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SWIFT: Embracing the Digital Economy

SWIFT’s 26th African Regional Conference (ARC) was the largest yet, gathering more than 600 participants from 55 countries in Accra, Ghana, to talk about the future of Africa’s financial services Read More →

Unique SimplyBlu Solution Launches Small Businesses Across the ‘Digital Divide’

The launch of Standard Bank’s unique SimplyBlu digital solution powered by Mastercard could see thousands of South African small businesses crossing the ‘digital divide’ and entering the world of electronic Read More →

Tanzania Issues New Rules to Tighten Foreign Currency Exchange Controls

Tanzania has tightened its currency controls with new regulations on foreign exchange bureaus, in what authorities say is an ongoing fight against money laundering and currency speculation. The new rules, published Read More →

The High Court in Johannesburg has Ruled in Favour of the National Credit Regulator against Standard Bank

The High Court in Johannesburg has ruled in favour of the National Credit Regulator (NCR) against Standard Bank that the common law set-off does not apply to credit agreements subject Read More →

FirstBank Hits 27,000 Banking Agents, Deepens Financial Inclusion across Nigeria

Nigeria’s premier bank and leading financial services provider, First Bank of Nigeria Limited has announced that it now has over 27,000 Agents on its Firstmonie Agent Network. This feat reinforces Read More →

BTC Launches Mobile Money Wallet SMEGA Powered by Comviva’s Mobiquity Money Platform

Botswana Telecommunications Corporation Limited (BTC), Botswana’s fastest and widely available mobile network, has revamped and introduced SMEGA, its mobile money service. SMEGA now works on Comviva’s mobiquity® Money platform, one Read More →

PASA will be Reducing the Maximum Value for Writing a Cheque

After careful consideration and consultation with key stakeholders, PASA will be reducing the maximum value for writing a cheque from the current value of R500 000 to R50 000, effective Read More →

PayU Acquires Turkish Digital Payments Provider Iyzico

PayU announces the acquisition of iyzico – a digital payment services provider and one of the most hotly tipped fintech start-ups in Turkey – for $165 million. The acquisition, which adds Read More →

Tribunal Approves Merger Whereby Absa Bank Acquires Société Générale SA

The Tribunal has approved a large merger, without conditions, whereby Absa Bank Ltd (Absa) seeks to acquire Société Générale SA (SocGen) Johannesburg branch in respect of target assets. Absa is a Read More →

WorldRemit Launches New Product for Business Payments to South Africa

Through the WorldRemit website and app SMEs can now quickly and securely transfer money to pay employees and contractors in 140 countries including South Africa.

Leading digital money transfer Read More →

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