Unleashing Economic Potential: The Soaring Growth of Cross-Border Payments in Africa – Synthesis

Posted on by kara | 40538 Views | 22 min read

By Arthi Narayanan, Lead Payments Consultant at Synthesis The pivotal role of digital accessibility for goods and services has become abundantly clear over the past few years. The global economy, now more than ever, relies on the seamless flow of transactions across borders. Whether it involves individuals, businesses, or financial institutions spanning different countries, the

PalmPay Drives Financial Inclusion With Cost-Saving Benefits for Users

Posted on by kara | 15640 Views | 10 min read

In its continued drive for financial inclusion across Nigerian communities, Africa-focused fintech platform PalmPay has unveiled two cost-saving financial products – Unlimited Free Transfer and Target Savings – for users of its app. With the new financial products, users of the PalmPay app can now enjoy unlimited free transfers to all banks in the country

Unlimit Secures Payments Licence in Tanzania and Further Expands Presence in Africa

Posted on by Staff Reporter | 38078 Views | 7 min read

Unlimit, the global fintech company, today announced its entry into the Tanzanian market and the receival of the Bank of Tanzania (“BOT”) licence, marking another significant step in the company’s expansion within the region. The approval of Unlimit as an authorised payment service provider by the BOT will allow the fintech to provide a range

Mastercard Appoints Folasade Femi-Lawal as the New Country Manager for West Africa

Posted on by Staff Reporter | 34215 Views | 16 min read

Mastercard, a leading company in digital payments and technology, is pleased to announce the appointment of Folasade Femi-Lawal as the new Country Manager and Area Business Head for West Africa. With over 25 years of multifaceted experience spanning financial services, management consulting, telecommunications, and business advisory services, Folasade brings a wealth of knowledge and expertise

SA stands to win big from open banking – with the right attitude – Network International

Posted on by Staff Reporter | 30871 Views | 22 min read

The benefits of open banking have been spoken about within the global banking sector for some years now. While some local banks have already made concerted efforts to embrace the innovation opportunities that come with open banking, global payments as a service (PaaS) specialist, Network International, believes there is room for a more collaborative mindset

Payhippo Appoints Dami Olawoye as New CEO

Posted on by Staff Reporter | 31126 Views | 14 min read

Payhippo, a leading AI-powered lender for SMEs in Nigeria, today announced the appointment of Dami Olawoye as its new CEO. Olawoye, who previously served as Payhippo’s CFO, will succeed Zach Bijesse, who is transitioning to a role on the company’s board of directors. Under Bijesse’s leadership, Payhippo achieved remarkable milestones, including disbursing over 36,000 SME

enza group and Wema Bank Join Forces to Boost Ecommerce Payment Acceptance

Posted on by Staff Reporter | 120402 Views | 11 min read

enza’s innovative Payment Orchestration will enable Wema Bank to provide secure and reliable payment options at a reduced cost enza, the acclaimed new disruptor in the African payments market today announced its strategic partnership with Nigeria’s most innovative bank, Wema Bank. Through this partnership, enza will engineer its innovative payment orchestration solution to expand Wema’s

FirstBank Introduces the First Humanoid Robot, Reinforces Its Commitment to Providing Innovative Financial Solutions for Customers

Posted on by Staff Reporter | 24939 Views | 9 min read

FirstBank has launched an industry first Humanoid Robot at its Adetokunbo Ademola VI, Lagos Digital Experience Centre (DXC) Branch The robot is among the phased configuration of the bank’s state-of-the-art digitally led self-service branch The Humanoid Robot is equipped with Video Banking and Artificial Intelligence (AI), taking on the role of a friendly branch staff

PalmPay Unveils New Savings Feature with up to 20% Annual Percentage Rate (APR)

Posted on by Staff Reporter | 36256 Views | 14 min read

PalmPay, a leading Nigerian financial platform, has unveiled its latest product – a high yield savings feature which offers its customers the opportunity to earn up to 20% annual interest rate Flexible and fixed-term savings are now available on the PalmPay app, enabling its customers to earn up to 20% annual interest rate; the company

GCB Bank Posts Strong Performance in 2022 Despite DDEP and is Poised For Growth in 2023 and Beyond

Posted on by Staff Reporter | 21115 Views | 17 min read

GCB Bank PLC (GCB) has announced its full-year (FY) 2022 financial results highlighting the Bank’s strong performance despite the impact of the Domestic Debt Exchange Programme (DDEP). Total Operating Revenue grew by 24 percent to GHS 3.0 billion. This was underpinned by broad based growth across all the key revenue lines. Net interest income was