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

Posted on by Staff Reporter | 14222 Views | 17 min read

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,

Growth in Cashless Transactions Spurs New and Innovative Payment Solutions

Posted on by Staff Reporter | 42232 Views | 17 min read

Last year, exciting developments in South Africa’s payments sector were good reason to be cautiously optimistic about 2023 with new products and services setting the pace of the journey to a digital cashless future, says Andrew Springate, CEO of fintech payment solution provider PAYM8. “The South African economy is under tremendous pressure with rising interest

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

Posted on by Staff Reporter | 14812 Views | 11 min read

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

Posted on by Staff Reporter | 24217 Views | 14 min read

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

Posted on by Staff Reporter | 29102 Views | 11 min read

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

Halo Dot Achieves Visa Ready Certification for Tap to Phone SDK

Posted on by Staff Reporter | 33594 Views | 9 min read

Halo Dot – a division of Synthesis Software Technologies, announced today that it has achieved the latest Visa Certification for its products. Halo Dot is a fintech that enables instant contactless payments on any Android device. Earlier this year, Visa published new security standards for Software Development Kits (SDKs) that enable secure digital payment acceptance

DPO Launches New DPO Pay Mobile Payments App

Posted on by Staff Reporter | 45649 Views | 9 min read

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 Appoints Group Chief Operating Officer (GCOO)

Posted on by Staff Reporter | 36457 Views | 17 min read

Samuel Kirubi, has been promoted to the position of GCOO from his current role of Managing Director of Equity Bank Uganda In his seven years of duty in Uganda, he turned around the entity from No 16 to the 5th most profitable bank in Uganda and the 6th largest bank in deposits and assets He

dfcu Bank Selects CR2 for Their ATM, Card and Payments Management Platform

Posted on by Staff Reporter | 22319 Views | 17 min read

CR2, a global-leading banking software company has partnered with dfcu Bank to transform their ATM, Card and Payments Management Platform. The partnership between CR2 and dfcu will build the Bank’s technological capability and will start by enhancing the customer experience across cards, ATMs, and payments. Commenting at the launch Fintan Byrne CR2 CEO said, “We

Equity Group Reports Strong 3rd Quarter Performance

Posted on by Staff Reporter | 46933 Views | 17 min read

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