Kenya, South Africa and Nigeria, and the African continent as a whole, lead the world in the uptake of mobile banking, according to a new report by mobile trade association MEF. The first report in MEF’s Global Consumer Insights Series on Mobile Money said 82 per cent of consumers in Africa engaged in mobile banking,
Gerrie Fourie, Capitec Bank’s new CEO, starts his year on a high-note after a strong performance in 2013, but with ambitious plans to take the bank to new heights. Gerrie plans to focus on the continued delivery of friendly, simplified and pioneering banking, but with an even stronger focus on innovation to meet clients’ everyday
Nedbank Limited, has selected Oracle FLEXCUBE to modernize its infrastructure and improve operating efficiency and customer service delivery. To help consolidate business operations and enhance the customer experience, Nedbank Limited will deploy Oracle FLEXCUBE to establish a single operating platform for its multi-country operations across five South African countries – Lesotho, Malawi, Swaziland, Namibia and
ReD, a fraud prevention provider, has announced a new four year agreement with South African headquartered payment gateway, Setcom. The agreement will make ReD’s industry leading ReD Shield fraud prevention solution available to Setcom’s global merchant base, as part of an integrated fraud and payments offering. The partnership will allow Setcom to offer ReD’s proven
Back in December 2010, when the eCommerce opportunity in Zimbabwe was all but invisible, a startup launched with a name all too obvious – zimazon.co.zw. They were going to be the Amazon.com of Zimbabwe and the market not being ready with things like payment systems wasn’t going to stop them. Their bet was on cash on
The recent merger of Bytes Technology Group (BTG) and Altech, has led to the establishment of the Technology Multimedia Telecoms (TMT) Division of Altron. Together, BTG and Altech are set to change the face of the financial administration of local government. The bringing together of these two established technology companies has allowed for the rapid
Latest statistics released by the Spark Cash Index (SCI), which measures the average value of cash withdrawals across more than 2 200 Spark Automated Teller Machines (ATMs) throughout South Africa, showed an increase in ATM withdrawal levels for December 2013. The SCI revealed a month-on-month increase of 2.97% in average cash withdrawal figures for December
A few days ago, TechZim broke the news that Econet and the banks are finally warming to each other on the issue of banks being granted access to Econet subscribers so they also provide mobile money transfer service to them. The banks are not completely happy yet, but integration talks are on and some of
Cambria Africa says it is excited by the prospects of the Millchem and Payserv businesses, which are being rolled out regionally. The two business units have made good progress and achieved significant milestones in their regional expansion. The latest update shows that, with the focus on Millchem and Payserv, Cambria is now looking forward positively
Standard Chartered has announced the opening of an onshore banking subsidiary in Angola, together with ENSA, a leading Angolan insurance company. The Bank has signed a joint venture with ENSA in which Standard Chartered is the majority shareholder, with 60% of the share capital of the bank, and ENSA with 40%. The subsidiary, which will
