South African banking group Standard Bank has announce the closure of 91 agencies which will result in about 1,200 jobs being lost starting from June 2019.
Read more: Stanbic to Shutdown 91 Agencies
After about 2 years of deliberation in Parliament, the Bank of Ghana(BoG) says it is confident that works on the Payment Systems and Services Bill will be completed by the end of June this year.
Read more: Payment Systems and Services Bill’ to be passed in June – BoG
The need for African banks to innovate at a quicker pace and access new customer segments is behind the increasing number of financial institutions partnering with or investing in fintech startups.
Read more: African Banks Must Work With Fintech Startups
Standard Chartered Bank has unveiled it's banking and lifestyle app branded SC Mobile to give clients the power to make transactions with ease without disruption to their work schedule and social life.
Read more: StanChart Launches New Banking App
The Vice-President, Dr Mahamudu Bawumia, has said the government will soon stop accepting cash payments as part of efforts to encourage people to make electronic payments.
Read more: Government To Stop Accepting Cash Payments
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