The increase of digital transactions in South Africa, has given rise to fears of fraud. To mitigate those risks, Standard Bank has bought a 35 per cent stake in Trade Safe. The fintech company provides a platform to keep a buyer’s funds safe, until they receive the goods or services. Joining CNBC Africa to discuss this deal is Kuben Chetty, Head of Client Solutions at Standard Bank and Jethro O’Brien, CEO of TradeSafe.
The SA SME Fund has invested R25 million in A2Pay SA, a fintech fund manager that focuses on the financial inclusion of Spaza shops and stokvels. The SA SME fund is a partnership between the government and corporate South Africa and looks to grow and aid 10 000 Spaza shops create countless jobs over the next 10 years. Joining CNBC Africa for more is Ketso Gordhan, CEO of the SA SME Fund.
South Africans are desperate for innovative payment solutions that don’t involve credit traps. what is available for online shoppers and is there a way to avoid credit in all its disguises entirely?
Carbon, a Nigerian-based fintech start-up that started as a loan offering platform, has launched operations in Kenya. Eliud Mungai, Kenya Country Lead at Carbon joins CNBC Africa for more.
35 million women in Sub-Saharan Africa are excluded from financial services and with the rise of Fintech’s policy makers believe this number will be greatly reduced. To discuss this issue, Rwanda’s Deputy Governor, Dr Monique Nsanzabaganwa joins CNBC Africa’s Arnold Kwizera for more.
A Fintech start-up with an innovative edge may be able to change the world of medical aid in South Africa for low income earners. Tamsanqa Ngalo is the founder of OYI which is a medical expense credit card helping those who may not have access to funds to pay for their medical expenses. Tamsanqa joins CNBC Africa for more.
One of the biggest issues that remain as a barrier for youth in Africa is the lack of financial literacy. However, a new project known as Akiba Digital is set to change the ways in which millennials interact with finances by leveraging artificial intelligence technology. With the help of AlphaCode Incubate this industry disruptor may leave its mark on the wallets of young Africans. Joining CNBC Africa for more is Kamogelo Kekana, co-Founder of Akiba Digital.
Africa’s Fintech industry has been growing steadily as evidenced by huge funding which it has been attracting in the recent years. Otto Williams, Head of Partnerships, Fintech and Ventures at Visa joins CNBC Africa for more.