Pan African Payment and Settlement System (PAPSS) and African Securities Exchange Association (ASEA) Forge Strategic Partnership to Revolutionize Cross-Border Payment of Stock Exchanges in Africa

Posted on by Staff Reporter | 10393 Views | 14 min read

African Export and Import Bank (Afreximbank) and the African Continental Free Trade Area (AfCFTA) Secretariat developed PAPSS, which enables instant cross-border payment in local currency The Pan African Payment and Settlement System (PAPSS) and the African Securities Exchange Association (ASEA) have signed a Memorandum of Understanding (MoU) to enhance collaboration and cooperation in promoting cross-border

Preparation for Discontinuation of Cheques in Botswana

Posted on by Staff Reporter | 5625 Views | 3 min read

The Bank of Botswana and the Bankers’ Association of Botswana hereby remind the public that as per the previous public notice(s), the Botswana Automated Clearing House (BACH) will cease to accept cheques for clearing as at December 31, 2023. Accordingly, the use of cheques as a means of payment in Botswana will be discontinued by

Yellow Card Receives First-Ever African Crypto License

Posted on by Staff Reporter | 7739 Views | 13 min read

The licence, in accordance with Section 11 of the Virtual Asset Act, 2022, was issued by the Non-Bank Financial Institutions Regulatory Authority [NBFIRA] Pan-African cryptocurrency leader, Yellow Card (www.YellowCard.io) has made another significant stride in the industry, becoming the first cryptocurrency company on the continent to be granted a Virtual Asset Service Provider licence to

Sage Brings Award-Winning Sage Intacct to Namibia, Botswana and Mauritius

Posted on by Staff Reporter | 12832 Views | 18 min read

Supporting visionary CFOs and finance professionals with a new cloud financial management platform  Sage (https://www.Sage.com/en-za/), the leader in accounting, financial, HR, and payroll technology for small and medium-sized businesses, launched Sage Intacct in Namibia, Botswana and Mauritius today. The award-winning cloud financial management solution provides finance teams with the insights and automation they need to

Cellulant Partners with Orange Money to Power Card to Wallet Transfers for 8 Banks in Botswana

Posted on by Staff Reporter | 14954 Views | 16 min read

This partnership enables customers to move funds from their bank accounts through their cards straight into their Orange Money wallets  Orange Money, the mobile money service of Orange and leading Pan-African payments company, Cellulant (www.Cellulant.io), have launched a partnership to enable card-to-wallet transfers for 8 banks in Botswana. The Orange Money Card-To-Wallet service (https://bit.ly/3ex927w) in

FMBcapital Holdings Group records Robust Growth and Performance

Posted on by Staff Reporter | 18685 Views | 12 min read

FMBcapital Holdings Plc (FMBCH) announced further positive performance in the first half of the 2022 financial year, with a very strong growth in profit after tax (93% growth to US$25.2m on 2021 first half). The interim period of 2022 followed through strongly on concerted efforts from 2021, and saw the Group’s banking operations in Botswana,

Paysend Introduces 50 New Receiving Countries to its Global Payments Network

Posted on by Staff Reporter | 52310 Views | 6 min read

Paysend, the UK-based fintech with over 7 million customers, today announces that 50 new receiving countries have been introduced to its global payments network since the start of 2022. These additional payments corridors mean that Paysend customers can now send money to over 170 countries worldwide. Notable additional countries supported by Paysend include: Antigua and

Colombia Real-Time Payment Platform Replicates Latin America Success in Africa

Posted on by Staff Reporter | 41119 Views | 20 min read

Established Colombian fintech firm Minka has announced that it plans to repeat the success of its Latin America-based real-time payments system across Africa, accelerating and easing the movement of money across the continent and improving financial inclusion. Minka is a seamless payment network that enables organisations to move money in real-time. It simplifies the movement

Absa And Puresoftware Partner To Launch Digital Wallet, Spark By Absa

Posted on by Staff Reporter | 9247 Views | 10 min read

Absa Group Limited (AGL), in partnership with PureSoftware, have launched a digital wallet, Spark by Absa in Botswana. In addition, AGL have successfully migrated their Timiza mobile banking offering in Kenya to the Arttha platform powered by PureSoftware. Spark by Absa is an innovative bank account that lives outside the traditional bank branch and is

Carrick Wealth Announces Bold Africa Expansion

Posted on by Staff Reporter | 14718 Views | 9 min read

Carrick Wealth is excited to announce the addition of two African jurisdictions to its international footprint. Pending final approval of licences, Carrick will be opening offices in Kenya and Zambia next year as well has reengaging our license in Botswana. Added to Carrick’s already-established presence in South Africa, Mauritius, Malawi, and Zimbabwe, the new offices