PayRetailers Expands Further Into Africa, Boosting Financial Inclusion Across Eight Additional Key Markets

Posted on by kara | 972 Views | 9 min read
PayRetailers

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) Further Diversifies Shareholders With New Equity From Democratic Republic of Congo’s (DRC’s) Rawbank

Posted on by kara | 1514 Views | 12 min read
Africa Finance

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

American Express and Ecobank Group Sign Agreement to Expand American Express Acceptance in 21 Countries in Sub-Saharan Africa

Posted on by kara | 21537 Views | 9 min read

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,

Ecobank Group and PAPSS Partner to Enhance Cross-Border Payment Across Africa

Posted on by Staff Reporter | 29165 Views | 14 min read

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

Adeduntan: Banks, Customers Must Approach 2023 with Partnership Mindset

Posted on by Staff Reporter | 12010 Views | 101 min read

The Managing Director/Chief Executive Officer of First Bank Nigeria Limited, Dr. Adesola Adeduntan, in this interview with THISDAY reviewed the performance of the global economy in 2022 and advised businesses and their bankers to approach 2023 with a partnership mindset to ensure that a win-win outcome is achieved despite the anticipated macroeconomic challenges. Excerpts: What

Six Fintech Companies From Africa Emerge as Finalists in the Ecobank Fintech Challenge 2022

Posted on by Staff Reporter | 17385 Views | 12 min read

 The six finalists were chosen following extremely strong competition from over 700 fintechs from 59 countries. Grand Finale to be held on 28 October at the Ecobank Group Pan African Centre in Lomé, Togo. Finalists will compete for the top price of $50,000 and admission to the ‘Ecobank Fintech Challenge Fellowship’ program Ecobank Group, the

Colombia Real-Time Payment Platform Replicates Latin America Success in Africa

Posted on by Staff Reporter | 48263 Views | 20 min read

Established Colombian fintech firm Minka has announced that it plans to repeat the success of its Latin America-based real-time payments system across Africa, accelerating and easing the movement of money across the continent and improving financial inclusion. Minka is a seamless payment network that enables organisations to move money in real-time. It simplifies the movement

Visa, Bantu Collaborate to Foster Financial Inclusion in Africa, Other Economies

Posted on by Staff Reporter | 33111 Views | 15 min read

Visa, the world leader in digital payments, is collaborating with the Bantu Blockchain Foundation (Bantu), custodians of the Bantu Blockchain Network infrastructure, to connect its digital asset-linked Visa cards to the Bantu Network Token (XBN), a utility token developed by Bantu to facilitate fast and secure transactions on the Bantu blockchain. This integration is expected to directly

Collaboration Forms to Enable Real-Time Cross Border Money Transfers to CEMAC Region

Posted on by Staff Writer | 14384 Views | 8 min read

GIMAC, the regional electronic money transfer platform of Central Africa and TerraPay, the world’s first mobile payments switch have signed a strategic partnership agreement that will strengthen the remittances ecosystem in CEMAC region. The partnership will enable instant cross border money transfer to bank accounts and mobile wallets in the CEMAC zone, comprising of Cameroon,

UBA Launches One-Stop e-payment Portal

Posted on by wademinnie | 5496 Views | 14 min read

E-commerce in Africa is set to receive a boost as United Bank for Africa (UBA) Plc has introduced an online payments and collections platform tagged U-bills. The online payment platform has been enabled in all the 19 countries where UBA has operations. U-bills, is a collection and bill payments platform that allows sellers to collect