It’s official! The third annual African Fintech Unconference (AFU19) will be held on 10 – 12 September 2019 on the shores of Lake Victoria in Uganda. This dynamic industry event is co-convened by African fintech pioneers Nomanini, MFS Africa, and Tugende. Over the past decade, the progress made within financial inclusion has emerged as one
Egyptian Banks Company enters new phase of long-standing relationship with ACI as it prepares for launch of national payments scheme. ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, has announced that Egyptian Banks Company (EBC) has completed its transition to the latest version of ACI’s UP Retail Payments solution. EBC,
New data from Juniper Research has found that the volume of domestic money transfers via mobiles will exceed 203 billion in 2024, up from 130 billion in 2019. Domestic P2P payments will drive this growth; accounting for 80% of all domestic transfers in 2024. According to the new research, Digital Money Transfer & Remittances: Domestic
Pursuant to Section 31(2) (b) of the National Payment System Act, 2011 which empowers the Central Bank of Kenya to issue Directives and Guidelines, the CBK has developed a Cybersecurity Guideline for Payment Service Providers (PSPs). The objective is to create a safer and more secure cyberspace that underpins information system security priorities, to promote
Want to top with up with mobile data in a matter of seconds, grab that purchase and go, or pay your bills from the comfort of your couch? You’re not alone. Today people are living an increasingly digital – and mobile – life and they expect their ability to pay for their needs and wants
Mobile Bill Presentment puts bills conveniently on consumers’ smartphones Fiserv, Inc., a leading global provider of financial services technology solutions, is helping companies to stay ahead of changing consumer payment preferences by enabling their customers to receive and pay their bills via seamless mobile-first interactions. Mobile Bill Presentment from Fiserv allows clients to digitally present
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 sector. His Excellency Nana Akufo-Addo, the President of the Ghana, opened ARC 2019 and explained the steps being taken by Ghana to enable the digital
New research highlights need for banks to embrace Open Banking-enabled consortia business models 70% of corporate treasurers believe that a shift from bank to non-bank services will take place within their organizations over the next two to five years 74% of corporate treasurers believe access to real-time payments reporting is the key treasury opportunity for
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 trading, until now an option that has been closed to local companies because of the costs involved with setting up an online presence. One of
PayU, the payments and fintech business of Naspers, has announced the acquisition of a majority stake in Red Dot Payment, a Southeast Asia focused online payment solutions provider. With this transaction, PayU expands into the Southeast Asia region and brings the total amount deployed in fintech investments and M&A to north of $700 million over
