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
Al Baraka Bank Egypt has announced the opening of its second electronic branch in the Smouha district of Alexandria Governorate, marking another step in the accelerated implementation of its digital transformation strategy and the expansion of its geographical presence beyond Greater Cairo. During this time, the bank continues its commitment to providing banking services that
enza is delighted to announce that it has been awarded a Payment Service Provider Enhanced licence by the Central Bank of Ghana. The award of the PSP Enhanced licence marks an important milestone for enza, Ghana’s financial services sector, and the continued development of regulated digital payments infrastructure across Africa. The Bank of Ghana’s licensing and
Kora, the payment infrastructure platform, has joined the International Air Transport Association’s IATA Financial Gateway (IFG), connecting global airlines to Africa’s payment ecosystem through a single, reliable infrastructure layer. IATA Financial Gateway is the airline industry’s dedicated payment orchestration and management platform. IFG brings together global, regional and local payment partners to provide airlines with
UBA UK’s business development team recently completed a strategic visit across five Francophone African markets: Côte d’Ivoire, Senegal, Burkina Faso, Benin and Cameroon. The trip forms part of a broader, continent-wide effort to deepen relationships with the banks, institutions and corporates that connect African economies to global trade and capital flows. For UBA UK, Francophone
Mastercard announced the launch of its Africa Cybersecurity Center of Excellence, a pan-African initiative designed to strengthen cyber resilience, enhance collaboration and help safeguard the trust that underpins Africa’s expanding digital economy. The announcement was made during a visit to South Africa and Nigeria by Mastercard CEO, Michael Miebach, reflecting Mastercard’s long-term commitment to supporting
ZANACO–Zamtel Money Point of Sale (POS) Payment Partnership and its launch mark a significant milestone in Zambia’s journey towards a digitally enabled and financially inclusive economy. By integrating Zamtel Money mobile wallet services with ZANACO’s extensive POS network, the partnership expands access to secure, convenient, and seamless digital payment solutions for businesses and consumers across
Absa Bank Kenya and Unilever Kenya have signed an agreement for a KES 4 billion financing programme designed to address access to working capital, one of the most significant constraints facing distributors and retailers. The initiative is expected to strengthen Kenya’s consumer goods value chain while accelerating the growth of small and medium-sized enterprises (SMEs)
Ghana International Bank is pleased to announce the appointment of Ian Greenstreet as its new Chief Executive Officer, subject to the completion of the customary regulatory approval process in the United Kingdom. Ian is one of the most experienced financial services leaders of his generation, bringing more than four decades of international banking, investment management,
