Kenya’s consumer lending market, according to TransUnion Kenya’s Q1 2024 Market Analytics Report, reflected a mix of resilience and optimism in the first quarter of this year. This growth has been driven by lenders who, equipped with deeper insights and advanced tools, have adapted to the evolving regulatory environment. As a result, they are now
TerraPay, a leading money movement company, has partnered with enza, an Africa-focused payments technology firm. The collaboration, announced Wednesday (July 10), is designed to promote financial inclusion in Africa, the companies said in a news release provided to PYMNTS. That means Enza—with offices in South Africa and Egypt—can harness TerraPay’s connectivity to more than 2.1
Cloud technology transforms the payments landscape, enabling financial institutions (FIs) to modernize their operations, reduce costs, and improve customer retention. With a cloud-native infrastructure, payment providers can scale faster, access advanced data analytics, and deploy new solutions more swiftly, positioning themselves ahead in a competitive market. HPS, in partnership with Datos, has explored how cloud
Luno customers are now able to pay using crypto at over 31,000 merchants in the Zapper payments network across the country, ranging from Dis-Chem pharmacies and FlySafair to fuel stations, educational institutions, bill payments, parking, donations and more. This opens a huge market for South Africans to pay for goods and services using crypto, according to licensed financial
Thunes – a B2B payments infrastructure platform – has announced a partnership with Access Bank to improve cross-border payments in and out of 13 African countries. The collaboration will enable Access Africa to facilitate inbound and outbound cross-border payments in 13 markets: Botswana, Cameroon, the Democratic Republic of the Congo, Gambia, Ghana, Guinea, Kenya, Mozambique,
Mastercard and MTN Group Fintech have partnered to help consumers and small businesses across Africa transact through mobile payments. The companies said in a press release on Wednesday (Feb. 28) that with this partnership, Mastercard’s technology will support MTN’s FinTech platform, which has 290 million subscribers and 60 million active monthly MTN Mobile Money (MTN
BankservAfrica and Union Pay International have joined forces to introduce UPI e-commerce acceptance across several African countries. This builds on UPI’s appointment of BankservAfrica last December as its domestic on-soil processor for affordable, accessible, and innovative card payments for South Africa. “As the largest automated payments clearing house in Africa, responsible for clearing and processing
African Development Bank Group has appointed Dr. Emmanuel Pinto Moreira as Director of Special Operations in the President’s Cabinet Office, effective 1 July 2024. Dr. Pinto Moreira, a Beninise economist, brings over three decades of experience in macro-fiscal, growth, poverty, economic governance, trade, and competitiveness-related work. His career spans middle-income and low-income countries in the
Mastercard’s vision of instant and secure payments as a multiplier to help businesses and economies thrive continues to grow. Today, Mastercard announced that South Africa will be the first market in the world to benefit from the security and speed of immediate Mastercard card payments. Through product innovations, network enhancements, and strategic partnerships, Mastercard will
TBD and African FinTech Chipper Cash partnered to facilitate B2C and B2B cross-border payments across 40 African countries. Chipper Cash has integrated with TBD’s open messaging protocol, tbDEX, to power cross-border payments and decentralized identity use cases, the companies said in a Tuesday (May 14) press release. “Across Africa, the challenges of currency liquidity and
