How Banks and Processors Leverage Dedicated SaaS to Accelerate Payment Innovations – OpenWay

Posted on by kara | 1149 Views | 6 min read

Read more here. A staggering one-third of global software is used in a Software-as-a-Service (SaaS) model, and the volatile payment sector is quick to see its benefits. Both digital-native fintech companies and large, established banks and processors turn to SaaS for rapid product launches without substantial upfront investments or compliance-related delays. They can transition from

Kotani Pay Expands to Rwanda and Uganda, Driving Digital Payment Adoption in East Africa

Posted on by kara | 2780 Views | 11 min read
Kotani Pay

Kotani Pay, a licensed on-ramp and off-ramp service provider, has announced its expansion into Rwanda and Uganda. This development marks a significant milestone in empowering local fintech and crypto businesses, providing them with the essential tools to reach more customers and accelerate the adoption of digital payments in East Africa. Rwanda and Uganda are vibrant

Orange MEA & Mastercard to Digitise Payments Across Africa by 2025

Posted on by kara | 3088 Views | 12 min read
Orange

Orange Middle East and Africa (OMEA) and Mastercard have announced a strategic partnership to expand access to mobile financial services across Sub-Saharan Africa. This collaboration, one of the largest of its kind in the region, will enable millions of Orange Money wallet holders to access digital payments through Mastercard’s global network of merchants by 2025.

Moniepoint: Africa’s Fastest-Growing Fintech Secures $110M to Scale Digital Payments & Banking

Posted on by kara | 3778 Views | 22 min read
Moniepoint

Moniepoint Inc. (“the Company” or “Moniepoint”), Africa’s fastest-growing fintech, announces it has successfully raised US$110 million in equity financing to power the dreams of millions of businesses and their customers across Africa and the diaspora. Founded in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint (formerly known as TeamApt) has an enviable track record of

President Ruto: African Payment System will Unlock the Continent’s Trade Potential – COMESA

Posted on by kara | 2670 Views | 22 min read
President Ruto

President William Ruto has asked Member States of the Common Market for Eastern and Southern Africa (COMESA) to ratify the Pan-African Payments and Settlement System to enable and ease trade among the countries. The President said the African payment system will save Africa more than $5 billion annually in payment and foreign exchange transaction costs.

Absa Secures US$150mn Facility for African SMEs from BII

Posted on by kara | 2260 Views | 6 min read
Absa

Absa Bank CIB has secured a US$150mn facility from the UK’s British International Investment (BII) to fund sustainable trade in Africa. According to a joint press release, the financing will support transactions, including those benefiting women—and youth-led SMEs. The press release says the partnership is “making strides in advancing the efforts of the African Continental

Volante Technologies and Standard Bank Partner to Transform Africa’s Payments with Historic PaaS Deal

Posted on by kara | 3227 Views | 11 min read
Volante

Volante Technologies, the global leader in Payments as a Service (PaaS), is proud to announce a strategic partnership with Standard Bank, Africa’s biggest bank by assets, to modernize payment infrastructure across the African continent. This marks one of the most ambitious PaaS payment deals signed in history. No other payment provider services this many countries

SMEs Reimagine Payments with Woven Finance’s Services

Posted on by kara | 1883 Views | 11 min read
SMEs

SMEs are at the forefront of Woven Finance’s transformation of the African financial landscape through secure payment solutions for businesses and corporations. Woven Finance has positioned itself as a leader in payment solutions by offering a portfolio of innovative, seamless, and secure payment products. Africa’s fintech landscape—particularly in Nigeria—has been on an upward trajectory in

IFC and Equity Bank of Kenya Partner in Landmark Facility to Support Financial Inclusion for Refugees

Posted on by kara | 2683 Views | 11 min read
IFC

IFC today announced a risk sharing facility for Equity Bank of Kenya that is the first globally to be dedicated to financial inclusion for refugees and their host communities. The $20 million facility will boost financial inclusion for individuals and small businesses in Kenya’s most underserved regions, including the Turkana and Garissa refugee hosting areas,

Fils and eeasy Join Forces for Sustainable Payments in Middle East & Africa

Posted on by kara | 759 Views | 12 min read
Fils

Fils, the global leader in enterprise-level sustainability infrastructure, has entered the African market, with a strategic partnership with eeasy, a digital payments technology company operating in Middle East & Africa with a focus on Egypt, to empower its clients in facilitating climate action, offering consumers the option to offset carbon emissions with every transaction. The