With new characteristics and rapid growth, African banks are jostling to follow a regional economy growing beyond regional borders.
The African banking sector benefits from significant growth reinforced by a wave of innovation. The key players improve their offers of sophisticated solutions in the transaction bank and the management of cash with commercial financing and robust cross -border payment platforms, demonstrating a commitment to the efficiency, digital transformation and centricity of the customer.
This desire for modernization underlines a dynamic and scalable financial landscape. Strategic investments of African banks in technology, localized solutions and expanded networks not only ration for multinational companies and individual customers, but also promote greater economic and resilience integration through the continent.
Best bank for the transaction bank | Rand Bank Merchant
Rand Merchant Bank (RMB) operates in more than 35 African countries and also via international offices. RMB offers business transactional bank, investment bank, markets and structuring, investment and investment management. The main offers include cash and trade solutions (TTS), online species and investment tools. An integration channel helps companies to connect in a transparent and safe manner via RMB APIs and Hosto-Host channels, all designed for cost savings, efficiency and improvement of visibility.
“In Africa, the agility and the scale go hand in hand,” explains Lizelle Pienaar, head of TTS. “Our role is to remove the friction of the banking operations of our customers. Multinational companies need market consistency alongside solutions adapted to local realities. ”
Best bank for cash management | Ecobank
Transnational, Omni Plus and Omni Lite transaction bank platforms experienced significant growth last year. Omni Plus treated 34.3 million transactions worth $ 72.9 billion, an increase of 14% volume and 25% value, for 38,667 corporate customers (up 16%). Omni Lite managed 2.4 million transactions for $ 8.3 billion, an increase of 23% volume and 25% value, for a clientele that reached 331,807 (up 12%). Ecobank commercial financing activities also increased during the year, with electronic commerce facilitating $ 2.35 billion (up 47%). Ecobank’s rapidcollect solution treated $ 7.8 billion (up 23%). Ecobank has also improved its business API service with a new collection and payment engine based on a Pan -African portfolio.
Best bank for financial institutions, best bank for payments and best bank for collections | Standard bank
Operating in 20 African countries, its network facilitates corresponding bank, cross -border payments and commercial financing for other financial institutions. Offering complete institutional banking solutions, the standard bank operates both physical and digital payment instruments for accounts or mobile portfolios, individually or in bulk, covering cross -border and national electronic payments as well as cash, check and card transactions, as well as beneficiary checks and payment notifications. The bank accepts all recognized offers and instruments, physically or digitally, for internal electronic transactions, cash and check deposits, the acquisition of cards, direct debit and mobile wallet collections.
Best bank for long -term liquidity management and the best business cross -border payment solution | ABC bank
ABC has seen the engagement of customers wholesalely have developed since he launched his platform in cash and in exchange three years ago. The bank’s cash offer includes payments and account services with features such as downloading loose files, SWIFT GPI integration and host features to the host. Serving conventional and Islamic banking customers worldwide, the platform unifies all group locations for a transparent customer experience.
The bank continuously develops new features, including collections and virtual accounts, and initiates payments on Buna, a platform for the Middle East and instant North Africa as well as global payments-similar to the single payment area of the EU Euro. In a pioneering effort two years ago, the bank joined the central bank of Bahrain and JP Morgan on a high -value, cross -border and instantaneous pilot using the blockchain.
Best supplier of short -term investment funds / monetary market | Access bank
Access Bank recently launched the largest commercial paper offer in Nigeria, 266 million dollars, demonstrating strong investor confidence. The innovative offer was welcomed by market stakeholders and helped access Bank to dominate the Table FMDQ Market Turning League for the fifth consecutive year. The Mozambique Sisters Access Bank has followed suit in March with an $ 11.6 million commercial paper, presenting the regional group’s regional capacity.