UNDP and Visa Partner to Boost Digital Transformation and Financial Inclusion in Somalia

Posted on by kara | 6559 Views | 13 min read
UNDP

The United Nations Development Programme (UNDP) in Somalia and Visa, a global leader in digital payments have signed a partnership agreement aimed at helping accelerate the implementation of the Sustainable Development Goals (SDGs) in Somalia through digital financial inclusion and digital transformation with relevant institutions in Somalia. The collaboration was announced at an event organized

Independent ATMs Keep Cash Accessible in South Africa – ATM Solutions

Posted on by kara | 22000 Views | 15 min read
Independent ATM

Cash continues to power everyday transactions for millions across the nation. According to The South African Reserve Bank (SARB) Payments Study Report released in August 2024, South Africans use cash most often as a payment method (87%), regardless of what they buy. Only 15% use cardless payments and 8% opt for credit card, while debit

Safaricom and Mastercard Partner to Expand Remittances and Payment Acceptance to Over 636,000 Merchants in Kenya

Posted on by kara | 5195 Views | 7 min read
Safaricom

Safaricom and Mastercard have signed a partnership to accelerate the adoption of payment acceptance and cross-border remittance services in Kenya. This collaboration is set to benefit over 636,000 merchants using M-PESA, Safaricom’s leading mobile money service. Kenya’s payment acceptance market continues to grow, with mobile wallet payments driven by M-PESA showing a 12.7% CAGR between

PayRetailers Expands Further Into Africa, Boosting Financial Inclusion Across Eight Additional Key Markets

Posted on by kara | 31520 Views | 9 min read
PayRetailers

Expansion includes Burkina Faso, Cameroon, Kenya, Ivory Coast, Ghana, Senegal, South Africa, Nigeria; Leveraging success in Latin America to provide underbanked populations in Africa with efficient payment functions. PayRetailers, the leading payment processor for Latin America, has today announced further expansion into Africa. With coverage now across 12 countries, the company offers a unified simple

Xago Technologies: A Fully Licensed Crypto Asset Service Provider in South Africa

Posted on by kara | 5725 Views | 5 min read
Xago

Xago Technologies, a leading innovator in the cryptocurrency and digital assets industry, is proud to announce that it has received its Crypto Asset Service Provider (CASP) licence from the Financial Sector Conduct Authority (FSCA) in South Africa as a CAT I Intermediary. This milestone marks a significant step forward in the company’s mission to provide

PalmPay Rolls Out USSD Service to Empower Users with Enhanced Financial Access and Account Security

Posted on by kara | 8515 Views | 6 min read
PalmPay

PalmPay, a leading financial platform with over 30 million users in Nigeria, has launched its USSD code service. This new feature allows Nigerians to manage their finances without needing internet access. By dialing *861# from their mobile phones, customers can now carry out a wide range of banking transactions. PalmPay, operating in Nigeria since 2019

African Development Bank Group Approves $6.6 Million Grant to Strengthen Somalia’s Financial Architecture for Growth

Posted on by kara | 6089 Views | 6 min read
African Development Bank

African Development Bank Group has approved a $6.6 million grant to assist the Federal Government of Somalia (FGS) in enhancing state capacity to develop its financial infrastructure, promoting inclusive and equitable growth. The Somalia Financial Sector Development Project will concentrate on strengthening the capabilities of financial institutions, including the Central Bank of Somalia, Somalia Development

Omnisient Wins Finovate’s 2024 Excellence in Financial Inclusion Award

Posted on by kara | 3642 Views | 9 min read
Omnisient

South African start-up represents African innovation as only company awarded in US competition for the best in global fintech. Omnisient, a leader in privacy-preserving data collaboration, has been awarded the globally recognised Finovate 2024 Excellence in Financial Inclusion Award. Omnisient was the only African fintech to be recognised as a leader in its category. The

Paymob Extends Series B to USD $72 Million as It Maintains Profitable Growth in Its Core Market

Posted on by kara | 9365 Views | 14 min read
Paymob

Paymob, MENA’s leading financial services enabler, announces a $22 million Series B extension round – taking the Company’s total Series B funding to $72 million. The funding was led by EBRD Venture Capital with participation from Endeavor Catalyst. Existing investors PayPal Ventures, BII, FMO, A15, Nclude and Helios Digital Ventures participated in the round, reaffirming

Discovery Bank Grows to One Million Clients Two Years Ahead of Plan

Posted on by kara | 4359 Views | 12 min read
Discovery Bank

Discovery Bank, today, announced that is has reached the milestone of acquiring its first one million clients. This follows the Bank’s announcement earlier this year that it had over two million active accounts. Hylton Kallner, CEO of Discovery Bank, says, “This milestone of our first million clients is a special one. While it’s only the