GCB Bank has posted profit before tax of GH¢317.13 million for the nine months period ending September 30, 2019. This is an improvement over the GH¢224.99 million recorded over the same period in 2018 financial year and represents 40.9% increase. During the period, total revenue amounted to GH¢1.13 billion, up 25.1% compared to GH¢ 903.23
Interswitch Limited, a leading technology-driven company focused on the digitization of payments in Nigeria and other African countries is pleased to announce the acquisition of e-Clat Healthcare Limited, a Nigeria-based health technology company that aims to improve healthcare delivery in Africa. The deal was completed on September 30, 2019, and it involves Interswitch acquiring a
Temenos, the banking software company, today announced that Consolidated Bank Ghana Limited (CBG) has gone live with Temenos T24 Transact, the next generation in core banking, to power its operations for retail and corporate banking. Temenos’ cloud-native, cloud-agnostic platform will empower CBG to rapidly and cost-effectively deliver innovative digital banking services and exceptional customer experience.
In pursuit of its goal to contribute to bridging the financial divide, MTN Group has granted third parties access to its Mobile Money (MoMo) Access Programming Interface (API) platform. The open API enables developers and programmers to innovate on the platform and develop products and other solutions that will create a wider range of digital
Cellulant, Africa’s leading financial technology company has announced the launch of Tingg, an all-in-one, multi-functional consumer super app that will include a wide array of payment, commerce and financial services into a single platform that will revolutionize the way customers interact with digital payment services in the continent. Tingg is Cellulant’s solution to the fragmentation
United Bank for Africa (UBA) Liberia has launched its Chat Banking Product dubbed LEO. The online banking product which can be accessed on Facebook Messenger and WhatsApp will allow customers to make use of their social media accounts, to open account, transfer money from one account to another, get account statement, buy airtime, get customer
The partnership will also allow Ecobank corporate account holders to make bulk disbursements, such as payroll payments, directly into Airtel Money customer wallets Airtel Africa (Airtel.Africa), a leading global telecommunications services provider with operations in 14 countries across Africa, and Ecobank Transnational Incorporated (“ETI”) (Ecobank.com), the parent company of Ecobank the leading pan-African banking group operating
In recognition of its commitment and leading role at providing bespoke financial services to its customers and the public in general, through its numerous state of the art and innovative financial products and services, First Bank of Nigeria Limited has been awarded the Best Private Bank and Best Retail Bank in Nigeria Awards respectively by World Finance Magazine
As in many developing countries, cash has been the most prevalent mode of payment in Nigeria until 2012 when the Central Bank of Nigeria (CBN) introduced the cashless policy with the aim of promoting the use of electronic payment channels instead of cash. Since then, banking services in Nigeria have shifted from physical and tangible
GCB Bank Limited, after being voted the Best Bank in Ghana in Anti-Money Laundering (AML) Compliance, has now emerged as Africa’s Best Bank in Compliance. GCB was rated the best among five banks across the African continent namely FNB (South Africa), Standard Chartered Bank (Kenya), BANGE (Equatorial Guinea) and BAI (Angola). This recognition was announced
