MFS Africa and WorldRemit Partner to Expand Mobile-to-mobile Remittances in Africa

Posted on by Staff Writer | 32157 Views | 10 min read

Leading digital money transfer service WorldRemit continues its rapid expansion in Africa, launching new international mobile money services through a partnership with pan-African fintech MFS Africa. This launch brings WorldRemit’s mobile money service to 5 new countries via Airtel in Malawi and Niger, Orange in Madagascar, Vodacom in Mozambique, and MTN in Guinea. WorldRemit’s mobile-first,

FinTech Ecosystem in South Africa: Accelerating the Digital Transformation of Banking & Financial Services

Posted on by Staff Writer | 3810 Views | 18 min read

The impact of Digital Banking, Blockchain, AI, Mobile Money, Digital Wallets and Payment innovations are radically transforming the financial services landscape as FinTech disruptors intensify the challenge to Incumbent Banks in Africa and kickstart new growth opportunities. Africa’s financial services landscape continues its dynamic evolution as the rapid growth of FinTech on the continent drives

First Bank of Nigeria Promotes Financial Inclusion through Digitisation in Sub-Saharan Africa

Posted on by Staff Writer | 21522 Views | 9 min read

First Bank of Nigeria Limited has announced its organisation of a Joint Seminar with sub-Saharan African Banking and Telecom Regulators to promote financial inclusion through digital innovations in sub-Saharan Africa. The event which was held in Lagos recently was themed “Advancing ePayment and Digital Innovations in Africa- Evolution of Nigeria’s Payment Systems”. The seminar was

Consumers are Showing a Strong Appetite to Save, According to FNB

Posted on by Staff Writer | 3770 Views | 10 min read

FNB has revealed that South African consumers are showing strong appetite to save after its customers initiated nearly 20 000 savings goals in just a few days since the launch of the Savings Goals feature on the Bank’s App. To date, some of the top Savings Goals that have been chosen by consumers include: saving

ACI Worldwide Powers Digital Innovation and Financial Inclusion for Egyptian Banks Company

Posted on by Staff Writer | 4594 Views | 10 min read

Egyptian Banks Company enters new phase of long-standing relationship with ACI as it prepares for launch of national payments scheme. ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, has announced that Egyptian Banks Company (EBC) has completed its transition to the latest version of ACI’s UP Retail Payments solution. EBC,

Selcom Launches Agency Banking Service under Qwikserv Brand

Posted on by Staff Writer | 3955 Views | 12 min read

Following months of intensive research and development, Selcom, Tanzania’s leading provider of financial technology and processing services, has formally launched its shared-agent Agency Banking service under the Qwikserv brand. Qwikserv, as the name suggests, has been designed for participating banks’ customers with the objective of quickly and effortlessly providing accessible touch points for essential banking

Vodacom Launches VodaPay Masterpass App for Digital Payments

Posted on by Staff Writer | 4220 Views | 12 min read

Want to top with up with mobile data in a matter of seconds, grab that purchase and go, or pay your bills from the comfort of your couch? You’re not alone. Today people are living an increasingly digital – and mobile – life and they expect their ability to pay for their needs and wants

Corporate Treasurers in EMEA are Looking Beyond their Banks for Innovation, According to Finastra

Posted on by Staff Writer | 2733 Views | 15 min read

New research highlights need for banks to embrace Open Banking-enabled consortia business models 70% of corporate treasurers believe that a shift from bank to non-bank services will take place within their organizations over the next two to five years 74% of corporate treasurers believe access to real-time payments reporting is the key treasury opportunity for

Ithmaar Bank invites Bahrain FinTech and Startups to Explore Open Banking Opportunities

Posted on by Staff Writer | 3496 Views | 12 min read

Ithmaar Bank, a Bahrain-based Islamic retail bank announced that it is fully compliant to meet the Kingdom’s open banking standards. To achieve participation of all stakeholders in this path breaking initiative, it is important for the businesses to participate with banks. With the need to on-board the businesses and provide opportunities and possible collaboration, Ithmaar

Tanzania Issues New Rules to Tighten Foreign Currency Exchange Controls

Posted on by Staff Writer | 3709 Views | 9 min read

Tanzania has tightened its currency controls with new regulations on foreign exchange bureaus, in what authorities say is an ongoing fight against money laundering and currency speculation. The new rules, published Monday by the central bank, come months after the government revoked the licences of around 100 bureaus and temporarily shut a newspaper for using