A Nairobi-designed digital wallet service is nipping at the heels of Eswatini’s mainstream banks and telcos, proving that African expansion can be a gainful strategy for Fintech startups. SPECIAL REPORT | BIRD AGENCY | Instacash, a mobile money platform, has begun to break the decades-long hold of traditional banks …
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The “Beera Steady, Be Better” campaign has led to an 86% reduction in fraud incidences Kampala, Uganda | JULIUS BUSINGE | Fintech firms, MTN Mobile Money Uganda Ltd and Airtel Money Commerce Uganda Ltd, have collectively reported a remarkable Shs 452.7 billion in profit after tax for the year ended December …
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Kampala, Uganda | THE INDEPENDENT | Pan-African Banking Group, Ecobank Group, has announced Koree, a fintech company based in Cameroon, as the overall winner of the 2023 Ecobank Fintech Challenge. The announcement was made by a distinguished panel of judges during the competition’s Grand Finale at the bank’s headquarters at the …
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Lusaka, Zambia | African Media Agency | The stage is set for the largest gathering of fintech stakeholders from around Africa and the globe as the Africa Fintech Summit prepares for its 10th edition. The summit, renowned for fostering meaningful conversations, partnerships and other ecosystem-enabling engagements, is scheduled to take …
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Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda is due to launch new measures to enhance the security of online and mobile transactions as the financial technology industry grows. The financial sector is enjoying much faster growth than in years prior to the last decade boosted by digital innovations, …
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Kampala, Uganda | THE INDEPENDENT | Ecobank Group, the Pan-African banking group, has invited innovative and ambitious African fintech entrepreneurs from across Africa to apply to participate in the 6th edition of its Ecobank Fintech Challenge. Similar to previous editions, the Fintech Challenge offers exceptional prospects for Fintechs that align …
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Standard Bank Group has arranged sustainability-linked, multi-currency facilities to support M-KOPA’s growth in Kenya and Uganda Johannesburg, South Africa | THE INDEPENDENT | Regarded as a pioneering and leading fintech platform, M-KOPA’s solutions provide underbanked customers with instant access to everyday products and services via its flexible credit model. M-KOPA’s customers …
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Africa’s fintech space continues its pandemic-induced growth with a 25% jump in new finance app installations in 2022, energised by the rapid adoption of mobile banking solutions. Accra, Ghana | BIRD AGENCY | A new report by AppsFlyer and Google analysed more than 140 million installs across 3,000 finance …
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Kampala, Uganda | THE INDEPENDENT | The financial technology (FinTech) industry has grown faster than the managers of the economy had anticipated, with the number of FinTechs growing from just five in 2017 to 189 in 2022. This has come with regulatory challenges due to the complex nature of the industry that …
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But Africa remains the most concerned region about consumer protection and cybersecurity risks | THE INDEPENDENT | Accountants now need to take advantage of the possibilities that come with FinTech given that the latter provides products that are solving actual problems, according to the Bank of Uganda Deputy Governor Michael …
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