Absa Group and Thunes have announced the launch of Absa Global Pay, a digital remittance solution enabling Absa customers to send money internationally via the Absa Banking App or Absa Online platform. According to the official press release, the service launched on 3 March 2026, with an initial release covering six countries, including the UK,
Mambu, the leading SaaS cloud banking platform, today announced a strategic collaboration with Nyla, Africa’s first Islamic neobank, to power its shari’ah-compliant digital banking infrastructure as it launches in Ghana and prepares for expansion across West Africa. The partnership marks a significant milestone for Mambu’s Islamic banking offering in Africa, bringing scalable, cloud-native infrastructure to
By Maxim Kuzin, Head of Fraud Monitoring Department, BPC From Africa’s digital payments story being one of the fastest-moving structural shifts in global finance — more accounts, more wallets, more rails, more real-time transfers, and more e-commerce — the same connectivity that compresses time-to-transaction also compresses time-to-fraud. Fraud is not merely “leakage”; it is a
Paystack, the payments company building technology for ambitious businesses across Africa, has announced the launch of The Stack Group (TSG), a new parent holding company that will bring together Paystack and a growing family of tech-focused brands under a single corporate umbrella. TSG has been established to aggregate and support a set of complementary businesses
Access Bank, a leading full-service commercial bank, has announced a strategic partnership with Visa, the world leader in digital payments, to introduce a new Corporate Credit Card solution tailored specifically for medium to large enterprises in Nigeria. The new offering is designed to address long-standing challenges around working capital management, expense visibility, and operational efficiency
Xsolla, a global video game commerce company that supports developers in launching, growing, and monetising their games, has announced the expansion of its payments solution in Nigeria through the addition of Paga, one of the country’s largest mobile-money operators. This integration marks a significant milestone in Xsolla’s ongoing mission to empower game developers with localised
PalmPay, Nigeria’s leading digital banking platform, has once again demonstrated its leadership in driving the nation’s payment revolution. In a landmark development for Nigeria’s digital economy, PalmPay, in collaboration with Wema Bank, completed the first live transaction on the Nigeria Inter-bank Settlement System (NIBSS) National Payment Stack (NPS), a next-generation infrastructure designed to redefine how
Wave Mobile Money has taken a major strategic step in West Africa by incorporating a formal banking entity in Côte d’Ivoire, signalling an intentional evolution from its original mobile-money model toward balance-sheet-driven financial services. A legal notice confirms that WAVE BANK AFRICA S.A. was constituted on 4 August 2025 and officially registered on 22 August,
Moniepoint Inc., Africa’s all-in-one financial platform for businesses and their customers, has announced the successful close of its Series C funding round, securing more than US$200 million in equity financing. The investment underscores Moniepoint’s rapid growth, sustained profitability, and meaningful impact, and will enable the Company to advance its mission of powering the financial dreams
Paga Group, a UK-headquartered financial technology company and one of Africa’s fastest-growing fintech businesses, today announced its expansion into the United States market with the launch of digital banking services for Africa’s diaspora community. Created in partnership with a US-regulated bank, Paga’s new service provides Africans living in the US with unprecedented access to international
