Abay Bank, in partnership with Visa Inc., a global leader in digital payments, has officially introduced the Abay Classic International Pre-Paid Visa Card, a service designed to empower customers, to make secure global payments without the need to carry cash. The vibrant launch ceremony, held at Abay Bank Headquarters in Addis Ababa, was graced by
Stables and Access Bank South Africa are partnering to explore a faster, cheaper way for African businesses to pay and get paid across Asia, settled in USDt. The partnership connects Access Bank’s customers to Stables’ payments network in Asia and MENA, targeting one of the slowest and most expensive corridors in global trade. It is
IFC has committed its first transactions in Africa under the Catalytic First Loss Guarantee (CFLG) Program, unlocking a new pathway to finance for Kenya’s entrepreneurs. Through partnerships with 4G Capital, Equity Bank Kenya, and KCB Bank Kenya Limited, the initiative is expected to catalyze approximately $144.4 million equivalent in local currency lending to microenterprises, women-owned
Tyme Group today announced that GoTyme Bank has been named Best Digital Bank for Consumers at the Euromoney Awards for Excellence 2026 across both its South Africa and the Philippines operations—making it the leading digital bank in all the markets in which it operates. The award follows another year of exceptional growth for Tyme Group,
UnionPay International has actively participated in the premier 7th Africa Fintech Forum, held at the Villa Rosa Kempinski Hotel in Nairobi, Kenya. The strategic move signals a major milestone in solidifying its brand equity and expanding its footprint within the pan-African fintech ecosystem, while simultaneously accelerating digital payment innovation and scaling cross-border financial rails. As
SACE, the Italian Export Credit Agency owned by the Ministry of Economy and Finance, and Bank of Africa, one of the leading banking groups on the African continent, have signed a cooperation agreement in Casablanca aimed at developing new financing and investment opportunities across Africa and supporting the participation of Italian companies and supply chains
eZi Remit, a South African-based remittance fintech, has announced a strategic collaboration with Mastercard to enhance the speed, security, and accessibility of cross-border payments for eligible transactions. Powered by Mastercard Move, Mastercard’s portfolio of global money movement capabilities, eZi Remit’s solution is designed to enable South Africans to send money internationally with improved speed, transparency,
BORICA AD and OpenWay have received two Global Transaction Banking Innovation Awards 2026 from The Digital Banker for their role in enabling Bulgaria’s national euro payments transition. The Digital Banker honored BORICA AD and OpenWay in the categories Excellence in Digital Innovation – Europe and Best Digital Transformation Program by a Vendor for their joint
Guinea has launched NimbaPay, its national instant payment system, marking a step towards a more connected, inclusive and digitally enabled economy. According to the government, the initiative was developed by the Central Bank of the Republic of Guinea (BCRG) and implemented by Guinéenne de Monétique, enabling instant, secure and interoperable payments between participating financial institutions,
Original article published by Financial Mail here: Author Tim Cohen The South African Reserve Bank (SARB) is considering making participation in the PayShap instant payment system mandatory for banks as part of its broader effort to accelerate digital payments and reduce the country’s reliance on cash. While PayShap has been available for more than three
