Grey Raises $2M to Simplify Cross-Border Payments Across Africa

The service offered by Grey enables its customers to have virtual international bank accounts for free and enjoy a seamless foreign payment process Grey (https://Grey.co), a fintech started by two Nigerians to simplify sending and receiving foreign payments for Africans, has raised $2 million in seed funding. The service offered by Grey enables its customers

Ukheshe and Paycorp Boost Cardless Cash Withdrawals at Cash Express Branded ATMs

More cardless ATMs with greater functionality are now available to more people thanks to the ongoing partnership between leading fintech enablement partner, Ukheshe, and leading global payments provider, Paycorp. The partnership sees ATM Solutions, a division of Paycorp, which owns and operates over 4000 Cash Express branded ATMs, add rich embedded functionality to its fleet

FIS to Modernize Real-Time Payments Infrastructure and Central Bank Digital Currencies for Countries Around the World

FIS is now offering a central infrastructure payment solution through RealNet™ Central, which enables countries to modernize or build their own real-time payments network. Additionally, FIS is launching a Central Bank Digital Currencies (CBDC) Virtual Lab that will allow countries to experiment, pilot and accelerate live CBDC implementations. With real-time payments increasing, many countries must

Absa Corporate and Investment Bank selects TCS BaNCS to reimagine its Custody Business

Tata Consultancy Services (TCS) announced that Absa Corporate and Investment Bank has selected TCS BaNCS™ Global Securities Platform to transform and modernise its investor services offerings and enrich customer experience across the trade and corporate actions lifecycle in South Africa. Absa Corporate and Investment Bank is a service leader in the African capital markets industry,

Fierce Competition Continues in Dynamic Self-Checkout Market

2021 saw another record year of self-checkout shipments, with 200,000 units delivered worldwide Vibrant market sees new entrants Shipments of self-checkout units increased by 11% last year, according to Global EPOS and Self- Checkout 2022, a new study by strategic research and consulting firm RBR. Alongside sustained demand for self-checkout in the grocery sector, an

Absa Expands Digital Payment Options With Google Wallet™

Absa has expanded its digital payments universe with Google Wallet™, amid rapidly growing customer demand for convenient, innovative and secure digital payment options. “Following record increases in contactless card volumes last year, with debit and credit card usage surging by 231% and transaction volumes rising by 180%, customer demand for reliable contactless wallet payment and

Equity Bank Inks Deal with NALA to Enable Kenyans in UK and USA Send Money Back Home

The partnership will allow Kenyans living in the UK and US to send money directly from their banks, through the NALA app, instantly and at the most competitive rates to Equity Bank Kenya accounts and other mobile wallets Equity Bank Kenya has signed a partnership with NALA Payments Limited, a remittance payment processing platform licensed

Anchor, a Banking-As-A-Service Platform Joins Y Combinator’s Summer 2022 (S22) Batch, Announces the Launch of Public Beta

Anchor is launching its public beta API infrastructure to make it easier for African businesses to build, embed and launch financial products  Anchor (https://getAnchor.co/), a banking-as-a-service (BaaS) platform making it possible to seamlessly build financial products in Africa announces its public beta launch. The startup was also accepted into Y Combinator Summer 2022 Batch as

Global Retail Brand LC (Les Copains) Waikiki Joins the Tingg by Cellulant Digital Payment Ecosystem in Zambia

LC Waikiki customers will now be able to make payments seamlessly via mobile money in all their branches in Zambia  Cellulant (www.Cellulant.io) Zambia has signed a partnership agreement with leading fashion retailer LC Waikiki, which will enable customers to make payments from all LC Waikiki stores across Zambia through the Tingg digital payment platform. As

SBV Services (PTY) Limited Business Review 2021 – 2022

We continue to strengthen our position as the trusted partner to the banks and the central banks, a provider of essential cash services to the countries that we serve, and as a leader in risk management. As we continue this journey, we can proudly attest to the closing of another successful financial year ending June