Africas leading resource for digital financial services
Newsflash
- GHANA: Mobile Money Float Went Up to GH¢13.2 billion in April 2023
- Safaricom buys M-Pesa cash firm from Vodafone for 1USD
- NIGERIA: Banks get 30-day deadline to close accounts without BVN
- Kenya Plans to Implement a 3% Tax on Digital Assets Revenue
- GHANA: Mobile Money Agents Threaten Strike over Delayed Commissions
- KENYA: CBK launches QR Code Standard to boost digital payment usage
- Sierra Leone Launches National Payment Switch
- Mobile money exceeds industry expectations as Kenya, Nigeria reap
- GSMA: Mobile money adoption lower among women
- GSMA: Mobile money adoption lower among women
Latest Stories
The Central Bank of Nigeria (CBN) has given banks and other financial institutions a 30-day timeline to close accounts without Bank Verification...
•Strong inflows come on the back of continued sacrifices by Kenyans living in the diaspora as reflected in a study by WorldRemit. •The...
The Federal Competition and Consumer Protection Commission (FCCPC) have given its approval for 173 digital lending applications to operate in Nig...
MTN Nigeria has proposed the merger of its two finance subsidiaries – MomoPayment Service Bank Limited and Yello Digital Financial Services Limit...
MTN Nigeria has proposed the merger of its two finance subsidiaries – MomoPayment Service Bank Limited and Yello Digital Financial Services Limit...
An increase in failed payment transactions in February caused a 4.83 per cent decrease in the value of cashless transactions to N37.67tn from the...
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...
Mobile money agents in Ghana have threatened to go on strike due to delayed commissions from telecommunication companies. Mobile money is a popul...
President Julius Maada Bio, yesterday Wednesday May 3, officially launched the National Payment Switch. The switch is a gateway system to payment...
the Bank of Ghana (BoG) has increased mobile money transaction and wallet limits.The Bank in a statement issued on December 22, 2022, noted the r...
Cross-border payments company Wise has suspended transfers in Ghana's cedi currency after a rapid appreciation against the dollar this week made...
In line with the Government’s directive to link all SIM cards to National Identification Card (Ghana Card), all SIM cards that are not fully regi...
Vodafone has announced its intention to sell M-Pesa Holding Company Limited (MPHCL) to Safaricom for $1. The transaction began on April 17, 2023...
Kenya has announced plans to implement a 3% tax on revenue generated from digital assets. This move is part of the government's efforts to increa...
The Central Bank of Kenya (CBK) has launched a new QR code standard aimed at promoting the use of digital payments in the country. The new standa...
Loans through mobile apps have skyrocketed in Kenya. While this fintech industry provides easy-to-access credits, it has become a nightmare. Expe...
MTN, the leading telecommunications provider in Africa, and Chenosis, a subsidiary of MTN Group, have launched an 'API as a Service' platform to...
MTN has declared mobile money accounts as dormant if they remain inactive for 450 days or 15 months. The dormant accounts have accumulated a tota...
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...
The Board of Directors of the Central Bank of Egypt (CBE) approved the rules governing the services of the instantaneous payment network within t...
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...
Cellulant Ltd., a Kenyan payment-services provider, is starting a South African business after months of testing the market and is looking to wra...
Embedded finance enabler Ukheshe Technologies has announced the launch of the very first tap-on-phone payment solution that requires no...
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...
In 2020, African fintech companies brought in about 4 billion USD in total. In 2025, one of the world’s most reputable consulting firms, Mc...
ZainCash Iraq announces the launch of Western Union international money transfer services through the ZainCash mobile application, enab...
