Safaricom Enhances Cross-Border Money Transfers in Ethiopia with M-PESA Global

Posted on by kara | 9930 Views | 7 min read
Safaricom

Safaricom has expanded M-PESA Kenya’s International Money Transfer (IMT) service to Ethiopia, enabling customers to send money from Kenya to Ethiopia via M-PESA Global. Through this expansion, the two companies aim to increase mobile money use and penetration across Ethiopia, boosting local economies and creating opportunities for individuals and businesses across the region. Safaricom Kenya’s

Mukuru Introduces Mobile Wallet in Malawi to Elevate International Transfer Efficiency and Financial Access

Posted on by kara | 7941 Views | 14 min read
Mukuru

Mukuru, a leading financial services platform providing world-class fintech technology to customers globally, has announced the launch of its new mobile wallet launch in Malawi: the Mukuru Wallet. This move aligns with the business’s unwavering commitment to Malawi and responds to the growing demand for a digital store of value among cash-dependent citizens who have

Ecentric Drives Innovation in in Person Payments, Targeting Retail Growth With Data-Driven Solutions

Posted on by kara | 9482 Views | 14 min read
Ecentric

Ecentric, a leading omnichannel payments provider, has announced significant enhancements to its In Person Payments platform to improve performance and reliability, meet customer requirements around reporting and analytics, and drive growth as the company extends its offering to Tier 2 retailers in the local market. “Ecentric is committed to continuously innovating the In Person Payments

Kenya’s Lending Landscape Sees Surge in Mobile Loans as Overdrafts and Asset Finance Tightens – TransUnion

Posted on by kara | 6910 Views | 17 min read
Kenya's

Kenya’s consumer lending market, according to TransUnion Kenya’s Q1 2024 Market Analytics Report, reflected a mix of resilience and optimism in the first quarter of this year. This growth has been driven by lenders who, equipped with deeper insights and advanced tools, have adapted to the evolving regulatory environment. As a result, they are now

Mastercard and MTN Group Partner on Mobile Payments in Africa

Posted on by kara | 5797 Views | 8 min read
Mastercard

Mastercard and MTN Group Fintech have partnered to help consumers and small businesses across Africa transact through mobile payments. The companies said in a press release on Wednesday (Feb. 28) that with this partnership, Mastercard’s technology will support MTN’s FinTech platform, which has 290 million subscribers and 60 million active monthly MTN Mobile Money (MTN

Fintech SA: The Rise of Innovation Beyond Payments to Transform Access and Opportunities for Startups

Posted on by kara | 7112 Views | 14 min read
Fintech SA

Fintech SA has revolutionised the landscape for startups and small businesses that, two decades ago, had limited options for processing transactions, with cash being the only option for many. Startups by their very nature also lacked credit histories, making it difficult to apply for finance and leaving them vulnerable to unaffordable loans when seeking financial

KaiOS Technologies’ Affordable Smart-Feature Phones Will Leverage Mastercard’s Payment Technology, Boosting Digital Economy Growth

Posted on by kara | 8122 Views | 15 min read
Kaios Technologies

KaiOS Technologies, a leading operating system that brings the best of the internet to affordable devices, today announced a collaboration with Mastercard to integrate various digital payment solutions. Beginning in Cote d’Ivoire and Nigeria, Mastercard, and KaiOS Technologies will deliver affordable payment acceptance devices and stimulate the growth of a more inclusive, connected global economy.

PalmPay Rolls Out USSD Service to Empower Users with Enhanced Financial Access and Account Security

Posted on by kara | 8086 Views | 6 min read
PalmPay

PalmPay, a leading financial platform with over 30 million users in Nigeria, has launched its USSD code service. This new feature allows Nigerians to manage their finances without needing internet access. By dialing *861# from their mobile phones, customers can now carry out a wide range of banking transactions. PalmPay, operating in Nigeria since 2019

Interswitch Partners With Elie Technologies for Contactless Payments

Posted on by kara | 7088 Views | 6 min read
Interswitch

Interswitch East Africa (Kenya) Limited has partnered with Elie Technologies to unveil a contactless payment solution for merchants and customers in Kenya. The solution, dubbed Tumatap, will enable Micro, Small, and Medium Enterprises (MSMEs) to accept contactless payments on smartphones, thus transforming the devices into point-of-sale (POS) systems without the need for additional hardware. The

RTP: Getting Ready for the Next Step for PayShap – Electrum

Posted on by kara | 5923 Views | 17 min read
RTP

RTP is scheduled to be implemented into PayShap later this year. Participating banks need to understand how this functionality benefits both them and their customers and prepare for this new phase. RTP, What is it? Not to be confused with Real-Time Payments, Request-to-Pay (RTP) is a secure message sent from the payee (creditor) to the