Mastercard and Jordan Kuwait Bank Launch First World Elite Biometric Credit Card in Middle East & Africa
Mastercard and Jordan Kuwait Bank (JKB) have partnered to launch the Jordan Kuwait Bank Biometric World Elite Mastercard – the first commercially-available Mastercard biometric card in Jordan and the first World Elite card in the Middle East and Africa region to feature biometric authentication Benefiting from Mastercard’s industry-leading technology, Jordan Kuwait Bank cardholders will be the first in Jordan to enjoy fast and easy...
Ecobank Group names Jubril Mobolaji Lawal as Regional Executive and Managing Director Designate for Ecobank Nigeria
Ecobank Group, the leading pan-African banking group, announces that Jubril Mobolaji Lawal has been appointed as Regional Executive and Managing Director designate of Ecobank Nigeria, subject to the approval of the...
Mastercard and ProgressSoft Partner to Simplify Remittance Solutions across Middle East and North Africa
Collaboration to simplify and speed up cross-border remittances for consumers Enables banks to onboard Mastercard Cross-Border Services within half the time as compared to before Mastercard has entered into a...
Cassava Technologies and Mitsui Sign a Memorandum of Understanding to Accelerate Digital Transformation in Africa
Partnership will further development of digital infrastructure and services in Africa Cassava Technologies, Africa’s first integrated tech company of continental scale, has announced that it has entered into a...
The Mauritius Commercial Bank (MCB) Upgrades its Dubai Presence to Build Stronger Bridges between Africa and Global Markets
This expansion of the MCB’s scope to the Middle Eastern region is aligned with its mandate to further facilitate transactions to and from Africa The Mauritius Commercial Bank (MCB) (www.MCB.mu) announces that it has...
TradeDepot Raises $110 Million To Extend ‘Buy-Now-Pay-Later’ to Retailers Across Africa
TradeDepot, the leading B2B eCommerce and embedded finance platform in Africa, has raised $110 million in an equity and debt funding round to support the delivery of Buy-Now-Pay-Later services to 5 million SME retailers...
Financial Inclusion on the Agenda as Mukuru Card Customers can Now Make Online Purchases
Mukuru, one of the largest remittance companies in Africa and a leading next generation financial services platform, has announced that its Mukuru Card has been activated for online purchases in South Africa, allowing holders of the card to take part in the eCommerce revolution even if they don’t hold traditional bank accounts. Mukuru CEO Andy Jury says one of the promises of fintech is financial inclusion, and so making the Mukuru...
Hyland’s Alfresco Process Automation Platform Helps aYo Boost Financial Inclusion and Change Lives in Africa
aYo, a provider of micro hospital and life insurance cover for underserved communities in Africa, has slashed claims processing time and costs thanks to claims automation built on Hyland’s Alfresco Process Automation...
Economist Impact and Mastercard Study Reveals that Middle East and Africa is a Fertile Ground for the Growth of Super-apps
Super-apps offer a single location from which a consumer can engage in diverse commercial transactions, from calling a cab to paying an electricity bill Wide-ranging study by Economist Impact, the research and...
Workpay Partners with Kwara to Offer Streamlined HR & Payroll Services to SACCOs in Kenya
The partnership will enable SACCOs to efficiently manage their Human Resource operations in one platform. Digital banking fintech startup Kwara has partnered with Workpay to offer Savings and Credit Co-operative Societies (SACCOs) in Kenya with human resource management and payroll processing solutions.The partnership will enable SACCOs to automate their Human Resource (HR) processes as a complimentary service to Kwara’s products i.e...
How Seamless Payment Experiences Make Retail Brands More Valuable and Relevant
Awareness and adoption of digital-first grocery shopping experiences, particularly from a payment perspective, were steadily growing As established brands in the retail sector aggressively compete to acquire, cultivate,...
Standard Bank Brings Apple Pay to Customers
A safer, more secure and private way to pay with iPhone and Apple Watch Leading financial services provider Standard Bank, today brings its customers Apple Pay, a safer, more secure and private way to pay that helps customers avoid handing their payment card to someone else, touching physical buttons or exchanging cash — and uses the power of iPhone to protect every transaction. Customers simply hold their iPhone or Apple Watch near...
Mastercard and Meta Join Forces to Support the Digitization and Growth of SMEs in MEA through Times of Uncertainty
Collaboration to benefit SMEs in the Middle East and Africa region The world is moving at a faster pace with globalization being fuelled by technology which is enabling companies to scale beyond borders at a pace of months as opposed to years previously. In this context, Mastercard is collaborating with Meta to support the digitization and growth of SMEs across the MEA region by organizing a training webinar that will provide SMEs...
Standard Bank’s 2022 Pricing: Minimal Fee Increases, Focus on Digital Adoption to Bring Cost Savings for Clients
Clients can look forward to cash convenience, free value-added services, and simplified fees In the current, challenging economic environment, clients are seeking value and cost-savings more than ever before. With these needs front of mind, Standard Bank has developed its 2022 pricing strategy, which aims to ensure that clients, from consumer to business banking, can enjoy peace of mind in knowing that they will not be impacted by...
Absa Signs Significant Contract with Software Solutions Provider to Enhance Customer Service
Absa Bank has signed a long-term contract with Salesforce, a global leader in customer relationship management (CRM) solutions, to bring about a step change in servicing individual and business-banking customers as the...
Tutuka and Paymentology Create the World’s First Global Issuer-processor Spanning 49 Countries
The move brings together the ultra-advanced, multi-cloud platform of Paymentology, with the global reach and experience of Tutuka In a move upending the hottest part of the fintech market, two of the world’s leading...
Bank One Elite Banking awarded “Best Mass Affluent Banking Offering” for its Cross-border Services
The “Best Mass Affluent Banking Offering” title recognises the efforts of Bank One in serving mass affluent customers Bank One (www.BankOne.mu) announced that it won the Best Mass Affluent Banking Offering award in the Service Innovations category at the Global Retail Banking Innovation Awards 2021 (GRB21) organised by the Digital Banker. Every year, The Digital Banker celebrates “the world’s most cutting-edge retail banks that...