By Tim Davis, CEO, Cross Switch They are the kind of top-line statistics that would make any would-be payments provider excited about Africa, with a total continental population of roughly 1.6 billion people (around one-fifth of the world’s population). Mobile penetration levels vary geographically but can be reliably estimated at roughly 45–50%. And finally, a
Stitch‘s new report on how South Africans shop in 2026, based on a survey of 3,000 consumers and 27 in-depth qualitative interviews, paints a detailed picture of how South Africans discover, buy and pay for things today, and the findings show that local commerce is changing faster than most businesses realise. Here are the most
This article was originally published on Stanchion Payment Solutions website here. According to a Euromonitor article, Egypt, Vietnam, the Philippines and Indonesia are all emerging markets that will rank among the world’s fastest-growing economies this year. What’s driving them? Demographics, structural reforms, rising consumption and accelerating digital adoption. While the familiar developed economies are navigating
Cross Switch, the payment technology company driving digital transactions across emerging markets, has appointed four senior leaders since the turn of the year. Together, these arrivals deepen the company’s capabilities across technology, operations and regional growth. The appointments span the executive team and two key regional markets. Jacob Yermalitski, a co-founder, has been promoted to
UBX Tanzania Limited has extended its long-standing partnership with ACI Worldwide, marking a significant milestone in a relationship that spans nearly two decades and focuses on strengthening infrastructure resilience, enhancing scalability, and enabling innovation to support Tanzania’s rapidly evolving digital economy. UBX currently powers the core payments infrastructure for 18 banks in Tanzania, supporting a
Yuno, the global financial infrastructure platform, today announced a strategic partnership with Flutterwave Inc, Africa’s leading payment technology company, to streamline payments for businesses expanding into Africa. Through a single API integration, Yuno merchants can now activate Flutterwave’s comprehensive local payment methods, including cards, mobile money, and bank transfers across key African markets instantly, eliminating
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has expanded its payment solution, Bybit Pay, to South Africa by integrating with MoneyBadger. This South African crypto payments integration provider enables QR-based transactions and settlement in rand through partnerships with major payment networks, enabling users to make everyday purchases using cryptocurrency across a wide network
Aurionpro Solutions Limited, a global leader in banking technology, announced the expansion and upgrade of its transaction banking engagement with Diamond Trust Bank (DTB), to modernize and enhance the bank’s corporate transaction banking capabilities across multiple countries. This multi-country transaction banking upgrade covering Kenya, Uganda, and Tanzania aligns with DTB’s intent to enhance customer experience,
For many African financial institutions, card management is still treated as a back-office issuing function: produce cards, manage BINs, process transactions, and handle settlement. That view is becoming outdated. In today’s market, modern card management is no longer only about debit, credit or prepaid cards. It is becoming the foundation layer for digital-first experiences such
TCIB understands that in Africa’s fast-evolving payments landscape, transaction speed gets you through the door, but visibility, control, and trust keep you there. New payment forms such as instant payments, mobile wallets, and agency banking are launching at a furious pace across the continent. Banks, PSPs, and enterprises are now handling more transactions than ever
