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
Velmie, a leader in banking technology infrastructure, has successfully delivered the core platform behind Vult, Sierra Leone’s first digital financial super app. The launch marks a significant milestone in Velmie‘s strategic mission to accelerate digital transformation for African financial institutions. Deployed in partnership with Metro Cable, the country’s foremost fibre broadband provider, Vult is already
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
Djamo, a financial services app based in Ivory Coast, has raised US$17 million in an equity funding round to expand its banking services for consumers and SMEs in Francophone Africa. Regis Bamba and Hassan Bourgi launched Djamo in 2021. It is designed to provide mobile-first, affordable banking solutions for consumers and small businesses in the
Peach Payments, a digital payments gateway, has agreed to acquire West-African payment platform PayDunya. In the process, it will enter mainland Francophone Africa for the first time, following its expansion to Eswatini (2024), Mauritius (2021), and Kenya (2018). Peach Payments is an enterprise-grade payments gateway that enables online payments in Africa for businesses of all
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
Ecobank Group, the leading private pan-African financial services group with unrivalled African expertise, is proud to have been named the Best Trade Finance Provider Bank in Africa at the Global Finance Trade Finance & Supply Chain Finance Awards 2025. Additionally, our affiliates in Burkina Faso, Côte d’Ivoire, and Rwanda have been recognised as the Best
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
EFTCorp, a trusted partner in modern banking, was honoured with the ‘Outstanding Contribution to Fintech Enablement’ award at the 15th Africa Bank 4.0 Summit—West Africa, held in Accra, Ghana, from 26 to 27 February 2025. The award recognises EFTCorp’s role in advancing fintech innovation and expanding financial inclusion across Africa by providing cutting-edge payment solutions
