Domestic networks continue to drive financial inclusion worldwide but face an ongoing challenge to stay up-to-date on card functionality and flexibility 2% of all card expenditure is through local payment networks RBR’s Global Cards Data and Forecasts to 2027 study found that the share of spending made on domestic network cards was unchanged at 2%
dLocal’s ability to directly process local payments will enable international merchants to accept payments, regardless of the platform, benefiting buyers and sellers dLocal Limited (NASDAQ: DLO, “dLocal”), a technology-first payments platform enabling global enterprise merchants to connect with billions of consumers in emerging markets, today announced the Central Bank of Kenya and the National Bank
The Bank of Mauritius (Bank) wishes to draw the attention of the public regarding the misuse of debit cards and One-Time Passwords (OTPs) for internet banking and online transactions. These cases relate to a form of money laundering known as “money muling”. Money muling is a criminal activity whereby fraudsters (usually phishers) entice people, often
Ecobank, the leading pan-African banking Group, through its representative office in Ethiopia, has partnered with Ethiopia’s Dashen Bank to enable Ethiopians living in the diaspora, specifically Europe, to send money instantly to any Dashen Bank account, other local bank accounts, mobile money wallet and cash pick up using Ecobank’s Rapidtransfer International app (RTI). The cross-border
• Stanbic Uganda selects IBM to help build banking-as-a-platform services. • The shift enables Stanbic Uganda to meet growing customer expectations in line with global trends. Stanbic Bank Uganda Holdings Limited (Stanbic Bank Uganda), Uganda’s largest commercial bank by assets with over three decades of serving the market, has selected IBM’s (NYSE: IBM) Cloud Pak
KES 400 discount for goods worth KES 3,000 and above when customers shop on the MAF Carrefour Mobile app and pay with locally issued Visa cards The campaign will run every Tuesday for three months starting June 2023 Carrefour, owned and operated by Majid Al Futtaim in Kenya, has announced its partnership with Visa, the
Standard Bank has appointed Marie-Gabrielle Opese as its Chief Executive and Head of Corporate and Investment Banking (CIB) in the Democratic Republic of Congo (DRC). Ms Opese joined Standard Bank in the DRC in 2009 as Head of Risk & Company Secretary. In that capacity, she was also in charge of the bank’s credit portfolio
Equity Bank has been feted as the Best Bank in Kenya in the 2023 Think Business Banking Awards for the 12th consecutive year. Equity was also named the best bank in the inaugural ESG Factors Category as well as the Most Customer-Centric Bank. The Bank won 19 awards: Winner in 14 categories, 1st Runners Up
Equity Group has weathered a turbulent macroeconomic environment to register a 21% growth with total assets reaching Kshs.1,537.7 billion. Funding the asset growth is a 23% growth in customer deposits with the proceeds deployed to grow loan the book by 21%. Customer deposits grew to Kshs.1,111.2 billion up from Kshs.900.9 billion while the loan book
As a fast-growing provider of innovative, unsecured lending solutions to underserved markets across Sub-Saharan Africa, Unifi is thrilled to announce that it has opened its fiftieth branch in Africa. This marks an exciting milestone as Unifi moves closer to its mission of bringing simple, affordable credit to one million customers by 2025. “This milestone launch
