Chat commerce is undoubtedly the way of the future, according to Pieter de Wet, President Business Development: International Markets at leading pan-African fintech enablement partner Ukheshe Technologies. “Ukheshe’s own Eclipse Chat Commerce solution offers everything a business needs – not only now, but also as an organisation grows.” Consumers are making a rapidly increasing portion
Cellulant and its One-Stop Shop Payments Platform, Tingg, have been recognised as leading payments brands in Africa, providing online and offline payments solutions to businesses, banks and consumers Leading Pan-African Payments Company Cellulant (Cellulant.io) and it’s all-in-one Payments gateway Tingg (Tingg.Africa), have won 4 awards in the just-concluded World Business Outlook Awards; Leading Digital Payment
Morocco-based Al Mada Holding Group has launched a $109.8 million pan-African venture capital fund to invest in fast-growing startups. The new VC fund aims to develop promising technology-oriented startups in fintech, healthtech, logistics, edtech, and renewable energy. In addition to providing direct funding, the Al Mada venture fund will equally offer startups access to the
Partnership between United Bank for Africa and Cellulant extends payments services for merchants and consumers across the African continent Africa’s global bank, United Bank for Africa (UBA) Plc, and leading Pan-African Payments Company Cellulant (Cellulant.io) have announced a partnership that will extend payment services for merchants and consumers across 19 key African countries in which
Reported net profit for the year was USD 56.6 million, a significant increase on USD 5.6 million recorded in 2020 Revenue increased 23.7% year on year to USD 352.2 million in 2021 with Middle East revenue increasing 25.0% year on year; Underlying EBITDA[1,2] increased by 27.5% to USD 143.5 million reflecting strong revenue performance and prudent
Standard Chartered has released its financial results for the full year and fourth quarter ending 31 December 2021. See link here. In the Africa and Middle East region, the Bank has recorded its highest Operating Profit since 2015. Performance Highlights: Broad-based growth and improvement in income and profits Income grew by 3.5 per cent to
In a move that will see enhanced financial services for people in Egypt, Mastercard and Egyptian fintech Kashat have signed a five-year agreement that will digitize the onboarding, disbursement, and collection processes for MENA’s first nano financial service provider. Kashat will now be able to issue prepaid cards to users and offer them safe and
While cash was always considered to be king, that is no longer the case with consumers across Africa moving to alternative payment methods for convenience and safety reasons. Tap to pay has emerged as one such option. It uses short-range wireless technology to make secure payments between a contactless chip card or device and a
Al Ahli Bank of Kuwait – Egypt (ABK-Egypt), one of the fastest-growing banks in Egypt, has entered into a strategic partnership with Mastercard to launch “ABK Pay Sticker” – a contactless payment solution to enable the growth of Egypt’s digital economy, enhance financial inclusion and provide consumers with a seamless payment experience. The latest addition to
Collaboration to simplify and speed up cross-border remittances for consumers Enables banks to onboard Mastercard Cross-Border Services within half the time as compared to before Mastercard has entered into a strategic partnership with the real-time payment solutions company, ProgressSoft, to ease the integration of Mastercard Cross-Border Services and accelerate cross-border remittances across the Middle East
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