Lesaka Technologies: Fintech Bridging Gaps for Township Merchants

Posted on by kara | 6459 Views | 13 min read
Lesaka Technologies

Lesaka Technologies highlights that merchants in South Africa’s cash-driven township and rural economy remain underserved by mainstream financial services. This gap creates a significant opportunity for fintech companies to develop solutions addressing these merchants’ specific pain points, enabling them to serve their customers more efficiently and effectively. Lincoln Mali, CEO of Lesaka Technologies, emphasised this

Eliminating Technology Debt in Digital Payments: Why SaaS is the Future

Posted on by kara | 10547 Views | 9 min read

As digital payments evolve, financial institutions face a major challenge: balancing innovation with maintaining existing IT assets. However, as Dr. John Wamai, Director at Equity Bank, warns in his recent LinkedIn post: “The pressure and urge to ‘sweat’ and maximize IT assets often lead to outdated and inefficient systems, temporary fixes, and poor integration—ultimately misaligning

Cairo Amman Bank Taps Mastercard Move to Facilitate Cross-Border Payments

Posted on by kara | 6819 Views | 9 min read
Cairo Amman Bank

Cairo Amman Bank will leverage Mastercard Move’s money movement capabilities to facilitate the movement of funds from Jordan to 37 countries. The bank will also incorporate Mastercard value-added services like fraud analytics and risk control, the companies said in a Thursday (Jan. 16) press release. “We aim to address existing challenges in cross-border payments and

Mastercard Grows West Africa Footprint with First Ghana Office

Posted on by kara | 11847 Views | 5 min read
Mastercard

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

PayMint Fintech Gains Central Bank of Egypt Nod for Meeza Cards

Posted on by kara | 6976 Views | 16 min read
PayMint

PayMint, a leading financial technology company, has announced that it has obtained final approval from the Central Bank of Egypt to launch its first Meeza prepaid cards in partnership with Abu Dhabi Islamic Bank – Egypt (ADIB-Egypt). This milestone aligns with the bank’s continuous efforts to collaborate with FinTech companies to provide flexible solutions that

Premier Bank and Mastercard Launch Shari’Ah Compliant Payment Solutions in Kenya

Posted on by kara | 7039 Views | 9 min read
Premier Bank

Premier Bank, a leading Islamic financial institution in Kenya, has announced a collaboration with Mastercard to introduce an innovative suite of Shari’ah-compliant debit, credit, and prepaid cards. This collaboration marks a significant milestone in delivering secure financial solutions, tailored to meet the diverse needs of Kenya’s population and the wider market. This collaboration represents Premier

SMEs Reimagine Payments with Woven Finance’s Services

Posted on by kara | 5872 Views | 11 min read
SMEs

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

Verve Hits 70 Million Payment Cards in Nigeria, Consolidates Market Leadership

Posted on by kara | 8103 Views | 17 min read
Verve

Verve International, Africa’s first and largest domestic payments scheme and an emerging reference point in the burgeoning realm of domestic payment schemes globally, has again announced another remarkable new growth milestone, further consolidating its growing market share in Nigeria in terms of payment card issuance and transactions. Verve Payment Cards in Nigeria, Africa’s largest consumer

Mastercard and Amazon Payment Services to Enable Digital Payment Acceptance Across Middle East and Africa

Posted on by kara | 9476 Views | 12 min read
Mastercard and Amazon

Mastercard and Amazon Payment Services have signed a multi-year commercial partnership agreement to digitize payment acceptance in Middle East and Africa, across countries including Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, South Africa and UAE. As part of the collaboration, the leading payment service provider (PSP) will adopt Mastercard Gateway – a single touchpoint for

Kazang Pay Launches Card Acquiring Service in Zambia

Posted on by kara | 9542 Views | 11 min read
Kazang Pay

Kazang, the prepaid value-added services (VAS) and card acquiring business within JSE-listed fintech Lesaka Technologies, has launched its Kazang Pay card acceptance solution for merchants in Zambia. Kazang Pay makes it affordable for merchants to accept card payments on the same Kazang terminal they use to sell prepaid products and services. The Kazang Pay enabled