Mojaloop Foundation’s Walk the Loop Event in Tanzania Shows Path to Financial Inclusion – Desire Kachenje

In Swahili, “Mojaloop” means “one loop.” The Mojaloop Foundation strives to create one financial services loop for everyone. The Mojaloop Foundation’s open source software, Mojaloop, was designed to provide a reference model for inclusive instant payment interoperability to overcome barriers that have slowed the spread of digital financial services. Using Mojaloop, central banks, hub operators,

The enza group: A new contender enters the African payments industry

A team of highly-experienced payments industry professionals have today launched the enza group (enza), a payments company focused on servicing the growing needs of banks, fintechs, and MNOs across the African continent. The African consumer payments landscape remains dominated by cash, with global management consulting firm McKinsey[1] estimating that only 5 to 7 percent of

Cellulant Named Number One Payment Brand in Kenya

Star brands are those that have achieved milestones, have a history of success, and, most importantly, have established themselves as trendsetters for newcomers to the industry  Pan-African payments technology company, Cellulant (www.Cellulant.io/), was named as the ‘Top Payments Gateway Brand in Kenya” at the Top Star Brand Awards 2022. This award recognises Cellulant as a

African Start-Ups at the Forefront of Digital Innovations Transforming Africa’s Economy

PayBox is a fast growing African fintech start-up cross-border mobile growth engine enabling easy access to offline and online digital payment and business solutions.  African tech innovators at the recent Africa Money & Defi Summit in Accra, Ghana proved that they are at the forefront of change on the continent, from fintech to agritech. “Africa

DPO Launches New DPO Pay Mobile Payments App

A new mobile payments application will allow businesses to securely transact in multiple currencies across Africa. Leading African digital payments company DPO Group launched DPO Pay Mobile, a new version of their payments app. With several new features, DPO listened to merchant feedback to redesign and redevelop the payment app. DPO Pay Mobile app, previously called DumaPay, now offers

Equity Group Reports Strong 3rd Quarter Performance

Kshs.34.4 billion, PAT and Kshs.1.264 trillion assets 28% Profit After tax growth 31% growth in Non-funded income 27% growth in Earnings per Share 15% growth in customer deposits 21% growth in net loans Equity Group Holdings Plc today reported Kshs.34.4 billion shillings profit after tax for the nine months to 30th September 2022. The Group recorded

Fintech Emerging as Africa’s Most Vibrant Sector, Finds Mastercard Study

White paper finds that fintech companies have tied up with banks, mobile network operators (MNOs), and other stakeholders to develop wide-ranging solutions for consumers, micro and small merchants Study further found that regulators across multiple African countries have adopted a collaborative approach to enable the introduction of new solutions by fintech companies Fintech startups in

Mastercard and Cellulant Partner to Empower Millions of Consumers Across Africa to Join the Global Digital Commerce Market

Partnership will enable customers to pay globally with a Mastercard virtual payment solution linked to the Cellulant wallet, Tingg Mastercard’s technology will enable consumers to shop online with or without a bank account, through a simple and secure payment experience  Mastercard and Cellulant have partnered to allow millions of Cellulant customers across Africa to shop

Alternative Payments Giant Cellulant Achieves Data Sovereignty Using Pure Infrastructure’s VMware Cloud

To deliver a Pan-African services, companies must meet each country’s regulations relating to data residency, compliance, and data sovereignty  Cellulant (https://www.Cellulant.io), a Pan African financial technology company that provides locally relevant and alternative payment methods for global, regional and local merchants, has created a contiguous cloud experience that enables it to meet data and cloud

Finance in Africa 2022: Navigating the Financial Landscape in Turbulent Times

Banks weathered the pandemic well, showing the resilience of the sector  The European Investment Bank (EIB) (https://www.EIB.org) has completed its annual survey of banks in Africa in 2022, supported by Making Finance Work for Africa. In Finance in Africa in 2022: Navigating the financial landscape in turbulent times (https://bit.ly/3goYM2l), the seventh report in this series,