Mastercard and Circle are deepening their longstanding partnership to enable USDC and EURC settlement for acquirers across Eastern Europe, the Middle East, and Africa (EEMEA). As stablecoins continue to address real-world challenges and improve efficiencies across a range of use cases, this collaboration highlights their shared commitment to advancing digital settlement in the region. This
HoneyCoin, a transformative global payment orchestration platform, announced a $4.9 million funding round led by the global venture firm Flourish Ventures. Flourish is joined by a dynamic mix of regional and global investors: Visa Ventures, TLcom Capital, Stellar Development Foundation, Lava, Musha Ventures, 4DX Ventures, and Antler. The new capital will accelerate the scale of
Safaricom has announced a groundbreaking collaboration with PayPal that aims to empower more than 35 million M-PESA customers and two million businesses and micro traders in Kenya with seamless access to PayPal’s global payments network. The partnership opens new opportunities for individuals and enterprises to transact beyond borders, connecting Kenya’s thriving digital economy with the
Western Union, Zoona Transactions Zambia Limited, and Chipper Cash today jointly announced the launch of international money transfer services through the Chipper Cash app. This new, co-branded service empowers customers in Zambia to send and receive money across borders with greater ease, flexibility, and security, meeting the growing demand for digital-first financial solutions. Zoona, a
OpenWay, a global leader in payments software and developer of the Way4 digital payment software platform, has been recognized as a Best-in-Class vendor in the 2025 Merchant Acquiring Software Platforms Matrix by Datos Insights. The ranking places OpenWay in the Market Leaders quadrant, based on the strength of its solution capabilities, high customer satisfaction, innovation
Blu Penguin, a Ghana-based fintech and mobile money aggregator, has joined forces with Network International, a leading enabler of digital commerce across the Middle East and Africa, to bring mobile money capabilities to merchants across Ghana. This strategic collaboration integrates Blu Penguin’s mobile payment technology with Network’s N-Genius™ point-of-sale (POS) terminals, marking a significant step
MDP and BPC SmartVista collaboration continues to strengthen the company’s position as a payments leader across the Middle East and Africa. MDP, a long-standing leader in Africa’s card issuing and payment processing landscape, has significantly expanded its footprint across the Middle East and Africa (MEA) through its strategic partnership with global payments technology provider, BPC.
PAPSS (Pan-African Payment and Settlement System), building on the successful rollout of its groundbreaking continental payment infrastructure, in strategic collaboration with Interstellar, a leading African deep-tech company, has announced the launch of the PAPSS African Currency Marketplace (PACM). The launch was announced on the sidelines of the 2025 Afreximbank Annual Meeting (AAM2025) held in Abuja
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
USTDA Supports Zenith Bank’s Transition to Microsoft’s Azure Cloud Platform The U.S. Trade and Development Agency announced that it has awarded a training grant to Zenith Bank Plc (Zenith) to support institutional skill set transformation as it adopts the Azure hyperscale cloud platform from Washington-based Microsoft Corporation (Microsoft). Zenith’s switch to this technology will increase
