SMEs are at the forefront of Woven Finance’s transformation of the African financial landscape through secure payment solutions for businesses and corporations. Woven Finance has positioned itself as a leader in payment solutions by offering a portfolio of innovative, seamless, and secure payment products. Africa’s fintech landscape—particularly in Nigeria—has been on an upward trajectory in
Safaricom has expanded M-PESA Kenya’s International Money Transfer (IMT) service to Ethiopia, enabling customers to send money from Kenya to Ethiopia via M-PESA Global. Through this expansion, the two companies aim to increase mobile money use and penetration across Ethiopia, boosting local economies and creating opportunities for individuals and businesses across the region. Safaricom Kenya’s
EFT Corporation (EFTCorp) and Visa have announced a transformative five-year partnership to revolutionise Africa’s digital payments landscape. This collaboration seeks to enhance financial inclusion and introduce advanced payment solutions across the continent. Fintechs across Africa are invited to join an exclusive programme to accelerate their growth. By leveraging EFTCorp’s established platform and reach, participants will
NMB Bank Plc, in collaboration with Mastercard, proudly announces the launch of Tanzania’s first QR Pay by Link (QR PBL) payment solution, a significant milestone in the country’s journey toward digital transformation. This innovative solution allows SMEs to accept card payments via QR code or secure link, providing businesses with an efficient, cost-effective way to
Milken Institute and the Motsepe Foundation announced the 10 teams advancing to the Semifinalist Round of the MilkenMotsepe Prize in FinTech, with each team receiving $100,000 in funding. Responding to a global call for applications, this prize supports innovative solutions to expand access to tools necessary for financial inclusion across emerging and frontier markets. The
By Tripti Pande, Payments Consultant at Synthesis Payment orchestration is revolutionising the payments landscape in today’s fast-paced digital economy. Businesses increasingly adopt innovative solutions to streamline their payment processes and enhance customer experiences by integrating various payment services into a unified platform. This optimizes efficiency and drives growth for a more efficient, flexible, and customer-centric
Kenya’s consumer lending market, according to TransUnion Kenya’s Q1 2024 Market Analytics Report, reflected a mix of resilience and optimism in the first quarter of this year. This growth has been driven by lenders who, equipped with deeper insights and advanced tools, have adapted to the evolving regulatory environment. As a result, they are now
TerraPay, a leading money movement company, has partnered with enza, an Africa-focused payments technology firm. The collaboration, announced Wednesday (July 10), is designed to promote financial inclusion in Africa, the companies said in a news release provided to PYMNTS. That means Enza—with offices in South Africa and Egypt—can harness TerraPay’s connectivity to more than 2.1
Thunes – a B2B payments infrastructure platform – has announced a partnership with Access Bank to improve cross-border payments in and out of 13 African countries. The collaboration will enable Access Africa to facilitate inbound and outbound cross-border payments in 13 markets: Botswana, Cameroon, the Democratic Republic of the Congo, Gambia, Ghana, Guinea, Kenya, Mozambique,
Mastercard and MTN Group Fintech have partnered to help consumers and small businesses across Africa transact through mobile payments. The companies said in a press release on Wednesday (Feb. 28) that with this partnership, Mastercard’s technology will support MTN’s FinTech platform, which has 290 million subscribers and 60 million active monthly MTN Mobile Money (MTN
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