SmartSwitch Botswana Brings Financial Inclusion to Thousands of Food Grant Recipients

Posted on by kara | 1062 Views | 13 min read
SmartSwitch

SmartSwitch Botswana is blazing a trail for financial inclusion with a financial technology (Fintech) solution that puts dignity and financial services into the hands of food voucher beneficiaries. Since its establishment in 2006, Smart Switch has expanded its footprint to serve more than 75,000 beneficiaries in underserved communities across Botswana. SmartSwitch Botswana, a subsidiary of

Navigating the Compounding Complexity of Digital Card Issuing – Stanchion

Posted on by kara | 12693 Views | 39 min read

By: Pierre Aurel, Chief Product Officer, Stanchion Payments Solution.  Originally published here. The number of virtual cards issued worldwide is growing at an unprecedented pace. According to Juniper Research, global virtual card issuance is expected to grow at over 30% annually between 2023 and 2028, driven by relentless consumer demand for seamless, secure and convenient

IFC Teams Up With Standard Bank and Rand Merchant Bank to Boost Local Currency Financing in Africa

Posted on by kara | 8794 Views | 8 min read
IFC

IFC, a member of the World Bank Group, has partnered with Standard Bank and Rand Merchant Bank (RMB) to help expand local currency financing for private businesses across Africa. IFC will collaborate with Standard Bank and RMB on cross-currency swaps to manage currency exposure related to its local currency lending. This hedging allows IFC to

Pan African Payment and Settlement System (PAPSS) and African Securities Exchange Association (ASEA) Forge Strategic Partnership to Revolutionize Cross-Border Payment of Stock Exchanges in Africa

Posted on by Staff Reporter | 28716 Views | 14 min read

African Export and Import Bank (Afreximbank) and the African Continental Free Trade Area (AfCFTA) Secretariat developed PAPSS, which enables instant cross-border payment in local currency The Pan African Payment and Settlement System (PAPSS) and the African Securities Exchange Association (ASEA) have signed a Memorandum of Understanding (MoU) to enhance collaboration and cooperation in promoting cross-border

Preparation for Discontinuation of Cheques in Botswana

Posted on by Staff Reporter | 8845 Views | 3 min read

The Bank of Botswana and the Bankers’ Association of Botswana hereby remind the public that as per the previous public notice(s), the Botswana Automated Clearing House (BACH) will cease to accept cheques for clearing as at December 31, 2023. Accordingly, the use of cheques as a means of payment in Botswana will be discontinued by

Yellow Card Receives First-Ever African Crypto License

Posted on by Staff Reporter | 10878 Views | 13 min read

The licence, in accordance with Section 11 of the Virtual Asset Act, 2022, was issued by the Non-Bank Financial Institutions Regulatory Authority [NBFIRA] Pan-African cryptocurrency leader, Yellow Card (www.YellowCard.io) has made another significant stride in the industry, becoming the first cryptocurrency company on the continent to be granted a Virtual Asset Service Provider licence to

Sage Brings Award-Winning Sage Intacct to Namibia, Botswana and Mauritius

Posted on by Staff Reporter | 19217 Views | 18 min read

Supporting visionary CFOs and finance professionals with a new cloud financial management platform  Sage (https://www.Sage.com/en-za/), the leader in accounting, financial, HR, and payroll technology for small and medium-sized businesses, launched Sage Intacct in Namibia, Botswana and Mauritius today. The award-winning cloud financial management solution provides finance teams with the insights and automation they need to

Cellulant Partners with Orange Money to Power Card to Wallet Transfers for 8 Banks in Botswana

Posted on by Staff Reporter | 18188 Views | 16 min read

This partnership enables customers to move funds from their bank accounts through their cards straight into their Orange Money wallets  Orange Money, the mobile money service of Orange and leading Pan-African payments company, Cellulant (www.Cellulant.io), have launched a partnership to enable card-to-wallet transfers for 8 banks in Botswana. The Orange Money Card-To-Wallet service (https://bit.ly/3ex927w) in

FMBcapital Holdings Group records Robust Growth and Performance

Posted on by Staff Reporter | 27345 Views | 12 min read

FMBcapital Holdings Plc (FMBCH) announced further positive performance in the first half of the 2022 financial year, with a very strong growth in profit after tax (93% growth to US$25.2m on 2021 first half). The interim period of 2022 followed through strongly on concerted efforts from 2021, and saw the Group’s banking operations in Botswana,

Paysend Introduces 50 New Receiving Countries to its Global Payments Network

Posted on by Staff Reporter | 71565 Views | 6 min read

Paysend, the UK-based fintech with over 7 million customers, today announces that 50 new receiving countries have been introduced to its global payments network since the start of 2022. These additional payments corridors mean that Paysend customers can now send money to over 170 countries worldwide. Notable additional countries supported by Paysend include: Antigua and