Digital banking africa
2 in 3 Banks Will Lose Market Share Unless They Digitise says Report
Image sourced from Planful. A new report by The Financial Times Focus and Mambu shows banks must redesign their role in society to avoid extinction. More than two thirds (67%) of banks think they will lose market share within two years if they fail to digitally transform, according to a new report from cloud banking platform Mambu and The Financial Times Focus (FT Focus). The ‘Evolve or be extinct’ report was conducted by FT Focus and surveyed over 500 senior banking executives globally to gain insights into their perception of the banking industry, now and in the future. Banks Must Transform Urgently The results illustrate the urgency for banks to modernise their offering as 58% of respondents predict they will cease to exist completely in the next five to ten years if they fail to change...
SA, Nigeria & Kenya: Top E-Commerce Drivers in Sub-Saharan Africa
Sourced from Legit.ng /* custom css */ .tdi_4_e6c.td-a-rec-img{ text-align: left; }.tdi_4_e6c.td-a-rec-img img{ margin: 0 auto 0 0; } A recent Visa report has shown that the top market contributors to e-commerce in Sub-Saharan Africa (SSA) over the last 3 years were South Africa, Nigeria, and Kenya, with Ghana also showing growth, having replaced Kenya in the top three contributors in 2020. SSA may be one of the smallest regions of e-commerce globally, but it shows steady growth potential. During lockdown, the region saw new e-commerce users rise by 5% when compared to the active base in SSA the previous year. “The three leading markets in SSA are starting to mature, providing the region with an established foundation and when twinned with the growing penetration of e-commerce, it offers p...
TymeBank is Recognised as One of South Africa’s Top 3 Digital Banks
Image sourced from Business Tech Only 18 months after launching, TymeBank has been rated as one of the top three digital banks in South Africa by SITEisfaction. This recognition follows on the recent Forbes accolade, which claimed TymeBank as the 2nd best bank in the country its high levels of customer satisfaction and key qualities like trust, banking fees, digital services and financial advice. In the latest report, which measures customer satisfaction with digital banking services, TymeBank was recognised for the bank’s user-friendliness, safety features and affordability. The latter was particularly appreciated by those who had recently switched, with the majority saying they switched because of the bank’s extremely low transaction fees and market-leading high-interest rates on all sav...
