Africa’s Global Bank, United Bank for Africa (UBA) Plc, has once again, reaffirmed its leadership as one of the continent’s most innovative and resilient financial institutions, as the bank has, for the third time in five years, been named the African Bank of the year 2025 by the Banker.com. UBA also won the Best Bank…
Washington, D.C. / Geneva — World Bank Group and Gavi sign a new Memorandum of Understanding (MoU) to strengthen immunisation, primary healthcare and regional vaccine manufacturing Together, the partners will help countries mobilise a targeted US$ 2 billion from 2026-2030 to support them on their path to fully funding immunisation and primary health care priorities…
Since 2000, most countries – across all income levels and regions – have made concurrent progress in expanding health service coverage and reducing the financial hardship associated with health costs, according to a new joint report from the World Health Organization (WHO) and the World Bank Group. These two indicators are the foundation of universal…
Standard Bank has slashed PayShap transaction fees to a flat rate of just R2 for any amount transferred up to the R3 000 limit. The move makes Standard Bank the second cheapest bank for instant payments powered by the PayShap payment rails, with TymeBank still leading the sector by charging no fees on PayShap transactions. “On…
The South African Reserve Bank has flagged cryptocurrencies as a new risk to domestic fiscal stability. It said this in the second edition of its Financial Stability Review for 2025, which covers the six-month-period from June to November. In a presentation on Tuesday, Nicola Brink, head of department for financial stability at the Reserve Bank,…
AI scams and fraud continue to evolve. Entersekt, which positions itself as a global leader in digital banking fraud prevention and payment security, today launched the latest enhancements to its modernised digital banking authentication platform. These include Entersekt Orkestrate, a pre-packaged, low-code integration solution that makes it faster and easier to add pre-orchestrated, AI-powered Context…
Seven people have been arrested in India after a daring 70m rupees ($800,000; £600,000) heist in which armed men posing as central bank officials robbed an ATM cash van. On Saturday police in the southern city of Bengaluru said they had cracked the case and recovered 57.6m rupees of the money stolen three days earlier….
The Competition Commission has approved the acquisition of digital financial services bank Bank Zero by Lesaka Technologies for a total transaction value of R1.1 billion. Read: Discovery Bank partners with Luno in SA for crypto trading The commission announced on Tuesday, November 18, 2025, that it has recommended the deal be allowed to proceed without…
Standard Bank has become the first African bank to directly integrate with China’s Cross-Border Interbank Payment System (CIPS), providing African companies with a faster route to pay Chinese suppliers in Renminbi, rather than routing transactions through the US dollar. The integration removes an extra step long embedded in Africa-China trade flows, where companies typically settled…
The integration of cryptocurrencies into South Africa’s financial ecosystem is rapidly accelerating, marked by a significant new partnership: Discovery Bank has announced a deal with crypto platform Luno to allow its customers to trade digital assets directly online. Read: Valve unveils Steam Frame, a wireless standalone VR headset This move is the latest indication that…
