Bank One has extended a USD 5 million facility to ESATF, an African trade fund managed by the ESATAL fund management company, a TDB Group subsidiary, to support trade finance on the continent. The facility is designed to support the Fund’s growing loan book. The financing will be deployed to meet the rising demand for
Mukuru, a leading next-generation financial services platform, has once again been recognised among the world’s most influential cross-border payment companies, earning a spot on the 2025 FXC Intelligence Cross-Border Payments 100 list for the sixth consecutive year. Mukuru joins an elite group of global fintechs shaping the future of financial services, reinforcing its reputation as
EGBANK has joined forces with Mastercard to drive financial accessibility, expand digital payment adoption and introduce affluent new segments to the bank’s card portfolio. The collaboration aims to strengthen EGBANK’s strategy and reinforce its commitment to delivering a convenient, seamless and secure payment experience. Mastercard will support EGBANK in developing its portfolio of debit, credit,
Jumia, Africa’s leading e-commerce platform, has teamed up with Algerian finance provider Diar Dzair to roll out Buy Now, Pay Later (BNPL) services for customers across Algeria. This strategic collaboration is designed to make online shopping even more accessible, offering shoppers the flexibility to split their payments while encouraging greater use of digital financial services.
Ecobank Transnational Incorporated (ETI) (www.Ecobank.com), the parent company of the Ecobank Group, is pleased to announce the appointment of Ayo Adepoju, the current group chief financial officer (CFO), to the Board as Group Executive Director, effective June 4, 2025. Ayo brings two decades of broad-based leadership experience and deep institutional knowledge as a proud product
Change Logic partnered with BankservAfrica to successfully deliver a change enablement programme for one of South Africa’s most ambitious payments modernisation initiatives. Through a structured and deliberate approach to change management, BankservAfrica engaged stakeholders across the financial services industry to ensure the seamless rollout of the industry-driven PayShap, setting a new benchmark for rapid and
If you’re a fintech operating in South Africa, your business relationships with a Politically Exposed Person (PEP) could lead to a very serious misstep within your business without the proper due diligence. That’s because screening for PEPs and Prominent Influential Persons (PIPs) is an increasingly important aspect of Anti-Money Laundering (AML). South Africa’s Financial Intelligence
PAX Global Technology Launches the A33 Android PINpad – A Smarter, Sleeker Payment Experience for the Modern Retail Environment PAX Global Technology, the world’s leading provider of payment terminal solutions, has officially announced the launch of its newest Android PINpad, the A33. This next-generation device is designed to meet the evolving demands of modern businesses
Cross Switch, a global payments technology company, has found a strategic collaborator in its mission to bring faster, smarter, and more scalable payments to emerging markets. In partnership with South African fintech leader Paysoft, these two forward-thinking platforms are joining forces to swing the axe against digital transaction logjams that hamper South African businesses. Be
SmartSwitch Botswana is blazing a trail for financial inclusion with a financial technology (Fintech) solution that puts dignity and financial services into the hands of food voucher beneficiaries. Since its establishment in 2006, Smart Switch has expanded its footprint to serve more than 75,000 beneficiaries in underserved communities across Botswana. SmartSwitch Botswana, a subsidiary of
