Network International Appointed as Payment Processing Partner by MTN Group Fintech

Posted on by kara | 21877 Views | 7 min read
Network International

Network International, a leading enabler of digital commerce across the Middle East and Africa (MEA), has been appointed as a Payment Processor and issuing partner for MTN Group Fintech, Africa’s leading mobile financial services provider. This partnership marks a significant extension of Network’s portfolio of issuer processing collaborations throughout the African continent. With a footprint

IFC and Attijariwafa Bank Egypt Partner to Support SMEs, Climate Finance

Posted on by kara | 6264 Views | 10 min read
IFC

IFC and AWB Egypt (Attijariwafa Bank) announced a partnership to bolster the Bank’s capital position and help it deliver on its strategy to support small and medium-sized enterprises and the growth of climate finance in Egypt. This capital infusion will enhance AWB Egypt’s capacity to expand its lending activities. IFC’s $20 million Tier 2 qualifying

Affinity Africa Raises $8 Million Seed Funding

Posted on by kara | 9217 Views | 4 min read

Affinity Africa secured $8 million in seed funding, with The London and Cambridge Technology team advising Backed VC on its lead investment. Other investors include Grazia Equity, Enza Capital, Launch Africa, Renew Capital, Finca International, Attijariwafa Ventures, ImpactAssets, and Eldon Capital. Affinity Africa is a Ghanaian fintech that provides banking products to the underserved and

Flutterwave Secures Payment System License in Zambia

Posted on by kara | 9996 Views | 6 min read
Flutterwave

Flutterwave, a Nigeria-based payments technology company, has obtained a Payment System License from the Bank of Zambia, allowing it to provide mobile money services. This license enables the company to facilitate local and international business transactions while supporting financial inclusion and economic activity. Zambia’s digital payments sector is growing, with mobile money contributing to nearly

African Development Bank & Standard Bank Support SMMEs

Posted on by kara | 5669 Views | 10 min read
African Development Bank

African Development Bank Group and Standard Bank Group signed a landmark financial agreement to enhance funding for small, medium, and micro enterprises (SMMEs) and expand trade across Africa. The agreement includes a R3.6 billion investment in a social bond and a $200 million Risk Participation Agreement (RPA) for Standard Bank of South Africa Limited (SBSA).

Stanchion Charts Ethiopia’s Digital Payments Growth Opportunities

Posted on by kara | 9606 Views | 18 min read
Stanchion

Originally published here. Stanchion Payment Solutions, a leading global PayTech solutions provider, identified significant opportunities for development and growth in Ethiopia’s fast-evolving payments landscape during a recent follow-up market visit to the country led by Chief Growth Officer Norman Frankel. The visit highlighted Ethiopia’s ambitious digitalisation agenda amidst significant economic reforms, including currency devaluation and

Stitch Partners With Standard Bank’s Shyft to Enable Instant Wallet Top-Ups

Posted on by kara | 6492 Views | 12 min read
Stitch

Stitch has partnered with the Shyft team to offer instant top-ups on the Shyft wallet, providing customers from any bank with more immediate access to funds for global transactions. Payments infrastructure company Stitch has partnered with Standard Bank’s Shyft, the global money app, to enable instant top-ups on the Shyft wallet for customers from any

GTBank Removes POS Processing Fees to Support Businesses

Posted on by kara | 6551 Views | 4 min read
GTBank

GTBank (Guaranty Trust Bank Ltd) has announced the removal of processing fees on all GTBank POS terminals, reinforcing its commitment to supporting businesses with cost-effective payment solutions. This initiative, which took effect Tuesday, 11 February 2025, communicates that merchants using GTBank POS terminals will no longer incur Merchant Service Charges (MSC) when receiving customer payments.

Kazang & TymeBank Partner for Easy Cash Withdrawals

Posted on by kara | 4415 Views | 10 min read
Kazang

Kazang, the prepaid value-added services (VAS) and card acquiring business within Nasdaq and JSE-listed fintech Lesaka Technologies, has partnered with TymeBank, the first digital bank to reach profitability in Africa, to make cash withdrawals more accessible to consumers in townships, rural areas and other underserved areas. TymeBank customers can use their cards to withdraw cash

Raenest Secures $11M Series a Investment in Qed-Led Funding Round

Posted on by kara | 11715 Views | 18 min read
Raenest

Raenest, the global multi-currency accounts platform for individuals and businesses across Africa, today announced the completion of its $11M Series A funding. The round was led by QED Investors, with participation from Norrsken22. Follow-on investment came from Ventures Platform, P1 Ventures, and Seedstars. This equity-based capital injection brings Raenest’s total venture funding to $14.3M. With