Banks Must Embrace Next-Generation Solutions to Meet Customers’ Demands for a Data-Driven Journey – BFSI from Infobip

By Dean Baker, Squad Lead, BFSI from Infobip South African banks have weathered rough seas during the past year, with many of their customers coming under severe pressure from a stagnant economy, rising cost of living and high interest rates. Despite these storms, the financial services industry is still delivering good profits and growth, but

Mastercard and Onafriq Collaborate to Increase Accessibility to Financial Services Across Africa’s Payment Ecosystem

Mastercard and Onafriq (previously MFS Africa), a pan-African payments company, have collaborated to bring secure, cost-effective, and innovative payment options to consumers, as well as small and medium enterprises (SME) across the continent. Africa’s mobile money sector is one of the most established and fastest-growing fintech industries in the world. According to The State of

Innovate or Stagnate – Amplifin

The modern landscape is continually and rapidly evolving, with innovation becoming an indispensable component of growth and adaptation. A recent Harvard Business School online article highlighted the importance of innovation in business as a critical driver of success. Besides success, considering the rapid – almost daily, it seems – advancements in technology such as AI,

CR2 named Technology Leader in SPARK Matrix for Digital Banking Platforms 2024

CR2, the global digital banking and payments platform has achieved “Technology Leadership” position in Quadrant’s report on Digital Banking Platforms 2024. The report offers an in-depth analysis of the global Digital Banking Platform market, including trends, competitive landscape and a SPARK Matrix ranking of top vendors to guide technology providers and banks in their strategic

Zeepay Raises Equity From Leading Institutions to Support Its Ongoing Expansion

Africa50 and Oikocredit lead equity investment in Ghanaian fintech Zeepay to support Africa expansion; The investment will support the expansion of Zeepay’s cross-border remittances and mobile financial services business across Africa and the Caribbean; The investment was made by Africa50, Oikocredit, Injaro Ghana Venture Capital Fund (IGVCF) and Verdant Capital Hybrid Fund, with a follow-on

Decoding Financial Crime to Address South Africa’s Financial Crime Emergency – RelyComply

South Africa’s financial sector faces an Anti-Money Laundering compliance crisis, with authorities cracking the whip on institutions that fail to meet their obligations to combat financial crime and the country’s continued presence on the Financial Action Task Force (FATF) grey list, adding to the cost of doing business. That’s according to Bradley Elliott, CEO at

Fintech Startup Float Secures $11 Million in Funding From Standard Bank

Standard Bank has provided an $11 million facility to fintech Float, which will facilitate the rollout of its card-linked instalment platform, supporting its accelerated growth plans over the next four years. Float is a new payment method that encourages responsible credit card usage and, at the same time, helps merchants to grow their sales. The

Mastercard Partners With Fintech Sava to Empower Africa’s Small Businesses Through Financial Management Technology

Mastercard and Johannesburg-based fintech company SAVA have announced a partnership that will support small, medium, and micro enterprises (SMMEs) through innovative payments technology and infrastructure. Through the partnership, the two entities will provide small businesses in South Africa, Nigeria, Kenya, and Egypt with an online platform, powered by SAVA’s Payment Transaction System (PTS), that includes

PAX Technology Celebrates Payments Innovation at Worldwide Partner Conference

PAX Technology, the world’s leading payment terminal solutions provider, recently held its World Partner Conference in Ho Chi Minh City, Vietnam. The event saw PAX unveil a number of new Android payment terminal solutions to its global community of channel partners and payment system integrators from around the world, which will come to market during

Don’t Let Innovation Be a Casualty of Rapid Digital Transformation – Network International

While there is no doubt that banks around the world fast tracked their digital transformation plans as a result of the pandemic, a report from Accenture posits that the rapid growth in digital services may have negatively affected innovation in the sector. In order to overcome this and truly innovate for the customer, local banks