"Last year we announced the acquisition of GBL and that we would for a period of time run it as a fully owned subsidiary of ABL. The process of integrating GBL onto the ABL Business Banking platform has been successfully completed and we can…
"The evolution of POS technology presents a pivotal moment for SMEs. When integrated with a comprehensive banking relationship, these devices can be transformed from simple transaction processors into powerful business enablers," says Alan Shannon…
"From smuggling and the misdeclaration of goods to under-invoicing to evade customs duties and taxes, these practices contribute to significant revenue losses for the government, distort market competition, and pose risks to national security…
"Between expensive and complicated POS devices, cumbersome onboarding processes and lack of access to simple and reliable transaction information, many small merchants eventually find it difficult to see the value that a card acceptance system…
"The Rand serves as a proxy for emerging market currencies and provides relatively easy access through high liquidity, trading around the clock. Additionally, South Africa's significant exposure to commodity exports makes the ZAR highly sensitive…
"Now that the regulatory approvals have been obtained, this transaction enters a new stage. We will continue collaborate with HSBC to ensure a seamless transition. Regular communication has been planned throughout the journey to provide timely…
“In line with our recent market positioning of “audacity to believe”, we believe that this is a market of those who have daring dreams of building sustainable businesses that will contribute to our economy, creating jobs in the long-run, and…
"As much as $19.4 billion is being sent throughout the African continent. The largest volume between countries sees over $1,3 billion being transferred between Cameroon and Nigeria, $1,2 billion between Niger and Nigeria, and $1 billion distributed…
"The new Rapid Payments Platform offers an exciting alternative to the traditional payment mechanisms of cards and physical cash, which either have high costs or risks attached to them", says Stuart McDermid, Executive Head: Product Solutions…
“We are delighted to be part of this market first fund working with our partners at European Investment Bank, FSD Africa, Trimtab, Ceniarth and others. Acre’s backers collectively realise that this platform represents a new model for blending…
“The requests for financial assistance have increased rapidly during the past three years, and there is no sign that the momentum in the alternate-energy sector is slowing. However, the demand is fragmented, and this has caused us to reconfigure…
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