African Markets Build Resilience in a Challenging Environment

Absa Africa Financial Markets Index shows improving market infrastructure in majority of countries in the region African countries have responded positively to the need to develop domestic financial markets to protect economies from external shocks, OMFIF’s 2022 Absa Africa Financial Markets Index reveals. Even as challenging market conditions weighed on performance in the index, 19

Colombia Real-Time Payment Platform Replicates Latin America Success in Africa

Established Colombian fintech firm Minka has announced that it plans to repeat the success of its Latin America-based real-time payments system across Africa, accelerating and easing the movement of money across the continent and improving financial inclusion. Minka is a seamless payment network that enables organisations to move money in real-time. It simplifies the movement

AccèsBanque Madagascar Launched the First UnionPay Card in Madagascar

AccèsBanque Madagascar in partnership with UnionPay International launched the first UnionPay. The UnionPay debit cards are accepted by automated teller machines and point of sale terminals in all UnionPay International networks. This launch event is attended by UnionPay representative, government officials, and ambassadors, giving a new image of banking industry in Madagascar. This announcement has

MFS Africa and WorldRemit Partner to Expand Mobile-to-mobile Remittances in Africa

Leading digital money transfer service WorldRemit continues its rapid expansion in Africa, launching new international mobile money services through a partnership with pan-African fintech MFS Africa. This launch brings WorldRemit’s mobile money service to 5 new countries via Airtel in Malawi and Niger, Orange in Madagascar, Vodacom in Mozambique, and MTN in Guinea. WorldRemit’s mobile-first,

Airtel Africa, BGFI Partner to Expand Money Transfer Service in Africa

Airtel Africa has entered into a partnership with BGFIBank, a financial services institution present in 10 countries, to expand mobile money access to the bank’s customers. The partnership will see Airtel Money become accessible to BGFIBank customers in Gabon, Republic of Congo, Democratic Republic of Congo and Madagascar. Through the agreement, Airtel Money customers that