I&M Bank, UnionPay & iVeri Partner to Increase UnionPay Card Online Payment Acceptance in East Africa

Posted on by Staff Writer | 7717 Views | 7 min read

UnionPay International and East African financial services firm I&M Bank have announced on 31st of October, the partnership, that provide online access to UnionPay cardholders across Kenya, Tanzania and Rwanda. This new service has been facilitated by iVeri Payment Technologies direct integration to UnionPay Online Payment (UPOP). iVeri will also now make this integration available

Rwanda Seeks to Jumpstart Ecommerce in Africa

Posted on by Staff Writer | 5472 Views | 11 min read

Internet users in emerging markets outnumber those in developed markets by a ratio of 2:1. Yet many emerging markets have struggled to access the benefits of digital commerce. The global market in digital commerce is estimated to reach more than $3 trillion this year, yet Africa claims less than $20 billion in ecommerce revenue. Rwanda

MTN Rwanda Opens Mobile Money Remittance Corridor to Tanzania

Posted on by Staff Writer | 7216 Views | 8 min read

Users of MTN Rwanda will now be able to send money to Tanzania via Mobile Money as the telco has opened the mobile-to-mobile remittance service between Rwanda and Tanzania. MTN Mobile Money users in Rwanda are now able to send money to Airtel Tanzania subscribers seamlessly and affordably through the MFS Africa Hub. The Hub

BankservAfrica Hosts National Payments Workshop at SWIFT Arc 2018

Posted on by Staff Writer | 4479 Views | 11 min read

BankservAfrica will host a National Payments Systems (NPS) workshop on Thursday, 21 June at the SWIFT African Regional Conference (SWIFT ARC) in Kigali, Rwanda to discuss the region’s progress over the last 12 months for developing a payments system of the future. “At last year’s conference in the Ivory Coast, BankservAfrica started the conversation on

Fintech Providers are Enabling Financial Institutions in Rwanda to Accelerate their Digital Transformation

Posted on by Staff Writer | 3816 Views | 12 min read

Speakers at the International Conference on Responsible and Inclusive Finance (ICRIF) held in Kigali on 21 March urged Rwandan microfinance institutions (MFIs) to embrace new-age technology to streamline their operations and to enhance their ability to extend financial inclusion among the country’s unbanked and underbanked population. Straton Habyalimana, senior programme manager for responsible financing at

Mastercard and M-KOPA Unveil Payment Technology to Extend pay-as-you-go Solar Program in Africa

Posted on by Staff Writer | 6247 Views | 12 min read

Mastercard and M-KOPA have entered into a partnership that will provide Africans living without electricity a simple way to light up their homes and businesses. M-KOPA, which already provides affordable, safe and clean energy to 3 million people in East Africa, will pilot Mastercard’s Quick Response (QR) payment technology in Uganda to extend the reach

TransUnion Launches Mobile Credit Reporting Platform in Rwanda

Posted on by Staff Writer | 4559 Views | 13 min read

TransUnion Africa, a provider of global information solutions for assessing and managing risk, has launched Menyesha, a mobile credit reporting platform, to specifically cater to the Rwandan market. Menyesha, literally “Inform Me” in Kinyarwanda, represents a leap forward in the way this historically underserved – but rapidly digitising – population can interact with lenders and

SWIFT’s Messaging Traffic Grows by 20.1% in East Africa

Posted on by Staff Writer | 5081 Views | 8 min read

Data from SWIFT shows that FIN traffic growth in East Africa has outperformed the total growth of SWIFT globally. In the year to date, total message traffic volumes grew by 20.1% versus 8.2% growth for SWIFT worldwide. This clearly illustrates the increasingly important role that East Africa plays in SWIFT’s global business. Data also shows

Government Of Rwanda Dedicated To Promote Its Move To A Cashless Economy

Posted on by Staff Writer | 2929 Views | 15 min read

The Government of Rwanda and Mastercard have reaffirmed their shared commitment to the development of strong digital platforms to meet the needs of the country’s citizens and work towards Rwanda’s goal of promoting a cashless society. According to FinScope 2016, 68 percent of adults in Rwanda have/use formal financial products/ services. The partnership agreement signed

Government Of Rwanda Dedicated To Promote Its Move To A Cashless Economy

Posted on by Staff Writer | 3024 Views | 15 min read

The Government of Rwanda and Mastercard have reaffirmed their shared commitment to the development of strong digital platforms to meet the needs of the country’s citizens and work towards Rwanda’s goal of promoting a cashless society. According to FinScope 2016, 68 percent of adults in Rwanda have/use formal financial products/ services. The partnership agreement signed