TCB Joins Stanbic, Enters Ramani’s Marketplace for SMBs

Posted on by kara | 2190 Views | 17 min read
TCB

TCB has partnered strategically with Ramani, a leading African Y Combinator-backed supply chain financing platform, to enhance financial access for small and medium-sized businesses (SMBs). Tanzania Commercial Bank joins Ramani’s Financial Marketplace as its second capital partner to provide scalable supply chain financing to micro-distribution centres (MDCs) of leading Fast-Moving Consumer Goods brands such as

Navigating the Compounding Complexity of Digital Card Issuing – Stanchion

Posted on by kara | 13589 Views | 39 min read

By: Pierre Aurel, Chief Product Officer, Stanchion Payments Solution.  Originally published here. The number of virtual cards issued worldwide is growing at an unprecedented pace. According to Juniper Research, global virtual card issuance is expected to grow at over 30% annually between 2023 and 2028, driven by relentless consumer demand for seamless, secure and convenient

IFC Teams Up With Standard Bank and Rand Merchant Bank to Boost Local Currency Financing in Africa

Posted on by kara | 9072 Views | 8 min read
IFC

IFC, a member of the World Bank Group, has partnered with Standard Bank and Rand Merchant Bank (RMB) to help expand local currency financing for private businesses across Africa. IFC will collaborate with Standard Bank and RMB on cross-currency swaps to manage currency exposure related to its local currency lending. This hedging allows IFC to

PayRetailers Expands Further Into Africa, Boosting Financial Inclusion Across Eight Additional Key Markets

Posted on by kara | 14654 Views | 9 min read
PayRetailers

Expansion includes Burkina Faso, Cameroon, Kenya, Ivory Coast, Ghana, Senegal, South Africa, Nigeria; Leveraging success in Latin America to provide underbanked populations in Africa with efficient payment functions. PayRetailers, the leading payment processor for Latin America, has today announced further expansion into Africa. With coverage now across 12 countries, the company offers a unified simple

Mastercard Advocates Financial Inclusion and Economic Growth at Tanzania Industry Forum

Posted on by kara | 4597 Views | 14 min read
Mastercard

Mastercard hosted its inaugural Tanzania Industry Forum in Dar es Salaam, bringing together key stakeholders and thought leaders in the fintech industry to explore the dynamic financial and technology landscape and foster impactful collaborations in Tanzania. The event underscored Mastercard’s commitment to advancing economic growth through innovative digital payment solutions and strategic collaborations in the

Sabipay Technologies Gets Payments Licence in Zambia

Posted on by kara | 14778 Views | 6 min read
Sabipay Technologies

Sabipay Technologies, a subsidiary of fintech Pesapal Limited, has been granted a payments system business licence by the Bank of Zambia. The fintech announced the development yesterday, stating that it signals a significant extension of Pesapal’s presence in the Zambian payments landscape. The payments system business license, according to Pesapal, is a crucial approval that

PalmPay Named Among Top 250 Fintech Companies in the World by CNBC and Statista

Posted on by kara | 7530 Views | 11 min read

PalmPay, a leading Africa-focused fintech platform, has been included in the 2024 edition of CNBC and Statista’s prestigious list of the “Top 250 Fintech Companies in the World.” This recognition underscores PalmPay’s rapid growth and significant contributions to advancing financial inclusion. The CNBC/Statista list honours fintech pioneers significantly transforming the financial services industry through technology.

Stanbic Bank Kenya and Mobikey Kenya Ink Deal to Revolutionize Vehicle Financing

Posted on by kara | 20424 Views | 9 min read

Stanbic Bank and Mobikey Kenya, a leading player in the zero-mileage vehicle distribution industry and a member of Grupo Jap have signed a Memorandum of Understanding (MOU) set to transform vehicle financing in Kenya. This landmark agreement marks Mobikey’s first local partnership and is set to make vehicle financing more accessible and affordable, particularly for

Unlimit Secures Payments Licence in Tanzania and Further Expands Presence in Africa

Posted on by Staff Reporter | 33820 Views | 7 min read

Unlimit, the global fintech company, today announced its entry into the Tanzanian market and the receival of the Bank of Tanzania (“BOT”) licence, marking another significant step in the company’s expansion within the region. The approval of Unlimit as an authorised payment service provider by the BOT will allow the fintech to provide a range

Equity Group Ranked the World’s 2nd Strongest Banking Brand

Posted on by Staff Reporter | 18748 Views | 18 min read

Equity Group, East and Central Africa’s largest financial institution, has fortified its position as one of the strongest banking brands globally by scoring highly, in the 2024 Brand Finance’s Brand Strength and Brand Value rankings. In its third consecutive appearance in the Brand Finance Banking 500 rankings, Equity climbed from 4th position in 2023 to