The Government Gazette of 7 September officially announced that Bank Zero had been registered as a mutual bank effective 17 August 2018. Michael Jordaan, co-founder and chairperson of Bank Zero, acknowledges the professionalism, skills and world-class systems of the South African Reserve Bank (SARB) and the newly created Prudential Authority: “The stringent licencing process, the
Kaspersky Lab has concluded a memorandum of understanding (MOU) signed with the South African Banking Risk Information Centre (SABRIC) in October 2017 and plans to renew the MOU for a further year, following its success. The MOU has seen Kaspersky Lab successfully support SABRIC members to enhance much needed skilled capacity within the banking sector
Brand new research from RBR reveals that the number of payment cards in circulation worldwide reached 15 billion at the end of 2017, with UnionPay continuing to hold the largest share. Financial inclusion initiatives drive growth in card issuing There were 15 billion payment cards in circulation around the world at the end of 2017,
UK-based fintech company, Fiskl, has announced a partnership with South African based fintech player, Ocean on 76. Looking to significantly strengthen its presence across Africa, Fiskl is launching a mobile app that aims to greatly assist SMEs manage everyday tasks like invoicing, expense and time management on their mobile device. With its fintech knowledge and
Mastercard in partnership with M-KOPA Solar and Centenary Bank, celebrated the first ‘pay-as-you-go’ QR transaction this week, officially launching the initiative, which provides a simple and inexpensive way to power the homes and businesses of Ugandans. M-KOPA, which already provides affordable, safe and clean energy to three million people in East Africa has launched Mastercard’s
Mastercard President and CEO, Ajay Banga, this week visited Zimbabwe to show Mastercard’s strong support for the country’s drive to create a new wave of digital payments and inclusive growth. He outlined how Mastercard will collaborate with local private and public sector partners to drive greater financial inclusion through the implementation of innovative payment technologies.
Following a successful pilot with 17 banks, SWIFT has launched the gpi Observer Analytics tool, a new resource for gpi banks to gain more comprehensive business insights into their gpi traffic flows. The unique market and competitive analysis that gpi Observer Analytics provides will allow African gpi-member banks to act on reliable and fact-based information
Absa has introduced a quick, simple and convenient end-to-end account opening for new customers, through the Absa Banking App which can be downloaded from the Android and Apple stores. This innovation follows the launch of the world first ChatBanking on WhatsApp service and is another innovative way Absa is fast becoming a digitally-led bank, that
UnionPay International announced today it has signed an agreement with Kenya Commercial Bank (KCB), the largest bank in Kenya, at Canton Fair, also known as The China Import and Export Fair, to issue the world’s first UnionPay Belt and Road Commercial Card in Kenya. Offering unique privileges for business travel, transportation and trade, the Belt
First Bank of Nigeria Limited, has been presented with the award of the Best Bank in Nigeria by Global Finance in its World’s Best Banks Award 2018 held on the sidelines of the World Bank/IMF Annual Meetings in Bali, Indonesia. According to Global Finance, “Winners in the World’s Best Banks Awards 2018 were selected based
