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, 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 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
Paymob, the leading financial services enabler in MENA-P, announces it has been granted the Retail Payment Services License by the Central Bank of the UAE (CBUAE) after successfully meeting all regulatory conditions and requirements through a rigorous approval process. The license authorizes Paymob to offer merchant acquiring, payment aggregation services, and domestic fund transfers within
Malek Ferdi, Senior Director Africa Diebold Nixdorf Banks in Africa While the African banking sector has regularly demonstrated its resilience, it still needs to address the issues of inclusivity and sustainability in its various territories to cement its transformation in favour of citizens, entrepreneurs and communities. In search of new challenges, African banks must be
South Africa is set to host the Finance in Common Summit (FiCS) in February 2025, marking a transformative milestone in the continent’s development finance narrative. This historic occasion coincides with South Africa’s assumption of the Presidency of the Group of 20 (G20), amid a period of significant political change and growing economic confidence. FiCS 2025,
Banks around the world are rushing to upgrade legacy systems, placing them at a significant disadvantage when they are already challenged by neo-banks that have none of the same infrastructural baggage. However, as RFPs mount up, the C-suites have been warned not to adopt a core migration strategy that could come back to bite them.
Access the webinar here How can banks stay ahead in a rapidly changing industry? In just 30 minutes, Stanchion Payment Solution’s on-demand webinar, The Future of Banking – Platformication and Payment Fabric, explores how financial institutions are tackling emerging priorities through innovative technologies and smarter strategies. Drawing on IDC research with 150 banks, we unpack
Bidvest Bank is being sold to Nigerian-based Access Bank, which is set to expand the latter’s operations in South Africa substantially. In December 2024, JSE-listed Bidvest announced that it would dispose of 100% of Bidvest Bank Holdings Limited to Access Bank plc. Bidvest is expected to raise R2.8 billion from the sale, which will then
Network International, a leading enabler of digital commerce in the Middle East and Africa, has partnered with Money Fellows, the leading money circles app, to power a new solution that will leverage its best-in-class payment functionality. Under the partnership, Network will provide Money Fellows with its ‘Digital Payments as a Service’ platform with value added
