IBM Report: Identity Comes Under Attack in Middle East and Africa, Straining Enterprises’ Recovery Time From Breaches

IBM released the 2024 X-Force Threat Intelligence Index highlighting an emerging global identity crisis as cybercriminals double down on exploiting user identities to compromise enterprises worldwide. This global trend is also reflected in the Middle East and Africa region (MEA), with the use of valid local accounts and valid cloud accounts, making up the primary

Interswitch and eMaisha Pay Partner to Digitize Payments in the Agricultural Value Chain

Interswitch, one of Africa’s leading integrated payments and digital commerce companies and eMaisha Pay have announced a partnership which will digitize payments in Uganda’s agriculture sector to address several challenges encountered by farmers as well as businesses throughout the value chain. To tackle issues such as limited access to credit, absence of appropriate saving tools,

Mastercard and Onafriq Collaborate to Increase Accessibility to Financial Services Across Africa’s Payment Ecosystem

Mastercard and Onafriq (previously MFS Africa), a pan-African payments company, have collaborated to bring secure, cost-effective, and innovative payment options to consumers, as well as small and medium enterprises (SME) across the continent. Africa’s mobile money sector is one of the most established and fastest-growing fintech industries in the world. According to The State of

Comviva Unveils Innovative Low-Code/No-Code Platform for Digital Payments and Banking

Comviva, the global leader in customer experience and data monetization solutions, today announced the launch of its transformative Low-Code/No-Code Platform. Comviva’s Low-Code/No-Code composable platform is an extension of its existing mobiquity® platform and shall enable Financial Institutions, including Banks, FinTechs, and Digital Wallet providers to revolutionize the development landscape. The new platform will help Financial

Only a Quarter of Payment Issuers and Acquirers Have Made Significant Progress on Their Shift to the Cloud, New Research From HPS

HPS, the leading global provider of payment solutions and services, has launched a new eBook, in partnership with OMDIA, on the unique opportunity presented by cloud-based payment platforms for financial institutions and merchants across the world. The eBook, Seamless Evolution: Transforming Financial Institutions with Cloud-Powered Digital-First Strategies for Enhanced Customer Experiences, canvasses the views of

Absa Bank Partners With Visa to Launch Superior Card Payment Offering for Travel Agents and Businesses

Absa Bank Kenya, in collaboration with Visa, a world leader in digital payments, has introduced the Visa Commercial Choice Programme, a new Corporate Card solution targeting members affiliated with the Kenya Association of Travel Agents (KATA), allowing them the benefits of automation, flexibility and better cash flow management. Under this partnership, travel agents under KATA

Innovate or Stagnate – Amplifin

The modern landscape is continually and rapidly evolving, with innovation becoming an indispensable component of growth and adaptation. A recent Harvard Business School online article highlighted the importance of innovation in business as a critical driver of success. Besides success, considering the rapid – almost daily, it seems – advancements in technology such as AI,

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

Fintechs Should Develop Products That Address the Exact Needs of Their Customers – Mukuru

By Mike Cook, Mukuru Head of Wallet and VAS; Lorraine Nyawo, Mukuru Head of Product Domain: Financial Services All around the world businesses are pulling out the stops to achieve growth in what can best be described as challenging economic conditions. Africa is no exception. The continent has long been recognised for its immense potential,