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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

electronic payments

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Science & Technology

Corruption hurts businesses but digital tools offer the hope of fighting it, say manufacturers in Ghana and Nigeria

Just_Super     By Samuel Adomako, University of Birmingham; Joseph Amankwah-Amoah, Durham University; Shlomo Tarba, University of Birmingham, and Zaheer Khan, University of Aberdeen     Technology has changed the way the world does business. Mobile and digital payment platforms, blockchain, cloud computing and artificial intelligence (AI) tools have all driven innovations in recent years. They allow businesses of all sizes to become more efficient and reach new markets. For […]

todayJuly 17, 2024 21

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Africa

Nigerian E-payments eclipse South Africa’s 2022 GDP, in latest surge

When the Nigerian Central Bank introduced newly designed currency notes in November 2022 and a month later put a cap on the maximum amount of hard cash that individuals and corporations could withdraw, the idea was to tame money laundering in the country. During that year’s Christmas festive season and in the run-up to the 2023 Nigerian presidential election in February 2023 –– two high spending seasons –– the country […]

todayFebruary 15, 2024 14

Africa

Africa’s cashless revolution is on, banking on virtual cards

    By Bonface Orucho, bird story agency International card companies are vying for Africa's fast-evolving electronic payments market as middle-class incomes rise and the quest for cashless transactions intensifies. UnionPay International, a subsidiary of China's Union Pay, is the latest entrant in the African card payments market, warming up to face-off with Visa and Mastercard. Notably, UnionPay International is partnering with the Standard Bank Group, the largest bank in […]

todayJanuary 23, 2024 30

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