Nagarro sees a positive BFSI outlook for SA, Africa

Standard Bank’s financing facilitates Safaricom’s ongoing rollout of digital infrastructure and services in Ethiopia.

The platform is targeted at businesses and individuals who transact a minimum volume of $50,000 per month.

Authorities say the widespread use of unregistered PoS terminals violates the Companies and Allied Matters Act 2020 and the Central Bank of Nigeria’s regulations.

The investment is part of continued support from the African Development Bank Group, enabling the island to leverage technology for economic growth and administrative efficiency.

The pan-African telco has struck a defining agreement with Kenya’s government and Vodafone to raise its Safaricom stake to 55%, tightening its grip on East Africa’s largest telecoms and mobile money ecosystem.

According to Alwyn Pretorius of Infinitus Reporting Solutions, while AI may impact the future of financial reporting, strong fundamentals will determine who will be ready when the time comes.

According to the government, more than 84% of adults now use formal financial services, primarily banking, mobile money, and digital finance solutions.

M-PESA Global Payment aims to ease the burden of traditional banking barriers on merchants and businesses.

The Association of Digital Payment and POS operators of Nigeria said fraud across digital channels rose from $12.1 million in 2023 to $35.9 million in 2024, with POS platforms accounting for a significant share.

Finance Minister Mthuli Ncube’s 2026 budget introduces a Digital Services Withholding Tax on offshore platforms, affecting e-hailing apps, streaming services and satellite internet providers.

Backed by a globally seasoned board and deep African expertise, the group aims to double its SME customer base and ignite the continent’s next fintech revolution.