Flutterwave, a leading payments technology company, has recently been granted a Payment Service Provider license (Enhanced Category) by the Bank of Ghana. The milestone marks a significant expansion of Flutterwave’s operations in Africa, enabling the company to offer a comprehensive suite of payment services directly within, and through Ghana. Ghana presents an exciting market for
Dopay, a fintech platform focused on providing digital payroll and payment solutions to the unbanked and underbanked workforce in emerging markets, has successfully raised $13.5 million in a Series A extension round. The fresh capital, led by Argentem Creek Partners and with participation from existing investors, will fuel Dopay’s expansion in its home market, Egypt,
The Association of Fintechs in Kenya (AFIK) is pleased to announce its strategic partnership with the Africa Fintech Summit (AFTS) 2024. This partnership aims to advance fintech innovation, foster growth, and create new opportunities for key players across Africa’s financial technology landscape. AFTS 2024, a premier event bringing together issues, entrepreneurs, and opportunities revolutionising finance
PalmPay, a leading Africa-focused fintech platform, has been included in the 2024 edition of CNBC and Statista’s prestigious list of the “Top 250 Fintech Companies in the World.” This recognition underscores PalmPay’s rapid growth and significant contributions to advancing financial inclusion. The CNBC/Statista list honours fintech pioneers significantly transforming the financial services industry through technology.
Ericsson and MTN provided free financial training to small- and medium-scale women entrepreneurs in Kampala, Uganda. The collaboration aimed to drive financial and gender inclusion and empower African women to reach their full potential. To celebrate International Women’s Day, the two companies launched a three-week training program for local female traders at one of the
The Rwanda Bankers’ Association (RBA) has launched its inaugural State of the Banking Industry Report (SBIR). The report was launched on July 11, 2024, at the Kigali Marriott Hotel. The SBIR dissemination event brought together, bank CEOs, representatives from the National Bank of Rwanda and other regulatory agencies, microfinance and insurance institutions, and regional and
Paymentology’s cloud-first card issuing, and analytics platform powers Waafi by Salaam Bank to launch digital and physical cards across Somalia Paymentology, the leading global issuer-processor, proudly announces its partnership with Salaam Bank’s Waafi, on the launch of its co-branded tokenised tap-to-pay digital companion card, and physical card, for Waafi mobile app users in the Horn
Absa Group is extending pivotal partnerships in the digital space to offer clients continued seamless and innovative banking experiences. This strategic move ensures clients will benefit from enhanced features such as advanced machine learning algorithms and improved data analytics – technologies that are crucial to delivering faster, more accurate customer service and tailored financial solutions
Standard Bank is actively reducing its ATM presence across South Africa by introducing more efficient “new technology ATM devices” with higher capacity to better serve clients. In recent years, South Africa’s major banks have been reducing their physical footprint as customers increasingly adopt digital transaction channels. This has led to a reduction in the size
The South African debit order landscape has undergone significant transformations to enhance security and efficiency. Central to this evolution was the introduction of the DebiCheck debit order system. The South African Reserve Bank (SARB) dictated the implementation of a new payment stream in the early morning processing window where authentication by the payer occurs prior
