Network International & Infobip to offer WhatsApp for Business Banking Services to Financial Institution Clients across Africa

Posted on by Staff Reporter | 26507 Views | 9 min read

Collaboration with global cloud communication service provider Infobip enables banks to use globally-trusted WhatsApp platform to communicate and engage with customers 24/7 using the latest technology Leading digital payment solutions provider Network International (www.Network.ae) has announced it will bring WhatsApp for Business banking services to financial institutions across Africa through a landmark collaboration with Infobip.

United Bank for Africa (UBA) Group Expands to EMEA, Launches Banking Operations in Dubai International Financial Centre, Dubai

Posted on by Staff Reporter | 39088 Views | 16 min read

The UBA branch in the DIFC will service corporate & financial Institutions and customers across the Middle East with a core focus on correspondent banking, relationship management and advisory services The United Bank for Africa (UBA) (www.UBAGroup.com), Africa’s global bank has been in operation for over seven decades. Today, the group is present in 20

Fintechs are set to Transform Cross-border Payments in Africa

Posted on by Staff Reporter | 16761 Views | 16 min read

For centuries people have crossed borders to live, work, and trade. While cross-border payment systems are crucial for financial inclusion and growth in a globalised economy, cost and efficiency challenges remain, particularly in Africa. Mark Dankworth, President Business Development Africa at leading pan-African fintech enablement partner, Ukheshe Technologies says fintechs are at the forefront of

Fitch Rates Bank One ‘BB-‘ with a Stable Outlook

Posted on by Staff Reporter | 17552 Views | 4 min read

The rating provides both investors and customers with an independent and verified view of Bank One’s credit standing Bank One (www.BankOne.mu) is pleased to announce that it has received a Long-Term Issuer Default Rating (IDR) of ‘BB-‘ with a Stable Outlook from Fitch Ratings for its first rating exercise. The rating was made public by

Standard Bank Aims to Ignite East African Business Growth

Posted on by Staff Reporter | 20327 Views | 25 min read

Standard Bank believes that the right capital and capacity interventions now will set East Africa on a sustainable path to prosperity, including the very real possibility of becoming middle-income economies within a generation.  In line with the Group’s purpose of driving Africa’s growth, the emergence, proliferation, and expansion of small and medium businesses in East

Absa Group Strengthens Executive Team, Refines Operating Model

Posted on by Staff Reporter | 10287 Views | 10 min read

As part of Absa Group’s journey to enhancing market competitiveness and with due consideration to its transformation imperative, the Group today announced a strengthened Group Executive Committee (Exco) and a refined operating model, effective 1 July 2022. Absa embarked on a new strategy in 2018. The strategy, which has been refreshed, set Absa on a

Pass to Greater Prosperity: Advancing Financial Security and Well-Being Across Africa Through Digital Inclusion

Posted on by Staff Reporter | 32660 Views | 32 min read

The COVID-19 pandemic threw the world into disarray, but in Africa, life continues: Farmers farm, merchants sell, people apply for capital to create jobs and improve livelihoods, and a heightened need for access to healthcare underpins it all. But on a continent with widespread inequality, where over half of the population is still excluded from

Mastercard Expands its Jaza Duka Micro-Credit Program with Kasha and Surpasses 1 Billion Kenyan Shilling in Loans to MSMEs in Africa

Posted on by Staff Reporter | 16435 Views | 15 min read

Mastercard’s micro credit digital lending platform expands to benefit more women and micro-entrepreneurs than ever before through partnership with Kasha. Jaza Duka now provides over 1.2 Billion Kenyan Shillings loan value to support women and micro business owners to reach their potential. Mastercard today announced that Kasha, the purpose driven digital retail and distribution platform

Absa Bank Kenya, Visa partner to launch Domestic and Cross-Border Remittance Service

Posted on by Staff Reporter | 24614 Views | 12 min read

Absa Bank Kenya has partnered with global payments technology platform Visa to launch a domestic and cross-border remittance service that will allow seamless person-to-person money transfers and persons-to-businesses payments via the Visa Global network. The Absa Visa Send Money, a first-of-its-kind market solution, will allow Absa debit and credit cardholders to transfer funds from their

International Sales and Global Suppliers Key to ensure Post Pandemic Business Recovery and Growth

Posted on by Staff Reporter | 14767 Views | 11 min read

Mastercard’s Borderless Payments Report 2022 has revealed two in five (46%) SMEs in EEMEA are earning more money than before the pandemic, driven by digital growth and international sales opportunities. Seven in ten (71%) saw above-global-average growth in online sales and nearly half (49%) are doing more business overseas. Seven in ten (72%) also say