The Mastercard Foundation in partnership with BFA has released the Digital Commerce and Youth Employment in Africa, new research that shows 80 million young people will benefit from the rise of digital commerce in Africa by 2030. These findings indicate that the digital commerce sector has the potential of disrupting the future of work on […]
Read MoreStandard Chartered has completed a simultaneous multi-market launch of its digitally-led retail banks in Tanzania and Ghana, with Kenya’s roll out scheduled to occur shortly. This follows the launches of the Bank’s digital offering in Uganda in January this year and Côte d’Ivoire in 2018. The expansion is part of the Bank’s overarching digital transformation […]
Read MoreUsers of mobile ticketing will total 1.9 billion by 2023, up from 1.1 billion in 2019. In comparison, the total number of digital ticketing users across mobile, online and wearable channels, will reach 2.2 billion by 2023. According to Juniper Research latest report,Mobile & Online Ticketing: Transport, Events & Contactless 2019-2023, mobile ticketing has become […]
Read MoreRetailers are set to lose some $130 billion in digital CNP (Card-not-Present) fraud between 2018 and 2023, according to latest figure Juniper Research. The new study highlighted that increasingly complex approaches by fraudsters, alongside retailers’ intertia in adapting to new fraud prevention requirements, would be key factors behind the increases in fraud transaction value. The […]
Read MoreMoroccan B2B e-commerce startup WaystoCap is busy expanding in the West African region having opened offices in Burkina Faso and Togo to add to its existing operations in Benin. WaystoCap allows African businesses to buy and sell products, helping them to discover products, verify them, obtain financing and insurance, manage their shipments, and ensure payments […]
Read MoreAdialea, the joint venture between CFAO and Carrefour, has announced the signature of memorandum of understanding with Jumia, Africa’s leading name in e‑commerce, to sell Carrefour products through the company’s online shopping platform. The multi-channel initiative is part of the strategy developed by CFAO Retail and Carrefour to give all consumers access to quality products […]
Read MoreThe first edition of the InterswitchSPAK National Science Quiz Competition, an initiative of Interswitch Group, a leading Pan-African electronic payment and digital commerce company, is set to debut on television stations across Africa on October 27th, 2018. The Quiz competition, which is part of the InterswitchSPAK, Switch-a-Future project, will be premiered on DSTV’s Africa Magic […]
Read MoreJack Ma, the charismatic co-founder of China’s largest e-commerce firm Alibaba Group Holding Ltd, will step down as chairman in one year to concentrate on philanthropy and education, passing on the reins to trusted lieutenant Daniel Zhang. Ma, who turned 54 on Monday, has long flagged plans to step back, insisting that Alibaba management should […]
Read MoreAlibaba Group Holding Ltd’s (BABA.N) billionaire co-founder Jack Ma will announce a succession plan on Monday to hand the reins of his sprawling empire to a new generation of leaders but will remain executive chairman for the time being. Ma will announce the plan on his 54th birthday and the handover strategy will stretch over […]
Read MoreThe United Bank for Africa (UBA) Plc has disclosed that it had issued over three million Near Field Communication (NFC) technology enabled contactless cards to its teeming customers. The bank disclosed this in a statement yesterday, saying its introduction of the contactless payment cards which enable customers pay with ease by leveraging the NFC technology […]
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