Industry News

Payment Innovations and Trends – CeBIH 2021 Annual Retreat

The Annual retreat of the Committee of E-Business Industry Heads (CeBIH) was held at Abeokuta on Dec 2nd and 3rd, 2021. Sponsored by Flutterwave, the Banks, and many other fintech companies, the Retreat focused on Payment innovations and the trends to expect in the coming year with participants coming from all sectors of e-business processes. The […]
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PSBs critical to financial inclusion drive, says 9PSB CEO

The Chief Executive Officer of 9PSB, Branka Mracajac, has stressed the importance of Payment Service Banks (PSBs) in supporting the country’s financial inclusion drive. She declared that PSBs offer last mile delivery of financial solutions to the unbanked, under-banked and underserved who in most cases are neglected due to geographical and infrastructural barriers. Mracajac made this […]
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Interswitch supports digital financial service innovation

Africa’s leading integrated payments and digital commerce company, Interswitch, has been confirmed as a sponsor of the 2021 Annual Committee of e-Business Industry Heads (CeBIH) Retreat for the fifth consecutive year. The digital payment company has been an ardent supporter of the Committee and its objectives, underpinned by a shared objective of enabling further development […]
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The disruptive trends & companies transforming digital banking services in 2021

“Digital banking” emerged with heightened consumer demands for more efficient ways to access banking records and complete financial transactions outside of local branches. Digital banking is the digitization of every level, from front- to back-end, of banking. Do you work in the Financial Services industry? Get business insights on the latest tech innovations, market trends, […]
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Half of global population will use digital banking by 2026, says report

With an increase in digital transformation efforts that banks adopted after disruption by the Covid-19 pandemic, there has been a significant growth in the number of users opting for digital banking. The study has analysed 30 leading Tier 1 banks on their innovation in terms of digital features, investment and innovation. (Representational Image)With an increase […]
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Global Digital Banking Market to Reach $30.1 Billion by 2026

SAN FRANCISCO, July 13, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Digital Banking – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace. Global Digital Banking Market […]
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Global Digital Banking Platform Market to Surpass $10 Billion by 2027: Report

The global digital banking platform industry reportedly managed to generate $3.95 billion in revenue last year. It’s expected to reach $10.87 billion by 2027, which means it’s projected to expand at a compounded annual growth rate (CAGR) of 13.6% from 2020 to 2027. This, according to a new report from Allied Market Research, which was […]
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The Future of ATMs in Banking

It’s been a tough year for the ATM industry. The core function of these automated tellers has always been cash dispensing. But when cash suddenly becomes an alleged pandemic “disease vector” thanks to widely circulated, but mistaken, reports of a World Health Organization statement, it caused the ATM industry great angst, coming on top of […]
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How COVID-19 Has Changed Payments & Banking Behaviors Forever

Clearly COVID-19 impacted consumer behavior globally as many consumers were forced to work from home, financial institutions closed lobbies and people worried about everything touched by others. The question has been whether initial changes in activities would become fundamental behavioral shifts once the pandemic ended. With people beginning to settle into what their “new normal” […]
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