In the Race to Digital Wallets, Don’t Forget Cash – Mukuru

Success in the digital payment space will hinge on the ability of new players and incumbents to converge the physical and digital experience into a seamless continuum for the customer. Extending the digital solution to a cash-based customer requires a “phygital” approach, writes Juan Seco, Chief Growth Officer at Mukuru. Digital wallet use, especially in

Finverity Announces Strategic Executive Appointments to Drive Next Phase of Growth

Finverity, the trade and supply chain finance digital ecosystem, today announced significant changes to its executive team, providing the company with operational excellence as it prepares for its next growth phase. Symmie Swil, with her impressive track record in business banking, has been promoted to the role of Chief Operating Officer (COO), while Alex Fenechiu,

Xion Global and Callpay Announce Strategic Partnership to Transform South African Payments Landscape

Xion Global, a Web3 payments provider, has announced a strategic partnership with Callpay, a major player in South Africa’s payments industry. This alliance aims to boost Web3 payments adoption in South Africa, blending Xion’s innovative technology with Callpay’s strong market presence. This partnership broadens payment options for customers, providing the convenience of Xion’s one-click crypto

Assisted Self-Service Terminals Are Helping Banks Optimise Their Physical Networks – Datos Insights

Assisted Self-Service Terminals are helping banks optimise their physical networks The number of Assisted Self-Service Terminals (ASSTs) installed both inside and outside branches worldwide continues to see double-digit growth. These devices are instrumental in migrating transactions away from the teller line and extending access both in terms of service hours and geographic reach Banks seek

Ukheshe & Eft Corporation Announce Market Shifting Fintech Transaction

In a significant move for the African fintech ecosystem, Ukheshe International has acquired 100% of EFT Corporation Limited (EFTCorp) from parent Loita Transaction Services (LXS), a pan-African payment solutions and financial switching provider. This transaction follows on Ukheshe’s 2022 acquisition of Masterpass in South Africa and the closing of their funding partnership with Development Partners

Mukuru Distributes Millions in Aid to Vulnerable Africans

Next-generation financial services platform, Mukuru, has successfully distributed millions in aid to disadvantaged recipients in Africa through its secure and transparent Enterprise Payments platform. This enables it to help many of those whose lives and ability to earn were disrupted by COVID-19 lockdowns and other economic issues. At the same time, Mukuru has started using

Futurebank and Paymentology Forge Strategic Partnership to Deliver Instant Issuance and Advance Modernisation Benefits

Open banking and Embedded Finance platform, FutureBank, has announced a partnership with leading global issuer-processor, Paymentology, to provide banks and fintechs with streamlined integration to modern card issuing and processing technology, enabling instant issuance of virtual cards. Paymentology provides banks, fintechs and telcos with the technology to issue and process any type of physical or

What Does the Future of Android-Based POS Terminals Look Like? – ExiPay Africa

By Derek Keats, MD, ExiPay Africa Most of us probably don’t spend that much time thinking about what operating systems are installed on the point-of-sale (POS) terminals, also known as card machines, that allow us to buy gifts at a boutique, lunch at a food market, or even our weekly groceries. Dig a little deeper,

Who’s Leading the Fintech Pack in Africa? – Ukheshe

The local fintech bubble may have burst, with valuations becoming much lower as investors look for profitability and maturity instead of growth prospects, but there is still a lot of capital available. And for those ahead of the curve, there’s no slowing down, says Clayton Hayward, CEO at Banking as a Service (BaaS) and embedded

Continued Growth of Africa’s Fintechs Can Unlock Greater Economic Prosperity – Boston Consulting Group and Elevandi

Africa is one of the fastest growing FinTech markets with revenue forecasted to grow 13 fold to $65-billion by 2030. In addition to the revenue opportunity, FinTechs play an important role in developing the region’s economy and improving the lives of African people by revolutionising the financial sector. Two new reports from Boston Consulting Group