Standard Bank: Virtual card payments surge 300% in nine months
The bank expects online retail spending which accounts for less than 2% of total retail spending to increase in the coming years...
Tag : banking
South Africa’s new Debt Relief Law causes major concern to banks
The banking sector, the clothing retailers and the Democratic Alliance have opposed the law...
CBN deadline: Nigerian banks scramble for borrowers
Tier-1 banks with assets greater than or equal to N1 tn are luring borrowers in Tier-2 banks with attractive interest rates...
Danish Bank introduces first-ever negative interest mortgage
The bank offers an interest rate of -0.5% on loans, which means the bank will pay its borrowers to take money off their hands...
UAE banks ‘can make profits of Dh40 bn in 2019’
11 banks listed on the ADSE recorded a 3.5 increase in profits which amounts to Dh11.6 billion...
African payment gateway fintech Innovate forays into Dubai
According to Innovate I Pay, the increasing number of African expatriates in UAE was a crucial deciding factor...
Kuwait firm on keeping discount rate at 3% despite global changes
Kuwait took the decision to keep the discount rate unchanged to maintain the competitiveness of the national currency...
Malaysia approves RHB Bank insurance sale to Tokio Marine
The merger between insurance arm of RHB Bank and Tokio Marine is set to create the second largest general insurer in the country...
Indonesia reviewing banking rules to lure more foreign investors
Indonesia liberalising requirement that the acquiring banks have to merge all local operations into one entity...
Brazil fintech Banco Inter raises $343 mn from SoftBank
Shares in Brazil’s Banco Inter surged more than 20 percent as Japan’s Softbank bought into the company....