Zeepay Raises Equity From Leading Institutions to Support Its Ongoing Expansion

Africa50 and Oikocredit lead equity investment in Ghanaian fintech Zeepay to support Africa expansion; The investment will support the expansion of Zeepay’s cross-border remittances and mobile financial services business across Africa and the Caribbean; The investment was made by Africa50, Oikocredit, Injaro Ghana Venture Capital Fund (IGVCF) and Verdant Capital Hybrid Fund, with a follow-on

Visa’s Growing Services Business Infused with New AI-Powered Products

Visa, a leader in digital payments, announced continued expansion of its global value-added services business with the addition of three new AI-powered risk and fraud prevention solutions. The new products, part of the end-to-end Visa Protect suite, are designed to reduce fraud across immediate account-to-account and card not present (CNP) payments, as well as transactions

Harnessing the Potential of Mobile Payments in Africa – Halo Dot

Financial inclusion remains a critical barrier across Africa. A considerable segment of the population remains alienated from basic banking services. Yet, the arrival of mobile payment technologies, like Halo Dot, promises to bridge this gap. Halo Dot’s innovative approach turns mobile devices into secure, encrypted payment terminals, allowing for instant card payments without the need

Ikhokha Surpasses R2bn in Working Capital Disbursements to South African SMEs

iKhokha, the KZN based fintech who recently picked up the MTN Financial App of the Year Award, has announced that they have surpassed the impressive milestone of disbursing more than R2bn in working capital to their SME customer base, in partnership with Retail Capital, now a division of TymeBank. “In a tough South African economic

The Digital Payments Revolution: Participate Without Fear – Halo Dot

By Dalene Deale, Growth Consultant at Halo Dot Digital technology is reshaping our lives—especially the ways we handle financial transactions. Both consumers and merchants have options, and should exercise them, to fully engage in the digital economy without fear, capitalizing on the myriad of choices and opportunities now available. A World of Choices for Consumers

Mastercard’s Community Pass Customer Summit Paves the Way for Mastercard’s Digital and Financial Inclusion

Mastercard’s second annual Community Pass Customer Summit in Kampala, Uganda gathered more than 90 public and private sector partners, featured 20+ thought leaders dedicated to crafting sustainable solutions for digital and financial inclusion across Africa and beyond. This year’s summit showcased over 10 cutting-edge technologies and financial institutions, each presenting their digital solutions designed to

BIS Makes Changes to Its Executive Leadership Team

Luis Bengoechea appointed as Head of the Banking Department, effective June 2024. Hyun Song Shin to assume role of Head of the Monetary and Economic Department, effective January 2025, upon the retirement of Claudio Borio at end-2024. The Board of Directors of the Bank for International Settlements (BIS) has appointed Luis Bengoechea as Head of

BNPL, Cards and Wallets: The Technology that Connects the Dots – OpenWay

Download the report here. BNPL (Buy Now, Pay Later) wallets are no longer positioned as an invincible challenge to international card schemes. Even the most successful BNPL app providers have opted to collaborate with supposed rivals. Afterpay, for instance, has introduced the Afterpay Plus card, a contactless Mastercard product, and Klarna extended its popular “Pay

OpenWay Report | Cross-Border Merchant Acquiring: New Technology, New Competitors

Download the report here. Competition in cross-border merchant acquiring is growing exponentially. Many incumbents find themselves burdened by rigid and uncoordinated legacy systems, unable to keep up with merchant expectations. They face challenges not only from startups, but also former partners, as ISVs transition into payment facilitators, ISOs evolve into processors, and PSPs transform into

Paycorp Champions Financial Inclusion in South Africa with SARB Designation and Visa & MasterCard Principal Membership

Paycorp, a leading provider of payment solutions, has been licensed as a direct clearing system participant by the South African Reserve Bank (SARB). This means Paycorp can now acquire payment transactions directly into the National Payments System through BankServ Africa and internationally through its principal memberships with Visa and MasterCard. As an independent non-bank participant