Oromia Bank selects CR2’s BankWorld to Advance their Digital Banking Transformation Strategy in Ethiopia

The official contract signing ceremony took place in The Sheraton Addis, with key company executives present to witness this landmark occasion. CR2’s digital banking platform – BankWorld – will enable Oromia Bank to enhance and improve their customer’s retail and corporate digital banking and payments experience and position Oromia Bank as one of the leading

KongaPay at House of Lords, London, signs historic partnership with Bibimoney

KongaPay, a frontline mobile money platform and a member of the Konga Group, Nigeria’s leading composite e-commerce giant, has signed a landmark deal with Bibimoney, a UK-based industry leader to expand access to financial inclusion for many in Nigeria, while also raising standards in the Fintech ecosystem in Nigeria and beyond. The iconic partnership was

TCIB launches Collaborator Forum

As part of BankservAfrica’s efforts to get closer to the market for TCIB (Transactions Cleared on an Immediate Basis), a Collaborator Forum was launched on 9 May. This virtual meeting point enables key role-players and stakeholders to join forces with the TCIB team to ensure the success of cross-border payments in the SADC (Southern African

Alphacode Awards R2,5m and Support to Pandemic-founded Tech Startups

SA’s finest tech startups which were founded during the pandemic went head to head at a virtual demo day yesterday where they had just 10 minutes each to convince a panel of judges that they should remain part of the next phase of the AlphaCode Incubate programme. Fiver of the eight startups which just completed

Fintech Startup Grey Partners with Payments Company Cellulant for East Africa Expansion

Grey, a Y-combinator backed fintech startup, offers a unique international money transfer service that enables its users to send and receive international payments without restrictions quickly Grey has announced the launch of its service to East Africa starting with Kenya in partnership with Cellulant (www.Cellulant.io). Its products, including foreign bank accounts, instant currency exchange, and

With a Smile or a Wave, Paying in Store Just Got Personal

Mastercard unleashes new era of biometric payments to enhance the check-out experience No more fumbling for your phone or hunting for your wallet when you have your hands full – the next generation of in-person payments will only need a quick smile or wave of your hand. The trusted technology that uses your face or

EBA CLEARING, SWIFT and The Clearing House to Deliver Pilot Service for Immediate Cross-Border Payments

Taking the next step towards faster cross-border payments, banks from both sides of the Atlantic are preparing to exchange payments across TCH’s and EBA CLEARING’s real-time payment systems. SWIFT and The Clearing House (TCH) has announced that they plan to launch a pilot service for immediate cross-border (IXB) payments with the support of banks from

RBR and Aite-Novarica Group Join Forces

Merger creates the preeminent global research and advisory firm focused on the financial services and retail technology sectors RBR, the leading provider of strategic research and data on banking automation, cards, payments, and retail technology, and Aite-Novarica Group (ANG), an advisory firm providing mission-critical insights on technology, regulations, markets, and operations to banks, payments providers,

Mastercard and PesaLink sign MoU to Drive Digital Transformation of the Payments Sector in Kenya

Under the MoU, PesaLink will leverage Mastercard’s technology, expertise, partnerships, and cyber intelligence solutions to enhance its digital payments capabilities Integrated Payment Services Limited (IPSL) that runs the PesaLink payments ecosystem has signed a Memorandum of Understanding (MoU) with Mastercard to create innovative, digital-first payment solutions designed to boost the adoption and usage of digital

The Central Bank of Kenya Welcomes the Launch of Mobile Money Merchant Interoperability

The Central Bank of Kenya (CBK) welcomes the launch, of mobile money merchant interoperability by three mobile money providers (networks); Airtel Networks Kenya Limited, Safaricom PLC, and Telkom Kenya Limited. This is an important step in the evolution of Kenya’s payment services, as it allows customers of these mobile money providers to make payments to