SA Treasury Plan To Accelerate Digital Payments Across AfCFTA
This year’s G20 and B20 meetings present a crucial opportunity to advance financial inclusion and cross-border digital payments across Africa, transforming the continent into a more integrated trade region, reported the Sunday Times. This is the view of Deputy Finance Minister David Masondo, who spoke at the B20’s Global Partnership for Financial Inclusion plenary in Skukuza this week.
Financial inclusion is expected to spur competition, innovation, and cost efficiency. Masondo highlighted the National Treasury’s financial sector reforms, including investments in infrastructure to boost economic participation.
FinTech gains momentum in Africa, driven by mobile technology adoption among the continent’s tech-savvy youth
Acclaimed journalist Crystal Orderson specialises in economic and political affairs on the African continent. She joins Bongani Bingwa on 702 Breakfast to provide insights into fintech’s penetration in Africa.
Africa’s economic momentum is accelerating—this time, driven not only by commodities or infrastructure but also by young, mobile-first digital adopters and the continent’s growing financial technology (FinTech) sector.
Open Banking for collections: How real-time data enables dynamic payment plans
Collections strategies have evolved. But many still rely on long-standing assumptions: that customers’ ability to repay is stable, that financial circumstances remain unchanged, and that static repayment plans will work for most.
Today, that approach is increasingly risky. Rising living costs and income volatility are widening the gap between what customers should be able to pay and what they can afford in reality. At the same time, regulatory expectations around supporting vulnerable customers continue to grow.
Report: European Commission Looking Into Visa and Mastercard Fees
The European Commission is reportedly looking into fees charged by Visa and Mastercard in a move that could lead to a formal probe.
The competition regulator sent requests for information to market participants last week, asking about fees they impose on financial institutions that provide services to retailers using the Visa and Mastercard networks, Bloomberg reported Friday (May 23), citing unnamed sources.
The questions focus on whether retailers have a choice in accepting Visa and Mastercard payments, whether merchants get value from the fees that are passed on to them, and whether the charges are transparent, according to the report.
Top 10 Banking, Payments and Financial Fraud Films for Memorial Day
As Memorial Day approaches, kick off your summer blockbuster season with a binge-worthy lineup of films that dive deep into the wild, weird and sometimes tragic world of banking, payments and financial fraud. From true tales of Wall Street excess to comedies about offshore shell companies, these movies show money does make the world go round — sometimes in circles that land you in jail.
These aren’t just dry economic lessons; they’re high-stakes dramas, chilling true-crime accounts and even dark comedies that expose the pitfalls of power, greed and deception.
Prepare to witness fortunes made and lost, reputations shattered and the thin line between legitimate business and criminals.
