PayPal and TerraPay Partner to Expand Access to Cross-Border Payments across Middle East and Africa

Posted on by kara | 4718 Views | 10 min read
PayPal

PayPal, a global digital payments and commerce platform, today announced a strategic partnership with TerraPay, a leading global money movement company, to enable real-time fund transfers for PayPal customers across the Middle East and Africa. This partnership aims to drive economic growth by connecting banks, mobile wallets, and financial institutions to make cross-border transactions faster,

Flutterwave Launches Pay With Bank Transfer in Ghana for Secure Business Payments

Posted on by kara | 13801 Views | 5 min read
Flutterwave

Flutterwave, a Nigeria-based payments technology company, has expanded its presence in Ghana by integrating the Pay With Bank Transfer option in collaboration with Affinity Bank. Ghana recorded over 115 million bank transfer payments in 2023. While Mobile Money remains the dominant payment method for daily transactions, the increasing adoption of bank transfers highlights the growing

Ecobank named Africa’s Best Bank for Trade Finance in Global Finance Awards

Posted on by kara | 12397 Views | 8 min read
Ecobank

Ecobank Group, the leading private pan-African financial services group with unrivalled African expertise, is proud to have been named the Best Trade Finance Provider Bank in Africa at the Global Finance Trade Finance & Supply Chain Finance Awards 2025. Additionally, our affiliates in Burkina Faso, Côte d’Ivoire, and Rwanda have been recognised as the Best

Africa’s Digital Payments Economy to Hit $1.5T by 2030

Posted on by kara | 3934 Views | 21 min read
Africa's Digital

Africa’s digital payments economy is set to grow from strength to strength, according to a Mastercard-commissioned report by Genesis Analytics. The report states that the digital payments economy is expected to reach $1.5 trillion by 2030. As a longstanding technology partner to Africa, Mastercard continues strengthening its commitment to the continent’s digital growth through strategic

enza Secures $6.75 Million Investment from Quona Capital and Algebra Ventures to Advance Financial Inclusion in Africa

Posted on by kara | 3912 Views | 13 min read
enza

enza, a leading innovator in African payment solutions, announced today that it has secured a $6.75 million investment in a seed equity round co-led by Algebra Ventures and Quona Capital. This milestone marks the first external funding for enza and will accelerate the company’s mission to “liberate the world of payments for more inclusive, opportunity-led

Navigating the Compounding Complexity of Digital Card Issuing – Stanchion

Posted on by kara | 43615 Views | 39 min read

By: Pierre Aurel, Chief Product Officer, Stanchion Payments Solution.  Originally published here. The number of virtual cards issued worldwide is growing at an unprecedented pace. According to Juniper Research, global virtual card issuance is expected to grow at over 30% annually between 2023 and 2028, driven by relentless consumer demand for seamless, secure and convenient

Cross Switch Leadership to Attend Pay360 in London

Posted on by kara | 8552 Views | 11 min read

Cross Switch, a global provider of payment processing solutions, announces that Tim Davis, Global CEO, and Mark Chirnside, Global Chief Revenue Officer & CEO Africa, will be attending Pay360 in London next week. As one of the more significant gatherings in the payments industry, Pay360 provides a key platform for thought leaders, financial institutions, and

EFTCorp Recognised for ‘Outstanding Contribution to Fintech Enablement’ at the 15th Africa Bank 4.0 Summit in Ghana

Posted on by kara | 11095 Views | 11 min read
EFTCorp

EFTCorp, a trusted partner in modern banking, was honoured with the ‘Outstanding Contribution to Fintech Enablement’ award at the 15th Africa Bank 4.0 Summit—West Africa, held in Accra, Ghana, from 26 to 27 February 2025. The award recognises EFTCorp’s role in advancing fintech innovation and expanding financial inclusion across Africa by providing cutting-edge payment solutions

KCB Bank Unveils Kenya’s First Platinum Multi-Currency Card With Compass Plus Technologies

Posted on by kara | 22352 Views | 8 min read
KCB Bank

KCB Bank, the largest financial institution in East Africa, has partnered with Compass Plus Technologies to strengthen its multi-currency offering by launching Kenya’s first platinum multi-currency prepaid card. This card will empower its customers with the flexibility and convenience to pay for goods and access funds across borders. The card allows users to load and

PayShap: How Real-Time Payments Are Transforming the Economy

Posted on by kara | 5818 Views | 14 min read
PayShap

PayShap is leading the charge as South Africa’s real-time payments landscape transforms. Built on the Rapid Payments Programme (RPP) rails, PayShap has emerged as a key product driving digital transactions, fostering financial inclusion, and accelerating the country’s shift towards a digital economy. Since its launch on March 13, 2023, PayShap has seen phenomenal growth, with