Africa

Verto transforms cross-border B2B payments with ForexPeople partnership

11 October 2022

Verto, a leading B2B cross-border payments and Foreign Exchange (FX) enabler, has partnered with ForexPeople to bring secure, fast and seamless global payments to South African businesses buying, selling, or operating globally. With more than US$1.5 billion...

A stats-based approach to hybrid work in the financial sector

8 September 2022

A flexible office environment can better align employee needs and business goals, but the financial and banking sector seems to be reverting to old habits and rallying for in-office presence. Ekta Puthran, MEA Lead – Collaboration,...

Carbon transforms into a full-service bank on Mambu

6 September 2022

Carbon Finance, a Pan-African microfinance bank, has announced it has extended its partnership with Mambu to continue growing its financial services offering and accelerate expansion. The agreement enables Carbon to offer the full-spectrum of...

Grey raises US$2 million to simplify cross-border payments across Africa

1 September 2022

Grey, a FinTech started to simplify sending and receiving foreign payments for Africans, has raised US$2 million in seed funding. The service offered by Grey enables its customers to have virtual international bank accounts for free and enjoy a seamless...

PalmPay hits 10 million user milestone in Nigeria

31 August 2022

PalmPay, a FinTech innovator aiming to make digital payment more accessible and flexible, has announced that it has reached 10 million users in Nigeria. This represents a doubling in its user base within just six months and puts its customer numbers in the...

Banque Misr ensures banking Business Continuity and digital employee engagement

29 June 2022

Banque Misr, one of Egypt’s largest banks, has announced a Digital Transformation partnership with global technology company SAP in support of Egypt Vision 2030, for Business Continuity and employee engagement during and post-COVID-19. Egypt is one of...

Global development finance coalition commits over US$5.5 billion for MSME financing in Africa 

4 April 2022

The  coalition for a sustainable and inclusive recovery of the private sector – an international group of 20 development finance institutions that came together in 2020 – has announced commitments of over US$5.55 billion of financing to...

BFS goes live on Temenos SaaS to deliver finance faster

29 April 2021

Temenos, the banking software company, has announced that Barko Financial Services (BFS), a South Africa-based microfinance institution, has gone live on Temenos Software-as-a-Service (SaaS) to make it faster and easier for South Africans to access finance...

Blockchain is propelling finance, trade and government initiatives in Africa

5 November 2020

Blockchain is a type of distributed ledger for maintaining a permanent and tamper-proof record of transactional data. A Blockchain functions as a decentralised database that is managed by computers belonging to a peer-to-peer (P2P) network. Industry experts...