FLEX, the newest entrant redefining digital payments in Africa, officially unveils its brand and platform built on one powerful premise: freedom to move money without friction. Unveiled during a private launch event yesterday, FLEX introduces a more straightforward way to send, receive, and spend money — instantly, with no fees, no long account numbers, and
Moniepoint Inc. announces it has been ranked by the Financial Times as one of Africa’s fastest-growing companies for the third consecutive year, reinforcing its rapid growth as one of the continent’s leading financial institutions for Africans, everywhere. The recognition highlights Moniepoint’s continued ability to achieve strong, scalable growth. Moniepoint distinguishes itself by maintaining operational efficiency
PalmPay, a leading digital bank and fintech platform focused on emerging markets, has launched the PalmPay Debit Card in Nigeria in partnership with Verve, Africa’s largest domestic card scheme. Launching its debit card represents a key milestone in PalmPay’s evolution – from a mobile wallet known for its fee-free transfers and cashback rewards into a
MFS Africa, a Digital payments network, raised $100 million in equity and debt funding led by Admaius Capital Partners in an extended Series C, bringing the round’s total to $200 million. Additional investors included new backers Vitruvian Partners and AXA IM Alts, along with existing investors AfricInvest FIVE and CommerzVentures. Dare Okoudjou, founder and CEO
Visa, a global leader in digital payments, has announced strategic investments and commercial partnerships with two fintechs following their 12-week engagement through the Visa Africa Fintech Accelerator program, which enables start-ups to scale through training, mentorship, and networking opportunities. Visa’s investments include Konnect, a fintech based in Tunisia which enables seamless, accessible, and instant payments
Flutterwave, a Nigeria-based payments technology company, has expanded its presence in Ghana by integrating the Pay With Bank Transfer option in collaboration with Affinity Bank. Ghana recorded over 115 million bank transfer payments in 2023. While Mobile Money remains the dominant payment method for daily transactions, the increasing adoption of bank transfers highlights the growing
By: Pierre Aurel, Chief Product Officer, Stanchion Payments Solution. Originally published here. The number of virtual cards issued worldwide is growing at an unprecedented pace. According to Juniper Research, global virtual card issuance is expected to grow at over 30% annually between 2023 and 2028, driven by relentless consumer demand for seamless, secure and convenient
Network International, a leading enabler of digital commerce across the Middle East and Africa (MEA), has been appointed as a Payment Processor and issuing partner for MTN Group Fintech, Africa’s leading mobile financial services provider. This partnership marks a significant extension of Network’s portfolio of issuer processing collaborations throughout the African continent. With a footprint
Flutterwave, a Nigeria-based payments technology company, has obtained a Payment System License from the Bank of Zambia, allowing it to provide mobile money services. This license enables the company to facilitate local and international business transactions while supporting financial inclusion and economic activity. Zambia’s digital payments sector is growing, with mobile money contributing to nearly
GTBank (Guaranty Trust Bank Ltd) has announced the removal of processing fees on all GTBank POS terminals, reinforcing its commitment to supporting businesses with cost-effective payment solutions. This initiative, which took effect Tuesday, 11 February 2025, communicates that merchants using GTBank POS terminals will no longer incur Merchant Service Charges (MSC) when receiving customer payments.
