Sasai Fintech’s Digital Wallet Secures GSMA Compliance, Increasing Digital Mobile Wallet Offering to its Customers

Posted on by Staff Reporter | 18425 Views | 9 min read

Securing this compliance helped Sasai, the leading diversified and integrated African fintech company, standardise its integration process Sasai Fintech, a business of Cassava Technologies, Africa’s first integrated technology company of continental scale, has been awarded the compliance approval for merchant payments and bulk disbursements on GSMA digital wallet’s Mobile Money API (Application Programming Interface). According

Ukheshe Technologies Leading the race to Perfect Chat Commerce

Posted on by Staff Reporter | 37060 Views | 18 min read

Chat commerce is undoubtedly the way of the future, according to Pieter de Wet, President Business Development: International Markets at leading pan-African fintech enablement partner Ukheshe Technologies. “Ukheshe’s own Eclipse Chat Commerce solution offers everything a business needs – not only now, but also as an organisation grows.” Consumers are making a rapidly increasing portion

Cellulant Recognised as the Best Digital Payment Solutions Provider in Africa at the World Business Outlook Awards 2022

Posted on by Staff Reporter | 36131 Views | 9 min read

Cellulant and its One-Stop Shop Payments Platform, Tingg, have been recognised as leading payments brands in Africa, providing online and offline payments solutions to businesses, banks and consumers Leading Pan-African Payments Company Cellulant (Cellulant.io) and it’s all-in-one Payments gateway Tingg (Tingg.Africa), have won 4 awards in the just-concluded World Business Outlook Awards; Leading Digital Payment

Morocco’s Al Mada Launches Pan-African $109.5 Million VC Fund

Posted on by Staff Reporter | 13199 Views | 8 min read

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

Economic Recovery Relies on Empowering Women Entrepreneurs, According to Mastercard Study

Posted on by Staff Reporter | 8522 Views | 22 min read

Fifth-annual Mastercard Index of Women Entrepreneurs (MIWE) findings demonstrate the resilience of women entrepreneurs across 65 economies despite disproportionate challenges during Covid-19 pandemic Six economies in MENA have recorded progress in their MIWE scores, although work remains on women’s representation in business ownership and leadership, as well as female financial inclusion Mastercard has revealed the fifth-annual

United Bank for Africa Partners with Cellulant to Expand its Reach in 19 Markets Across Africa

Posted on by Staff Reporter | 51314 Views | 17 min read

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

Network International Delivers on High Growth Strategy with 2021 Revenue Growth of 24% and Underlying EBITDA Growth of 27%

Posted on by Staff Reporter | 14718 Views | 38 min read

Reported net profit for the year was USD 56.6 million, a significant increase on USD 5.6 million recorded in 2020 Revenue increased 23.7% year on year to USD 352.2 million in 2021 with Middle East revenue increasing 25.0% year on year; Underlying EBITDA[1,2] increased by 27.5% to USD 143.5 million reflecting strong revenue performance and prudent

Standard Chartered Bank Reports its Highest Operating Profit Since 2015 in the Africa and Middle East Region

Posted on by Staff Reporter | 12676 Views | 15 min read

Standard Chartered has released its financial results for the full year and fourth quarter ending 31 December 2021. See link here. In the Africa and Middle East region, the Bank has recorded its highest Operating Profit since 2015. Performance Highlights: Broad-based growth and improvement in income and profits Income grew by 3.5 per cent to

Mastercard and Fintech Kashat Partner to Expand Financial Services to Egypt’s Unbanked and Underbanked

Posted on by Staff Reporter | 11123 Views | 10 min read

In a move that will see enhanced financial services for people in Egypt, Mastercard and Egyptian fintech Kashat have signed a five-year agreement that will digitize the onboarding, disbursement, and collection processes for MENA’s first nano financial service provider. Kashat will now be able to issue prepaid cards to users and offer them safe and

Halo Dot | Contactless Payments the Future of African Micro-Payments

Posted on by Staff Reporter | 18659 Views | 12 min read

While cash was always considered to be king, that is no longer the case with consumers across Africa moving to alternative payment methods for convenience and safety reasons. Tap to pay has emerged as one such option. It uses short-range wireless technology to make secure payments between a contactless chip card or device and a