MCB is one of the founding signatories of the Principles for Responsible Banking, pledging to strategically align its banking activities with the Sustainable Development Goals and the Paris Agreement on Climate Change. These Principles for Responsible Banking are a joint initiative of banks, in particular, 30 founding institutions and the United Nations, through the UNEP
New short-term finance launched to help merchants cash in on Festive sales. Local Payment Service Provider, PayGate has partnered with Retail Capital to provide businesses with short-term working capital. The co-created Easy Advance product will allow merchants to gear up to take advantage of the approaching Black Friday and Festive Season opportunities. “Over the last
We are pleased to announce that the Minister of Finance and other Regulatory Authorities have formally approved Capitec’s purchase and acquisition of Mercantile Business Bank. This is an exciting timing for both Capitec and Mercantile and brings new opportunities as we build Capitec’s Business Banking offering off the “firm foundation” of Mercantile. Why did we
In partnership with mobile operators, financial institutions and merchants, Juvo aims to build financial profiles for the 68% of adults worldwide who have no formal credit history Juvo, a pioneer of financial identities for the underbanked, unveils Financial Identity as a Service (FiDaaS). FiDaaS is a technology suite that builds financial identities by utilizing alternative
The migration to ISO (International Organization for Standardization) 20022 could be a quantum leap for payment processing. Don’t be fooled by the tech-speak in its title—ISO 20022 is on track to become the biggest revolution in the payment sector since the launch of the Single Euro Payments Area (SEPA) 10 years ago. So, what do
The top 12 innovative and sustainable fintech solutions have been shortlisted for the Global Fintech Hackcelerator @ Southern Africa. The South African Reserve Bank (SARB) will host a Fintech Demo Day on 29 October 2019 to select the two winning solutions. In August 2019 the SARB joined forces with KPMG Matchi to run the 2019
Standard Bank, Africa’s largest bank operating in over 18 African countries as well as in Asia, Europe, North America and South America, have partnered with iiDENTIFii, a Cape Town-based technology company that enables remote biometric digital authentication and automated onboarding. By deploying the world-leading iiDENTIFii solution across the bank’s existing product and service offerings, Standard Bank
In an effort to drive financial inclusion, Centenary Bank the leading Microfinance Bank has made tremendous strides in extending financial services to the unbanked communities through authorised Agents who offer the same services offered by the bank. Following the enactment of the Financial Institutions Act 2017, Bank of Uganda has spearheaded financial inclusion of the
SA’s leading retail bank has again produced a solid set of interim results. Their affordable banking solution that is simple to understand, transparent and helps clients improve their financial lives continues to resonate with consumers from all walks of life. Capitec obtained an average client growth of almost 200 000 clients per month over the
To transform bank cards into vectors of change in favour of the environment. That is MCB’s chosen vision, through the implementation of its “Your card for change” program launched earlier this year in May. Through this programme, MCB donates 10 cents, for each transaction made with a debit card, to a fund destined to the
