Africas leading resource for digital financial services
Newsflash
- Madagascar’s Mobile Money Operators Denounce Transaction Tax Plan
- Kenya's Mobile Money Transactions Hit Record KSh 6.5 Trillion in 2024
- Zimswitch Taps ACI Worldwide to Protect Zimbabweans from Payment Fraud
- Comviva and GETESA Forge Digital Payments Partnership in Equatorial Guinea
- MTN MoMo and EcoCash Partner for Seamless Cross-Border Money Transfers
- Cameroon’s Camtel Plans to Launch Mobile Financial Services by 2025
- Over 30 Financial Institutions in Southern Africa to Adopt BankServAfrica’s Cross-Border P2P Clearing System
- FNB partners with BankservAfrica for faster cross-border payments
- Safaricom Cuts SIM Swap Fraud to Record Low: Just 40 Cases in Every 750,000 Swaps
- kenya: KCB Customers Overdraw Accounts by $7.7 Million Due to System Glitch
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...
Comviva, a global leader in digital financial solutions, has announced a strategic partnership with GETESA, Equatorial Guinea’s leading telecommu...
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...
Kenya's mobile money ecosystem has achieved a significant milestone, recording transactions worth KSh 6.5 trillion ($43.4 billion) between Januar...
In a major stride against SIM swap fraud, Safaricom has successfully reduced fraud cases to only 40 in every 750,000 SIM swaps. This is a marked...
A recent system glitch at Kenya Commercial Bank (KCB) led to an unexpected situation in which customers were able to overdraw their account...
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 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...
Madagascar’s three mobile money operators—MVola, Orange Money, and Airtel Money—have strongly opposed a proposed tax on mobile money transactions...
ACI Worldwide, an original innovator in global payments technology, today announced that Zimswitch, Zimbabwe's national electronic payments switc...
MTN South Africa’s mobile money platform, MoMo, and Zimbabwe’s leading mobile payment service, EcoCash, have launched a partnership to enable dir...
In a significant move for financial integration across Southern Africa, over 30 financial institutions are set to adopt BankServAfrica's new cros...
First National Bank (FNB) Namibia has partnered with BankservAfrica to implement the Transactions Cleared on an Immediate Basis (TCIB) system.Thi...
Zimbabwe's Reserve Bank (RBZ) has announced an increase in transaction limits for mobile money and electronic transfers, a move aimed at addressi...
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...
