Africas leading resource for digital financial services
Newsflash
- Africa can Save R887 Billion Through a No-Dollar Payment System: Standard Bank
- ChitChat launches global remittances, expanding financial services features
- The Challenges of Cash Use in Africa’s Cross-Border Trade and education mobility
- Zimbabwe hikes limits for mobile money and electronic transactions
- Cameroon: Société Générale, Allianz, Govt Lose CFA5 Billion in YUP Mobile Money Collapse
- Ghana to Launch Mobile Money Interoperability Pilot with Nigeria
- Orange Middle East and Africa and Mastercard partner to digitize payments for millions across Africa by 2025
- Agents Exit M-Pesa Due to Restricted Till Locations in Kenya
- GHANA: E-Cedi transaction value hits GHC473m in pilot phase
- Kenya to Block Non-Tax Compliant Mobile Phones in Enhanced Revenue Collection Drive
Latest Stories
Verve Reaches 70 Million Cards in Nigeria, Solidifying Its Position as a Leading Payment SolutionVerve, Africa’s leading domestic payment card br...
The Nigeria Inter-Bank Settlement Systems (NIBSS) has revealed that Nigerians conducted electronic transactions totaling N89.50 trillion in July...
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...
In a groundbreaking move to enhance cross-border payments within West Africa, Ghana has announced the launch of a pilot program for mobile money...
The Bank of Ghana’s eCedi pilot has achieved a major milestone, recording a transaction value of GH?473 million, with over 96,000 transactions du...
Ghana’s mobile money sector has recorded a significant milestone, with transactions exceeding GH¢1.9 trillion in the year 2023, reflecting the gr...
Binance, the world's leading blockchain and cryptocurrency infrastructure provider continues to drive innovation and expand access to cryptocurre...
Cameroon experienced a significant rise in suspicious financial transactions in 2023, with reported flows reaching CFA1.7 trillion, marking a sta...
Telecommunications giants Africell and Orange have been fined by authorities in Sierra Leone for conducting illegal mobile money operations. The...
In a significant shift within Kenya’s mobile money sector, thousands of agents have reportedly abandoned M-Pesa, citing frustrations with restric...
In an unprecedented move to boost revenue and tighten tax compliance, the Kenyan government has announced plans to block mobile phones that are l...
Safaricom, Kenya's leading telecommunications company, has announced a new customer-friendly initiative that will refund transaction fees for the...
The Central Bank of Kenya (CBK) is set to roll out a new fast payment system designed to streamline transactions across all banks and financial i...
Kenyans will now be able to send money to Ethiopia using M-Pesa through Safaricom Kenya and its Ethiopian subsidiary.The expansion of the M...
PostBank Uganda (PBU) in partnership with MTN Mobile Money (U) Limited (MTN MoMo) have launched Xtracash, a digital Micro Lending solution that i...
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...
Zimbabwe's Reserve Bank (RBZ) has announced an increase in transaction limits for mobile money and electronic transfers, a move aimed at addressi...
The Central Bank of Eswatini (CBE) has taken a groundbreaking step by opening its Central Bank Digital Currency (CBDC) platform, which is powered...
Mukuru has recently launched a new mobile wallet in Malawi, aiming to promote financial inclusion by providing a secure, digital alternative to t...
Robert van Breukele, CEO of Itemate SolutionsAfrica’s thriving telco sector continues to go from strength to strength. From a base size of $63.17...
Kazang (www.Kazang.com), the prepaid value-added services (VAS) and card acquiring business within JSE-listed fintech Lesaka Technologies, has la...
Authorities at the Malawi Communication Regulatory Authority (MACRA) have disclosed that 27,767 people in the country have fallen victim to mobil...
Prominent money transfer firm Zepz, is poised to receive a Sh2.6 billion ($17.3 million) cash injection from the International Finance Corp...
M-KOPA (https://M-KOPA.com/), a leading emerging market fintech, announced that it has surpassed 5 million customers across Kenya, Uganda, Nigeri...
M2P Fintech, an India-based company specializing in APIs and Banking-as-a-Service (BaaS) solutions, has announced a $102 million investment from...
MoneyGram International is working to restore its financial transfer system after taking its operations offline several days ago because of a cyb...
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...
