Newsflash
- GHANA: Financial sector increased by 7% in 2023 to hit GH¢88m
- SOUTH SUDAN: Central Bank on cashless society drive
- South Sudan Central Bank sets cash withdrawal limit
- EAST AFRICA: Cross-border Payments Among Central Banks Difficult
- Safaricom Awarded Payment Facilitator Certificate by Visa
- NIGERIA: Zone expands decentralised payment network with leading Fintechs
- East African Community Central Banks urged to adapt and embrace technology to facilitate cross-border financial transactions
- NymCard leverages Mastercard move to offer fast and efficient cross-border payments across 47 countries
- NIGERIA: CBN Issues New Directive for PoS Transactions Routing, Sets 30-Day Deadline for Compliance
- Nigeria to Commence N50 E-Money transaction levy
Latest Stories
Africa’s fastest-growing payment infrastructure company, Zone, has announced that three prominent Fintechs across diverse verticals of the paymen...
The Central Bank of Nigeria (CBN) has mandated all Payment Service Providers (PSPs) to route transactions from Point of Sale (PoS) terminals at m...
Starting September 9, 2024, Nigeria will begin enforcing the Electronic Money Transfer Levy (EMTL) on financial transactions. The levy, which amo...
Afrigopay Financial Services Limited (AFSL), a subsidiary of the Nigeria Inter-Bank Settlement System (NIBSS) has launched an instant settlement...
The Central Bank of Nigeria, CBN said it has recorded all-time high remittances in July.On Tuesday, the apex bank said it recorded a significant...
•Cash accounts for 55% of transactions in 2023Cash payment in Nigeria will fall by 4.0 per cent by 2027 with share in PoS transactions fall...
The Bank of Ghana (BoG) has released its annual Fraud Report for 2023, revealing a 5% increase in fraud cases and a 7% rise in losses, totaling G...
MobileMoney LTD, a pioneer in the Ghanaian Fintech industry has organized a forum for its stakeholders at Labadi Beach Hotel in Accra.The event,...
The Mobile Money Advocacy Group, Ghana (MoMAG) has expressed deep concerns over the exorbitant charges imposed by Mobile Money agents...
The Central Bank of The Gambia (CBG) reported that commercial banks are the largest players in theforeign exchange market, account...
General Manager of Mobile Money Ltd. (MoMo), Nii Adotey Mingle, has revealed that fraud remains one of the most pressing challenges facing the di...
Flutterwave (www.Flutterwave.com), a leading payments technology company, has recently been granted a Payment Service Provider license (Enha...
The Central Bank of South Sudan is taking measures to move towards a cashless society, Governor James Alic Garang has said.Addressing a press con...
The maximum cash withdrawals across all channels at the Bank of South Sudan and all commercial banks shall not exceed SSP 10,000,000, the Central...
The EAC Secretary General Hon. Veronica Nduva has urged East African Community (EAC) Partner States Central Banks to embrace technology to facili...
Safaricom, Kenya’s leading mobile network operator, has received the Payment Facilitator Certificate from Visa, marking a major development in it...
East African Community (EAC) Partner States Central Banks have been called upon to embrace technology as part of efforts to facilitate cross-bord...
In a move aimed at rewarding its loyal customers and promoting seamless international remittances, MTN MoMo Uganda has given away more than 100 a...
The number of mobile wallet accounts in Egypt rose to 39.4 million in 2023, driven by consumer demand for easier financial transactions and vario...
The Export Development Bank of Egypt (EBank) has launched a new mobile banking app, according to an emailed press release.The launch is part of E...
A recent study by British website Merchant Machine has revealed that Morocco leads the world’s top 20 countries reliant on cash payments in 2022,...
Dopay, an Egypt-based financial technology company, has secured an additional $13.5 million in its Series A funding round. This extension will he...
The Cairo-based startup, Sahl has raised $6 million in Series A and seed funding to act as a one-stop shop for household bills in collaboration w...
he use of electronic payment methods, especially through mobile devices, is experiencing a substantial increase in Algeria, reflecting the countr...
The number of Electronic Money Institution (EMI) agents operating through mobile telecommunications networks in Mozambique increased by 12.2% in...
Sabipay Technologies, a subsidiary of Pesapal Limited, is proud to announce that it has been granted a Payments System Business license by the Ba...
EcoCash, the leading mobile money platform in Zimbabwe, has introduced ‘EcoCash Home Wallet’, an innovative new feature embedded on its new mobil...
Vodacom Group has announced a major milestone in its expansion into financial services, with the company revealing that it has processed a stagge...
At least once a month — and sometimes as often as three times a week — a private plane lands in a secure part of Robert Gabriel Mugabe Internatio...
In a bold move to deepen its footprint in digital financial services, Orange Money Botswana has extended the reach of Duela Easy, its innov...
NymCard, a leading Banking-as-a-Service (BaaS) provider, has joined forces with Mastercard to offer fast global money transfers to its customers...
TerraPay, a global money movement company, announced a collaboration with 5 of the leading wallet operators to establish the "Wallet Interoperabi...
The Central Bank of Oman has issued a clarification regarding the payment of fees for money transfers using the Mobile Payment System (MPCSS).The...
NOW Money, a prominent fintech company, has strategically partnered with Commercial Bank International (CBI) and Network International, making ba...
Gulf Bank has announced the launch of its new " WAMD " service for transferring money using a phone number via the bank's mobile app. This servic...
Expatriate remittances from Saudi Arabia reached $3.2 billion in June, reflecting an annual increase of 11.32 percent, according to the lat...