Leading Digital Payment Solutions Provider Network International Reports Strong Strategic Delivery and Record Merchant Wins with Q4 2022 Revenue Up 13% y/y

Posted on by Staff Reporter | 1767 Views | 19 min read

The company, which operates across Africa and the Middle East, has seen strong underlying growth in payment transactions with an increase in merchant solutions growth acceleration vs pre-pandemic during Q4 2022. Successfully launched direct-to-merchant services in Egypt, with the first Small and medium-sized enterprises (SME) merchants onboarded and transacting through Network’s point-of-sale terminals. Figures include

Mojaloop Foundation’s Walk the Loop Event in Tanzania Shows Path to Financial Inclusion – Desire Kachenje

Posted on by Staff Reporter | 2088 Views | 17 min read

In Swahili, “Mojaloop” means “one loop.” The Mojaloop Foundation strives to create one financial services loop for everyone. The Mojaloop Foundation’s open source software, Mojaloop, was designed to provide a reference model for inclusive instant payment interoperability to overcome barriers that have slowed the spread of digital financial services. Using Mojaloop, central banks, hub operators,

CR2 Partners with Entrust to Enhance Cardholder Digital Payment Experiences

Posted on by Staff Reporter | 2156 Views | 10 min read

CR2 partners with Entrust to enhance digital payments security, customer confidence and digital transaction volumes. CR2, a world leader in the digital banking and payments platform industry has formed a technology partnership with Entrust, a leading enabler of trusted identities, payments and digital infrastructure. This partnership will provide CR2’s bank customers with a secure, seamless

Network International Appoints Sandeep Chouhan, a Global Leader in Banking and Payments, as its Group Chief Business Transformation and Technology Officer

Posted on by Staff Reporter | 6916 Views | 6 min read

Sandeep most recently served as Group Chief Operating Officer of Abu Dhabi Islamic Bank (ADIB)  Network International (Network) (www.Network.ae), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has announced the appointment of Sandeep Chouhan as Group Chief Business Transformation and Technology Officer. Bringing global experience in spearheading Business and

The enza group: A new contender enters the African payments industry

Posted on by Staff Reporter | 6342 Views | 11 min read

A team of highly-experienced payments industry professionals have today launched the enza group (enza), a payments company focused on servicing the growing needs of banks, fintechs, and MNOs across the African continent. The African consumer payments landscape remains dominated by cash, with global management consulting firm McKinsey[1] estimating that only 5 to 7 percent of

Digital Payments: A Crucial Step in the Financial Inclusion Endgame

Posted on by Staff Reporter | 30725 Views | 25 min read

By: Andy Jury, Group CEO of Mukuru In years gone by, pages such as these have been awash with articles and opinions about fintechs and their potential to drive financial inclusion and improve the lives of millions of unbanked and underserved communities. While these opinions have been crucial in raising awareness, the discussion should now

Equity Group Reports Strong 3rd Quarter Performance

Posted on by Staff Reporter | 20122 Views | 17 min read

Kshs.34.4 billion, PAT and Kshs.1.264 trillion assets 28% Profit After tax growth 31% growth in Non-funded income 27% growth in Earnings per Share 15% growth in customer deposits 21% growth in net loans Equity Group Holdings Plc today reported Kshs.34.4 billion shillings profit after tax for the nine months to 30th September 2022. The Group recorded

Adumo Raises R190 Million to Consolidate and Develop its Recent Acquisitions

Posted on by Staff Reporter | 7071 Views | 11 min read

Adumo, the leading independent payments processor operating across Sub-Saharan Africa, has successfully raised R190 million to increase its shareholding and control in some of its recent acquisitions. CEO of Adumo, Paul Kent commented, “Local consumers are following a global trend of demanding digital and flexible methods of making cashless payments, through alternative methods. Likewise, merchants

Mastercard and Cellulant Partner to Empower Millions of Consumers Across Africa to Join the Global Digital Commerce Market

Posted on by Staff Reporter | 20311 Views | 15 min read

Partnership will enable customers to pay globally with a Mastercard virtual payment solution linked to the Cellulant wallet, Tingg Mastercard’s technology will enable consumers to shop online with or without a bank account, through a simple and secure payment experience  Mastercard and Cellulant have partnered to allow millions of Cellulant customers across Africa to shop

Payhippo Acquires Nigeria’s Maritime Microfinance Bank to Expand its Customer Offerings

Posted on by Staff Reporter | 12532 Views | 14 min read

With direct access to Nigeria’s Inter-bank Settlement System, this acquisition will enable Payhippo to launch an array of products and services for its customers  Payhippo, Nigeria’s credit-led SME fintech, has acquired Maritime Microfinance Bank (MFB), a financial institution specializing in saving products, demand deposits, and investments as well as micro and SME loans. The acquisition