There are several exciting trends emerging that will shape the way businesses and consumers process payments worldwide A global payment processing system is a network that enables financial institutions to process cross-border payments. It allows for currency exchange between banks and other financial institutions across borders. The system is used by businesses and individuals to
In the midst of a global economic downturn with a global GDP growth rate projected at 2.9% for 2023, with a downside growth outlook as a result of sticky stubborn inflation, elevated interest rates, turbulence in exchange rates, and a financial crisis, Equity Group has reported-: A 33% growth in dividend payout of a record
Equity ranked 4th strongest banking brand globally on brand strength, scoring 92.4 points out of 100 The Bank is the 3rd strongest bank in Africa, strategically representing the East and Central African region in the rankings Equity also ranked 291 in the top 500 most valuable banking brands in the world with a brand value of USD 531.7 million
Under the agreement, DTB will leverage Mastercard’s technology to enable fintechs to issue their own card propositions Diamond Trust Bank (DTB) and global technology company Mastercard today announced a strategic agreement that will enable the bank to provide payment cards to tech-enabled companies including fintechs in Kenya. The Agreement, a first of its kind in
The adage ‘jack of all trades, master of none’ is apt for enterprises considering expansion into new African markets. Anthony Karingi, Vice President of Business Development – East Africa at leading fintech enablement partner Ukheshe, says the company is taking a collaborative approach to its regional expansion strategy – and is already reaping the benefits.
Josephine replaces Cheikh Travaly who retired in December 2022 after 21 years at the Bank She is a career banker with over 30 years of experience within the Ecobank Group She joins as the former Ecobank Group Executive for Commercial Banking Ecobank Transnational Incorporated (ETI) has appointed Ghanaian career banker, Mrs. Josephine Anan-Ankomah as the
Equity customers can now send and receive money conveniently through Western Union straight from their phones. The Bank’s digital strategy has seen it enhance its digital banking experience, while creating more convenience and accessibility for customers. Equity has integrated Western Union services on its Equity Mobile App and Equity Online banking suites as part of
BOSS Money Customers across Africa will be able to Receive Money Transfers Directly into their Boss Money Wallet from Family and Friends in the U.S. IDT Corporation, a global provider of fintech, cloud communications, and traditional communications services, announced today that it is rebranding its Africa-based Leaf Wallet app to IDT’s flagship financial services brand,
The transaction was completed on 31st January 2023 following receipt of regulatory approvals. Equity Bank Kenya will acquire approximately 20,000 deposit customers and 3,700 loan customers. Equity Bank (Kenya) Limited (EBKL), has completed the acquisition of certain assets and liabilities of Spire Bank Limited following receipt of regulatory approvals from the Cabinet Secretary Treasury and Planning
Star brands are those that have achieved milestones, have a history of success, and, most importantly, have established themselves as trendsetters for newcomers to the industry Pan-African payments technology company, Cellulant (www.Cellulant.io/), was named as the ‘Top Payments Gateway Brand in Kenya” at the Top Star Brand Awards 2022. This award recognises Cellulant as a
