Credit Bank, Visa launch multi-currency prepaid card

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Credit Bank, Visa launch multi-currency prepaid card

Staff Writer - November 20, 2020

Credit Bank’s Konnect Prepaid Card will be a contactless Touch and Go card that can be used to shop, dine, fuel, and pay for...

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Following the advanced deployment of the retrofitted Boeing 777 aircraft to both Cape Town and Johannesburg last month, Emirates (https://Emirates.com), the world’s largest international airline, hosted a guided tour of the fully refreshed aircraft. The airline showcased its next-generation cabins, featuring the latest sophisticated design and South Africa’s debut of the highly acclaimed Premium Economy Cabin. Johannesburg and Cape Town are the first destinations in Africa to be served by the retrofitted Emirates Boeing 777, demonstrating the airline’s steadfast commitment to South Africa. Key stakeholders from South Africa’s aviation and tourism sectors were in attendance, including Wrenelle Stander, CEO of Wesgro in Cape Town and Poppy Khoza, Director General South African Civil Aviation Authority in Johannesburg, along with Rashid Alardha, Emirates’ Vice President Commercial Operations, Sub-Saharan Africa and Afzal Parambil, Regional Manager for Southern Africa, Emirates. Commenting on the deployment, Afzal Parambil said, “As we celebrate three decades of service to South Africa, our commitment to bring the latest and greatest to the market is unwavering. Over the years, we have built strong relationships with our customers and are proud to have a very high percentage of repeat passengers, particularly on long-haul travel to destinations in the Far East and Europe. The deployment of our refurbished Boeing 777 – our first in Africa – will further elevate the experience for these passengers, with the introduction of Premium Economy and our new Business Class experience. We look forward to welcoming travellers from South Africa on the refreshed Emirates Boeing 777 soon.”  A closer look at the refreshed Boeing 777 The refurbished four-class Emirates Boeing 777 features upgraded interiors with new design elements, including modern colour palettes, specially designed Ghaf Tree motifs, and wood finishes across all cabins. Each aircraft includes 260 latest generation Economy seats, 24 of the popular Premium Economy seats, 38 Business Class seats in 1-2-1 configuration and eight First Class Suites. Economy Class is decked out with a calming ocean blue interior, and high ceilings, giving a greater sense of space and light. The cabin features the latest generation seats with generous legroom, to ensure comfort is the top priority. The highlight is Emirates Premium Economy, introducing the much-lauded cabin to South Africa for the first time. Making luxury travel more accessible to a wider audience, Premium Economy offers an experience similar to Business Class on many airlines, with spacious leather reclining seats with full leg and footrests and adjustable headrests. It features in-seat charging points, a wood-finished side cocktail table, a 13.3-inch TV screen, a generously sized pillow and blanket, complimentary amenity kits on select flights and a globally exclusive sparkling wine - Chandon Vintage Brut 2017. Emirates’ Boeing 777 Business Class cabin has also been redesigned, with seats set-up in a 1-2-1 arrangement to offer privacy, aisle access and space to work, lounge and indulge in restorative rest. Each seat is wrapped in champagne leather, matching the ones on the latest Emirates A380, with detailed stitching and soft cushioned headrests. Described as a hotel room in the sky, Emirates’ First Class Suites maintain the highest levels of comfort, privacy and luxury that passengers have come to expect from Emirates and now offer refreshed interiors. Emirates’ industry-leading retrofit programme First initiated in November 2022, Emirates’ USD $5 billion dollar retrofit programme is one of the largest known programmes in the industry, with 219 A380s and Boeing 777s slated for nose-to-tail upgrades to enhance the onboard experience for passengers.   The monumental project is handled entirely in-house by Emirates Engineering, with over 270 engineers and technicians work round the clock, devoting over 1,800 manhours each day to bring each aircraft to impeccable completion. To date, 67 aircraft have rolled out of Emirates Engineering – 32 A380s and 35 Boeing 777s. Once complete, Emirates will have installed 8,512 next-generation Premium Economy seats, 2,034 refreshed First-Class suites, 12,720 upgraded Business Class seats with entirely new configurations, and thoughtfully overhauled 68,364 Economy Class seats.

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PayAngel (https://PayAngel.com), a cross-border payments platform built by migrants and shaped by a lived understanding of the migrant journey, today announced an expanded collaboration with Visa, a world leader in digital payments. Leveraging Currencycloud, a Visa Direct solution, PayAngel will strengthen its multicurrency account and international payout capabilities. The collaboration enables PayAngel to support faster, more efficient cross border payouts across multiple currencies and countries, enhancing how individuals and businesses move money internationally. This capability supports everyday use cases that matter to PayAngel’s customers, from contributing to family milestones and fulfilling communal obligations, to supporting businesses that operate across borders. Born out of a desire to challenge the high costs, friction, and lack of transparency that have long defined traditional remittances, PayAngel enables fee free transfers, competitive FX rates, and dependable settlement across 22 African countries, as well as India and Bangladesh. The platform also supports businesses through a web based B2B payments portal that enables collections, disbursements, and cross border settlement without the need for local presence or complex integrations. By utilising Currencycloud’s regulated infrastructure, PayAngel is able to streamline settlement flows, improve operational efficiency, and expand its ability to serve customers with clarity, control, and confidence. The collaboration aligns with PayAngel’s long term strategy to scale responsibly, deepen trust, and invest in resilient global payments infrastructure. “Access to dependable, well governed payment rails is essential to supporting globally connected communities,” said Jones Amegbor, CEO at PayAngel. “This collaboration strengthens the infrastructure behind our platform, helping us deliver faster and more efficient cross border payments while staying focused on the human connections those payments represent.” “Visa Direct is focused on enabling secure, seamless money movement across the global payments ecosystem,” said Philip Konopik, SVP, Head of CMS, Visa Europe. “It's fantastic to be collaborating with fintechs such as PayAngel, to help supercharge innovation that improves how money moves for consumers and businesses worldwide.”

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Azentio Software (www.Azentio.com) , a leading technology enabler in the BFSI space, announced the launch of Azentio Loan Origination, its next-generation product that redefines how financial institutions scale credit operations across retail, SME, and corporate segments, and supports both conventional and Islamic financing. According to Deloitte (http://apo-opa.co/46lKYvA), today’s lending market demands speed, personalization, and easy digital access. Azentio Loan Origination enables banks and financial institutions to onboard customers quickly, make accurate credit decisions, and provide a seamless borrower experience, all while staying compliant with evolving regulations. Reimagining speed and personalization in lending With Azentio Loan Origination, lenders can launch new products up to 70% faster. Built-in compliance for each region shortens time-to-market from months to weeks. This enables lenders to avoid delays, accelerate innovation, and identify new growth opportunities. Smarter credit decisions for precision and efficiency Azentio’s new loan origination offering streamlines every step of credit decisioning with automation at its core. Its policy-driven framework seamlessly integrates with KYC, AML, and credit bureau systems to reduce approval delays and minimize manual errors. Pre-configured integrations and dynamic workflows make onboarding faster and simpler, helping banks lower drop-offs and improve decision accuracy. With compliance built in for both conventional and Islamic finance, lenders can grow without regulatory risk. Future-ready architecture for scalable growth Azentio Loan Origination is cloud-ready, scalable, and integrates easily with existing technology stacks, enabling financial institutions to expand into new regions. Its open framework ensures resilience, adapts to regulatory change, and supports new capabilities such as advanced analytics and alternative data without causing significant disruptions. “Banks are under pressure to deliver seamless digital experiences while navigating tougher regulatory landscapes,” said Guru L, Senior Vice President, Lending – Product Management, Azentio. “Azentio Loan Origination brings speed, intelligence, and compliance together in a single offering, enabling financial institutions to innovate and scale. With this launch, we are equipping the industry not just to keep pace with change, but to lead it.”

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Africa’s leading electric vehicle (EV) and clean energy infrastructure platform, today announced the successful closing of its latest funding round at $270 million. This milestone follows a newly finalized $55 million investment from NewTrails Capital, a prominent Chinese growth-stage investment fund focusing on emerging markets with strategic locations in Shanghai, Shenzhen and Nigeria. Scaling Africa’s next-generation mobility and energy ecosystem This capital injection positions Spiro among the continent's most heavily backed Africa’s e-mobility and energy ecosystem. Building on the support of long-standing institutional partners such as FEDA, Spiro’s latest equity round also draws global capital from Europe and Africa, Impact Fund Denmark, Equitane and FEDA, on top of the recent backing from Nithio and the Africa Go Green Fund. "I would like to thank NewTrails Capital for believing in Spiro’s model and supporting our unique tech, energy and innovation journey. Having deployed 100,000 electric vehicles and 2,500 smart-swap stations across seven active markets, Spiro has firmly moved past the proof-of-concept phase. Partnering with NewTrail Capital’s deeply experienced team marks a powerful new chapter for Spiro as we prepare for the next steps of our pan-African and international expansion”, stated Gagan Gupta, Founder of Spiro and Chairman of Equitane. Yufan Zhang, Founding Partner of NewTrails Capital, added: “We believe Spiro is driving a profound “energy revolution” across mobility use cases in Africa. This represents not only a vast and highly imaginative market opportunity, but also the potential to grow into an infrastructure-like business that creates meaningful commercial, social, and environmental value. In our view, Spiro’s core strengths lie in its deeply localized operating capabilities, vertically integrated supply chain, digitally enabled ecosystem, sound unit economics, and strong ability to scale rapidly. More importantly, Spiro has systematically integrated vehicles, batteries, energy replenishment, payments, and service networks into a solution that is truly tailored to the needs of African users, effectively addressing long-standing structural pain points in the local market. As a Chinese fund committed to investing in Africa’s energy transition and green technology, we are also very encouraged to see Chinese supply chains and financing playing an increasingly important role in this process. Spiro is still a young company, and everything today is only the beginning. We look forward to continuing to fulfill our role as a long-term investor, contributing our resources and experience, growing together with Spiro, and helping accelerate Africa’s new energy transition.”, This partnership will be instrumental to support Spiro’s current manufacturing and supply chain localisation effort on the continent in particular with Chinese suppliers.

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Radisson Hotel Group (RHG) (www.RadissonHotels.com) is helping drive a new era in healthcare meeting planning, contributing to the industry’s evolution from operational event delivery to a structured, strategic discipline focused on improving scientific exchange, decision-making, and healthcare outcomes. The findings emerge from the Radisson Hotel Group Knowledge Exchange: Healthcare Planning, Design and Strategy Summit held in Florence, Italy, where 75 experts from across the pharmaceutical, healthcare agency, and venue production sectors came together to explore the future of healthcare meeting design. Built to drive tangible outcomes, the two-day summit centered on collaborative working sessions and practical workshops that translated industry insights into actionable frameworks, rather than a traditional conference format. The resulting report identifies a clear industry shift: healthcare meetings are increasingly being recognized not as standalone events, but as strategic communication systems that require structured design, measurable methodologies, and continuous improvement. “Healthcare meetings are no longer simply logistical exercises—they are strategic communication platforms that can drive measurable educational, scientific, and organizational outcomes,” said Muriel Poulenc, Senior Director, Sales Strategy at Radisson Hotel Group. “Across the industry, we are seeing growing recognition that better outcomes require more than flawless execution. They require structured design, integrated workflows, and a more deliberate approach to how meetings are planned, delivered, and measured. The organizations embracing this shift will be best positioned to create meaningful impact.” Healthcare meeting design is becoming a discipline A central theme emerging from the Florence summit is the growing professionalization of healthcare meeting planning. As regulatory requirements, stakeholder expectations, and organizational complexity continue to increase, the industry is moving toward shared methodologies, frameworks, and measurement systems that support more consistent and effective outcomes. Building on discussions first initiated at the 2025 Knowledge Exchange, participants worked to translate industry insight into practical, repeatable tools designed to improve meeting effectiveness, compliance, and stakeholder engagement. The report argues that healthcare meetings should no longer be viewed as isolated events, but as intentionally designed systems that support learning, collaboration, and decision-making across the healthcare ecosystem. The healthcare meeting planner is becoming a decision architect As healthcare meetings become more complex, the role of the planner is evolving beyond coordination and logistics. The report highlights the emergence of meeting planners as strategic decision architects, responsible for aligning stakeholders, structuring workflows, and helping organizations make better decisions throughout the planning lifecycle. Workshop discussions revealed that many organizational challenges, including delays, inefficiencies, and rework, are often the result of fragmented decision-making rather than execution shortcomings. Participants concluded that better meetings depend on better decision structures, greater alignment, and earlier strategic involvement from planners. AI won't fix healthcare meetings. Better systems will While artificial intelligence (AI) continues to dominate industry conversations, the Florence summit challenged the assumption that technology alone will solve healthcare meeting challenges. According to discussions and data presented during the summit, while AI adoption across the industry is high, relatively few organizations are achieving its full value. Participants agreed that the real challenge is not technology adoption, but the integration of AI into coherent workflows, governance models, and decision-making systems. The report identifies fragmented processes, disconnected workflows, and inconsistent planning structures as some of the industry's most significant barriers to progress. In many organizations, as much as 40–60% of planning activity remains focused on non-value-creating work. To address these challenges, RHG advocates for the adoption of structured methodologies, including Lean Six Sigma, Agile, and Sprint thinking, to redesign healthcare meeting planning around flow, efficiency, and measurable outcomes. Build. Measure. Learn. One of the report's key contributions is the introduction and exploration of the Meeting Flow Efficiency Ratio (MFER), a framework designed to measure the balance between value-creating activity and reactive planning effort. The model demonstrates how organizations can increase productive planning time by improving workflow design, reducing friction, and creating greater alignment across teams and stakeholders. The report also reinforces the need to move beyond one-off event thinking toward a continuous engagement model. This evolution is particularly important given the report's finding that 66% of healthcare professionals change their clinical practice or prescribing behavior following participation in industry-sponsored symposia, highlighting the significant influence healthcare meetings can have on professional decision-making and patient outcomes. An industry ready to evolve A panel featuring senior leaders from Inizio Engage XD, MCI, Emota, and Open Audience reinforced the report's conclusions. Drawing on longitudinal industry data spanning 2018 to 2026, the panel identified a common challenge: not structural failure, but structural inertia. While participation remains strong and investment continues, many traditional meeting formats have failed to evolve alongside changing expectations and technological capabilities. The report concludes that the future of healthcare meetings will belong to organizations that combine methodology, intelligent orchestration, and strategic design to create more impactful, measurable, and scalable engagement. By combining sector expertise, collaborative industry engagement and methodology-driven approaches, Radisson Hotel Group continues to support the advancement of healthcare meeting design and contribute to the ongoing development of the discipline globally.

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Credit Bank, Visa launch multi-currency prepaid card

MOST POPULAR

Emirates welcomes its first retrofitted Boeing 777 in Africa

M-PESA Empowers Kenyans to Send and Receive Money Across The World

Powering Faster Global Money Movement

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Azentio reimagines speed and personalization for SME and corporate lenders with...

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Spiro secures $55M additional backing from Chinese investor NewTrails Capital

Radisson Hotel Group shapes the future of healthcare meeting design

Irish and Kenyan Scientists Collaborate on Dairy Research

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Third Africa Islamic Finance Forum Confirmed for Nigeria March 2018

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