KCB Bank, the largest financial institution in East Africa, has partnered with Compass Plus Technologies to strengthen its multi-currency offering by launching Kenya’s first platinum multi-currency prepaid card. This card will empower its customers with the flexibility and convenience to pay for goods and access funds across borders. The card allows users to load and
RealPay has strengthened its African footprint through expanded partnerships with leading financial institutions. These collaborations leverage innovative technology to promote financial inclusion and drive seamless payment processes across multiple countries. For more information about RealPay, click here. Founded in 2003, RealPay has pioneered time-sensitive payment solutions throughout the continent, helping businesses of all sizes—from small
Network International, a leading enabler of digital commerce across the Middle East and Africa (MEA), has been appointed as a Payment Processor and issuing partner for MTN Group Fintech, Africa’s leading mobile financial services provider. This partnership marks a significant extension of Network’s portfolio of issuer processing collaborations throughout the African continent. With a footprint
Stanchion Payment Solutions, a leading global PayTech solutions provider, identified significant opportunities for development and growth in Ethiopia’s fast-evolving payments landscape during a recent follow-up market visit to the country led by Chief Growth Officer Norman Frankel. The visit highlighted Ethiopia’s ambitious digitalisation agenda amidst significant economic reforms, including currency devaluation and the opening of
Raenest, the global multi-currency accounts platform for individuals and businesses across Africa, today announced the completion of its $11M Series A funding. The round was led by QED Investors, with participation from Norrsken22. Follow-on investment came from Ventures Platform, P1 Ventures, and Seedstars. This equity-based capital injection brings Raenest’s total venture funding to $14.3M. With
SMEs (small and medium enterprises) in Kenya are actively adopting digital payments, leveraging technological advancements, and forming strategic collaborations to enhance growth and resilience, as highlighted in the third edition of the Mastercard SME Confidence Index. With 91% of SMEs in Kenya adopting digital payments, businesses are enhancing efficiency, improving customer experiences, and strengthening financial
Norman Frankel, Chief Growth Officer, Stanchion Payments Solutions Ethiopia’s capital, Addis Ababa, is home to over 5.7 million people and buzzes with vibrant energy. The government is also driving its digitalisation programme forward as part of its 2025 and 2030 digitalisation plans. With a population of at least 132 million, Ethiopia is the 10th most
Bank of South Sudan (BOSS) is proud to announce a groundbreaking initiative to launch the country’s first National Instant Payment System (NIPS) in collaboration with the AfricaNenda Foundation. This transformative project marks a pivotal milestone in modernising South Sudan’s financial and payment infrastructure, advancing the bank’s commitment to providing enhanced financial services for all citizens.
Flutterwave, Africa’s leading fintech company, has unveiled its 2024 end-of-year report detailing significant achievements in global expansion, technological innovation, and customer success. The report underscores the company’s growing influence in the global fintech landscape, cementing its position as a key player in the payments technology sector. Founded in 2016, Flutterwave has become a powerhouse in African enterprise
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.
Receive Regular news of the latest in payments straight to your inbox.
