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SABRIC: Release of Card Fraud Statistics 2017

SABRIC, the South African Banking Risk Information Centre, on behalf of the banking industry has released its Card Fraud Stats for 2017 which reflect an overall decrease in card fraud. Read More →

FNB Unveils a Mobile Bank Account for Unbanked, Underbanked Consumers

First National Bank (FNB) announced the launch of eWallet eXtra, a mobile bank account that allows unbanked and underbanked South African consumers to use a feature phone or a smartphone Read More →

Finteq Partners with Zimswitch to Deliver a Domestic Interbank Payment System

Leading Software development company, Finteq have announced a giant leap forward for Zimbabwe’s payment system. The company’s most recent deal is with Zimswitch Zimbabwe in order to facilitate the delivery of Read More →

Tigo Tanzania Achieves Global Mobile Money Certification

Tigo Tanzania’s mobile financial services business, Tigo Pesa, has received the GSMA Mobile Money Certification, recognizing Tigo’s ability to deliver safe, transparent, reliable and more resilient services that promote consumer Read More →

BankservAfrica Processes Record Volume of Electronic Transactions in March

BankservAfrica, Africa’s largest automated payments clearing house, cleared the highest volume of electronic funds transfers (EFTs) on record in March of 89 million and at a value of R847 billion. Most Read More →

WorldRemit Partners with Lebara to Connect New Customers to its Money Transfer Service to Africa

Lebara  and WorldRemit, two leading brands serving international residents, have entered into a strategic partnership making WorldRemit the exclusive global money transfer partner of Lebara, including transfers to over 40 Read More →

$1 Billion in Transactions Processed on Ecobank Mobile App in Africa

The groundbreaking Ecobank Mobile App, a single, unified financial services application across 33 African countries, has processed 9 million transactions worth over $1 billion since launch less than 18 months Read More →

PayPal, Safaricom and TransferTo Announce Collaboration in Kenya

PayPal and Safaricom announced a revolutionary collaboration that enables Kenyans to seamlessly move money between their M-PESA and PayPal accounts. The new service eliminates significant barriers that have hindered consumers Read More →

Ecobank Mobile App Reaches 4 Million Users Milestone in Africa

The upgraded version of Ecobank’s mobile app has attracted 3 million new customers in just 6 months, taking the total number of users to 4 million. The app builds on the Read More →

SimbaPay Launches Pan-Africa Remittances Chatbot in Collaboration with Interswitch

SimbaPay – a London based digital money transfer provider – has announced the launch of an AI (Artificial Intelligence) powered chatbot service which now makes International Money Transfer (remittance) possible Read More →

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