Category: <span>Banking</span>

EBANX becomes the first global payments company to go live with OPay Direct Debit, a new solution for recurring transactions within the digital wallet of OPay, the leading digital bank in Nigeria. By offering this payment option at checkout through EBANX, global subscription businesses can now reach OPay’s 40 million monthly active users, representing one in three...

MoonPay, a global crypto payments and stablecoin infrastructure company, is pursuing a strategic collaboration with Dunamu in the field of global financial infrastructure built on digital assets. The two companies will jointly identify new business opportunities across areas including stablecoin-based global payments and fund movement, and corporate finance and treasury management. By combining MoonPay’s global financial services and network with...

Nigeria’s Dangote Petroleum Refinery and Petrochemicals has extended the application period for its initial public offering by two weeks to October 27, citing strong investor interest across Africa and efforts to ​broaden access to the share sale. The company said on Monday that Nigeria’s Securities ​and Exchange Commission had approved the extension of the offer, which ⁠opened...

As AI reshapes investing and advisory roles, WMI targets 21,000 enrolments in practical, role-specific AI training for wealth and asset management professionals over three years. Investors and advisers must learn to work effectively with artificial intelligence (AI) to remain competitive as the technology transforms decision-making and makes sophisticated capabilities broadly accessible, Mr Ray Dalio said...

Oracle Financial Services expanded its financial crime and compliance management portfolio with the availability of Oracle Nexus Case Flow and Oracle Nexus Reach for financial crime investigations. The solutions deliver new agentic AI capabilities that enable financial institutions to more easily manage the growing volume of alerts and cases while better controlling compliance costs and investigative capacity. With agentic capabilities built...

Companies avoid a lot of headaches when a trusted third-party manages their executive remuneration. Modern payroll platforms help organisations manage transparency and reduce complexity. Enterprises are now using these technology improvements to separate and derisk highly sensitive executive payroll management through outsourcing. The majority of enterprises have consolidated their payroll systems onto integrated, technology-enabled platforms...

GoTyme Bank chief executive officer Cheslyn Jacobs believes customers should not have to pay a premium to access their money immediately, challenging conventional approaches to banking fees and payment speeds. In an interview with BizCommunity recently, the publication asked: GoTyme Bank has experienced rapid growth since entering the market. What does this growth reveal about...

Stanchion Payments has announced the appointment of Carlin Wicomb as Regional Managing Director: Africa. Carlin brings over 15 years of experience in payments and fintech throughout Africa and emerging markets, combining deep technical expertise with a strong track record in commercial leadership. Given the company’s ambitious expansion plans, Carlin’s experience in building and scaling operations...

Africa’s largest telecoms operator MTN Group is exploring banking licences in select markets as the company looks to expand lending from its own balance sheet, CEO Ralph Mupita said on Tuesday, 25 August. MTN is stepping up its push into fintech services to drive growth beyond traditional telecommunications revenue, with lending emerging as one of...

JSE-listed fintech Lesaka Technologies is rebranding Kazang Insights as Lesaka Data & Insights as part of the consolidation of its merchant-based businesses under the name of Lesaka Merchant Division. Formed through Lesaka’s 2024 acquisition of Touchsides from Heineken International, Lesaka Data & Insights now operates as a neutral data and insights partner to FMCG brands,...