Category: <span>Banking</span>

The Nigerian fintech firm Paystack came out to announced that is launching pay with Apple Pay on its platform. In a statement the company said the integration is “the fastest, secure way for Nigerian businesses to accept international payments.”  Speaking to TechCrunch, Khadijah Abu, the head of product expansion at Paystack said, “we’re the first...

PayPal payments solutions rolls out financial ‘super app’. The international online payment solutions system makes paying for things online and sending and receiving money safe and secure.  What is Supers Apps? Super apps are like other apps, but more stuffed with features and capabilities. Perhaps best known as major players in various Asian economies’ digital space. ...

FNB leads financial services as most Used Loyalty Programme! FNB eBucks is still leading loyalty in non-retail, and has been the most used loyalty programme in the financial services space for the past six years. When forced to choose one loyalty programme over all others, FNB eBucks is chosen as the one loyalty programme which South...

Rand Merchant Investment (RMI) announced plans to unbundle its large stakes in Discovery and Momentum Metropolitan directly to its shareholders. RMI is currently the largest shareholder in both companies, owning 25% of Discovery and 27% of Momentum Metropolitan. Following the unbundling, RMI shareholders will hold shares in these companies directly.  The RMI board hopes this...

Facebook is always on the move and thinking on how to make businesses better and to maximise its potential.  The social media gorilla (giant) is introducing new products and features for business owners, this comes after the threat to its ad targeting business driven by Apple’s new privacy features.  Facebook plans to expand this new...

The Nigerian fintech space is alive and kicking as the majority of people are moving away from traditional banking in favour of fintech platforms. The majority of micro-businesses are underserved by banking institutions and data is not available for these businesses to make smart decision.  Fintech startup stick their neck out to change the status...

 Australian company Zip is making business moves in South Africa, this week the company bought Payflex, the South African buy now and pay later firm for an undisclosed amount of cash.  BNPL payment services has been making headlines recently, its a trend that is at the upward trajectory. Last month we saw Jack Dorsey’s Square...

Reserve Bank Governor Lesetja Kganyago said South Africa needs a point target of inflation of around 3% or 4%, and not the current target range of 3% to 6%. Mr. Kganyago delivered a keynote address on 21 years of inflation targeting at Stellenbosch University on Wednesday. South Africa’s target range for inflation is between 3%...

Seasoned marketing executive, Sbusiso Kumalo, has taken over the reigns as African Bank’s chief marketing officer and member of the executive committee as of 1 August 2021. Kumalo has over 20 years of experience, mainly in financial services. His most recent appointment was at Capitec. He joined Capitec in 2007 as brand manager and played...

Merchant payments platform Square is turning the company’s popular free invoicing software into its head. The company announced a paid subscription offer called Invoices Plus.  Twitter founder and CEO Jack Dorsey’s payments service and solutions company will provide sellers a set of advanced features and previously available with the free service as part and parcel...