FMBcapital Holdings Plc (FMBCH) announced further positive performance in the first half of the 2022 financial year, with a very strong growth in profit after tax (93% growth to US$25.2m on 2021 first half). The interim period of 2022 followed through strongly on concerted efforts from 2021, and saw the Group’s banking operations in Botswana,
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
Cape Town-based fintech Mama Money is growing fast as it expands globally. This year, its cross-border money transfer volumes have more than doubled compared to the previous quarter with the company aiming to double its market share by developing new services as it enters new regions. From 2018 to 2021, the company’s volume increased by
Partnership between United Bank for Africa and Cellulant extends payments services for merchants and consumers across the African continent Africa’s global bank, United Bank for Africa (UBA) Plc, and leading Pan-African Payments Company Cellulant (Cellulant.io) have announced a partnership that will extend payment services for merchants and consumers across 19 key African countries in which
Cellulant, Africa’s leading financial technology company has announced the launch of Tingg, an all-in-one, multi-functional consumer super app that will include a wide array of payment, commerce and financial services into a single platform that will revolutionize the way customers interact with digital payment services in the continent. Tingg is Cellulant’s solution to the fragmentation
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,
The Shoprite cross-border money remittance product reached the R1 billion mark in January, after just three years of it being implemented between SA and Lesotho. The cost of a transfer of R900 is 2%, which is one of the cheapest cross-border products in the world. A remittance is when a person sends money, usually small
BP and Masana Petroleum Solutions are set to revolutionise commercial fuel payment and management for their customers, with the launch of a new solution BP FleetMove built on the advanced Payment24 platform. Payment24, advanced international fuel payment system, is the backbone of two new flagship fuel payment and fuel management offerings for BP and Masana
mHITs (pronounced Em-HITS), the leading Australian FinTech mobile remittance pioneer, has announced its Australian mobile remittance service Rocket Remit has launched money transfer services from Australia to three new African countries: Cameroon, The DRC and Mozambique. Rocket Remit specialises in international money transfer via mobile money offering the world’s fastest and simplest method for sending
TerraPay, the world’s first mobile payments switch, announced today that it has successfully obtained regulatory approval from South African Reserve Bank to launch Cross-border money transfer services in South Africa. This makes TerraPay the 5th company to be licensed as a category three Authorised Dealer in Foreign Exchange with limited authority, also known as ADLA
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