BIS Innovation Hub and Central Banks Of Australia, Malaysia, Singapore and South Africa Develop Experimental Multi-CBDC Platform for International Settlements

Posted on by Staff Reporter | 9672 Views | 10 min read

Project Dunbar developed two prototypes for a shared platform that could enable international settlements using digital currencies issued by multiple central banks. The platform was designed to facilitate direct cross-border transactions between financial institutions in different currencies, with the potential to cut costs and increase speed. The project identified challenges of implementing a multi-CBDC platform

United Bank for Africa Partners with Cellulant to Expand its Reach in 19 Markets Across Africa

Posted on by Staff Reporter | 53869 Views | 17 min read

Partnership between United Bank for Africa and Cellulant extends payments services for merchants and consumers across the African continent Africa’s global bank, United Bank for Africa (UBA) Plc, and leading Pan-African Payments Company Cellulant (Cellulant.io) have announced a partnership that will extend payment services for merchants and consumers across 19 key African countries in which

Absa Group 2021 Earnings Increase on Lower Impairments, Higher Pre-provision Profit

Posted on by Staff Reporter | 6174 Views | 36 min read

*Salient points Revenue increased 6% to R85.9billion Operating costs rose 4% to R47.4 billion Cost-to-income ratio decreased to 55.2% from 56% Pre-provision profit increased 7% to R38.5 billion Impairments fell 59% to R8.5 billion Headline earnings per share increased to 2197 cents from 946.5 cents Return on equity improved to 15.8% from 7.2% Group CET

1Stream: Five Ways CRM Can Help Your Sales Team Close More Deals

Posted on by Staff Reporter | 6298 Views | 19 min read

When you give your sales team the right tools to effectively and efficiently manage clients and build a relationship with them, you positively impact your bottom line. 1Stream’s smart CRM is specifically designed to do just that and has helped transform organisations across various sectors in Southern Africa, which understand the value of building meaningful

Absa Expands its Digital Partnership Ecosystem

Posted on by Staff Reporter | 12746 Views | 13 min read

Absa Group has signed agreements with the Meltwater Entrepreneurial School of Technology (MEST) in Ghana, the Cape Innovation and Technology Initiative (CiTi) and Grindstone in South Africa to support and collaborate in initiatives that are aimed at growing emerging technology and other businesses in Africa. The agreements expand Absa’s Digital Partnerships capability, established in 2020

Flywire Partners with Adapt IT to Digitize International Education Payments in South Africa

Posted on by Staff Reporter | 6626 Views | 17 min read

Flywire integrates directly into the Adapt IT student management system to digitize and streamline cross-border education payments into South Africa Flywire Corporation, a global payments enablement and software company, announced the availability of an integration with Adapt IT Education, a division of Adapt IT Holdings Limited to streamline and digitize cross-border education payments for students

Standard Bank Introduces UCount Rewards for Offshore Accounts

Posted on by Staff Reporter | 7817 Views | 12 min read

Standard Bank is updating its popular UCount Rewards programme to accommodate even more personal banking clients. As of 1 March 2022, clients with international offshore accounts will earn UCount Tiering Points monthly. This is just another way the bank is giving customers additional value. “Our international savings and investment accounts are popular products among our

Network International Delivers on High Growth Strategy with 2021 Revenue Growth of 24% and Underlying EBITDA Growth of 27%

Posted on by Staff Reporter | 14900 Views | 38 min read

Reported net profit for the year was USD 56.6 million, a significant increase on USD 5.6 million recorded in 2020 Revenue increased 23.7% year on year to USD 352.2 million in 2021 with Middle East revenue increasing 25.0% year on year; Underlying EBITDA[1,2] increased by 27.5% to USD 143.5 million reflecting strong revenue performance and prudent

FNB delivers Robust Interim Results as it accelerates Platform Innovation

Posted on by Staff Reporter | 6392 Views | 20 min read

Digitally active customers at 6.21 million and digital logins totalled 804 million for the period FNB has delivered robust interim results for the six months ended 31 December 2021 with pre-tax profits increasing 31% and an improved Return on Equity (ROE) of 39.7%. Operational performance was bolstered by a macroeconomic recovery, deposit growth, and an

Standard Bank Partners with Fastcomm to drive FeverSafe IoT Solutions for Safer Schools and Educational Institutions

Posted on by Staff Reporter | 6481 Views | 11 min read

The COVID-19 pandemic spotlighted the undeniable need to prioritise and ensure the safety and health of every South African citizen, regardless of age. While most children don’t develop symptoms when infected with the virus, or have a very mild form of COVID-19, research has shown that infectious children can still spread the virus to other