Posts by Dikonketso
Nigeria Struggles with its New Central Bank Digital Currency (CBDC) – fintechs and Nigerian Consumer Banking
The new CBDC, the eNaira, was initially scheduled to launch on 1 Oct. That was postponed since the launch clashed with Independence Day celebrations. Nigerians became suspicious of their central…
Read MoreThe Best 10 Places to Invest in Africa
Rand Merchant Bank’s (RMB) Where to Invest in Africa 2021 report assesses each African economy’s investment potential based on their operating environments. The most recent report positions Egypt as the continent’s…
Read MoreMalware attacks are on the increase in Africa
The Newsletter has often stressed the need for greater vigilance against cybercrime. A new report from Kaspersky shows that over the last 18 months cybercriminals have taken advantage of digital…
Read MoreSARB and the Interchange Determination Process (IDP)
Readers will recall that the Reserve Bank (SARB) earlier this year invited comments on its consideration of the so-called Interchange Determination Payment. The IDP sets a fee for when payment…
Read MorePayment Cross-Frontiers in Africa Remains a Major Challenge
Despite the announcement by the Afreximbank of its new cross-border payment system, PAPSS, last month (see September’s Newsletter), the hurdles that an online shop has to overcome to ensure payment…
Read MoreRecognising Ecommerce Skills
EFSA has held a meeting with our sponsoring ministry, the Department of Communications and Digital Technology (DCDT), to discuss ecommerce skills with two aims – first, Home Affairs provides temporary…
Read MoreNews From Africa
Work on the Introduction of the Payments Industry Body Readers will recall that the SARB invited the total financial sector to reorganize itself in order to become inclusive. The timetable…
Read MoreDelivery, The South African Postal Service Tries to Carve Out Leadership in Southern Africa, and Amazon is Now the 3rd Largest Delivery Company in the USA
Delivery is key to the success of ecommerce around the world. Many national postal services (POs) have moved most of their emphasis over the last 2 decades to ecommerce fulfillment.…
Read MoreLinkedIn Plans to Roll Out Freelance Recruitment Service
LinkedIn, the Microsoft-owned platform, has completed a successful test in the US for freelancers, called the Service Marketplace. This lets people advertise themselves for short-term engagements, competing against the likes…
Read MoreWatch this Space – Buy Now Pay Later (BNPL) is Becoming Big
Over the last months, more investment has been poured into BNPL companies and ventures, joining the leaders Sweden’s Klarna, Australia’s Afterpay, and U.S.-based Affirm. Last month PayPal spent $2.7 bn…
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