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Top fintech stories this week – 4 August 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Mobile money could make Africa the new boss

Mobile money

Samsung Pay has officially launched in the UK, continuing the evolution of the digital economy, but does this technology have the potential to disrupt the global pecking order?

Sibos 2016: De-risking in Africa

De-risking in Africa

Correspondent banking enables banks to access products and services which might otherwise be unavailable. By enabling cross-border transactions and access to overseas products, correspondent banking plays an important role in the global payments landscape, states Swift.

Out of Africa for Barclays as profit falls

Barclays chief executive Jes Staley

Barclays is leaving Africa as it looks to consolidate the group and increase shareholder returns after a 2% drop in full-year profit. The bank will sell its 62% stake in Barclays Africa Group Limited (BAGL) over the coming few years and then focus on two divisions – Barclays UK and Barclays Corporate and International. BAGL […]

South Africa’s JSE aims to ‘spearhead’ African cross-listings with ETFs

Oosthuyse: blah blah blah

Stock markets in Nigeria, Kenya and South Africa are planning to launch cross-listed exchange traded funds later this year, as part of an initiative that aims to boost liquidity across Africa’s three largest markets.

African Stock Exchange plans pan-African data centre network

Dhaneshwar Darmy has big plans for Africa

A pan-African vision has inspired the African Stock Exchange, which has ambitious plans to tap the potential of the continent using hosted technology and a secure base in Mauritius.

Millicom ramps up African mobile money rush in Tanzania

Millicom has expanded its mobile wallet in Tanzania

Telecoms company Millicom has stepped up its push to gain ground for its mobile money service in the Tanzania as competition heats up between operators in the region

Unlocking the potential of Africa

Africa

From Senegal to the Seychelles, and Botswana to Uganda, new demands and new opportunities are emerging in Africa, but there are still challenges

Carriers sink Asia-Middle East-Africa-Europe cable

submarine

Hong Kong-based carrier services firm PCCW Global has banded together with 16 other high profile international network operators, including China Unicom, Telecom Egypt, Etisalat and Ooredoo, to construct a high capacity submarine cable system between Asia, Africa and Europe.

Tanzanian CRDB Bank adopts CR2 self-service banking tools in Burundi

CRDB Bank hopes to expand into Burundi, where 94% of the population is currently unbanked

Tanzania’s CRDB Bank has migrated its Burundi subsidiary to software provider CR2’s BankWorld platform, in a bid to bring self-service banking to customers across the East African country.

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