Despite what it may look like, the quality of life for most people who are able to emigrate deteriorates significantly, writes Melanie Verwoerd.
FNB launches a mobile bank account called eWallet eXtra.
Revenue from transactions involving Africans will double by 2020 as more people on the continent access mobile-payment platforms and expatriates send cash home, says WorldRemit.
Mobile money on the rise in Africa as millions get phones; 'In effect, this is their bank'
A Western Union spokesperson says Kenya's Mpesa mobile phone-based money- transfer service is becoming more sophisticated.
An expert says the rapid adoption of feature phones, smartphones and online technology has positive implications for financial inclusion policies.
New technology is taking the bank to millions of low-income women in a revolution that could help drive economic growth, says an expert.
The evolution of mobile money will make banks review their policies and fee structures and become more approachable, an industry expert says.
Bankers are not easily excitable but the rate of change in the industry is prompting some to detect a "historic moment".
Kenya and Nigeria are the top two countries in Africa to adopt mobile payment technology, according to Standard Bank.
FNB CEO Jacques Celliers says that while the bank has shifted its "centre of gravity" to digital banking over the past few years, cutting-edge tech alone cannot retain and grow customers.
A recent spike in mobile banking viruses has prompted South African banks to alert customers about safety when banking on mobile.
KaChing, a ticketless parking app, uses licence plate recognition technology to open the boom when users arrive at, and exit, a parking lot.
South Africa has been ranked second in an index for its excellent access to and usage of affordable financial services.
Ethiopian banks and microfinance firms are launching mobile money services to help reach the population that has little access to branches or services.
Technology has opened the doors to new ways of POS payments, giving entrepreneurs more options when running a business.
Standard Bank has launched its first mobile payments app that allows consumers to pay for their purchases with their smartphones.
Big retailers are muscling in on the likes of Visa, MasterCard and Google in a fiercely competitive and growing mobile payment market.
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