Samsung and Standard Bank Partner to Offer 0% Interest on Samsung Products

These days we all are in search of devices and products that make life better, whether at work, home or play. Samsung’s range of products are designed to achieve this and so much more. There is therefore great news for those wanting to purchase a must-have device or home appliance. Samsung and Standard Bank have

The Minister of Finance Approves Access Bank’s Acquisition of Grobank

The Minister of Finance, on the recommendation of the Prudential Authority (PA), has approved the proposed acquisition of the controlling interest in Grobank by Access Bank Plc (Access Bank). Access Bank is a Nigerian-registered multinational bank with a footprint across Africa, the United Kingdom and Asia. The PA and the Ministry of Finance after making

SASSA Statement on COVID-19 Grant Payment Delays

A delay in the payments of the COVID-19 social relief grant for the months of March and April 2021 is being experienced due to the transition in government financial years.  The end of March is the end of the financial year for government and various administrative tasks are required before any payments which relate to

81% of Nigeria Consumers are Shopping More Online Since the Start of Pandemic, Reveals Mastercard Study

Data top-up (94%), clothing (64%) and beauty products (56%) top the virtual shopping list in Nigeria Top learning experiences include online banking, learning to manage health & get medicines online, cooking & learning a new language Social media has become an integral platform for connecting consumers to online businesses Secure checkout experience recognized as fundamental

Media Statement Re AYO Banking Facilities

JSE-listed technology investment group, AYO Technology Solutions Limited (AYO), has filed an urgent high court application to interdict First National Bank (FNB) from terminating its transactional banking facilities with effect from 3 May 2021. FNB provided no reasons for its decision to terminate its banking relationship with AYO notwithstanding AYO’s requests for it to do

IFC, Nedbank Partner to Increase Green Financing

IFC, a member of the World Bank Group, and Nedbank Limited have partnered to increase financing for renewable energy projects in South Africa, helping the country transition to cleaner forms of power, reduce greenhouse gas emissions, and create jobs in the renewables sector. IFC will provide Nedbank Limited, a wholly owned subsidiary of Nedbank Group,

Standard Bank Scoops Another International Award

Standard Bank was recently awarded the Celent’s Model Risk Manager 2021 Award for the KYC on the Go App, which is enabled by the Microsoft Power Apps platform. Celent’s annual Model Risk Manager Awards recognise the best practices of technology usage in different areas critical to success in terms of risk. The submissions are judged

Payment System Launched for Un-Banked Millions in Africa

SendSpend poised to become frontrunner in race with payment giants. According to The World Bank’s Global Findex Database, in 2015 there were 350 million unbanked people in Sub Sahara Africa. Global Findex statistics are regarded as the world’s most comprehensive collection of data still cited today, which analyses how adults save, borrow, make payments, and

Huawei Expands Partnership with Mondia Pay for Safe, Contactless Mobile Payment Services

Huawei Mobile Services has teamed up with Mondia Pay, a digital payments company, to roll out seamless and contactless payments solutions for mobile network operators. Since the commencement of the partnership in September 2020, demand for the implementation of Direct Carrier Billing service (DCB) for seamless, contactless payments for mobile users in the MEA region