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SABRIC: Release of Card Fraud Statistics 2017

SABRIC, the South African Banking Risk Information Centre, on behalf of the banking industry has released its Card Fraud Stats for 2017 which reflect an overall decrease in card fraud. Read More →

FNB Unveils a Mobile Bank Account for Unbanked, Underbanked Consumers

First National Bank (FNB) announced the launch of eWallet eXtra, a mobile bank account that allows unbanked and underbanked South African consumers to use a feature phone or a smartphone Read More →

Finteq Partners with Zimswitch to Deliver a Domestic Interbank Payment System

Leading Software development company, Finteq have announced a giant leap forward for Zimbabwe’s payment system. The company’s most recent deal is with Zimswitch Zimbabwe in order to facilitate the delivery of Read More →

Tigo Tanzania Achieves Global Mobile Money Certification

Tigo Tanzania’s mobile financial services business, Tigo Pesa, has received the GSMA Mobile Money Certification, recognizing Tigo’s ability to deliver safe, transparent, reliable and more resilient services that promote consumer Read More →

BankservAfrica Processes Record Volume of Electronic Transactions in March

BankservAfrica, Africa’s largest automated payments clearing house, cleared the highest volume of electronic funds transfers (EFTs) on record in March of 89 million and at a value of R847 billion. Most Read More →

PayGate Re-brands, Extends Reach into Africa

In a further move to optimise its service offering, DPO Group (Direct Pay Online) will be rolling up its Southern African payment service providers (PSPs) into the consolidated brand of DPO PayGate. In August 2017, Read More →

PayPal, Safaricom and TransferTo Announce Collaboration in Kenya

PayPal and Safaricom announced a revolutionary collaboration that enables Kenyans to seamlessly move money between their M-PESA and PayPal accounts. The new service eliminates significant barriers that have hindered consumers Read More →

AlphaCode Calls on SA to Become a Fintech Centre of Excellence

“Now that the South African Reserve Bank (SARB) has established a fintech programme to track and analyse developments, South Africa has all that is required to become a fintech centre Read More →

Capitec Releases Results for Year End February 2018

Capitec Bank’s most recent annual financial results for the year ending February 2018 shows that the bank’s strategy to grow its active client base to nearly 10 million – with Read More →

Fintech Providers are Enabling Financial Institutions in Rwanda to Accelerate their Digital Transformation

Speakers at the International Conference on Responsible and Inclusive Finance (ICRIF) held in Kigali on 21 March urged Rwandan microfinance institutions (MFIs) to embrace new-age technology to streamline their operations Read More →

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