Visa has launched the Visa Accelerator Program, a three-month initiative to help African startups grow and create new solutions in the financial sector. The program is open to startups at the seed to Series A stage that has market-ready products tackling key challenges in payments and fintech. To qualify, startups need to have a minimum
Arrabet, a major player in digital transformation in Morocco, has partnered with Skaleet, a leader in next-generation core banking solutions in Europe and Africa, to launch a new neo-banking offering dedicated to the African market. Arrabet announced the deal in a press release Wednesday. This partnership aims to transform access to digital financial services and
Absa Bank CIB has secured a US$150mn facility from the UK’s British International Investment (BII) to fund sustainable trade in Africa. According to a joint press release, the financing will support transactions, including those benefiting women—and youth-led SMEs. The press release says the partnership is “making strides in advancing the efforts of the African Continental
IFC today announced a risk sharing facility for Equity Bank of Kenya that is the first globally to be dedicated to financial inclusion for refugees and their host communities. The $20 million facility will boost financial inclusion for individuals and small businesses in Kenya’s most underserved regions, including the Turkana and Garissa refugee hosting areas,
Originally published here. Stanchion, a global Payment Technology company and a pioneer of Payment Fabric, announced today that it has joined the PCI Security Standards Council (PCI SSC) as a new Associate Participating Organisation. Stanchion will work with the PCI SSC to help secure payment data worldwide through the ongoing development and adoption of the
The South African fintech start-up, Omnisient, has received a $7.5 million investment from Arise, advancing financial inclusion in Africa. Founded in December 2019, Omnisient is a privacy-preserving data collaboration and insights platform that allows the owners and users of consumer data to collaborate to extract commercial insights without compromising consumer privacy. The technology provides a
Paymentology. the leading global issuer-processor, today announces its connection to Mastercard leveraging Mastercard’s Cloud Edge, further advancing its comprehensive cloud-first strategy to deliver next-generation payment solutions across the globe. The new certification aligns seamlessly with Paymentology’s cloud-first approach. Mastercard’s Cloud Edge allows customers to connect to Mastercard from cloud providers of their choice and supports
Equity Bank (Kenya) Limited, a subsidiary of Equity Group Holdings Plc, is one of the leading banks in Kenya. Equity Group Holdings Plc. is a Pan-African financial services holding company listed on the Nairobi Securities Exchange and cross-listed on Uganda Securities Exchange and Rwanda Stock Exchange. The Group has other banking subsidiaries in DRC, Rwanda,
dLocal, a Uruguayan cross-border payment platform, has forged a partnership with iTransfer, a money remittance company. Their collaboration aims to address the complexities of cross-border payments in emerging markets, with a focus on mitigating currency risks and enhancing transfer efficiency. The partnership’s primary objectives include offering competitive rates, providing real-time currency updates, and increasing flexibility
Klasha, a prominent global cross-border payments company, has released a comprehensive whitepaper exploring the future of payments between Africa and China. The report, titled “Unlocking opportunities: The future of cross-border payments between Africa and China,” delves into key trends, emerging opportunities, and innovative solutions shaping this dynamic sector. China’s role as a major trading partner
