75% of consumers in Morocco have used at least one emerging payment method in the last year, with usage expected to increase further Adoption of biometrics, Buy Now Pay Later (BNPL), open banking and account-to-account payments are anticipated to continue accelerating Gen Z and Millennials are leveraging more digital payment methods and are more open
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
Paysend, the UK-based FinTech with over 7 million customers, today announces a partnership with Damane Cash, a payments institution and subsidiary of Bank of Africa, to enable money transfers to Morocco. With features such as low fixed fees, upfront exchange rates, faster transfer speeds and the ability to make instant, digital end-to-end international payments, this
Partnership will enable OPay customers to pay on global online platforms backed by Mastercard’s secure Mastercard virtual payment solution linked to the OPay wallet OPay consumers will enjoy a superior digital experience for multiple lifestyle services and new digital commerce opportunities for, with or without a bank account In addition to digital commerce enablement, the
The partnership will ensure that financial institutions have the capacities to launch new digital and innovative financial solutions that they can provide to their customers. Skaleet (www.Skaleet.com), an international fintech providing a next-generation Core Banking Platform (CBP), has partnered today with Mobiblanc, an Agile Digital Services Entreprise (ESN), to offer turnkey solutions to financial institutions
Morocco-based Al Mada Holding Group has launched a $109.8 million pan-African venture capital fund to invest in fast-growing startups. The new VC fund aims to develop promising technology-oriented startups in fintech, healthtech, logistics, edtech, and renewable energy. In addition to providing direct funding, the Al Mada venture fund will equally offer startups access to the
Completion of IPRC acquisition HPS Group has announced the completion of the acquisition of IPRC, announced on July 9th. Following the lifting of the last suspensive conditions related to administrative authorizations as dictated by the regulations in force, HPS and IPRC proceeded on January 7th , 2021 to the signing of the reiterative deed of sale
To provide easy, fast and more convenient digital financial services to millions of Moroccans inwi, Moroccan telecom operator known for its digital innovations, has recently launched its mobile money service “inwimoney”. The service works on Comviva’s mobiquity® Money, one of the world’s largest mobile money platform. The service offers consumers a quick, convenient and secure way
The EBRD is continuing its drive to increase the efficiency of Morocco’s small and medium sized enterprises by raising the competitiveness of Societe Maghrebine de Monetique S.A (S2M), a Moroccan firm that develops e-payments systems and is listed on the Morocco stock exchange. Under the Bank’s Blue Ribbon programme, a €2 million loan will further
Powered by Kony DBX, CFG Bank’s Digital Banking App Provides a Unique Digital Experience to Meet Customers’ Modern Banking Needs Kony, Inc., a leading provider of digital banking solutions, and CFG Bank, an innovator in retail commercial banking in Morocco, has announced their collaboration on CFG Bank’s digital banking application. With customers expecting a simple
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