For the third year in a row, First Bank of Nigeria Limited, the country’s top bank and top supplier of financial inclusion services, has been named both the Best Private Bank in Nigeria and the Best Private Bank for Sustainability Investing in Africa. This award was given out on Wednesday, March 19, 2025, at the […]

On Tuesday, Mali unveiled two innovative digital platforms to transform public service delivery. Prime Minister Abdoulaye Maïga introduced “Trésor Pay,” a payment platform developed in collaboration with Malian mobile money operators. This system simplifies payments for services such as national identity cards, passports, traffic fines, and fixed penalties. Designed by the Support Unit for the […]

The Bank of Ghana has announced that Brij Fintech Ghana, a licensed Payment Service Provider, has been approved to pilot a B2B currency swap platform known as BrijX. This platform facilitates direct currency swaps between the Ghanaian cedi and the Nigerian naira without relying on traditional foreign exchange channels. The announcement was made on Thursday, […]

Co-operative Bank of Kenya (Co-op) recorded a 9.8 percent increase in profit, rising from KSh 23.2 billion in 2023 to KSh 25.5 billion in 2024. Interest revenue surged by 24.8 percent, reaching KSh 86.2 billion, while income from government securities grew from KSh 23.1 billion to KSh 26.9 billion, bolstering the bank’s overall performance. Read […]

Nigerian revenue-collection agency, Federal Inland Revenue Service (FIRS) has integrated Flutterwave into its e-tax platform, TaxPro Max in order to make tax payments simpler, faster and seamless for Nigerians. This development was revealed by Flutterwave on Thursday. This payment solution is accessible to Nigerians in all walks of life such as accountants, small business owners, […]

Hibret Bank and the International Finance Corporation (IFC) have signed a landmark agreement aimed at enhancing the bank’s operational and financial management capabilities This collaboration represents a crucial milestone for Hibret Bank, as it lays the foundation for improving its treasury, liquidity, and risk management systems, ensuring a stronger financial future In order to ensure […]

Morocco and the United States are expanding their collaboration in digital transformation and artificial intelligence (AI) as part of ongoing efforts to drive technological progress.  During the Global Digital Summit at the World Bank Headquarters in Washington held from March 17 to 20, Morocco’s Minister of Digital Transition and Administration Reform, Amal El Fallah Seghrouchni, […]

Three months after becoming a unicorn, South African digital bank TymeBank has announced a sharp rise in deposits, hitting about R7 billion (roughly $385 million). African Rainbow Capital (ARC), the company’s largest stakeholder, disclosed this information in its interim financial reports. In its financial report for the six months ended December 31, 2024, the Johannesburg-listed […]

dLocal, the top payment platform that links international retailers with emerging markets announced a strategic partnership with Belmoney, the first Remittance-as-a-Service (RAAS) provider in Europe, on Tuesday. Through this partnership, Belmoney is able to facilitate cross-border payouts by utilising more than 900 local and Alternative Payment Methods (APMs), including digital wallets like OPay in Nigeria […]

On Tuesday, Egypt’s top fintech company, Fawry, expanded its partnership with Contact Financial Holding, a leading non-banking financial services provider. The new agreement will integrate Contact’s Buy Now, Pay Later (BNPL) service into Fawry’s wide payment network, which includes over 370,000 points of sale (POS) and an online platform. This move aims to give customers […]

Mastercard and Paymentology, a global payment processor, are strengthening their partnership to make it easier for fintech businesses in South Africa to issue cards. This partnership, which was announced on Monday, will give fintechs the know-how, resources, and quick time to market required to handle the challenges of card issuance, opening up new avenues for […]

Safaricom M-PESA and LakiPay Financial Technologies have announced a strategic partnership to enhance digital payment services in Ethiopia. The collaboration, announced on Monday, integrates M-PESA with LakiPay’s payment gateway, allowing merchants on the LakiPay platform to accept M-PESA payments seamlessly. Read also: Safaricom’s M-PESA celebrates 18 years of providing financial services to Africans M-PESA, LakiPay: […]

Forbes Middle East on Friday released its annual Fintech 50 list for 2025, honouring the top innovators in the digital financial services industry in the area as they manage changing customer demands in a world that is becoming more and more digital. Fawry, an Egyptian fintech, claimed the second spot, making it the highest-ranked company […]