Why Kenyan Banks Introduced Salary Advance Loans
Salary advance loans have grown into a major financial product offered by leading institutions in Kenya, including Equity Bank, KCB Bank, NCBA, Family Bank, Co-operative Bank, Stanbic Bank, Absa, and Standard Chartered. Microfinance institutions and the digital lenders have further expanded access to this type of short-term credit. These loans allow salaried employees to draw […]
How Does Nigeria’s Payment Overhaul Compare With Global ISO 20022 Adoption?
The Central Bank of Nigeria (CBN) has embarked on a comprehensive modernization of the country’s payment infrastructure, mandating full migration to the ISO 20022 messaging standard and introducing stringent geo-location requirements for all payment terminals. The directive, issued through a circular dated August 25, 2025, and signed by Dr. Rakiya O. Yusuf, Director of the […]
Access Bank and NOVARE Integrate Payments, Lending, and Insurance Into Malls
Access Bank has partnered with NOVARE Real Estate Africa to launch a digital-first ecosystem across major malls in sub-Saharan Africa, embedding financial services directly into the retail experience. Through the NOVARE mobile app, customers can make payments, apply for microloans, purchase insurance, and access loyalty programs, whether shopping online or in-store. The platform aims to […]
How Absa Bank is Empowering Women Through the Sourcing2Equal Kenya Program
Absa Bank Kenya is taking huge steps in promoting inclusivity in its supply chain, and the world is taking notice. The bank was recently recognized by the International Finance Corporation (IFC) for its role in advancing inclusive sourcing practices through the Sourcing2Equal Kenya Program, a three-year initiative aimed at connecting more women-owned businesses to corporate […]