MFS Africa, a Digital payments network, raised $100 million in equity and debt funding led by Admaius Capital Partners in an extended Series C, bringing the round’s total to $200 million. Additional investors included new backers Vitruvian Partners and AXA IM Alts, along with existing investors AfricInvest FIVE and CommerzVentures. Dare Okoudjou, founder and CEO
Global Payments Inc., a leading worldwide provider of payment technology and software solutions, today announced definitive agreements to divest its Issuer Solutions business to FIS for $13.5 billion and acquire Worldpay from GTCR and FIS for a net purchase price of $22.7 billion, or total value of $24.25 billion including $1.55 billion of anticipated tax
UBA—United Bank for Africa Plc, Africa’s Global Bank, has unveiled its vastly improved Point of Sale (POS) terminal and the UBA MONI App to redefine the digital payment landscape and empower small and medium-scale enterprises across Africa. The upgraded platforms are part of the bank’s ongoing campaign, which has the theme Innovation for Progress: Empowering SMEs,
A market view from Norman Frankel, Chief Growth Officer following his recent market visit. Originally published here. For regular visitors to Egypt, Old Cairo rarely changes. Home to the bank’s headquarters for decades, the constant background noise of traffic, the hustle and bustle of trade, narrow streets steeped in history and culture, are in stark
Tango, an Innovative payment solution, is set to revolutionise the modern payment environment in the South African retail space, reports MoData. Darren Turnbull, CEO of MoData, says: “At major industry events we attend, such as the 2025 Absa Commercial Payments Summit and BankservAfrica Payments Conference 2025, we see a growing focus on financial inclusion and
Vulindlela Moyo, Client Director at O-CITY Digital transformation is reshaping economies across the globe, and South Africa is no exception. Payment solution providers, including automated fare collection solution providers, are spearheading the change by delivering world-class digital technologies to improve people’s daily lives. Popular apps like MyCiTi, Rea Vaya, and Uber exemplify the growing adoption of digital
Kazang, the prepaid value-added services (VAS) and card acquiring business within JSE-listed fintech Lesaka Technologies, has been named as the ‘Most Disruptive Fintech Shaping Financial Inclusion Vision’ in the cash category at the Absa Commercial Payments Summit 2025. The award recognises fintech companies revolutionising access to financial services for unbanked and underbanked populations. The goal
Mastercard is simplifying and scaling interactions among banks, platforms, and corporates alike by launching a new program to accelerate the adoption of virtual cards. This transformation is powered by the latest advances in Mastercard’s embedded Virtual Card Number (VCN) technology, which delivers seamless and consumer-like commercial payments. Mastercard has pioneered Virtual Card Number (VCN) solutions
Somalia Payment Switch (SPS1) has successfully launched the country’s first-ever Instant Payment System with QR payments support, powered by BPC’s next-generation SmartVista platform, a global leader in payment solutions2. Championed by the Central Bank of Somalia (CBS), the initiative marks a major step in modernising Somalia’s payment infrastructure, promoting financial inclusion and enhancing economic stability.
Fraudsters are getting smarter, using sophisticated AI-driven techniques to launch attacks at lightning speed. Many of these attacks risk slipping past fraud prevention tools—until now. INETCO Systems Limited, a global leader in protecting payments from fraud and cyberattacks, has been awarded a patent for its INETCO BullzAI transaction firewall, a breakthrough in real-time fraud prevention
