Author: Norman Frankel, Chief Growth Officer, Stanchion Payments Solutions. Originally published here. I had the pleasure of growing up in Kenya in the 1970s, so every time I return, it always feels special. Of course, the city of Nairobi has changed a lot, and when I send photos back to the office, some in the
Visa, a world leader in digital payments, and Emirates NBD Pay, a digital payment platform provided by Emirates NBD P.J.S.C., a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, have partnered to launch Cybersource, a Visa Acceptance Solutions offering. Cybersource will be incorporated into the Emirates NBD Pay platform, providing
Reserve Bank has instructed the banking sector to cease executing so-called low-value transactions within the Common Monetary Area (CMA) through “inappropriate” systems by March 2027 as part of measures to rein in potential money laundering. The directive issued by the Bank last week to the banking industry is geared towards efforts to remove SA from
Djamo, a financial services app based in Ivory Coast, has raised US$17 million in an equity funding round to expand its banking services for consumers and SMEs in Francophone Africa. Regis Bamba and Hassan Bourgi launched Djamo in 2021. It is designed to provide mobile-first, affordable banking solutions for consumers and small businesses in the
TechCentral and NTT DATA recently hosted an executive roundtable with senior financial services leaders to explore how emerging technologies reshape Africa’s payments landscape and the opportunities and challenges in building a more inclusive, efficient financial ecosystem. This is what transpired. Africa’s financial sector stands at a critical juncture. With rising mobile penetration, the rapid adoption
Peach Payments, a digital payments gateway, has agreed to acquire West-African payment platform PayDunya. In the process, it will enter mainland Francophone Africa for the first time, following its expansion to Eswatini (2024), Mauritius (2021), and Kenya (2018). Peach Payments is an enterprise-grade payments gateway that enables online payments in Africa for businesses of all
Visa, a global leader in digital payments, has announced strategic investments and commercial partnerships with two fintechs following their 12-week engagement through the Visa Africa Fintech Accelerator program, which enables start-ups to scale through training, mentorship, and networking opportunities. Visa’s investments include Konnect, a fintech based in Tunisia which enables seamless, accessible, and instant payments
PayPal, a global digital payments and commerce platform, today announced a strategic partnership with TerraPay, a leading global money movement company, to enable real-time fund transfers for PayPal customers across the Middle East and Africa. This partnership aims to drive economic growth by connecting banks, mobile wallets, and financial institutions to make cross-border transactions faster,
Flutterwave, a Nigeria-based payments technology company, has expanded its presence in Ghana by integrating the Pay With Bank Transfer option in collaboration with Affinity Bank. Ghana recorded over 115 million bank transfer payments in 2023. While Mobile Money remains the dominant payment method for daily transactions, the increasing adoption of bank transfers highlights the growing
Ecobank Group, the leading private pan-African financial services group with unrivalled African expertise, is proud to have been named the Best Trade Finance Provider Bank in Africa at the Global Finance Trade Finance & Supply Chain Finance Awards 2025. Additionally, our affiliates in Burkina Faso, Côte d’Ivoire, and Rwanda have been recognised as the Best
