Kora is set to host fintech voices at its first Sundown Session
Lagos, Nigeria — Pan-African business payments infrastructure, Kora, has announced Kora Sundown Sessions, a series of networking events and conversations around African fintech.
The first edition happening in Lagos will feature two expert panels covering adaptive growth Strategies for African Fintechs and Blitzscaling B2B fintechs in Africa — followed by a networking session.
Read more: https://techcabal.com/2024/11/15/kora-is-set-to-host-fintech-voices-at-its-first-sundown-session/
FINTECH AFRICA | Nigerian Fintech, Carbon, Set to Resume Card-Issuing Services After Increased Customer Demand
Nigerian digital bank, Carbon, will resume its card issuance in November 2024, six months after suspending the service.
According to a local report, the decision was driven by improvements to its card distribution system and increased customer demand.
“Our international card provider was expensive and some of the processes were too cumbersome for the product we want to give our customers. We looked at the flaws in debit card usage in Nigeria and optimised the experience to make it better for customers and businesses,” the company said.
“Offering cards is not about attracting new customers to Carbon; it’s more of an essential service we provide. It’s about providing convenience and retaining our customers.”
Read more: https://bitcoinke.io/2024/11/carbon-set-to-resume-card-issuing-services/
Qatar Central Bank clarifies use of Himyan card for payments at government agencies
Doha: The Qatar Central Bank (QCB) issued an official statement addressing recent discussions about the exclusive use of the national card, Himyan, for payments at government agencies.
QCB clarified that this payment method is part of a phased digital transformation initiative set to commence in February 2025. The initiative aims to enhance the security of government transactions and lower costs associated with payment processing.
QCB emphasized that the quality of services provided to citizens, residents, and visitors in Qatar will remain unaffected throughout this transition.
PayPal announces launches innovative money pooling feature
PayPal, a leading global FinTech company known for its digital payments and financial services, has introduced a new feature enabling customers to pool funds with friends and family.
This no-cost solution is now available across the US, Germany, Italy, and Spain, aiming to simplify group contributions for various occasions.
The launch of this new experience is rooted in PayPal’s understanding of modern financial habits.
Read more: https://fintech.global/2024/11/15/paypal-announces-launch-of-a-group-pooling-feature/
Banks express dissatisfaction with cloud service returns – CapGemini
The research from a survey of 600 executives and 120 fintechs/insurtechs across 13 countries finds that firms face roadblocks in maximizing cloud value as operational challenges continue to influence C-level decision-makers, slowing down the return on cloud transformation initiatives and investment.
Fewer than 40% of executives say they are highly satisfied with their cloud solution’s outcomes broadly, including its ability to provide reduced operational costs (33%), enhanced scalability (27%), accelerated innovation (26%), advanced data and analytics (24%), and improved security and compliance (21%).
Fintech at heart of UK’s financial services growth strategy – Chancellor
In her first Mansion House speech as Chancellor, Reeves says the government will publish the first ever Financial Services Growth and Competitiveness Strategy in the Spring to deliver long-term certainty and cement the sector’s place at the heart of the government’s 10-year industrial strategy.
This will involve five priority growth opportunities: fintech, sustainable finance, asset management and wholesale services, insurance and reinsurance, and capital markets. A Call for Evidence will be published alongside the announcement to ensure that industry voices are at the heart of designing the new Strategy.
