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Banking & Finance

The collaboration is aiming to reach 100 million individuals in the next few years. (Image source: Ahmad Ardity/Pixabay)

Crown Agents Bank is collaborating with Biometric payments specialist Paycode of South Africa to serve unbanked communities across sub-Saharan Africa

IFC’s support for Nigeria’s banking sector will help keep the wheels of Nigeria’s economy turning at a time when it is facing a major challenge from COVID-19. (Image source: Aloysius/Pixabay)

IFC, a member of the World Bank Group, has announced an investment of up to US$100mn in Nigeria’s Zenith Bank Plc to help it increase support to clients and companies whose cash flows have been disrupted by challenges caused by the COVID-19 pandemic

Liao Yong is the vice-president of Huawei Southern Africa Region. (Image source: Huawei Enterprise)

Bankers from sub-Saharan Africa and China who attended the Huawei sub-Saharan Africa Financial Services Industry Online Summit 2020 agree that digitisation of the sector will give it resilience against the current COVID-19 pandemic and enable sustained growth in the post COVID era

In a circular released in Abuja, CBN stated that it is prepared to meet the needs of all legitimate users. (Image source: dotun55/Flickr)

The Central Bank of Nigeria (CBN) has commenced the sale of foreign exchange totalling more than US$100mn through the commercial for school fees payments and for small and medium size companies wishing SMEs to make essential imports to revamp economic activities

The global Coronavirus pandemic is likely to reinforce this trend. (Image source: StockSnap/Pixabay)

Building a mobile-first greenfield bank is ranked as the top innovation strategy by 37 per cent of MEA banking executives, according to a global retail banking survey released by Temenos, the banking software company

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