Apple Find My Share Location: New Feature to Track Lost Items Easily Apple’s Find My Share Location feature is set to make it easier to track down lost items. This… TechCity

Cross-border payments in Africa are crucial for individuals and companies, providing quick, safe, and affordable options for everyday money transfers to friends, colleagues, and relatives abroad. To accommodate its clients’ changing needs, FNB has teamed with BankservAfrica for its Transactions Cleared on an Immediate Basis (TCIB) technology. This solution would process low-value payments inside the […] The post FNB Unveils Cross-Border Payments with BankservAfrica TCIB first appeared on IT News Africa | Business Technology, Telecoms and Startup News.

Nedbank hosted its annual Green Economy Indaba and Awards ceremony on 31 October 2024, bringing together innovators and changemakers who are driving South Africa’s transition to a more sustainable future. The event showcased the bank’s commitment to its Green Economy Strategy, through which it aims to address key social and environmental challenges in the 4 […] The post Nedbank Green Economy Indaba 2024: Celebrating Innovators first appeared on IT News Africa | Business Technology, Telecoms and Startup News.

"I think that journalists who do not use AI will be replaced by journalists who use AI."

Visa Invests in 4 African Fintech Startups To Fuel Digital Growth Visa, the global digital payments giant, has recently injected fresh funding into four standout African fintech startups. These… TechCity

Moniepoint CFO Appointment: Bayo Olujobi Joins to Lead Financial Growth Moniepoint, a leading Nigerian fintech valued at over $1 billion, has named Bayo Olujobi as CFO of Moniepoint MFB. Olujobi… TechCity

In today’s edition: Jumia posts $20.1 million in operating losses || Safaricom denies sharing customer data || Visa invests in four African startups || Funding Tracker

Jumia reported $20.1 million in operating losses in the third quarter of 2024 as weak macroeconomic conditions in key markets continued to pressure revenues.

Global Micro, South Africa’s cloud provider with over 30 years of experience, plans to establish physical offices in Ireland, the United Kingdom, and the United States. These offices streamline Microsoft licensing and compliance across Europe and the United States. The company is particularly positioned to assist organizations dealing with compliance difficulties in the EU and […] The post South African Cloud Provider Sets Sights on Global Expansion first appeared on IT News Africa | Business Technology, Telecoms and Startup News.

Safaricom, Kenya's largest mobile operator, has denied allegations of granting government agencies real-time access to customer data.

If you are planning to buy the Infinix Hot 50 Pro+, you should carefully pause and read this to see if it's what you really want:

As Africa races to meet the 17 objectives outlined in the United Nations’ Sustainable Development Goals (SDGs) by the 2030 target, it’s clear that traditional solutions to longstanding problems are no longer good enough. Impact investors, government, businesses and communities are looking to tech-driven innovation to address complex socioeconomic challenges. The wide rollout of mobile […] The post What Role Will 5G Play in Africa’s Sustainable Future? first appeared on IT News Africa | Business Technology, Telecoms and Startup News.

Payment leaders, regulators, and developers share successes and outline how to build an inclusive global financial system at the Interledger Summit in Cape Town. But warn that time is short. Around two hundred banking and fintech leaders, regulators, parliamentarians from seven African countries, payment professionals, and developers gathered at the Interledger Summit recently. Discussions focused […] The post An Urgent Need for Ethical Financial Systems for Globally Underserved  first appeared on IT News Africa | Business Technology, Telecoms and Startup News.

Visa, the world's second-largest card payment processor, has made strategic investments in Orda, Oze, OkHi, and WorkPay.

Interswitch TechConnect 4.0 has successfully concluded its third stop in Abuja, building on the impactful gatherings in Enugu and Asaba. Organised by Interswitch, one of Africa’s leading integrated payments and digital commerce companies, the series is designed to convene leading stakeholders in Nigeria’s fintech sector to explore how digital transformation is driving growth in the […] The post Interswitch Brings Techconnect 4.0 To Abuja, Fostering Financial Growth Through Innovation first appeared on BizWatchNigeria.Ng.

Leading payment card and digital token brand, Verve, has successfully concluded the seventh  edition of VerveLife, Africa’s largest fitness party, reaffirming its commitment to fostering a healthy lifestyle among Africans. The grand finale, which held at Landmark Event Center in Victoria Island, Lagos, attracted thousands of fitness enthusiasts from across Africa and beyond. This year’s […] The post Vervelife: Africa’s Largest Fitness Party Concludes 7th Edition On A High Note first appeared on BizWatchNigeria.Ng.

The company has been testing insurance products since 2020, awaiting regulatory approval. “Innovation remains critical. We have revamped our wealth proposition and have now received an insurance intermediary license from the Insurance Regulatory Authority,” Ndegwa said.

Africhange, a bootstrapped remittance company, has acquired an IMTO license allowing it to process foreign currency transfers as it begins fundraising efforts.

In today’s edition: Moniepoint taps Stanbic IBTC CFO || First Bank flags off ₦150 billion rights issue || GoLemon reduces delivery time || Bitcoin surges to record high following Trump's win

MTN Nigeria, the country’s largest telecommunications company, has applied for Payment Service Solutions Provider (PSSP) and Payment Terminal Service Provider (PTSP) licenses for its fintech subsidiary, MoMo PSB, signaling an increased focus on digital payments within Nigeria. The PSSP license will enable MoMo PSB to offer payment processing gateways, create financial solutions, and provide merchant […] The post MTN Nigeria Set to Acquire Two New Licenses to Expand MoMo PSB Services appeared first on Tech In Africa.

ChitChat has extended its social commerce services beyond Africa, now reaching advanced economies such as China, the United States, the United Kingdom, Japan, India, Canada, and Malaysia. Additionally, the app will introduce features like multi-currency exchanges, a ChitChat wallet, and a USD virtual debit card. These enhancements will enable users to send money directly to […] The post ChitChat Broadens Its Reach Beyond African Borders appeared first on Tech In Africa.

“We knew the kind of firepower we needed, and we decided to do ₦150 billion issue. At our next AGM, we would apply to raise another ₦350 billion."

GoLemon, a grocery delivery startup founded by four former Paystack employees, is set to begin testing a next-day delivery service next week, according to sources close to the company who spoke to TechCabal. Currently, GoLemon’s quickest delivery option is two days from the time of order. By reducing its delivery window by over 40%, GoLemon […] The post GoLemon Launches Next-Day Delivery, Cutting Shipping Time by Nearly Half appeared first on Tech In Africa.

NLNG is rolling out their 2024 full scholarship scheme for undergraduates in Nigerian public universities. Start your application here: 

Today’s South African merchants rely significantly on mobile connectivity to support cashless transactions, administer QR code-based promotions, enable in-store kiosks, and provide easy access to consumer financing alternatives for large purchases such as electronics and furniture. Connectivity is critical for delivering OTPs (one-time passcodes) for secure customer verification and payment processing, allowing consumers to make […] The post Nextivity to Strengthen Mobile Connectivity for SA Retailers first appeared on IT News Africa | Business Technology, Telecoms and Startup News.

Sandra, who joined Radisson Hotel Group in February 2019, has demonstrated exceptional leadership and commitment to excellence. Previously serving as Country Director of Sales and District Director for South Africa, Sandra has played a crucial role in developing and leading the company’s Cluster Sales Team. Sandra’s strategic focus and ability to cultivate high-performing teams have […] The post Radisson Hotel Group Announces New MD for Sub-Sahara Africa first appeared on IT News Africa | Business Technology, Telecoms and Startup News.

WhatsApp Image Verification Feature to Combat Misinformation Meta-owned WhatsApp is testing a new image verification feature that will help users quickly determine if an image… TechCity

GoLemon will pilot a next-day delivery option soon. Currently, the earliest time delivery time is 2 days after the order is made. Reducing delivery time by over 40% could increase delivery volume for the startup.

Meta Fined for Privacy Violations in South Korea Meta Platforms, the parent company of Facebook, has been fined for privacy violations in South Korea, with a… TechCity

Jeff Li was named the new Vice President of Product at Binance on the opening day of Binance Blockchain Week. With over 16 years of expertise in software engineering and product leadership for both Web2 and Web3, Li will be in charge of expanding and improving Binance’s product line, further securing our place at the […] The post Binance Welcomes New VP of Product at Blockchain Week Kickoff first appeared on IT News Africa | Business Technology, Telecoms and Startup News.

Moniepoint has appointed Bayo Olujobi as the Chief Financial Officer (CFO) of Moniepoint MFB, one of its subsidiaries. Olujobi joins Moniepoint from Stanbic IBTC Bank, where he was CFO and non-executive director. 

In today’s edition: KCB customers overdrew accounts by $7.7 million during glitch || MTN’s MoMo PSB has applied for PSSP and PTSP licences || Funke Opeke steps down as MainOne MD, takes advisory role || Kenya’s tax collector begins monitoring mobile transactions

Sony PlayStation 5 Pro: Unboxing, Specs, and Game List The Sony PlayStation 5 Pro launches on November 7, offering significant upgrades in graphics and performance. For fans… TechCity

Wise and Standard Chartered Partner To Boost Cross-Border Payments Wise, a global tech leader in cross-border money transfers, has announced a strategic partnership with Standard Chartered to… TechCity

Mastercard and Diamond Trust Bank (DTB) have signed a milestone 10-year deal to provide bespoke digital payment solutions in Kenya, Uganda, and Tanzania. This alliance intends to transform the digital and banking experiences of individuals and businesses in the region. The collaboration will center on providing innovative, safe, and convenient payment solutions, such as custom […] The post Landmark Deal to Boost Digital Payments in East Africa first appeared on IT News Africa | Business Technology, Telecoms and Startup News.

The bank has restricted the accounts of customers who overdrew their accounts and has notified them, people familiar with the matter said.