AFS (Arab Financial Services), the Middle East and Africa region’s leading digital payment solutions provider and fintech enabler, signed a strategic partnership with Nsano, a leading pan-African payment processor and mobile money aggregator headquartered in Accra. This collaboration aims to expand digital payment options across Sub-Saharan Africa by leveraging the combined expertise of both companies.
MoneyHash, the first and leading payment orchestration platform operating in the Middle East and Africa (MEA), has secured $5.2M in pre-A funding. The round was led by Flourish Ventures, a global fintech investor known for backing industry leaders such as Chime and FlutterWave. New investors include Saudi’s Vision Ventures, Arab Bank Venture Capital, and Emurgo
IFC, a member of the World Bank Group, has partnered with Standard Bank and Rand Merchant Bank (RMB) to help expand local currency financing for private businesses across Africa. IFC will collaborate with Standard Bank and RMB on cross-currency swaps to manage currency exposure related to its local currency lending. This hedging allows IFC to
Orange Middle East and Africa (OMEA) and Mastercard have announced a strategic partnership to expand access to mobile financial services across Sub-Saharan Africa. This collaboration, one of the largest of its kind in the region, will enable millions of Orange Money wallet holders to access digital payments through Mastercard’s global network of merchants by 2025.
TBD and African FinTech Chipper Cash partnered to facilitate B2C and B2B cross-border payments across 40 African countries. Chipper Cash has integrated with TBD’s open messaging protocol, tbDEX, to power cross-border payments and decentralized identity use cases, the companies said in a Tuesday (May 14) press release. “Across Africa, the challenges of currency liquidity and
Expansion includes Burkina Faso, Cameroon, Kenya, Ivory Coast, Ghana, Senegal, South Africa, Nigeria; Leveraging success in Latin America to provide underbanked populations in Africa with efficient payment functions. PayRetailers, the leading payment processor for Latin America, has today announced further expansion into Africa. With coverage now across 12 countries, the company offers a unified simple
Africa Finance Corporation (AFC), the continent’s foremost infrastructure solutions provider, has announced a new equity investment from Rawbank, one of the leading banking and financial institutions in the Democratic Republic of Congo (DRC). This equity infusion aligns with AFC’s strategy to mobilise African capital and diversify its capital base, reinforcing the Corporation’s mission to deliver
As the world of finance evolves into the digital age, businesses now have the luxury of choosing platforms that offer convenience and efficiency in managing their finances. Companies dealing with clients in other markets can opt for digital payment systems for cross-border transactions, which promote speed, safety and cost savings. Africa is experiencing an increase
American Express and Ecobank Group (www.Ecobank.com), the leading pan-African financial services Group, announced an agreement to significantly expand American Express Card acceptance in twenty-one countries across Africa. Through this agreement, American Express Card Members will be able to use their Cards in twelve new countries: Burundi, Central African Republic, Gabon, Guinea-Bissau, Liberia, Malawi, Mali, Niger,
Mr. Jeremy Awori, Chief Executive Officer of Ecobank Group, and Mr. Mike Ogbalu III, CEO of PAPSS signed the Memorandum of Understanding on June 19, 2023, in Accra, Ghana. Ecobank Group, the leading pan-African banking Group, and The Pan African Payment and Settlement System (PAPSS) have signed a Memorandum of Understanding (MoU) to facilitate settlement
