Microinsurance is Driving Greater Financial Inclusion, says aYo Ghana

There has been a ‘material increase’ in awareness of financial service products like microinsurance during 2021, with growing numbers of Ghanaian consumers purchasing cover to protect themselves and their families in the event of hospitalisation or loss of life. Francis Gota, the CEO of microinsurer aYo Intermediaries Ghana Limited, says the company has seen a

CR2 Continues to Drive Innovation as Cardless ATM Access Goes Live in Eight Countries

It’s a major concern for banking customers worldwide in this time of a global pandemic – how can they access their daily banking needs without touching surfaces such as ATMs?   CR2 (www.CR2.com) enables you to respond to these concerns and allow your banking customers to withdraw cash without physically touching the ATM, by simply

Standard Bank Group Selects Flutterwave to Drive Digital Transformation Efforts Across Africa

Standard Bank customers in eight African countries to enjoy enhanced digital payments experience in partnership with Flutterwave  Standard Bank, Africa’s largest bank by assets, has partnered with Flutterwave, Africa’s leading payments technology company, to enhance digital payments experiences for its customers in Nigeria, Zambia, Tanzania, Uganda, Ghana, Mauritius, Cote D’Ivoire and Malawi. Flutterwave and Standard Bank

Klasha Expands to Ghana to Facilitate Frictionless Online Commerce and Cross-border Payments

Klasha, a San Francisco and Lagos-based cross-border company building technology infrastructure for cross-border commerce in Africa, has announced its launch in Ghana. Launched in Nigeria in May 2021, Klasha’s solution helps merchants worldwide sell online to Africa and receive payments in local African currencies while enjoying superfast last-mile delivery to consumers across the continent. This

GCB Opens New Branch In Tema Community 25

GCB Bank Limited (GCB) has opened a new branch in the Community 25 of Tema Metropolitan Area of the Greater Accra Region. The new branch is located within the Tema Community 25 Shopping Mall and will offer banking services to customers and residents in the area. This is in response to the growing business population,

Women Entrepreneurs Lead the way in Digital Presence, According to Mastercard SME Research in Middle East and Africa

81% of women entrepreneurs across the Middle East and Africa have a digital business presence according to Mastercard MEA SME Confidence Index Latest research by Mastercard highlights high digitalization among women-owned businesses as opportunity for broader SME recovery and digital economy growth Despite the gender gap and social challenges, entrepreneurial women across the world and

Pan African Payments Company Cellulant Acquires PSP License in Ghana as it Rolls Out a Digital Payments Solution for Businesses

The license is a requirement under the Payment Services Act 2019 which mandates that all Financial Technology or digital payments companies be licensed by the Bank of Ghana Digital payments has seen tremendous growth in the past couple of years. As of January 2021, 38.9 percent of the population aged 15 years and older had

Transforming B2B Payments Could Help Africa’s Local Businesses Grow

By Clara Wanjiku Odero The World Bank estimates remittances to the Middle East and North Africa region rose by 2.3 percent to about $56 billion in 2020. However, global businesses that want to pay their Africa-based vendors and patterns are often frustrated by their experience with B2B payments. Typically, international businesses must route funds through

Banks Invest In Viable Projects – GCB MD

The Managing Director of GCB Bank Limited, Mr Kofi Adomakoh, says there is no reason why banks will not invest in renewable energy and other projects to spearhead the development of the national economy. He explained that banks including GCB, largely look at the viability of the projects and conduct due diligence before investing in

Pipit Global Partners with Cellulant to Power Low-Cost Remittances in Africa

Irish FinTech, Pipit Global Partners with Pan-African Fintech Cellulant to power cheaper and safer means for Africans in the EU and UK to send cash to their families at home in Nigeria, Kenya, Uganda, Tanzania, Mali, Senegal, and Ghana According to reports by the BBC, about 8 million Africans live abroad. That number is projected