It has been an exciting year for payments and payments technology. Our Payments Product Manager, Rinske van der Bijl, has discussed the latest highlights and additions to Electrum’s Clearing House Payments offerings. Dear Electrum Payments Community It’s impossible to start this letter without mentioning our excitement about PayShap RTP (request-to-pay), that is fast becoming a
Africa’s payment landscape has undergone significant transformations in recent years, driven by technological advancements, changing consumer behaviour, and the rise of fintechs. Amid this evolution, Interswitch Group, one of the continent’s leading integrated payments and digital commerce companies, has strengthened its longstanding partnership with ACI Worldwide, a global leader in real-time payments software, to unlock
dLocal, a Uruguayan cross-border payment platform, has forged a partnership with iTransfer, a money remittance company. Their collaboration aims to address the complexities of cross-border payments in emerging markets, with a focus on mitigating currency risks and enhancing transfer efficiency. The partnership’s primary objectives include offering competitive rates, providing real-time currency updates, and increasing flexibility
Klasha, a prominent global cross-border payments company, has released a comprehensive whitepaper exploring the future of payments between Africa and China. The report, titled “Unlocking opportunities: The future of cross-border payments between Africa and China,” delves into key trends, emerging opportunities, and innovative solutions shaping this dynamic sector. China’s role as a major trading partner
The Central Bank of Nigeria (CBN) has granted approval for a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and Providus Bank Limited. This strategic move, according to the apex bank, is designed to bolster the stability of Nigeria’s financial system and avert potential systemic risks. The merger is contingent upon
Sabipay Technologies, a subsidiary of fintech Pesapal Limited, has been granted a payments system business licence by the Bank of Zambia. The fintech announced the development yesterday, stating that it signals a significant extension of Pesapal’s presence in the Zambian payments landscape. The payments system business license, according to Pesapal, is a crucial approval that
Paymob, a prominent financial services enabler in the MENA region, has announced the launch of its new embedded checkout experiences for merchants, marking a significant extension of its partnership with the commerce platform Shopify. This new initiative is set to revolutionise the way merchants handle transactions, providing them with advanced card and wallet payment options
The Africa Fintech Summit (AFTS) has officially opened nominations for the 2024 Excellence in Fintech Awards, set to be held during the 12th edition of the summit in Nairobi, Kenya, from September 4-6, 2024. Since its inception in 2018, AFTS has established itself as Africa’s leading fintech event, where innovative ideas are exchanged, partnerships are
South African banks, in the next month, will halt electronic fund transfer (EFT) services to Namibia, eSwatini, and Lesotho, restricting clients from transferring money to these Common Monetary Area (CMA) countries. From September 4th, EFT services will be unavailable to South African customers wishing to send money electronically to these key Southern Africa Development Community
The Alternative Bank is leading the way in promoting sustainable economic growth across Africa through its innovative catalytic capital strategy. This approach was prominently showcased at the recent Africa Social Impact Summit (ASIS) 2024, an event organised by the Sterling One Foundation in collaboration with the United Nations. Catalytic capital, which prioritises social and environmental
