Newsflash
- SOUTH AFRICA: Lesaka to acquire fintech company Adumo for $85.9 million
- Kenya moves to regulate fintech-fueled lending craze
- NIGERIA: Banks begin adoption of Pan-African Payment & Settlement System
- Zimbabwe slams US$ transactions with 2% Tax
- NIGERIA: Govt orders registration of 1.9m POS agents operators
- UGANDA: Govt to pay census enumerators via mobile money
- KENYA: Banks, telcos, digital creditors scramble for struggling micro lenders’ customers
- NIGERIA: Paga processed $32bn transactions in 15 years
- CAMEROON: Mobile Money outpaces traditional banking
- KENYA: M-Kopa To Invest Ksh.1.3 Billion In Electric Motorcycle Deal With Bolt
Latest Stories
DEPOSIT Money Banks (DMB) in Nigeria are embracing the Pan-African Payment and Settlement System, a cross-border financial market infrastructure...
The Federal Government through the Corporate Affairs Commission has issued a two-month registration deadline to Point of Sales companies, to regi...
Paga, a Nigerian digital payments company, has announced that it has processed 335 million transactions worth over $32bn since its inception 15 y...
The Central Bank of Nigeria (CBN) has stopped mobile money operators including fintech firms like OPay, Palmpay, Kuda Bank, and Moniepoint from o...
Author: Emmanuel OkoegwalePrior to the COVID-19 pandemic, most social programs and anti-poverty interventions were centralized by the Feder...
Electronic transfer levies have generated N80.86bn for the three tiers of government in the first six months of 2023.This is according to data ob...
General Manager at MTN Northern Business District, Nii Adotey Mingle, has revealed that the telco recorded mobile money (MoMo) transactions worth...
Beginning July 1, 2023, MTN is increasing mobile money cash out transaction fees to GHS20 for all amounts GHS2,000 and above.In an SMS circular t...
Togo just revised its law on electronic transactions, on June 27th, during the fifth plenary session of the first ordinary session of the Nationa...
Tingg by Cellulant, In-Store solution is transforming the digital payments space in Ghana by providing Oil Marketing Companies (OMCs) with a...
The Minister of Communications and Digitalisation, Ursula Owusu-Ekuful, has announced a collaboration between Mobile Network Operators (MNOs) and...
Actual mobile money transaction float in Ghana was GHS13.2 billion in April 2023 alone, which indicates a 37.5% increase year-on-year from GHS9.6...
NAIROBI (Reuters) - Kenya built a reputation as a pioneer of financial inclusion through its early adoption of a mobile money system that enables...
The government will pay census workers only through mobile money numbers and national identification numbers (NIN). This is in a bid to eliminate...
Kenya’s microfinance banks (MFBs) are facing uncertain growth prospects as banks, telecommunications companies and the digital credit providers s...
In an effort to incentivize boda boda riders to increase their uptake of electric-powered motorcycles, the ride-hailing platform Bolt is set to p...
In a bid to combat the rising threat of digital fraud, the Bank of Uganda (BoU) has introduced a new directive requiring ID verification for digi...
The value of Kenya’s mobile money use registered its first decline in the first half of 2023 on reduced transactions, the country’s central bank...
In pursuit of the commitment to foster financial empowerment, financial independence and inclusivity across the world, TerraPay, a leading global...
Egypt - The Commercial International Bank (CIB) has revealed that users of electronic banking services currently constitute about 66% of the bank...
As part of its effort to accelerate digital transformation in Egypt’s financial ecosystem, Mastercard announced a strategic long-term partnership...
ADCB-Egypt, a subsidiary of Abu Dhabi Commercial Bank Group – the third largest bank in the UAE, has extended its collaboration with Temenos (www...
The Central Bank of Egypt (CBE) has announced the activation of the InstaPay application on Wednesday 23 March, which is functioning in tandem wi...
The Central Bank of Egypt (CBE) approved Wednesday the launch of the electronic portal for managing mobile phone wallet accounts, in cooperation...
After the latest acquisition, Lesaka’s ecosystem will serve 1.7-million active consumers and 119,000 merchantsLesaka has signed a new d...
FINANCE Minister, Prof Mthuli Ncube has subjected US$ transactions to the 2% Intermediated Mobile Money Transfer Tax (IMTT) on the back of yet an...
Mama Money, a rapidly growing fintech that offers cross-border money transfer and banking services has partnered with AFC Commercial Bank,...
THE number of Zimbabweans with bank accounts has increased to 3,3 million this year, compared to two million in 2014, according to a Reserve Bank...
Ukheshe International, the UK-headquartered division of leading digital-first, Banking as a Service (“BAAS”) enabler Ukheshe Group (“Ukheshe"), t...
Byline: By Susan Sitemere, Country Manager, Zimbabwe, and South Africa, WorldRemitRemittances continue to offer a crucial lifeline in...
MTN, Africa’s biggest wireless carrier, said Mastercard agreed to take a minority stake in its financial-technology business, which the company v...
By Athu KarumeThe rapid growth of mobile money has changed the payment landscape in Africa, alleviating the limitations of physical cash and barr...
Women are less likely than men to use mobile money services, GSMA has stated.According to the global body of telecommunication firms, the reason...
Women are less likely than men to use mobile money services, GSMA has stated.According to the global body of telecommunication firms, the reason...
Visa Inc. has announced a new payment solution called Visa+, which will allow users to make payments without needing a Visa card. Instead, users...
Western Union has partnered with payment gateway MFS Africa to enable money transfers into millions of mobile wallets across Afric...