Late last month, Stanbic Bank Uganda in partnership with the Ministry of Education and Sports officially launched the 2017 Stanbic National School Championship at Kampala Serena Hotel. The exciting competition aims to encourage and challenge over 4,000 students from 40 secondary schools; government and private, countrywide in critical thinking and...
Kenyan fintech software development company, Craft Silicon has unveiled an inter-bank money transfer system in Uganda. PC Tech Magazine understands that the system will allow customers in Centenary Bank to transfer money to Finance trust bank in the meantime as the company seeks to extend its foot print in Uganda’s...
Global bitcoin remittance firm Bitwala, earlier last week introduced Bitcoin to M-Pesa transfers in Kenya, Nigeria, Tanzania and Uganda for free of charge in a move the firm says will make money transfers to any part of the world should be simple and convenient. "At Bitwala, we believe that BTC money...
The Bank of Uganda has cautioned the general public against doing business with the new digital currency which he says is not regulated. Dubbed One Coin, the crypto currency located on the website onecoin.eu recently launched in Uganda and has opened up offices in Kampala. According to a statement by the...
Kenyan banks have joined hands to launch a mobile and electronic money transaction service, PesaLink to rival M-Pesa in the mobile money transaction business. The development comes nearly 10 years after the inception of M-Pesa which was initially protested by the same banks in 2007. The banks’ petition was however...
The Reserve Bank of South Africa has revealed that it is considering issuing a national digital currency, with Blockchain or Distributed Ledger Technology (DLT) being what it is based on. According to Tim Masela, head of the National Payments System at the South African Reserve Bank(SARB), the objective would be to take advantage...
Pan-African banking conglomerate, Ecobank, has launched a fintech challenge for start-ups. The challenge is open to Africa’s entrepreneurs, innovators and developers, providing then with an opportunity to win $500,000 in funding as well as partner with Ecobank and roll out services across 36 countries. It is challenging Africa's new generation of entrepreneurs to...
According to JUMO, they gained more than 100 new staff members last year and has plans to double its staff complement in this year. The company boasts a strong line-up of talent including ex-Magento CTO Ted Pietrzak who joined the company in January last year as VP Engineering marking the first...
Digital disruption is shifting the balance stay of power in financial services and influencing the way, millions of people bank their money, make payments, remittances and more, in a continent where mobile phone penetration exceed bank accounts and bank cards ownership, combined. Africa’s highly regulated financial industry now needs to...
Standard Bank one of South Africa's largest financial services groups earlier this week on Monday announced they had acquired a majority stake in Firepay; a firm that applies new mobile payment technology to build innovative products. In 2014 Firepay partnered with Standard Bank, to launch SnapScan which is currently used...