Archive for the ‘Banking & Financial Services’ category

Why a new fund is targeting intra-Africa trade

COMESA is set to see up to US$1bn injection with new trade finance fund.

What Bitcoin could mean for remittances in Africa

Could Bitcoin help curb Africa’s loss of US$1.8bn annually in remittance fees?

Why a South African law firm is accepting Bitcoin as a payment option

Thomson Wilks is now accepting the crypto-currency Bitcoin as a form of payment from its clients.

US private equity firm Carlyle bullish about Nigeria

Carlyle recently made a $147m investment in Nigeria’s Diamond Bank.

Payments company adapts business model to reality of African market

Skrill’s emerging market model will be launching in Côte d’Ivoire, Rwanda and Tanzania in the next few weeks.

Why M-Pesa’s Kenya business model had to be altered for South Africa

Herman Singh explains why M-Pesa’s Kenyan model failed in South Africa in 2010, and why the revamped version will succeed.

Unpacking credit card usage in Africa

Credit card usage in Africa trails other continents significantly.

New Kenyan ‘thin SIMs’ poised to transform African mobile money

Equity Bank is rolling out its own mobile network using a new paper-thin SIM card that sits on top of an ordinary SIM.

How Standard Chartered is using smartphones to understand Nigeria’s economy

Accurate market data is often hard to come by in many African countries.

ATMs still have a future in Africa, says Diebold

While mobile payments is leapfrogging traditional financial services infrastructure in Africa, Diebold says there’s still strong growth potential for ATMs.

‘Facebook and online shopping? Yes! But please no internet banking’

Internet-loving Nigerians slow to adopt web banking.

Meet the Boss: Karl Westvig, CEO, AFB

“You can’t build a big business without trusting people.”

AFB’s lending model based on trust rather than collateral

How we made it in Africa speaks to Karl Westvig, CEO of financial services firm AFB.

E-payment start-up SimplePay wants to beat cash in Nigeria

How we made it in Africa interviews the entrepreneurs behind SimplePay.

Why 100m Nigerians could soon have a MasterCard in their wallets

Nigeria’s controversial new MasterCard-branded identity card is a huge coup for the payments company.