Digital Africa

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Opera to acquire controlling stake in Nigerian mobile money platform, PayCom

The company behind the popular Opera browser, Opera Software is about closing an acquisition deal for Telnet Nigeria Limited’s mobile money platform …

Nigerian lendtech Fint unleashes loan marketplace

Lagos-based lendtech start-up Fint has powered up offering loans as it seeks to gain a share of the financial inclusion market.<p>“The better your …

Sub-Saharan Africa remains the dominant force in mobile money

Mobile money hasn’t just changed the economic and social fabric of Africa. It has changed the world.<p>Latest research1 shows that in 2017, the mobile …

Economic Development

Meet Leo by UBA; UBA Launches Chat Banker to Change the Face of eBanking

Nowadays, most banking transactions are carried out by using USSD codes or using a mobile app, Leo by UBA is here to revolutionize ebanking by …

A mobile banking service is transforming how the poor transfer money — here's how it works

It's called M-Pesa, and it has lifted hundreds of thousands of people out of poverty in Kenya.<p>"Pesa" is Swahili for money. The Kenyan service provider Safaricom launched M-Pesa in the East African nation 10 years ago, and since then it's enabled countless people to move small amounts of their own …

The surprising place where cash is going extinct

Somaliland, a self-declared republic in East Africa, faces high illiteracy and has an economy ravaged by a civil war. But it might just become the first cashless society on Earth.<p>Half a dozen men crowd round one of the many small colourful wooden shacks off a main street in Hargeisa, Somaliland, …

UBA Group deploys AI-powered callback technology for instant customer response

<b>United Bank of Africa Group, (UBA) is going above and beyond the legacy banking systems to omni channel marketing and social media lead generation,</b> …

Customers

Why Africa’s growing fintech scene is attracting investors

<b>A total of 57 African fintech startups raised over US$92 million in funding between the beginning of 2015 and end of May 2017, with the amount of</b> …

Safaricom Plans Mobile-Money Roll-Out After Vodafone Stake Sale

Safaricom Ltd. may expand its popular mobile-banking service M-Pesa into countries such as Nigeria and Angola, as East Africa’s biggest company …

Nigeria occupies 7th place on PoS transactions in Africa

Nigeria occupies seventh position among African countries where the use of point of sale (PoS) form part of transactions, Nigeria CommunicationsWeek …

Kenya is launching the world’s first mobile-only government bond

Kenyan citizens will soon be able to buy government bonds on their cell phones. Kenya’s Treasury said today that the M-Akiba bond, the world’s first mobile-only government bond, would go on sale on Thursday after a delay of almost two years.<p>Kenya first announced plans for the bond, named after the …

Africa

United Bank for Africa - Africa's Global Bank

UBA Group<p>April 16, 2018<p>We are officially the number 1 Financial Institution to work in Nigeria<p>April 16, 2018<p>Nigerian Stock Exchange (NSE) migrates …

MTN Ghana Makes Mobile Payments Easier With TAP2PAY NFC Service

Share<p>MTN Ghana, the leading telecommunications service provider in Voice, Data and Mobile Money services has launched the ‘Tap2Pay’ service, another …

Report: Nigerian Retail Banking Sector to see 92% Disruption by FinTech

Advertisement<p>A report has shown that retail banking and fund transfers in Nigeria are the two biggest areas that are most likely to be affected by …

Uganda: Digital Banking - Why It Is Good for Business and Jobs

United Bank of Africa mobile banking.<p><i>When The Independent recently spoke to William Sekabembe, the chief of business and executive director at dfcu</i> …

Banking

Mobile payments will soon dominate epayment - Ecobank

<b>Tunde Kuponiyi, Head, Consumer Distribution, Ecobank Nigeria discusses the challenges confronting adoption of electronic payments in Nigeria,</b> …

Money via mobile: The M-Pesa revolution

<b>When 53 police officers in Afghanistan checked their phones in 2009, they felt sure there had been some mistake.</b><p>They knew they were part of a pilot project to see if public sector salaries could be paid via a new mobile money service called M-Paisa.<p>But had they somehow overlooked the detail that …

FinTech In Afrika Is Much More Than Just Mobile Money And Remittances

The African continent faces challenges in the financial technology space that are diagonally opposite to the situation in the western world. With …

Livestock

Fintech for good?

Despite being a hot topic over the last few years, it’s always surprising how little most people know about Fintech. The term refers to the …

Financial Services

Wi-Pay Global Granted Approval for International Remittance Services

Nigeria: USSD tech powers mobile banking revolution

Tobi Onaoluwa, a PhD student at Nigeria’s University of Ibadan, has just finished designing DNA to be used for molecular analysis and is ready to …

CBN and the disruption of cryptocurrencies

CBN and the disruption of cryptocurrencies 07 Feb 2017<p>A circular of the Central Bank of Nigeria, dated 17th January, 2017, warned the deposit money …

Cryptocurrency

South Africa to Establish a Strong Foothold in Fintech Sector

The next fintech and blockchain revolution is waiting to happen in South Africa. The country is already home for some of the most innovative …

South Africa

DIFC sets up FinTech Hive for Africa, others

Are you a fintech entrepreneur and want to commercialise your solutions and products then this is the chance for you to join the FinTech Hive.<br>The …

South African Reserve Bank Plans Introduce National Digital Currency

The use of cryptocurrencies as legal tender is one of the most discussed topics among the cryptocurrency community members. The very thing may soon …

South Africa

Applications to Africa’s largest FinTech accelerator close on 5th Feb

Looking at fintech-focused start-ups, Barclays have designed a unique programme – The Barclays Accelerator, powered by Techstars.<p>The Barclays …

2017: the year fintech shifts its focus to Africa

2017: the year fintech shifts its focus to Africa<p>In many cases, fintech’s rapid growth can be attributed to the industry’s widespread adoption and …

Emerging Markets

Major developments expected for fintech in 2017

<b>From digital banks to mobile-payment solutions, technology is set to change the South African financial services landscape at a pace that will</b> …

Africa’s startups will build a stronger ecosystem with local funding

Startups in Africa’s three leading tech entrepreneurship markets—South Africa, Nigeria and Kenya—raised the most funding in 2016, like the year before. But this year, the total raised on the continent fell by 30.5% to $129 million, according to data collected by Disrupt Africa, from $185.7 million …

Startups