Absa Africa Financial Markets Index shows improving market infrastructure in majority of countries in the region African countries have responded positively to the need to develop domestic financial markets to protect economies from external shocks, OMFIF’s 2022 Absa Africa Financial Markets Index reveals. Even as challenging market conditions weighed on performance in the index, 19
PAYM8, a leading financial collection and payment firm, has appointed Alwyn Fourie as its first Chief Operating Officer (COO). Fourie will oversee the day-to-day operational and administrative functions of the business. PAYM8 was launched in 2001 and has seen rapid growth in South Africa as well as in neighbouring Namibia and Botswana. The company offers
With direct access to Nigeria’s Inter-bank Settlement System, this acquisition will enable Payhippo to launch an array of products and services for its customers Payhippo, Nigeria’s credit-led SME fintech, has acquired Maritime Microfinance Bank (MFB), a financial institution specializing in saving products, demand deposits, and investments as well as micro and SME loans. The acquisition
SASSA social grants recipients using the SASSA gold cards are advised to collect their monies at retailers and ATMs, as over the counter withdrawals at Post Office outlets are affected by systems glitches. Withdrawals of social grants can be made at any retail outlets nationwide that provides the cashback functionality which includes Shoprite, Checkers, Usave,
Massmart has joined forces with local Fintech, Retail Capital, providing access to funding to small, medium enterprises (SMEs) in South Africa. Retail Capital is one of the country’s leading alternative funders and a leader in Fintech solutions. “There are approximately 2.6 million SMEs in South Africa contributing 34% to GDP, however many still struggle to
The six finalists were chosen following extremely strong competition from over 700 fintechs from 59 countries. Grand Finale to be held on 28 October at the Ecobank Group Pan African Centre in Lomé, Togo. Finalists will compete for the top price of $50,000 and admission to the ‘Ecobank Fintech Challenge Fellowship’ program Ecobank Group, the
Touch and Pay processes microtransactions across Africa, such as paying for bus journeys Ecobank Group (www.Ecobank.com) is proud to announce that Touch and Pay a Nigeria-based fintech has won the 2022 edition of the Ecobank Fintech Challenge. This announcement was made at the Grand Finale, today at Ecobank’s headquarters in Lomé, presided by H.E. Cina
Mukuru, the leading next-generation fintech platform that enables simple, cost-effective financial services across Africa, Europe and Asia, says its enterprise payment platform (EPP) is poised to make a meaningful difference across Africa as it is designed to make financial experiences easier, safer and more accessible through the distribution of bulk payments. Michael Scott, Group Head
Fintech enablement partner Ukheshe continues to execute on its ongoing partnership agreement with enterprise loyalty and rewards company Gratifii. The agreement gives both organisations and their clients access to industry-leading payments solutions as well as a loyalty rewards platform, explains Pieter de Wet, President of Business Development International at Ukheshe. “Integrating Gratifii’s Mosaic loyalty platform into
By Karen Nadasen, CEO of PayU South Africa The Bill and Melinda Gates Foundation identified five key ways that African countries can include more than 400 million people into the digital economy, with one of the key themes being the importance of exploring a pathway to open banking. Open banking promotes fairness, competition and innovation
