Fintech Emerging as Africa’s Most Vibrant Sector, Finds Mastercard Study

White paper finds that fintech companies have tied up with banks, mobile network operators (MNOs), and other stakeholders to develop wide-ranging solutions for consumers, micro and small merchants Study further found that regulators across multiple African countries have adopted a collaborative approach to enable the introduction of new solutions by fintech companies Fintech startups in

Total Economic Impact Study From Forrester Consulting Finds Terminal as a Service (TaaS) by Ingenico Delivers 49% ROI

Ingenico, a world leader in payment services, has released the results of the Total Economic Impact™ study it commissioned from Forrester Consulting on the return on investment (ROI) that enterprises may realise by deploying “Terminal as a Service” by Ingenico. As a newly independent company following its recent acquisition by Apollo Funds, the release of

Post-Covid Opportunities for SMEs

Small businesses level the playing field in new economy. Standard Bank’s recent SME Summit laid bare the need for small businesses to leverage the advantages of technology and ecosystems to level the playing field between smaller enterprises and larger established businesses and corporates. The K-shaped economic recovery was seeing many big, established businesses boom. Smaller businesses and

African Markets Build Resilience in a Challenging Environment

Absa Africa Financial Markets Index shows improving market infrastructure in majority of countries in the region African countries have responded positively to the need to develop domestic financial markets to protect economies from external shocks, OMFIF’s 2022 Absa Africa Financial Markets Index reveals. Even as challenging market conditions weighed on performance in the index, 19

Cellulant and Solv Kenya Partner in Payments Deal to Serve Tens of Thousands of Micro, Small Medium Enterprises (MSME)

This partnership will enable MSMEs using the Solv Kenya platform to reconcile, receive, and view all their payments on the go under one roof  Leading Pan-African payments provider Cellulant (https://www.Cellulant.io/) and MSMEs-focused B2B digital platform Solv Kenya have signed a financial services partnership that will enable Solv Kenya’s expanding MSME partners to access digital payment and

GCB Bank – Current Economic Situation Provides Opportunity to Restructure our Economy

The Executive Director of Wholesale and Investment Banking of GCB Bank PLC, Mr Sam Aidoo, says the current economic crisis provides the opportunity to restructure our economy from a service driven one. He called for the building of a robust and resilient economy through technology, finance, investment, trade, and entrepreneurship. Delivering the address on behalf

Gen Z’s Message to Merchants: Meet Us in the Metaverse – New FIS Data Shows Young Consumers Drive Demand for Innovation

Millennial and Gen Z consumers are driving demand for embedded finance across a range of existing and emerging touchpoints, according to new FIS research. As technology evolves and the physical, digital and virtual worlds converge, younger generations are inhabiting new channels, such as the metaverse, and creating the need for new ways to transact. Findings

Touch and Pay Wins $50,000 Ecobank Fintech Challenge 2022

Touch and Pay processes microtransactions across Africa, such as paying for bus journeys  Ecobank Group (www.Ecobank.com) is proud to announce that Touch and Pay a Nigeria-based fintech has won the 2022 edition of the Ecobank Fintech Challenge. This announcement was made at the Grand Finale, today at Ecobank’s headquarters in Lomé,  presided by H.E. Cina

Leading Digital Payment Solutions Provider Network International Reports a Strong Strategic Execution with Q3 Revenue up 28% Year on Year

Network is a leading enabler of digital commerce across the Middle East & Africa, focused on helping businesses and economies prosper by simplifying commerce and payments  The company, which operates across Africa and the Middle East, has seen another quarter of financial and strategic delivery, underpinning full year expectations; Figures include positive licensing updates to

Finance in Africa 2022: Navigating the Financial Landscape in Turbulent Times

Banks weathered the pandemic well, showing the resilience of the sector  The European Investment Bank (EIB) (https://www.EIB.org) has completed its annual survey of banks in Africa in 2022, supported by Making Finance Work for Africa. In Finance in Africa in 2022: Navigating the financial landscape in turbulent times (https://bit.ly/3goYM2l), the seventh report in this series,