Million Grant to Support the Modernization of Electronic Payments Infrastructure

Posted on by Staff Writer | 6322 Views | 7 min read

The Board of Directors of the African Development Bank has approved a grant of $2.33 million to EthSwitch Share Company, an initiative led by National Bank of Ethiopia, for the modernization of its payments infrastructure. The grant is resourced from the special fund of the Africa Digital Financial Inclusion Facility (ADFI), a pan African initiative

SA Fintech firm Adumo gets R225m Investment to Expand Digital Payment Solutions in Africa

Posted on by Staff Writer | 4798 Views | 13 min read

South African fintech group Adumo have announced R225 million ($15 million) in new funding from IFC, a member of the World Bank Group, and the IFC Financial Institutions Growth Fund to expand access to electronic payment solutions, especially for underserved small and medium-sized businesses. IFC’s investments will support Adumo to make digital payments systems more

Firstbank Unveils FirstSME Account, Reiterates Its Commitment to the Continued Growth of SMEs

Posted on by Staff Writer | 4206 Views | 10 min read

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced its SME specific accounts designed to reinforce the Bank’s role in putting SME’s at an advantage whilst contributing to national growth and development. The SME accounts – which are in two variants – FirstSME Classic and FirstSME Deluxe – are

All Shoprite, Checkers & Usave Stores Now Accept Cash Deposits for Major SA Banks

Posted on by Staff Writer | 4348 Views | 7 min read

Customers can now deposit cash directly onto their bank card at the till point in any Shoprite, Checkers or Usave store. Together with other established in-store services like cash withdrawals, money transfers, and bill payments, this new functionality means shoppers can now perform most basic banking tasks at all supermarkets within the Shoprite Group. Cash

Top Egyptian Bank Selects Temenos to Transform Digital Banking in Egypt

Posted on by Staff Writer | 4315 Views | 17 min read

Temenos’ digital banking platform will help Suez Canal Bank drive sustainable growth and financial inclusion in country where more than 40 million are unbanked Powered by Temenos Infinity, Suez Canal Bank to reimagine the digital customer experience for its retail, corporate and Islamic banking services; Temenos’ (www.Temenos.com) digital banking platform will help Suez Canal Bank

Investec Mauritius: An Out of The Ordinary Technology Journey

Posted on by Staff Writer | 4128 Views | 46 min read

How does an organisation constantly deliver client satisfaction in an era of rapidly changing needs? This is a question that Investec Mauritius has answered. Investec Mauritius has an online banking platform built around its clients’ distinctive needs, with exceptional security, easy-to-use applications and intuitive self-service all synthesising to create client satisfaction. However, this is not

GEPF Reappoints Standard Bank to Provide Master Custody and Additional Services for its R2 Trillion Portfolio

Posted on by Staff Writer | 3779 Views | 9 min read

South Africa’s Government Employees Pension Fund (GEPF), the largest pension fund in Africa, has reappointed Standard Bank to provide a comprehensive range of investor services product and service solutions for its portfolio of assets currently worth over R2-trillion. This follows the conclusion of the most recent five-year contract between the parties. Under the new agreement,

SARB | Consultation Paper on the Feasibility of Establishing a Domestic Card Scheme in South Africa

Posted on by Staff Writer | 3899 Views | 4 min read

The South African Reserve Bank recently launched a consultation paper on the feasibility of a domestic card scheme. According to their consultation paper, the purpose of this consultation paper is to obtain opinions, views, and suggestions on the feasibility of establishing a domestic card scheme and to request stakeholders to complete a questionnaire in this

Open Banking a Global Revolution in Progress, Finds Economist Intelligence Unit Report for Temenos

Posted on by Staff Writer | 3078 Views | 12 min read

● Nearly half (45%) of global banking executives are set on transforming their business models to become digital ecosystems ● Open bank hub initiatives, giving customers the option to connect their bank data with third-party providers, is the second most chosen innovation strategy globally, cited by 29% of respondents ● This independent report discusses open