Post Tagged with: "Africa"

Banking API innovation from emerging and frontier markets

Banking API innovation from emerging and frontier markets

by July 21, 2016 at 1:00 am 1 comment

Two big themes on Daily Fintech are: First the Rest, then the West (the idea that innovation in the 20th century flowed from the West (America and Europe) to the Rest (Of the World, aka ROW, emerging, developing, frontier, high growth) and in the 21st century that flow of innovationRead More

The Trigger for Electronic Cash Comes From the Underbanked.

The Trigger for Electronic Cash Comes From the Underbanked.

by March 18, 2016 at 3:00 am 1 comment

The humble ATM is holding up well. Folding notes are OK. According to research firm RBR, reported here, ATM cash withdrawals rose almost as quickly as cashless payments since 2010 (7.1% vs 7.6%). 4 Reasons Cash is So Resilient # 1: Merchants don’t like the fees on credit cards. # 2:CashRead More

BitFury Invests in BitPesa, Pan-Africa Bitcoin Trading Platform

BitFury Invests in BitPesa, Pan-Africa Bitcoin Trading Platform

by March 1, 2016 at 5:33 pm 0 comments

BitFury, the world’s leading bitcoin blockchain infrastructure provider and transaction processing company has just made an investment in BitPesa — a universal bitcoin payment and trading platform for Africa. The official announcement below suggests that bitcoin is seeking a way to give the pan-African continent open access to the financial benefits of aRead More

VIDEO: Standard Bank Launches Mobile Payments — With 3% Fee

by May 22, 2014 at 11:20 am 0 comments

Standard Bank in South Africa introduced a new mobile payments option for merchants called SnapPay — and the bank is still charging merchants a hefty processing fee. There is a hope that direct connections between banks and retailers would help merchants avoid card fees. That is not the case here.Read More

FNB South Africa Is Turning In Impressive Mobile Transaction Volume

FNB South Africa Is Turning In Impressive Mobile Transaction Volume

by April 9, 2014 at 12:35 pm 0 comments

The financial services story in Africa has been dominated in recent years by M-PESA, the Kenyan mobile payments service. But an there’s also a mobile banking story worth noting at First National Bank of South Africa. FNB, as it is called, is doing an impressive 230 million mobile banking transactionsRead More

5 Most Popular Banking Questions on Quora Right Now

5 Most Popular Banking Questions on Quora Right Now

by August 5, 2013 at 10:48 am 0 comments

Some have suggested that Quora might be the new Google. While we won’t go that far, the Q&A site offers a unique window into what’s bugging people right now, including those engaged in financial services. Here are the five most popular banking-related questions being fielded on Quora right now: This OrangeRead More

[VIDEO] The State of Mobile Money in Africa

by April 11, 2013 at 9:14 am 0 comments
A New Take on ‘Mobile’ Banking

A New Take on ‘Mobile’ Banking

by December 5, 2012 at 10:42 am 0 comments

Put down your smartphone, we’re talking about a different kind of mobile banking here. You’ve heard of food trucks, right? And maybe you’ve even seen mobile post offices. Buying stamps and mailing packages out the side of a truck doesn’t seem so strange. So how about a bank in truck?Read More