Mukuru, the Pan-African fintech trusted by more than 17 million customers, today launched the Mukuru Account & Card in South Africa. The product is offered in partnership with Bank Zero, the licensed sponsor bank, and is enabled by Paymentology and Mastercard. The new proposition builds on Mukuru’s established remittance and card foundation, giving customers access to
International Trade Centre (ITC) and The Access Africa Office, the coordinating office for the African subsidiaries of Access Bank Plc one of Africa’s leading pan-African financial institutions, establish a new partnership to boost access to finance for small and medium-sized enterprises, and increase access to markets and skills training, in 14 African countries. The programme
Mukuru (www.Mukuru.com), a leading financial services provider, has launched its Visa-branded Companion Card in Botswana. Linked to the Mukuru Wallet, this new offering expands its functionality and enables customers to make secure, cashless payments for everyday purchases directly from their Wallet balance. With the Mukuru Wallet, customers already manage their money from their phones. Now,
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
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, 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
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
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
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
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
