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Innovation doesn't have to be disruptive

It is clear that technology is changing the landscape of financial services in rural Africa, says KPMG...

8 Aug 2017

Jamii Bora Bank introduces integrated digital banking platform

Jamii Bora Bank (JBBL), a Kenyan SME lender, has launched an integrated digital banking system to enable its customers to conduct business online...

31 Jul 2017

UnionPay International signs strategic memorandum of understanding with GIM-UEMOA

A partnership between UnionPay International and GIM-UEMOA will see GIM-UEMOA become an UPI acquirer and processing service provider to financial institutions in the West African Economic and Monetary Union, UEMOA zone...

Issued by UnionPay International 21 Jul 2016

Namibia joins Africa's mobile phone banking boom

Namibia is among the few African countries with money account penetration greater than 10%, a study done by rating agency Moody's Investors Service said. Namibia's penetration is 48%...

10 Feb 2016

InstantMoney now in Botswana and Uganda: Namibia to follow

Standard Bank has expanded its InstantMoney payment solution to Botswana and Uganda, with Namibia to follow...

22 Jul 2015

New app will allow SMEs to buy government bonds

Small and medium enterprises in Kenya will be able to save and invest in government bonds with just Ksh3,000 via a mobile phone platform...

20 Jul 2015

SimbaPay launches M-Pesa Paybill service

SimbaPay has launched a product that allows Kenyans living abroad to make M-Pesa PayBill payments. This is a new addition to the existing SimbaPay platform...

11 Jun 2015

MasterCard becomes first international payment network to enter Somalia

As a result of the partnership, Premier Bank will now issue and accept the first MasterCard-branded payment cards in Somalia, a country which hasn't had any form of formal banking service since the collapse of the government...

3 Jun 2015

Email scam nets $214m in 14 months: FBI

WASHINGTON, US: An email scam, which targets businesses with bogus invoices, has netted more than $214m from victims in 45 countries in just over one year...

23 Jan 2015

Equity Bank introduces mobile banking smart SIM

Kenya's Equity Bank will be issuing an ultra-thin mobile banking smart SIM with patented technology from Taisys. The bank's customers can now enjoy funds transfer, micro-payments and other mobile financial services...

7 Oct 2014

Could Africa become like China?

Africa's changing demographic over the next three-and-a-half decades could transform the continent into the next China, but only if its youthful population is educated and entrepreneurial.

By Jana Marais 19 Aug 2014

Bank on change in Africa

I have been part of the 'banked' segment of civilization since I was five years old. I have tried it all, from savings to home-loans, vehicle finance to credit card...

By Cobus van Zyl 1 Jul 2014

Kenya's PesaPoint to launch expansive agent network

Similar to the PesaPoint ATM network, PesaPoint is set to launch an expansive network, 'super Agent Network', composing over 1200 agents countrywide.

24 Jun 2014

SA Taxi's cash pile opens new frontiers

South Africa's largest minibus financier, SA Taxi, is looking for opportunities to expand its minibus lending business into other African countries and could direct R100m to its domestic finance project.

12 Jun 2014

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