POLi is a renowned online payment service for New Zealand and Australian residents. The banking option can be used in numerous industries and allows users to proceed with quick money transfers. According to statistics, over 1.6 million New Zealanders use Poli payments. The number of POLi users in Australia is even higher, as approximately 4 million people prefer this method. Direct transactions from a user account to the business balance make online purchases easy and enjoyable, so it’s not surprising that many take advantage of this method. Security is of special importance for those proceeding with virtual money transfers, and…
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Brand Spot
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Bolt has been awarded the “Best Ride-Hailing Platform, East Africa 2024” by Global Brands Magazine. This award recognition was received as an appreciation for Bolt’s commitment to excellence, innovation, and customer satisfaction in providing seamless transportation solutions across the region. Global Brands Magazine (GBM), based in London, is one of the largest brand publishing companies in the world and is renowned for its rigorous evaluation process and unbiased assessment of industry leaders. Each year, GBM develops a series of awards for companies that have stood out among the industry leaders, demonstrating exceptional service and unique vision. GBM bestowed this accolade…
By Kirsten Wortmann, Regional Director for Africa, Paymentology East Africa is positioned to enjoy strong economic performance this year, with growth forecasted to surpass 5%. These projections from the African Development Bank’s 2023 East Africa Economic Outlook demonstrate a remarkable confidence surrounding the buoyancy and resilience in the market, despite global economic headwinds and regional challenges. The upward trend is expected to be spearheaded by countries such as Rwanda, Uganda, Ethiopia, Kenya, Djibouti, and Tanzania, with significant contributions from their services sector. According to the report, this region will be the fastest-growing in Africa – and the region with the most opportunities for innovators to…
Sound is everything, whether listening to music, watching a movie, or attending a talk show. Nobody loves to strain to listen to something. Everyone with a good taste for sound loves every minor detail in a song, movie, or concert, and this is only possible with the right soundbar. Talking of the right sound, Samsung Electronics has maintained its ground as the leader in the global soundbar market for ten consecutive years, from 2014 through 2023, according to the annual report from FutureSource Consulting. The latest data, released on February 28, highlights Samsung’s continuous market leadership, with a 20.3% market…
Crypto is an awful vehicle for laundering money for a few reasons. One, KYC is stringent in the industry and it’s simply much easier to open a bank account with fake identification documents at a small local or regional bank. Two, you simply cannot move large sums of money into crypto without people noticing, and three, it is trackable. Even most so-called “privacy coins” are much more transparent and easier to trace than traditional cash. Unlike cash, which is nearly impossible to track, Blockchain has proven to be one of the most powerful tools for law enforcement. The immutable, public…
This month, we celebrate the work of the remarkable women who have played an instrumental role in the adoption of digital learning technologies in Kenya Women in Kenya, like in many parts of the world, have historically faced barriers to accessing education and technology, but their resilience, determination, and vision are propelling them to the forefront of a revolution in digital learning technologies, which will forever transform the country’s education system. Indeed, women are increasingly leading remarkable work in educational institutions, edtech organisations, the government and community organisations. These women are now pioneering innovative approaches to learning and empowerment, charting…
ACCOSCA and Visa have partnered to redefine the continent’s economic landscape, champion deepened financial inclusion, and improve the access and usage of formal financial services among underserved communities and small businesses through their joint Financial Inclusion in Kenya and Tanzania (FIKT). The project aims to leverage the strength of the SACCO movement in Africa and the Visa network to reach millions of unbanked and underbanked people across the two countries. Speaking during the official launch in Nairobi, Hon. Simon Kiprono Chelugui, EGH Cabinet Secretary in the Ministry of Cooperatives and Micro, Small, and Medium Enterprises Development, applauded ACCOSCA and Visa…
The Digital Lab, a Libyan initiative fostering innovation and digital transformation, has officially launched its highly anticipated innovations map platform. This user-friendly online tool will serve as a comprehensive resource, connecting innovators, entrepreneurs, researchers, and investors across the country. The launch ceremony was held at the headquarters of the General Information Authority in Tripoli. “The launch of the Digital Lab’s Innovations Map represents a positive step forward in realizing our national digital transformation strategy,” stated Abdelbaset Albaor, chairman of the General Information Authority.” This platform is a testament to the collaborative efforts between the General Information Authority, Libyan institutions, and our international partners.…
Bybit has shared the key insights shared by its Co-founder and CEO, Ben Zhou, during his participation in a keynote session at DACOM Singapore 2024. Zhou’s contributions delved into Bybit’s strategic focus on user experience, commitment to market integrity, and proactive engagement with regulatory bodies amidst the evolving landscape of the cryptocurrency industry. Addressing Misconceptions and Fostering Understanding Zhou addressed prevalent misunderstandings surrounding decentralized finance (DeFi) and its relationship with traditional financial systems. He highlighted the industry’s efforts to bridge the gap and collaborate with regulators, emphasizing the value proposition of cryptocurrencies as a choice, particularly for regions with struggling…
Heirs Holdings has announced the launch of its new subsidiary, Heirs Technologies Limited, with an ambition to empower Africa’s digital transformation through innovative and locally tailored solutions. Heirs Technologies aims to provide value added services that capitalise on top-tier expertise while guaranteeing accessibility locally. The company’s range of offerings include IT consulting, which encompasses advisory services, business transformation, system integration, licencing, and partnerships. Additionally, Heirs Technologies will offer various managed services covering IT operations and business process outsourcing. To achieve its vision of propelling Africa to the forefront of the global technology landscape, Heirs Technologies will strategically invest in cutting edge…