Growth in Cashless Transactions Spurs New and Innovative Payment Solutions

Last year, exciting developments in South Africa’s payments sector were good reason to be cautiously optimistic about 2023 with new products and services setting the pace of the journey to a digital cashless future, says Andrew Springate, CEO of fintech payment solution provider PAYM8. “The South African economy is under tremendous pressure with rising interest

Halo Dot Achieves Visa Ready Certification for Tap to Phone SDK

Halo Dot – a division of Synthesis Software Technologies, announced today that it has achieved the latest Visa Certification for its products. Halo Dot is a fintech that enables instant contactless payments on any Android device. Earlier this year, Visa published new security standards for Software Development Kits (SDKs) that enable secure digital payment acceptance

Absa Group Strengthens Executive Team, Refines Operating Model

As part of Absa Group’s journey to enhancing market competitiveness and with due consideration to its transformation imperative, the Group today announced a strengthened Group Executive Committee (Exco) and a refined operating model, effective 1 July 2022. Absa embarked on a new strategy in 2018. The strategy, which has been refreshed, set Absa on a

Mukuru | Fintech’s Power Lies in Solving Problems Not Just in Delivering Shiny Apps

By: Andy Jury, Chief Executive Officer at Mukuru Fintech is poised to continue disrupting financial services and is uniquely capable of driving formal financial inclusion on a mind-boggingly large scale. However, there is a risk that in the pursuit of innovation, companies develop fintech solutions for technology’s sake, and not to address real needs, and

WonderNet Proves That Listening to Customers Pays Off

SEACOM’s consumer-focused, fibre to the home (FTTH) and fibre to the small business offering, WonderNet, launched a new payment system this June to finally give consumers more flexibility when settling their accounts. The idea behind the new Pay Now feature is to put the user back in control of their accounts and finances. Unlike most

AUDA-NEPAD and Ecobank Group Partnership Moves to Finance Phase Under the 100,000 MSMEs Initiative

$2.0 million USD to be extended to qualifying MSMEs The African Union Development Agency NEPAD (AUDA-NEPAD) and the Ecobank Group ( its strategic partner on the development of the 100,000 Micro, Small and Medium Enterprises (MSMEs) Initiative, are set to launch the financing component as from 27 May 2021. AUDA-NEPAD launched the 100,000 MSMEs Programme

MTN and Ecobank Partner to Improve Access to Mobile Financial Services

MTN Mobile Money users, who are also Ecobank customers in 12 African countries, will soon be able to withdraw cash from Ecobank ATMs. They will also be able to transfer money between their Mobile Money and Ecobank accounts. The service was piloted in Ghana last month, and will soon be launched in Benin, Cameroon, Ivory

Ecobank Opens an Affiliate in South Sudan

Ecobank Transnational Incorporated , the pan-African banking group announced the opening of its South Sudan banking affiliate. This new banking affiliate, the 34th on the African continent, offers the opportunity to support the youngest African state in addressing the challenges in regards to its development. Ecobank South Sudan has effectively started operations on 10 July