Finance
Huawei AppGallery Launches Discovery Bank App
Huawei has announced that the Discovery Bank app is now available on its AppGallery platform, ensuring that the bank’s users now have access to this app across multiple platforms and can use it from anywhere in South Africa. “We are happy to welcome Discovery Bank to our Huawei AppGallery family of apps,” says Zhao Likun Zhao, VP at Huawei Consumer Business Group for Southern Africa. “AppGallery has over 400 million active monthly users worldwide and has secured its position as one of the Top 3 app marketplaces globally, even though we only launched it to a wider market in 2018. Locally, Huawei has partnered with a number of companies who create apps that are key to the daily life of South Africans, which includes banking apps, so people can manage their financial present and future.” Comm...
Digital Media Company LiveXLive Had an OK Quarter, But It’s Got a Long Way to Go
What three letters best explain the modest gains LiveXLive unveiled during its quarterly earnings call Thursday? The would be P-P-P as in the Paycheck Protection Program. Nearly all of the company’s $3.5 million reduction in spending for the quarter appeared to have come from the almost $2 million federal loan it received in March, coupled with $1.4 million in reductions of employee salaries and other expenses during the COVID-19 pandemic. That helped LiveXLive achieve its “best quarter in the history of the company,” according to CEO and chairman Rob Ellin, who reported a 11% increase in revenue and a quarterly loss of $7.5 million, or $0.13 per share. That missed the consensus estimate of a loss of $0.12, but marked a significant improvement from a loss of $0.21 per share a year ago (tot...
House of Reps summons finance minister, predecessor over N1.7 trillion
The former Minister of Finance, Kemi Adeosun, and the incumbent Minister of Finance, Budget and National Planning, Zainab Ahmed, are expected to appear in person before the House of Representatives Committee on Public Accounts to give accounts on the sum of 1.7 trillion naira appropriated for the implementation of National Social Investment Programmes from 2016 to 2019. The post House of Reps summons finance minister, predecessor over N1.7 trillion appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet r...
Luno and Genesis Partner for Customers to Earn Interest on Crypto Holdings
Luno and Genesis have partnered to provide customers with simple, accessible ways to earn interest on their crypto holdings. The partnership creates “savings accounts providing institutional-level interest rates to clients in traditional and emerging markets”. The companies believe these savings accounts will provide traditionally underbanked customers in emerging markets access to banking services via the market infrastructure built for the global cryptocurrency community. “We share Luno’s passion for making it safe and easy – across all segments of the market – to learn about, buy and store cryptocurrencies. By combining Genesis’s infrastructure with Luno’s footprint in more than 40 countries, we’re creating a fairer, more inclusive financial system by providing access to int...
Capitec’s Banking App Ranks #1
Capitec has revealed that its new banking app has reached the #1 spot on both the South African Google Play and Apple app store charts. It currently trends on the charts ahead of Zoom, Whatsapp Messenger, Tik Tok and Facebook. “Our digital banking services are the most widely used in the country, with over 7.5 million active users. We’ve also noted a significant increase between January and July 2020, with the bank welcoming almost 600 000 new digital banking clients,” says Gerrie Fourie, CEO of Capitec Bank. This success comes at a time when the bank’s traditional service channels are taking a back seat to its digital offerings; a trend, which was been significantly augmented by the COVID-19 crisis. The bank believes that its clients are seeking safer, more convenient and affordable ways ...
President Buhari orders immediate payment of NDDC scholarship students abroad
Succour has come the way for NDDC Students on Scholarship abroad as President Buhari has ordered immediate payment to them. The post President Buhari orders immediate payment of NDDC scholarship students abroad appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Mastercard and Microsoft Partner to Empower Fintech Innovation
Mastercard and Microsoft have partnered to shape the future of digital commerce, drive startup innovation and enable financial inclusion. Capitalizing on Mastercard’s global network and leveraging Azure’s global reach, the collaboration will enable Mastercard’s ecosystem of partners to explore the use of emerging innovations and new commerce capabilities such as devices that enable digital payments in new ways. Through access to Azure technologies, augmented and virtual reality and Internet of Things, fintech partners will be empowered to create new user experiences to advance how consumers, businesses and governments exchange value. “We are thrilled to deepen our longstanding relationship with Microsoft by advancing the research, development and scaling of new technologies and business mo...
President Buhari presides over virtual FEC meeting
Expectedly, President Muhammadu Buhari Wednesday presided over his 10th virtual Federal Executive Council (FEC) which also had in attendance his Vice, Professor Yemi Osinbajo, and eight ministers physically present. The meeting holding at the Council Chamber, Presidential Villa, Abuja, is also being attended by the Secretary to the Government of the Federation (SGF), Boss Mustapha, Chief of Staff to the President, Professor Ibrahim Gambari, and the National Security Adviser (NSA), Major General Babagana Monguno (retd). The ministers who are present are the Attorney-General of the Federation (AGF) and Minister for Justice, Abubakar Malami, Informatoon and Culture, Lai Mohammed, Finance, Budget and National Planning, Mrs. Zainab Ahmed, Aviation, Senator Hadi Sirika, Interior, Rauf Aregbesola...
Senate invites finance, works ministers, others over road projects
The Senate committee on finance has invited the Minister of Finance, Zainab Ahmed, over the funding status of three federal government legacy road projects estimated to cost N2.7 trillion. Also to appear before the panel are the Minister of Works and Housing, Babatunde Fashola, Accountant General of the Federation, Ahmed Idris, and the Managing Director of the Nigeria Sovereign Investment Authority (NSIA), Uche Orji. The chairman of the panel, Solomon Olamilekan, gave the directive during an interactive session with the NSIA boss on Tuesday. The legacy projects are the Abuja-Kano road, Lagos-Ibadan expressway and the Second Niger Bridge. They are funded and implemented through a tripartite agreement between the ministries of finance, works and the NSIA. Orji, who was invited for the same r...
Embattled AfDB chief survives another probe into his conduct
Embattled President of African Development Bank (AfDB), Dr Adewumi Adesina, has survived a second round of investigation into his conduct, giving him a boost in his re-election bid next month. A team of independent auditors demanded for by the US government said they could not find proof he had engaged in corruption or nepotism as anonymous whistleblowers had alleged. The panel was set up on the insistence of the US to review the report of the Ethics Committee of AfDB, which had earlier cleared Adesina of wrongdoings as alleged by whistleblowers. The unanimous report of the independent panel of three said there had been insufficient evidence to prove the allegations. According to the report, the members of the panel said they “considered the President’s submissions on their face and finds ...
Airtel Africa and Mukuru Partner to Facilitate Money Transfers within Africa
Airtel Africa and Mukuru have partnered to enable Mukuru customers to instantly send cross-border transfers directly to Airtel Money customer wallets in 12 African countries. This partnership will be particularly beneficial for customers making intra-Africa payments from Southern Africa where Mukuru has a leading presence. Customers also benefit from no longer having to physically go to an Agent to receive cross-border payments. Once Airtel Money customers receive the funds, they can be used to pay utility bills, goods and services, transferred to family or can be cashed out at any of Airtel Africa’s exclusive branches, kiosks and agents. “This partnership empowers those without a bank account to be included in the formal financial ecosystem and to move money conveniently, seamlessly and s...
Bitcoin could Rank as the 8th Largest Bank Globally, Research Says
If Bitcoin were a bank, it would rank as the eighth largest bank globally with a market cap of $169.01 billion, according to data gathered by Buy Shares. Bitcoin continues to lead the cryptocurrency sector towards mainstream adoption on a global scale by directly competing with traditional players like banks. The asset’s high cap correlates with its impressive 27.18% ROI on a Year-to-Date basis. Bitcoin beats traditional markets in ROI From the data, JP Morgan Chase’s cap of $433.5 billion, makes it the biggest bank in the world. Bitcoin would also rank lower than the Bank of America with a market cap of $306 billion. /* custom css */ .tdi_3_52f.td-a-rec-img{ text-align: left; }.tdi_3_52f.td-a-rec-img img{ margin: 0 auto 0 0; } ICBC ranks third with a capitalization of $290.9 billion follo...
