Unleashing Economic Potential: The Soaring Growth of Cross-Border Payments in Africa – Synthesis

Posted on by kara | 41553 Views | 22 min read

By Arthi Narayanan, Lead Payments Consultant at Synthesis The pivotal role of digital accessibility for goods and services has become abundantly clear over the past few years. The global economy, now more than ever, relies on the seamless flow of transactions across borders. Whether it involves individuals, businesses, or financial institutions spanning different countries, the

Sustainable Account in Africa – Standard Chartered Kenya

Posted on by kara | 15294 Views | 8 min read

Standard Chartered Kenya has today announced the launch of its first Sustainable Account in Africa, in response to growing momentum in the sustainable finance arena. Aligned to Standard Chartered’s commitment to enhance access to sustainable finance, the Sustainable Account provides clients an opportunity to participate in sustainable development by having surplus cash referenced against Standard

Shaping the Future of Banking in Africa With EFT Corporation

Posted on by kara | 52064 Views | 17 min read

Last year, the World Economic Forum called Africa the “world leader” in digital and mobile banking. There’s no doubt that banking in Africa has undergone significant changes in the last few years and that it will continue to change and grow in the coming years. How can business leaders prepare for this? How has the

Absa Bank Partners With Visa to Launch Superior Card Payment Offering for Travel Agents and Businesses

Posted on by kara | 35470 Views | 15 min read

Absa Bank Kenya, in collaboration with Visa, a world leader in digital payments, has introduced the Visa Commercial Choice Programme, a new Corporate Card solution targeting members affiliated with the Kenya Association of Travel Agents (KATA), allowing them the benefits of automation, flexibility and better cash flow management. Under this partnership, travel agents under KATA

I&M Bank (Rwanda) Plc. And Network International to Collaborate on Accelerating Digital Payment Transformation in Rwanda

Posted on by kara | 17288 Views | 9 min read

I&M Bank (Rwanda) Plc., the oldest bank in Rwanda and licensed by the Central Bank of Rwanda, and Network International, the leading enabler of digital commerce across the Middle East and Africa, have signed a strategic partnership to provide advanced digital payment solutions in support of the bank’s efforts to boost the country’s financial inclusion

Unlimit Secures Payments Licence in Tanzania and Further Expands Presence in Africa

Posted on by Staff Reporter | 39612 Views | 7 min read

Unlimit, the global fintech company, today announced its entry into the Tanzanian market and the receival of the Bank of Tanzania (“BOT”) licence, marking another significant step in the company’s expansion within the region. The approval of Unlimit as an authorised payment service provider by the BOT will allow the fintech to provide a range

Equity Group Ranked the World’s 2nd Strongest Banking Brand

Posted on by Staff Reporter | 23677 Views | 18 min read

Equity Group, East and Central Africa’s largest financial institution, has fortified its position as one of the strongest banking brands globally by scoring highly, in the 2024 Brand Finance’s Brand Strength and Brand Value rankings. In its third consecutive appearance in the Brand Finance Banking 500 rankings, Equity climbed from 4th position in 2023 to

Don’t Let Innovation Be a Casualty of Rapid Digital Transformation – Network International

Posted on by Staff Reporter | 22250 Views | 21 min read

While there is no doubt that banks around the world fast tracked their digital transformation plans as a result of the pandemic, a report from Accenture posits that the rapid growth in digital services may have negatively affected innovation in the sector. In order to overcome this and truly innovate for the customer, local banks

ACCOSCA and Visa Launch a Project to Boost Financial Inclusion in Kenya and Tanzania

Posted on by Staff Reporter | 15455 Views | 15 min read

In a bid to improve the access and usage of formal financial services among underserved communities and small businesses in Kenya and Tanzania, ACCOSCA (the African Confederation of Co-operative Savings and Credit Associations) and Visa, a global leader in digital payments, have partnered to launch the Financial Inclusion in Kenya and Tanzania (FIKT) project. The

Standard Chartered Kenya Refreshes Focus on Growing Medium Enterprises Segment

Posted on by Staff Reporter | 24941 Views | 9 min read

Standard Chartered Kenya has announced a comprehensive suite of products for the Medium Enterprise segment as it responds to increasing demand for more sophisticated needs from its clients. The Bank will leverage its strong global network to serve the clients, tapping into enhance demand for trade in key corridors across Africa, Middle East, Asia, and