Arise has become a shareholder of reference in Ecobank Transnational Incorporated (ETI) with a c.14.1 percent stake Ecobank Transnational Incorporated (“ETI”) announces that IFC and the funds managed by the IFC Asset Management Company (“AMC”) have completed the sale of their c.14.1 percent stake in ETI to Arise B.V. (“Arise”). Accordingly, Arise has become a
Applications for the Global Fintech Hackcelerator @ Southern Africa are open. The South African Reserve Bank calls fintech firms to submit their innovative and sustainable solutions to challenges identified within the financial services industry. The South African Reserve Bank (SARB) has launched the 2019 Global Fintech Hackcelerator @ Southern Africa competition. The Global Fintech Hackcelerator,
Consumers are embracing the technology offered by virtual cards, as Standard Bank starts to see the benefits of online shopping ecosystem, nine months after the launch its virtual card proposition. In the past nine months, virtual card payments have increased by more than 300%, though they started off at a very low base. A virtual
Mastercard and Bahrain’s leading electronic financial transactions network, BENEFIT, will enable banks to send and receive cross-border business-to-business payments on a secure, private and direct network Blockchain technology will strengthen authenticity, improve efficiency, turnaround time and certainty of such payments Bahrain’s Electronic Network for Financial Transactions (BENEFIT), and Mastercard have partnered to launch a pilot
Headline earnings: R13 361 million, up 6% Headline earnings per share (HEPS): 837 cents, up 5% Dividend per share: 454 cents, up 6% Common equity tier (CET) 1 ratio: 14.0% (1H18: 13.8%) Net asset value (NAV) per share: 10 511 cents up 8% Return on equity (ROE): 16.2% from 16.8% Cost-to-income ratio: 57.0% (1H18: 57.6%)
New European PSD2 requirements significantly impact how European consumers and businesses buy and sell online—ACI’s UP solutions with real-time, multi-layered capabilities help businesses to lower fraud rates while providing a frictionless checkout experience ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, announced a number of tools and solution updates to
Ayo Adepoju was appointed as the Acting Group Chief Financial Officer in April 2019 Ecobank Transnational Incorporated, ETI, the Lomé-based parent company of the Ecobank Group, announces that Ayo Adepoju has been appointed as Group Chief Financial Officer, with immediate effect. As a member of the Group Executive Committee, he will report directly to the
The Prudential Authority (PA) has imposed administrative sanctions on Sasfin Bank Limited (Sasfin Bank) for non-compliance with certain provisions of the Financial Intelligence Centre Act 38 of 2001, as amended (FIC Act). The FIC Act mandates the PA, in terms of section 45, to supervise and enforce compliance with the provisions of the FIC Act
UnionPay International (UPI) has announced significant progress in the South African retail payments market through their co-operation with Pick n Pay and Absa Bank. Through a tripartite co-operation agreement, Pick n Pay, a major food, clothing and general merchandise retailer, is now enabled to accept UnionPay cards at all of its till points across its
Nana Araba Abban held several senior positions with Standard Chartered Bank, Royal Bank of Scotland and other institutions Ecobank Transnational Incorporated, ETI, the Lomé-based parent company of the Ecobank Group, announce appointment of Nana Araba Abban as Group Consumer Banking Head with immediate effect. Nana will be a member of the Group Executive Committee and
