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

Decoding Financial Crime to Address South Africa’s Financial Crime Emergency – RelyComply

South Africa’s financial sector faces an Anti-Money Laundering compliance crisis, with authorities cracking the whip on institutions that fail to meet their obligations to combat financial crime and the country’s continued presence on the Financial Action Task Force (FATF) grey list, adding to the cost of doing business. That’s according to Bradley Elliott, CEO at

Fintech Startup Float Secures $11 Million in Funding From Standard Bank

Standard Bank has provided an $11 million facility to fintech Float, which will facilitate the rollout of its card-linked instalment platform, supporting its accelerated growth plans over the next four years. Float is a new payment method that encourages responsible credit card usage and, at the same time, helps merchants to grow their sales. The

Mastercard Partners With Fintech Sava to Empower Africa’s Small Businesses Through Financial Management Technology

Mastercard and Johannesburg-based fintech company SAVA have announced a partnership that will support small, medium, and micro enterprises (SMMEs) through innovative payments technology and infrastructure. Through the partnership, the two entities will provide small businesses in South Africa, Nigeria, Kenya, and Egypt with an online platform, powered by SAVA’s Payment Transaction System (PTS), that includes

PAX Technology Celebrates Payments Innovation at Worldwide Partner Conference

PAX Technology, the world’s leading payment terminal solutions provider, recently held its World Partner Conference in Ho Chi Minh City, Vietnam. The event saw PAX unveil a number of new Android payment terminal solutions to its global community of channel partners and payment system integrators from around the world, which will come to market during

Don’t Let Innovation Be a Casualty of Rapid Digital Transformation – Network International

While there is no doubt that banks around the world fast tracked their digital transformation plans as a result of the pandemic, a report from Accenture posits that the rapid growth in digital services may have negatively affected innovation in the sector. In order to overcome this and truly innovate for the customer, local banks

ATMIA and Payments Afrika Forge Strategic Partnership to Drive Innovation and Collaboration in the Payments Ecosystem

The ATM Industry Association (ATMIA) and Payments Afrika are pleased to announce a strategic partnership aimed at driving innovation and fostering collaboration within the payments ecosystem. By combining their respective strengths and resources, both organizations are poised to deliver greater value to their audiences and contribute to the continued evolution of the industry. The partnership

COFI Bill Set to Shake up Local Finance Sector, Inject Much Needed Competition

While it’s unlikely that the Conduct of Financial Institutions (COFI) Bill will be tabled before Parliament rises ahead of the elections this year, market players are eagerly awaiting its enactment and the many benefits it will bring, especially when it comes to low risk, rapid innovation in the fintech space. Designed to complement the Banks

Entersekt Awarded New Patent for Frictionless Multi-Factor Authentication

Entersekt, the financial authentication company, continues its trailblazing innovation in the fight against financial fraud with its 99th software technology patent application being granted by the US Patent office. Entersekt was recently awarded a new patent for its approach in enabling frictionless, multi-factor authentication (MFA) – US granted patent “Frictionless SCA (Strong Customer Authentication).” This

Tymebank and Ikhokha Team up to Unlock Better Business for South African SMEs

The ability for small businesses to accept payments on a smartphone has been revolutionary for businesses of all sizes. Tap-on-phone technology, although in its early days, has the potential to play a key transformative role in driving financial inclusion throughout Africa. As South Africa’s biggest digital bank, TymeBank announced the migration of their Tap-on-Phone customer