South African Reserve Bank on Africapacity’s Intention to Buy VBS Mutual Bank

The South African Reserve Bank (SARB) is aware of the assertions made by Africapacity of its intention to buy VBS Mutual Bank (VBS) or part thereof. The authorisation to conduct Read More →

Prudential Authority Imposes Administrative Sanctions on Bank of Baroda, South Africa

The Prudential Authority (PA) has imposed an administrative sanction on Bank of Baroda, South Africa (Bank of Baroda) for non-compliance with certain provisions of the Financial Intelligence Centre Act 38 Read More →

Nigeria’s Access Bank Migrates to New ATM card solution

Nigeria's Access Bank has migrated its entire network of ATMs to CR2's ATM driving and card switching solution. The project also includes the migration of the lender's card management system, Read More →

FBN Holdings Records N294.2BN Gross Earnings for H1’19

FBN Holdings Plc, the parent company of First Bank of Nigeria Limited, said it recorded gross earnings of N294.2 billion for the six months ending June 30, 2019 (H1’19). This represents Read More →

Nedbank CIB and Centum: Dedicated to Developing Africa

Boasting a share of about 40% of South Africa's commercial, industrial and retail property finance market, Nedbank CIB Property Finance now has its vision firmly focused on the rest of Read More →

GCB Pays GH¢16.9M Dividend To Government

GCB Bank has paid a dividend of GHS16.9 million to the government for the 2018 Fiscal Year. The cheque was presented to Mr Ken Ofori-Atta, Minister of Finance by the Managing Read More →

Moody’s Upgrades MCB Ltd’s Deposit Rating to Baa2

At its latest Rating Committee, Moody’s Investors Service (“Moody’s”) has upgraded the credit rating of MCB Ltd (“MCB” or “the Bank”), with the long-term deposit rating improving from Baa3 to Read More →

Seamless West Africa

The payments, banking and financial sectors are currently at the height of change, defined by innovation and development in technology and regulation. Seamless West Africa is a multi-brand event, with 500+ Read More →

PayPal Expands its International Money Transfer Service Xoom to 32 Markets across Europe

PayPal launched Xoom—its international money transfer service—in 32 markets across Europe. People in these markets can now use Xoom to quickly send money, pay bills or top up phones to Read More →

MFS Africa and WorldRemit Partner to Expand Mobile-to-mobile Remittances in Africa

Leading digital money transfer service WorldRemit continues its rapid expansion in Africa, launching new international mobile money services through a partnership with pan-African fintech MFS Africa. This launch brings WorldRemit’s mobile Read More →

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