mobile banking africa
PayPulse Reports Almost a Million Transactions in a Year in Namibia
Image sourced from /www.thegrovemallofnamibia.com Since launching in 2018 PayPulse, Standard Bank’s cashless transaction app has gained significant traction in the Namibian market, processing just under a million transactions to the value of N$ 442 million ($29.7-million) during the period 1 January 2021 to 31 December 2021. Standard Bank, a South African bank and financial service group, developed the PayPulse app, which allows anyone, no matter who they may bank with, to create a virtual wallet from which to pay for bills and services and send or withdraw money. Rejoice Itembu Head of Client Solutions at Standard Bank says that the app is unique in that it is the first of its kind to let users link up to three different credit or debit cards from different commercial banks, which, Itembu...
Startup “Unicorns” Help Mobile Money Soar in Africa
Image sourced from WeeTracker. /* custom css */ .tdi_4_c6c.td-a-rec-img{ text-align: left; }.tdi_4_c6c.td-a-rec-img img{ margin: 0 auto 0 0; } A recent GSMA report reveals that there are 1.2 billion registered global mobile money accounts. 560-million of these registered accounts are in Africa. The GSMA, which represents several mobile network firms, states that “Sub-Saharan Africa has been at the forefront of the mobile money industry for over a decade, and in 2020 continued to account for the majority of growth.” FinTech Unicorns Running Wild in Africa Now, five African fintech startups, Flutterwave, ChipperCash, Interswitch, Paga and OPay are now being identified as “unicorns” by investors, the business media and analysts following the surge of mobile payments. /* custom css */ .tdi_3_4...
