Prepaid cards are fast-emerging as a preferred transaction instrument among international travellers due to the inherent protection they offer to customers from currency fluctuations. With growing adoption, the role of prepaid cards has expanded from being a mere store of value to include added value functions such as loyalty, card controls, expense management and budgeting.
With Africa fast becoming a global leader in the agtech space, MoData’s value propositions offer smart solutions for the sector. Agriculture has always been key to Africa’s economic growth. It accounts for 14 per cent of Africa’s GDP, 52 per cent of the continent’s workforce, and 70 per cent of the population’s livelihoods. New research
Digital Wallets have become an entry point for consumers to engage with financial services and they create new opportunities to target the underserved banking population This Whitepaper, authored by Omdia (www.Omdia.com) and commissioned by CR2 (www.CR2.com), discusses the rise of digital wallets and how mobile wallets have successfully targeted the underserved banking population and offers
An estimated 23.5% of South Africans are unbanked*, which brings several personal and economic disadvantages. In a concerted effort to change this situation, MiVoice, the world’s first fully mobile HR management solution for domestic employees, has designed South Africa’s first genuinely free digital wallet. According to the World Economic Forum, the fee structure of South
Capabilities will enable industry-leading digital banking experiences for financial institutions of all sizes Fiserv, Inc., a leading global provider of payments and financial services technology solutions, has introduced enhanced Fiserv Digital capabilities for integrated digital banking and card management. This enriched, mobile-first suite will enable financial institutions to offer their consumer and business customers an
Retail Lending and Commercial Express components add to advanced digital banking functionality available on FIS’ flagship cloud-based core banking platform. Since launch in 2020, FIS Modern Banking Platform has grown to more than 60 advanced components through the platform’s ecosystem of FIS and third-party offerings. As a growing number of financial services organizations choose FIS
SA’s SMEs have not been able to easily access international trade finance. A local fintech spotted the gap and figured out how to offer international trade finance effectively to this market segment. It’s a complicated niche that requires knowledge of regulation, compliance and forex. Traditional lenders have neglected finance for small businesses due to the high
Written by Head: SA Distribution for International Personal Banking at Standard Bank Spending in another currency can get expensive and complicated. Not all South African cards are accepted abroad, and those that do come with the caveat of hidden fees tied into every purchase. Any small movement in the rand can also affect the price of
The concept of platforms is nothing new. Our railways, phone networks and even our shipping industry are all examples of networks which operate under agreed universal standards and can be described as platforms. Today, we participate on tech platforms every day when we use services like Airbnb and Uber or shop on eBay and Amazon.
The loan proceeds will be used mostly to fund their general corporate projects A USD 20M loan has been successfully signed between The Mauritius Commercial Bank Limited (MCB) (www.MCB.mu) and Bank of Kigali Plc on 26 July 2021. The aim of this loan is to provide additional liquidity to Bank of Kigali Plc over a
