Accion Venture Lab has added $33m to its initial capital pool, with the launch of a new $23m fund and an additional, separate $10m investment from nonpofit Accion.
Mobile lending at Equity Bank, whose half-year profit stood at 116 million dollars, rose 41 percent, with 97 percent of the transactions conducted through mobile platforms and agents.
The role Naspers plays in the widely tracked Shareholder Weighted TOP 40 Index, known as the Swix, is even more exaggerated, at about 25%.
In fact, it is even defined in this manner by the Centre for Financial Inclusion (CFI), which describes it as a means to provide access to a full suite of quality financial services to everyone who can use them.
In a related article, CapitalFM explained the bank will use WhatsApp to offer services including opening accounts, transfers, loans, paying bills and purchasing goods.
Sandile Hlophe, EY Africa Government & Public Sector Leader, who advises many levels of South African government on digital transformation
“Businesses like these don’t always get the funding they require to grow from commercial funders but as part of our commitment to partner and grow financial services startups, we’ve leveraged our supplier development spending to support
Nedbank uses Microsoft Azure, Office 365 and Dynamics 365, which include layers of security and data residency to ensure compliance with local regulations.
He admits that the region has certain problems have problems like improper sanitation, electrical power outages, and other management problems.