Pan African Payment and Settlement System (PAPSS) and African Securities Exchange Association (ASEA) Forge Strategic Partnership to Revolutionize Cross-Border Payment of Stock Exchanges in Africa

Posted on by Staff Reporter | 10627 Views | 14 min read

African Export and Import Bank (Afreximbank) and the African Continental Free Trade Area (AfCFTA) Secretariat developed PAPSS, which enables instant cross-border payment in local currency The Pan African Payment and Settlement System (PAPSS) and the African Securities Exchange Association (ASEA) have signed a Memorandum of Understanding (MoU) to enhance collaboration and cooperation in promoting cross-border

Paysend Introduces 50 New Receiving Countries to its Global Payments Network

Posted on by Staff Reporter | 52533 Views | 6 min read

Paysend, the UK-based fintech with over 7 million customers, today announces that 50 new receiving countries have been introduced to its global payments network since the start of 2022. These additional payments corridors mean that Paysend customers can now send money to over 170 countries worldwide. Notable additional countries supported by Paysend include: Antigua and

Paysend Partners with Afrimoney to Enable Transfers to the Gambia and Sierra Leone

Posted on by Staff Reporter | 6656 Views | 10 min read

Paysend, the UK-based fintech with over 6.5 million customers, announces a technology partnership with Afrimoney, the mobile money service provided by Africell, to enable money transfers to West Africa, specifically The Gambia and Sierra Leone. Through the partnership, which is powered by MFS Africa, Paysend will enable users to send money across borders via Africell

FirstBank Promotes Cross Border Payments in Sub Sahara Africa with First Global Transfer

Posted on by Staff Writer | 9792 Views | 8 min read

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced the launch of First Global Transfer (FGT) to promote international transfer of funds across its subsidiaries in sub-Saharan Africa. The Bank’s subsidiaries in Africa include FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone, FBNBank Senegal. The First Global

Ecobank Wins Bank of the Year and Best Bank in Prestigious London Awards Ceremonies

Posted on by Staff Writer | 10958 Views | 6 min read

The judging panels were impressed by Ecobank’s sound management, business model and strategic initiatives as well as its pioneering technology Ecobank (www.Ecobank.com) wins “Bank of the Year” and “Best Bank” at The Banker and EMEA Finance Awards in London. Ecobank Cameroon, Gambia and Rwanda won Bank of the Year at The Banker Awards on 28th November.

SWIFT Message Traffic Grows 4.4% in Africa

Posted on by Staff Writer | 5787 Views | 9 min read

Figures released at SWIFT’s 26th African Regional Conference show much stronger growth in particular regions, including in West Africa at 29% Data released at the SWIFT African Regional Conference shows that SWIFT FIN messaging traffic in Africa has grown by 4.4% in the year-to-date. Figures are even stronger in the West African Monetary Zone, where

Vista Bank Selects Temenos to Power its Digital Transformation and Growth across Africa

Posted on by Staff Writer | 6262 Views | 18 min read

Vista Bank chooses cloud-native, cloud-agnostic Temenos Infinity and Temenos T24 Transact to provide innovative, customer-centered banking services. Vista Group, a challenger bank building itself into a world class pan-African financial institution specifically designed to meet the needs of retail and commercial customers, has partnered with Temenos, the banking software company, to power its digital transformation

MasterCard-branded Cards More Widely Accepted in The Gambia Thanks to Collaboration with Guaranty Trust Bank

Posted on by wademinnie | 2554 Views | 11 min read

MasterCard and Guaranty Trust Bank Gambia (GTBank Gambia) have announced a collaboration that will broaden the acceptance of MasterCard payment cards in The Gambia. Consumers can now use their MasterCard prepaid, credit and debit cards at GTBank Gambia ATMs and Point of Sale (POS) terminals including hotels, restaurants and retailers. “Tourists and business travelers carrying

MasterCard Enters Seven New Markets in Africa

Posted on by wademinnie | 10956 Views | 18 min read

MasterCard has announced its expansion into seven new markets across Central and West Africa, increasing its acceptance footprint across the continent and securing a number of strategic agreements. The addition of Chad, Central African Republic, Guinea-Bissau, Liberia, Sierra Leone, Rwanda and The Gambia to the MasterCard network extends the company’s presence to 48 of the