The Battle of the Banks in Customer Loyalty and Satisfaction Stakes Hits a High in Digital COVID Economy

When South Africa entered into a hard and extended national lockdown on 27 March 2020, banks responded rapidly and empathetically to their account holders' financial crisis. According to the Banking Read More →

FirstBank Promotes Cross Border Payments in Sub Sahara Africa with First Global Transfer

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced the launch of First Global Transfer (FGT) to promote international transfer of funds across its Read More →

Absa Earnings Decline; 7% Pre-provision Profit Growth Indicates Positive Underlying Performance

Absa Group Ltd., one of Africa’s largest financial services provider, has reported a 51% decline in normalised headline earnings to R8 billion after impairments nearly trebled to R20.6 billion amid Read More →

Mukuru Partners with Humanitarian Organisations to Deliver Cash Payments to the Most Vulnerable

Move to aid cash payments The new product line is the result of a trifecta of change in the humanitarian and money transfer sectors.
  1. An upswing in the volume of aid Read More →

Nedbank’s ‘Tap-on-phone’ – a first in Africa – Empowers SMMEs with Safe and Secure Contactless Payments

At the height of the global Covid-19 pandemic, Nedbank became the first bank to offer small, medium and micro enterprises (SMMEs) the ability to turn their cellphones into a payment Read More →

$1.3 Million Grants Approved for Two Research Efforts to Enhance Women’s Digital Access to Loans and Micro-insurance

The African Development Bank has approved two grants for research that will increase African women’s access to a range of digital financial services including loans and micro-insurance. The grants, for $1 Read More →

Ethiopia: African Development Bank approves $2.33 Million Grant to Support the Modernization of Electronic Payments Infrastructure

The Board of Directors of the African Development Bank has approved a grant of $2.33 million to EthSwitch Share Company, an initiative led by National Bank of Ethiopia, for the Read More →

SA Fintech firm Adumo gets R225m Investment to Expand Digital Payment Solutions in Africa

South African fintech group Adumo have announced R225 million ($15 million) in new funding from IFC, a member of the World Bank Group, and the IFC Financial Institutions Growth Fund Read More →

South Africans Can Now Buy Now and Pay Later (Zero Interest) at Africa’s Largest Digital Mall

South Africans can now shop online and pay later, interest-free over six weeks. Payflex has brought the buy now pay later shopping phenomenon to South Africa following its extraordinary popularity in Read More →

Women Entrepreneurs are Making Progress in South Africa, but Challenges Persist – Mastercard Index

While women entrepreneurs are making strides to overcome gender-related biases and advance their businesses in South Africa, they still face several structural and social obstacles, many of which have been Read More →

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