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Africa

Afreximbank and Shelter Afrique Development Bank (ShafDB) Forge Strategic Partnership to Unlock US$1 billion in investments

eriinfo.com8 months ago05 mins

African Export-Import Bank (Afreximbank) and Shelter Afrique Development Bank (ShafDB) have signed a groundbreaking Joint Project Preparation Facility (JPPF) Framework Agreement. This strategic partnership aims to unlock a cumulative investment value of at least US$1 billion and is set to significantly transform housing and urban development across the continent and boost trade and investment. Signed…

Reserve Bank bets on PayInc to fix South Africa’s digital payments gap

eriinfo.com8 months ago07 mins

PayInc CEO Stephen Linnell The Competition Commission in August recommended to the Competition Tribunal that the South African Reserve Bank’s proposed acquisition of a 50% stake in payments clearing house PayInc – previously BankServAfrica – be approved without conditions attached. The move radically changes the ownership structure of PayInc, the developer and manager of rapid…

Banks should review PayShap fees – Standard Bank

eriinfo.com8 months ago07 mins

Standard Bank’s Nthabiseng Mohale Banks should review their pricing strategies for PayShap transactions to drive higher rates of financial inclusion and increase adoption of the rapid payments platform in South Africa. This is according to Nthabiseng Mohale, head of interbank and domestic payments at Standard Bank Group, who spoke to TechCentral at the launch of…

Banks should lower PayShap fees – Standard Bank

eriinfo.com8 months ago08 mins

Standard Bank’s Nthabiseng Mohale Banks should consider lowering the fees they charge for PayShap transactions to drive higher rates of financial inclusion and increase adoption of the rapid payments platform in South Africa. This is according to Nthabiseng Mohale, head of interbank and domestic payments at Standard Bank Group, who spoke to TechCentral at the…

The South African bank racing ahead of its peers in IT spending

eriinfo.com8 months ago07 mins

Most of South Africa’s five largest banks are increasing their spend on IT – excluding staff costs – in single-digit percentages, their most recent full-year financial results show. However, Capitec – although not the biggest spender in absolute terms – bucked the industry trend by increasing its spend by 32% year on year for the…

Standard Bank rolls out next-gen virtual credit card

eriinfo.com8 months ago03 mins

Standard Bank on Tuesday launched a new virtual credit card with “advanced security features” that it said it has so much confidence in that it has made a 100% credit fraud protection promise to customers who use it. The bank said the virtual credit card includes a feature that lets clients use their banking app…

How a bank digitised, automated document output to unlock paperless savings and 100% compliance

eriinfo.com8 months ago05 mins

How a bank digitised, automated document output to unlock paperless savings and 100% compliance. Most vendors promise savings. This bank delivered them, to the tune of R48 million a year. With full audit compliance, no paper and zero dev bottlenecks, this is what real document automation looks like in financial services. From chaos to control…

Africa

Africa: Centenary Crowned Most Admired Ugandan Bank At Brand Africa Awards 2025

eriinfo.com8 months ago03 mins

Centenary Bank has been recognized with two prestigious accolades at this year’s Brand Africa Awards, including the most admired Ugandan bank and the Ugandan bank doing good in the community. Launched in 2011, the Brand Africa Awards remain the gold standard for ranking the most admired brands across the continent. This comprehensive, research-based survey spans…

Standard Bank raises alarm over AI-driven fraud

eriinfo.com8 months ago06 mins

Standard Bank has warned its clients of a rise of “spoofing” scams in recent months, where fraudsters use AI-generated voices and e-mails to impersonate bank officials. “These scams are increasingly difficult for customers to identify, as calls and e-mails appear to come from their banks’ legitimate contact details,” the bank said in a statement on…

Standard Bank sounds alarm over AI-generated scams

eriinfo.com8 months ago02 mins

Current scams look and sound more real than ever before, says Standard Bank. Standard Bank is warning the public about fraudsters that are using artificial intelligence (AI)-generated voices and e-mails to impersonate bank officials. The big-four bank has witnessed a rise in these types of spoofing scams in recent months. Spoofing is a deceptive tactic…