Mastercard and Amazon Payment Services to Enable Digital Payment Acceptance Across Middle East and Africa

Posted on by kara | 409 Views | 12 min read
Mastercard and Amazon

Mastercard and Amazon Payment Services have signed a multi-year commercial partnership agreement to digitize payment acceptance in Middle East and Africa, across countries including Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, South Africa and UAE. As part of the collaboration, the leading payment service provider (PSP) will adopt Mastercard Gateway – a single touchpoint for

Paymob Extends Series B to USD $72 Million as It Maintains Profitable Growth in Its Core Market

Posted on by kara | 937 Views | 14 min read
Paymob

Paymob, MENA’s leading financial services enabler, announces a $22 million Series B extension round – taking the Company’s total Series B funding to $72 million. The funding was led by EBRD Venture Capital with participation from Endeavor Catalyst. Existing investors PayPal Ventures, BII, FMO, A15, Nclude and Helios Digital Ventures participated in the round, reaffirming

MDP Takes Center Stage as Payments Enabler Africa Sponsor at Africa Fintech Summit Nairobi 2024

Posted on by kara | 1062 Views | 16 min read
MDP

MDP, a leading payments technology provider in the Middle East and Africa, is gearing up to make its mark at the 12th edition of the Africa Fintech Summit, taking place in Nairobi, Kenya, from September 4-6, 2024. The payments technology pioneer is coming on as Africa’s Payment Enabler Sponsor for the second year running. This

Wasoko & MaxAB Complete Landmark Merger

Posted on by kara | 1565 Views | 17 min read
Wasoko

Africa’s Largest Tech Merger Fuels Groundbreaking Expansion From E-Commerce to B2B Digital Services Platform African B2B e-commerce pioneers Wasoko and MaxAB have completed the continent’s largest-ever tech merger following the signing of preliminary terms in Q4 2023. Conducted as an all-stock transaction, the deal establishes a truly Pan-African platform for communities to access essential digital

Paymob and Shopify Join Forces to Accelerate Embedded Payments Opportunity in MENA

Posted on by kara | 1946 Views | 9 min read
Paymob

Paymob, a prominent financial services enabler in the MENA region, has announced the launch of its new embedded checkout experiences for merchants, marking a significant extension of its partnership with the commerce platform Shopify. This new initiative is set to revolutionise the way merchants handle transactions, providing them with advanced card and wallet payment options

Egyptian Fintech Dopay Raises $13.5 Million in Series a Extension Round

Posted on by kara | 1744 Views | 6 min read
Fintech

Dopay, a fintech platform focused on providing digital payroll and payment solutions to the unbanked and underbanked workforce in emerging markets, has successfully raised $13.5 million in a Series A extension round. The fresh capital, led by Argentem Creek Partners and with participation from existing investors, will fuel Dopay’s expansion in its home market, Egypt,

FSB Middle East and North Africa Group Discusses Regional Financial Stability Issues and Cross-Border Payments

Posted on by Staff Reporter | 7229 Views | 6 min read

The Financial Stability Board (FSB) Regional Consultative Group for the Middle East and North Africa (RCG MENA) met today in virtual format. The group discussed global and regional macroeconomic and financial stability developments. Spillovers from bank failures in the US and Europe in March have been muted. However, geopolitical factors are weighing on the outlook

Stanbic Commits to Local Business Growth

Posted on by Staff Reporter | 43575 Views | 3 min read

Stanbic Bank says it is committed to focus on the growth of local businesses and is well positioned to offer fit for purpose banking services to local businesses in the country. Speaking during his country visit to Zambia, Standard Bank Chief Executive Officer for Business & Commercial Banking, Mr Bill Blackie said that Standard Bank,

Ecobank Wins Coveted Euromoney Award as Africa’s Best Bank for SMEs

Posted on by Staff Reporter | 52499 Views | 8 min read

Ecobank, the leading pan-African Banking Group, has been named Africa’s Best Bank for SMEs (small and medium-sized enterprises) by the prestigious Euromoney Awards for Excellence for the second year running, having also won the accolade in 2022. Jeremy Awori, Chief Executive Officer, Ecobank Group, said: “This award reflects Ecobank’s absolute commitment to supporting African SMEs

Domestic Networks Retain a Small But Stable Share of Global Card Spending – RBR

Posted on by Staff Reporter | 51194 Views | 14 min read

Domestic networks continue to drive financial inclusion worldwide but face an ongoing challenge to stay up-to-date on card functionality and flexibility 2% of all card expenditure is through local payment networks RBR’s Global Cards Data and Forecasts to 2027 study found that the share of spending made on domestic network cards was unchanged at 2%