Transforming Africa’s cashless environment
While significant measures have been put in place to combat the spread of Coronavirus disease (COVID-19), South African banks are turning to cashless transactions
Commerce
AMF announces inclusion of Egyptian Pound as settlement currency in Buna platform
Arab Monetary Fund (AMF) in collaboration with the Central Bank of Egypt have announced the inclusion of the Egyptian Pound (EGP) in Buna for the clearing and settlement of payments, alongside the US Dollars, the Euro, the Jordanian Dinar, the Saudi Riyal, the UAE Dirham, and the Bahraini Dinar
FAB’s payit wallet partners with Mastercard to deliver cross-border payment solutions
First Abu Dhabi Bank’s (FAB) payit mobile wallet has partnered with Mastercard to deliver instant remittances to select bank accounts and wallets internationally
Jumia, Reckitt Benckiser partner to provide consumers access to hygiene products in Africa
Jumia, a leading e-commerce platform in Africa, has announced a major partnership with Reckitt Benckiser, a global health products manufacturer, to help consumers access hygienic products at the lowest price
Nigeria bans public service officials from travelling outside the country
Nigeria bans its public service officials from travelling outside the country, stops issuance of visa and restricts from COVID-19 prone countries
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