Blog

EAC Advances Regional Digital Integration With Payment Masterplan

EAC

EAC is poised to accelerate regional digital integration with the development of an EAC Payment Systems Masterplan. The Masterplan is set to harmonise legal, regulatory and oversight frameworks to promote a conducive cross-border payment ecosystem in the region. Speaking during a meeting of the EAC Regional Payments System Steering Committee in Entebbe, Uganda, the EAC

AFS and Nsano Partner to Transform Card Payments in Africa

AFS

AFS (Arab Financial Services), the Middle East and Africa region’s leading digital payment solutions provider and fintech enabler, signed a strategic partnership with Nsano, a leading pan-African payment processor and mobile money aggregator headquartered in Accra. This collaboration aims to expand digital payment options across Sub-Saharan Africa by leveraging the combined expertise of both companies.

KCB Bank and UnionPay in a deal to support e-commerce payments

KCB Bank

KCB Bank Kenya and UnionPay International (UPI) have partnered to enhance e-commerce payment capabilities in Kenya, enabling UnionPay cardholders to transact seamlessly on digital platforms. This collaboration marks a significant advancement in digital payment capabilities, aimed at enriching the online shopping experience for consumers and merchants across Kenya. “We are delighted to join hands with

Eliminating Technology Debt in Digital Payments: Why SaaS is the Future

As digital payments evolve, financial institutions face a major challenge: balancing innovation with maintaining existing IT assets. However, as Dr. John Wamai, Director at Equity Bank, warns in his recent LinkedIn post: “The pressure and urge to ‘sweat’ and maximize IT assets often lead to outdated and inefficient systems, temporary fixes, and poor integration—ultimately misaligning

MoneyHash Raises $5.2 Million Pre-A Funding

MoneyHash

MoneyHash, the first and leading payment orchestration platform operating in the Middle East and Africa (MEA), has secured $5.2M in pre-A funding. The round was led by Flourish Ventures, a global fintech investor known for backing industry leaders such as Chime and FlutterWave. New investors include Saudi’s Vision Ventures, Arab Bank Venture Capital, and Emurgo

AWS to Accept Naira Payments, Shaping Nigeria’s Cloud Services Market

AWS

AWS (Amazon Web Services), a global leader in cloud computing and a key provider for numerous Nigerian startups and commercial banks has announced it will now accept payments in Naira, in addition to seven other local currencies for European clients. This change is expected to reduce cloud expenses for many Nigerian companies, which often host

Cairo Amman Bank Taps Mastercard Move to Facilitate Cross-Border Payments

Cairo Amman Bank

Cairo Amman Bank will leverage Mastercard Move’s money movement capabilities to facilitate the movement of funds from Jordan to 37 countries. The bank will also incorporate Mastercard value-added services like fraud analytics and risk control, the companies said in a Thursday (Jan. 16) press release. “We aim to address existing challenges in cross-border payments and

Mastercard Grows West Africa Footprint with First Ghana Office

Mastercard

Mastercard has opened its first office in Accra, Ghana, to support the country’s growing digital economy. This expansion strengthens its footprint across Africa, with existing offices in Cairo, Casablanca, Johannesburg, Lagos, Nairobi, and Mauritius. This move is part of Mastercard’s strategy to reinforce relationships with local stakeholders and foster inclusive growth in West Africa. “Opening

Sevi Set to Revolutionise African Retail Financing with ‘Stock Now, Pay Later’ Platform

Sevi

Sevi, a fintech company regulated by the Central Bank of Kenya, is revolutionizing stock financing for wholesalers and retailers through its “stock now, pay later” platform. Sevi addresses the challenge of insufficient working capital by providing users with access to credit while ensuring suppliers are paid upfront. With Sevi, suppliers like Coca-Cola, Anytime and Philmed

USTDA Advances U.S. Digital Banking Technology in Nigeria

USTDA

USTDA Supports Zenith Bank’s Transition to Microsoft’s Azure Cloud Platform The U.S. Trade and Development Agency announced that it has awarded a training grant to Zenith Bank Plc (Zenith) to support institutional skill set transformation as it adopts the Azure hyperscale cloud platform from Washington-based Microsoft Corporation (Microsoft). Zenith’s switch to this technology will increase