By Karen Nadasen, CEO of PayU South Africa The Bill and Melinda Gates Foundation identified five key ways that African countries can include more than 400 million people into the digital economy, with one of the key themes being the importance of exploring a pathway to open banking. Open banking promotes fairness, competition and innovation
SD-WAN, as a next-generation technology and service, can help banks connect their branches and promote smart branch upgrades by constructing a powerful network I see it as Lego blocks where the bottom layer is a strong technology foundation that gives us a platform to offer cutting-edge digital solutions to our customers. A strong, resilient network
Equity clinched top position in Best Bank in COVID-19 Response and Best Bank in SME Financing award categories and 1st Runners-Up in Best Overall Bank Equity Bank Kenya has been recognized by the Kenya Bankers Association (KBA) at the 2021 SFI Catalyst Awards for its efforts in championing sustainable finance initiatives in support of the region’s
SD-WAN, as a next-generation technology and service, can help banks connect their branches and promote smart branch upgrades by constructing a powerful network “I see it as Lego blocks where the bottom layer is a strong technology foundation that gives us a platform to offer cutting-edge digital solutions to our customers. A strong, resilient network
Mastercard and Ecobank Group will deploy Mastercard Farm Pass, an award-winning, innovative solution that helps connect smallholder farmers to financial and agricultural ecosystems Mastercard Farm Pass will be rolled out leveraging the 33 countries where Ecobank has banking operations, helping millions of smallholder farmers gain digital access to markets, quality inputs, financial services, and real-time
Equity Group Holdings Plc through Equity Bank (Kenya) Ltd. has entered into an Assets and Liabilities Purchase Agreement with Spire Bank for purchase of certain assets and liabilities Equity Bank will take on Spire Bank’s 20,000 existing depositors with a deposit of approximately Kshs 1,322Million and approximately 3,700 loan customers with a loan book of
Sub-Saharan African credit provider Unifi is enabling its clients to apply for short-term personal loans and have the money in the bank within minutes. Their impressive speed puts Unifi a few steps ahead of similar products in this space and makes life easy for customers in underserved markets. “While all our customers are formally employed,
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
Growth of digital business with 99% of transactions happening outside the branch Growth of profit after tax, 36% Growth in Net loans to customers, 29% Growth in Net Interest Income, 28% Growth in Non-Funded Income 23% Growth in Total Assets, 19% Out of Kshs 171.4 billion Covid restructured loan book, Kshs 46.6 billion has been
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
