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 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 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, 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
South African bank Capitec has blocked electronic funds transfers and real-time payments to cryptocurrency exchanges as a security measure. While Capitec acknowledges growing interest in cryptocurrencies, the bank maintains that the measure is necessary to protect clients from fraud. Some industry players view this move as an attempt to restrict crypto trading. Crypto Payments Blocked
NCBA has expanded in Ukunda, as part of its strategy of taking the businesses into new sectors of the economy, as well as providing its services to local clients. Following this announcement, the NCBA Customer centric approach will ensure clients enjoy full banking services, including asset financing, personal and business loans, digital banking, as well
Fincra, an African payment infrastructure provider, has achieved a significant milestone in its expansion plans. The company has secured a Third Party Payment Provider (TPPP) licence in South Africa, enabling it to offer its payment solutions to businesses in the country. This regulatory approval aligns with Fincra’s goal of simplifying value transfer across Africa and
Verve International, Africa’s first and largest domestic payments scheme and an emerging reference point in the burgeoning realm of domestic payment schemes globally, has again announced another remarkable new growth milestone, further consolidating its growing market share in Nigeria in terms of payment card issuance and transactions. Verve Payment Cards in Nigeria, Africa’s largest consumer
Safaricom has expanded M-PESA Kenya’s International Money Transfer (IMT) service to Ethiopia, enabling customers to send money from Kenya to Ethiopia via M-PESA Global. Through this expansion, the two companies aim to increase mobile money use and penetration across Ethiopia, boosting local economies and creating opportunities for individuals and businesses across the region. Safaricom Kenya’s
Mukuru, a leading financial services platform providing world-class fintech technology to customers globally, has announced the launch of its new mobile wallet launch in Malawi: the Mukuru Wallet. This move aligns with the business’s unwavering commitment to Malawi and responds to the growing demand for a digital store of value among cash-dependent citizens who have
