It is too early to understand how much the new service will affect banks’ revenue.
Africa
Latest articles from Africa
Access Holdings aims to be Africa’s gateway to the world
July 26, 2023Access Holdings’ group managing director talks about the group’s acquisition strategy, the impact of Nigerian economic reforms on the country’s banking sector, and the future of digital assets in Africa.
Djibouti’s road to recovery
July 12, 2023Mohamed Siad Doualeh, Djibouti’s ambassador to the US, talks about debt restructuring efforts, the impact of regional conflict in Ethiopia and Sudan, and the country’s efforts to position itself as a regional financial hub.
World
/ Africa
/ South Africa
Currency weakness pins back South African lenders
July 5, 2023The country’s big four all reported positive results for 2022, in spite of gathering economic storm clouds.
Ghanaian exposures hit Nigerian banks
July 5, 2023UBA is the only Nigerian lender in this year’s Top 1000 World Banks ranking to record a rise in Tier 1 capital and profits.
Currency weakness and economic strife weigh on African banks
July 5, 2023Significant crises in key markets such as Egypt, Nigeria and South Africa burdened lenders in this year’s ranking.
Rwanda’s efforts to improve women’s financial inclusion
June 23, 2023The deputy governor of the National Bank of Rwanda talks to The Banker about the central bank’s drive to increase the financial inclusion of women and its plans to have equal access by 2027.
Reassessing how Africa trades
May 31, 2023A new trade deal for Africa is needed to boost the continent’s economic performance and reduce poverty.
World
/ Africa
/ South Africa
IMF Africa director: “African countries are at the brutal receiving end of climate change”
May 5, 2023The director of the IMF’s African department speaks about the economic outlook for sub-Saharan Africa, the funding squeeze faced by much of the continent, and the necessity of increased spending on climate change adaptation.
Payments innovation the key to financial inclusion in Africa
April 19, 2023Forty percent of Africa remains unbanked. Fintechs and banks are working to redress the balance.