Bank of Algeria has officially joined the Pan-African Payment and Settlement System (PAPSS), marking a major milestone in Africa’s journey toward seamless financial integration. PAPSS, an initiative launched by the African Export-Import Bank (Afreximbank) in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat, is designed to facilitate
This article was originally published on the Cross Switch website here. Cross Switch, a global payment orchestration platform built for the unique needs of emerging markets, has unveiled a refreshed brand and newly redesigned website that reflect its continued growth and expanding presence across Africa and other high-growth regions. This announcement builds on recent momentum,
Mastercard and enza, a payment solutions company, have collaborated to connect fintech companies across Africa to the Mastercard network. This collaboration will enable fintech players to build propositions on the enza platform that serve both consumers and businesses with embedded Mastercard payment solutions capabilities. According to a report by the European Investment Bank, the number
EGBANK has joined forces with Mastercard to drive financial accessibility, expand digital payment adoption and introduce affluent new segments to the bank’s card portfolio. The collaboration aims to strengthen EGBANK’s strategy and reinforce its commitment to delivering a convenient, seamless and secure payment experience. Mastercard will support EGBANK in developing its portfolio of debit, credit,
Jumia, Africa’s leading e-commerce platform, has teamed up with Algerian finance provider Diar Dzair to roll out Buy Now, Pay Later (BNPL) services for customers across Algeria. This strategic collaboration is designed to make online shopping even more accessible, offering shoppers the flexibility to split their payments while encouraging greater use of digital financial services.
Al Baraka Bank Egypt has announced the launch of a cooperation program in the field of foreign trade with Al Baraka Bank South Africa. The initiative aims to enhance economic and financial collaboration between the two branches through Al Baraka’s digital trade platform, as part of the broader Al Baraka Banking Group’s strategy to create
SPAYZ.io, a leading provider of innovative payment solutions, is entering three new African markets – South Africa, Egypt, and Cameroon. The move is part of fintech’s ongoing vision to transform digital commerce in Africa’s emerging markets by offering tailored local payment solutions. SPAYZ.io has been actively assessing countries in the region as part of its
British bank Standard Chartered announced today the official opening of a new representative office in Casablanca, Morocco, further growing its presence in the Middle East and North Africa region. The move follows Bank Al-Maghrib’s approval of its license and the award of Casablanca Finance City (CFC) status by the Casablanca Finance City Authority. The new
A market view from Norman Frankel, Chief Growth Officer following his recent market visit. Originally published here. For regular visitors to Egypt, Old Cairo rarely changes. Home to the bank’s headquarters for decades, the constant background noise of traffic, the hustle and bustle of trade, narrow streets steeped in history and culture, are in stark
Visa, a world leader in digital payments, and Emirates NBD Pay, a digital payment platform provided by Emirates NBD P.J.S.C., a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, have partnered to launch Cybersource, a Visa Acceptance Solutions offering. Cybersource will be incorporated into the Emirates NBD Pay platform, providing
