PalmPay, a leading neobank and fintech platform focused on emerging markets, has been recognised in CNBC and Statista’s 2025 Top 300 Fintech Companies in the World list. This marks the second consecutive year that PalmPay has earned a place among the world’s most innovative and impactful financial technology firms. The selection is based on a rigorous evaluation
Across Africa, access is widening but gaps remain. Mobile money and instant payment rails continue to scale, yet distance to service points, liquidity constraints, and rising digital risks still hold back formal usage especially outside cities. The strategic question for banks is the following – will branch-centric distribution keep pace or will everyday payments continue
I&M Bank Tanzania, in partnership with Mastercard and OpenWay, today announced the launch of the country’s first Mastercard World Elite debit and multi-currency prepaid cards, powered by the Way4 digital payments platform from OpenWay. The new cards are designed to meet the evolving needs of Tanzania’s affluent and middle-market customers, offering lifestyle privileges, enhanced payment
Smile ID, Africa’s leading identity verification provider, has strengthened its partnership with Mastercard to accelerate the rollout of secure and scalable digital identity solutions across the continent. The extended collaboration is designed to support banks, fintechs, mobile money operators, and other enterprises in quickly and securely onboarding new customers, reducing fraud, and expanding financial access
Mastercard today unveiled On-Demand Decisioning (ODD), a groundbreaking solution that gives financial institutions greater control and agility in the way they manage authorization decisions. ODD is the first offering of its kind that allows an issuer to define decisioning criteria directly on the Mastercard network, unlocking opportunities to optimize performance, tailor consumer experiences, and strengthen
Mastercard and Circle are deepening their longstanding partnership to enable USDC and EURC settlement for acquirers across Eastern Europe, the Middle East, and Africa (EEMEA). As stablecoins continue to address real-world challenges and improve efficiencies across a range of use cases, this collaboration highlights their shared commitment to advancing digital settlement in the region. This
Ecobank, the leading pan-African financial services group with unrivalled expertise across the continent, has once again cemented its position as a pioneer in African banking. The Group is pleased to announce that it has been named Best Digital Bank in Africa and Best Bank for SMEs in Africa at the prestigious Euromoney Awards for Excellence
Bank of Algeria has officially joined the Pan-African Payment and Settlement System (PAPSS), marking a major milestone in Africa’s journey toward seamless financial integration. PAPSS, an initiative launched by the African Export-Import Bank (Afreximbank) in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat, is designed to facilitate
South Africa is poised for a digital currency shift, and technology innovator MoData states that it is positioned to play a key role in underpinning the next generation of money. As South Africa accelerates its digital currency ambitions, the South African Reserve Bank (SARB) is laying the groundwork for a financial revolution – one that
Nedbank Group, one of South Africa’s leading financial services providers, is pleased to announce that it has entered into a binding agreement to acquire 100% of fintech innovator iKhokha in an all cash deal for approximately R1.65bn (subject to certain adjustments upon conclusion), a move that marks a significant milestone in Nedbank’s strategy to deepen
