Access Bank, one of the major financial institutions in Africa, has announced the debut of its custody services, which will provide its prized customers with safekeeping and servicing of their financial assets. Following the receipt of regulatory licences in December 2022 from both the Securities and Exchange Commission (SEC) and the Central Bank of Nigeria […]

Interswitch, the leading integrated payments and digital commerce provider in Africa, reaffirmed its dedication to empowering and supporting the growth of the Product community in Nigeria in a recent press release. This prognosis was reaffirmed by the fact that a major financial technology company sponsored a Product Leadership Conference called The Dive 2023, which was […]

Treepz, an online rental marketplace in Africa, has appointed four new board members. Jane Egerton-Idehen, a former manager at Facebook when it was owned by Meta, and Adejare Rasheed Olaoluwa, a former head of Nigeria’s Bank of Industry, are two of the new members. Treepz says that the new people will help the company grow […]

Nigerian fintech known as Bankly is driving financial inclusion to benefit all classes of people down to the grassroot by introducing the Bankly Group Savings Feature. The “Ajo” savings method known to average people, has been given a contemporary makeover by Bankly Microfinance Bank and made available as a feature on the Bankly mobile app. […]

The best e-payment business in Egypt, Fawry, has joined forces with a global gaming store, Tamatem Plus to improve e-payments.  With this agreement, Egyptian gamers will be able to reach the market quickly and easily without having to go through banks or risky foreign websites. Through this deal, Tamatem Plus users will be able to […]

Seerbit, a Pan-African payment solutions provider, has introduced Alpha, a white-label product.  This product makes it simpler for financial institutions, travel and hospitality companies, online marketplaces, and other businesses to drive growth and expedite the penetration of digital payments in Africa by making it possible for them to launch their own digital financial technology solutions […]

Safaricom, a telecom company, has mandated the closure of its locations in the Amhara region of Ethiopia as a result of the declaration of a state of emergency.  As the fight between government troops and Fana rebels got worse, an emergency order had to be given. It is planned that the state of emergency will […]

Grinta, an Egyptian pharmaceutical startup, has made the intriguing strategic step of officially announcing that it has acquired Auto Cure.  Because of this new turn of events, Grinta’s position is going to be considerably amplified within Egypt’s rapidly expanding health technology ecosystem. Since the company’s founding in 2021, Grinta has completed three acquisitions, which is […]

A revolutionary programme dubbed “The Feather Internet Program” has been introduced by Raven Bank. Its primary objective is to make high-speed internet available on campus to Nigerian students attending both state and federal educational institutions free of charge.  The unveiling, which took place on Friday, August 4 at Ignatius Ajuru University (IAUE) in Port Harcourt, […]

South Africa’s Scan to Pay has announced QR code payments in SA. A growing number of people are embracing the convenience of using their mobile devices, from low-end smartphones to high-end smartphones, to make payments, according to Scan to Pay data, which is now powered by Ukheshe  Johannesburg, South Africa, and used by Masterpass.  Mobile […]

The South African venture capital firm known as REdimension Capital has been successful in raising more than ten million dollars in funding for its first fund known as REdimension Real Estate Technology and Sustainability Fund I. Investec Property Fund, Growthpoint Properties, and Rand Merchant Bank were the driving forces behind the financing round. In addition, […]

One of the top three subscription video-on-demand (SVOD) services in the region, STARZPLAY, has announced an exciting partnership with TPAY, the top payment processor in the Middle East, Turkey, and Africa (META).  With this partnership, customers will be able to pay for their subscriptions to STARZPLAY’s top sports and entertainment material using their cell phone […]

PayPal has announced that it will join the stablecoin market with $PYUSD, and Blockchain has confirmed this, recording PayPal USD. The announcement says that the stablecoin will be backed by investments in US dollars and short-term US Treasuries. In a news statement, the company’s president and CEO, Dan Schulman, said, “The move towards digital currencies […]

Airtel Africa and Mastercard have started a service that lets Airtel mobile phone users in 14 African countries send and receive money across borders.  About 100 million mobile phone users in Africa who use Airtel Africa will benefit from the new service, which strengthens the partnership between Airtel Africa and Mastercard to improve the digital […]

Tendai Mugovi, a co-founder of the Zimbabwean financial technology firm Cashliq, which provides banking-as-a-service solutions, has spoken about the company’s aspirations to support financial inclusion not only in Zimbabwe but also in other markets, such as Zambia. Cashlinq’s financial inclusion Speaking on the role that Cashlinq is playing in attempting to facilitate access to financial […]

A Memorandum of Understanding (MoU) has been signed between ZENITH Bank Plc and the Secretariat of the African Continental Free Trade Area (AfCFTA) for the creation of the SMARTAfCFTA Portal, which would promote trade within the African continent. SMARTAfCFTA is a centralised hub for all of the trade-related information that pertains to the African continent. […]

A strategic alliance between Mastercard and Lipa Later, a leading credit-led and technology-driven fintech, was recently announced by Mastercard.  The purpose of this partnership is to hasten the growth of payment systems that allow customers to “Buy Now and Pay Later” (BNPL) across Africa. Through the provision of specialised BNPL solutions and improved payment capabilities, […]

In partnership with InfraCredit, FSD Africa has put £10 million into the establishment of a risk-sharing facility that is the first of its type and is aimed to free up funds for environmentally responsible infrastructure development in Nigeria. The facility will serve to accelerate Nigeria’s economic and social growth, as well as deliver on Nigeria’s […]

Antler, a well-known global early-stage venture capital firm, is getting ready to launch a fund with a commitment to the Middle East, North Africa, and Pakistan (MENAP) area that will have a total of sixty million dollars. Dr. Jonathan Doerr, an experienced entrepreneur and Partner, will be in charge of the fund’s management. Antler intends […]

The Federal Government of Nigeria, in partnership with WEMA bank, are set to establish tech hubs in seven states to empower 1 million youths and 500,000 MSMEs. In accordance with the commitment made by the administration of President Bola Ahmed Tinubu to create more opportunities for young Nigerians to work in the digital sector; the […]