On Tuesday, Float, a pioneering credit card-linked instalment platform in Africa, announced a strategic partnership with Peach Payments, a prominent online payment solutions provider.  This collaboration aims to enhance the payment options available to consumers and merchants across South Africa. By integrating Float’s innovative payment solutions into Peach Payments’ checkout process, the partnership is set […]

On Tuesday, Mastercard announced a strategic partnership with Payrails aimed at transforming enterprise digital payments.  This collaboration is set to enhance payment solutions for large businesses, providing them with the tools necessary to navigate the complexities of the digital economy effectively. Read also: Mastercard, KCB Bank partner to introduce multi-currency prepaid card in Kenya Mastercard […]

The Securities and Exchange Commission (SEC) has given its approval for AVA Global Asset Managers Limited’s Money Market Fund launch. This open-ended fund aims to provide unit holders with a steady income, offering investors a low-risk investment option in challenging economic times. The fund, with an offer size of N1 billion and a unit price […]

PrimeNet Solutions, a Zambia-based payment solution, announced the launch of PrimePay and Bills Marketplace on Monday to improve financial inclusion, streamline transactions, and provide a smooth digital payment experience for both consumers and companies in a market that is still quite fragmented. PrimePay is a cutting-edge digital payment system developed by PrimeNet Solutions that simplifies […]

South African fintech startup 6DOT50 has partnered with BTS and Seriti Solutions to introduce cryptocurrency payments for vehicle purchases. This groundbreaking initiative allows customers to buy new and used cars at over 1,400 dealerships using eight different cryptocurrencies, including Bitcoin (BTC). Read also: Ivorian fintech Cauridor raises $3.5M to enhance cross-border payments in Africa 6DOT50 […]

Cauridor, an Ivorian financial technology startup and a major player in Africa’s fintech industry, addresses the inefficiencies in business payments and remittances by utilising a hybrid approach that blends digital infrastructure with cash networks. To boost its growth, fortify its payment rails, and enter new areas, the company just obtained $3.5 million in early capital. […]

DORU.CO, an innovative fintech platform, has unveiled its new suite of services, offering secure crypto custody, ISO20022-compliant cross-border payments, and an over-the-counter (OTC) desk for seamless fiat and crypto transactions. Designed for a global audience, the platform aims to simplify digital asset management and international transfers while ensuring security and compliance. Read also: NjiaPay secures […]

Elon Musk’s X has taken another bold step toward becoming an “everything app” by announcing a partnership with Visa to enhance the platform’s upcoming X Money service. The collaboration, revealed on Tuesday by CEO Linda Yaccarino, establishes Visa as the first partner to integrate with X Money, which is set to launch later this year. […]

Imagine walking through the bustling markets of Africa, where each transaction is a testament to the region’s diverse and vibrant economies. However, beneath this vibrant surface lies a complex web of payment systems, with each of the 54 countries having a unique financial infrastructure.  This is where NjiaPay comes in. It is a payments-as-a-service provider […]

ExiPay, a provider of in-person payment solutions, has been acquired by Stitch, a South African fintech company that specialises in online payment infrastructure, to create a single payment platform for both online and offline retail settings. According to the statement released by Stitch on Monday, the platform will now be able to provide a strong […]

The Securities and Exchange Commission (SEC) has issued a strong warning to the public about investment schemes promoted by Risevest (Victoria Island) Cooperative Multipurpose Society Limited and Stecs (Alausa) Multipurpose Cooperative Society, also known as Stecs. According to the commission, these entities are not registered and have not received approval to operate within Nigeria’s capital […]

On Wednesday, January 22, 2025, Somali Prime Minister Hamza Abdi Barre officially introduced the Somali Instant Payment System (SIPS). The system, which was created by the Central Bank of Somalia (CBS) in partnership with the Somali Banks Association, is anticipated to revolutionise financial services across the country by facilitating quick, safe, and transparent transactions between […]

Five associations have united to establish the FinTech Alliance (TFA), with the goal of driving the growth and development of Kenya’s fintech industry. The alliance established on Thursday January 23, includes the Association of Fintechs in Kenya (AFIK), Fintech Association of Kenya (FINTAK), Digital Financial Services Association of Kenya (DFSAK), Digital Credit Providers Association (DCPAK), […]

Accrue, a 2021 crypto investment app, raised USD 1.58 million seed funding led by Lattice Fund. Participating investors included Maven 11, Lava, Kraynos Capital, Distributed Capital, and many angel investors. The fundraising round signals Accrue’s transition from a crypto investment software to a versatile cross-border payment platform. Accrue’s cross-border payment solution uses an agent network […]

KCB Bank Kenya has partnered with Mastercard, to introduce the country’s first multi-currency prepaid card, which accepts 11 foreign currencies for secure and faster international transactions. This cutting-edge solution which was announced on Thursday, enables seamless spending across several locations. Read also: Mastercard unveils crypto credentials, allowing users to send and receive cryptocurrencies with simple […]

Visa, a multinational payment corporation, has made a strategic investment in Nigerian fintech unicorn Moniepoint to support its growth across Africa and provide businesses with cutting-edge payment solutions. The business’s highly successful $110 million series C capital round, which increased its valuation to over $1 billion in October 2024, preceded this investment. In a statement […]

On Wednesday, Nigerian fintech company PalmPay announced its plans to enter the remittance sector as part of its expansion to Asia. With a strong presence in Africa, boasting over 30 million users and handling $6 billion in monthly transactions, PalmPay is now setting its sights on tapping into the thriving global remittance industry. Read also: […]

According to PalmPay, more than 10 million Nigerians received N4 billion in interest payments from the company in 2024 through PalmPay Wealth, its savings and investing platform. According to a statement released by the company on Tuesday, this milestone demonstrates how well the platform has worked to improve saving habits and promote a culture of […]

Klasha announced the introduction of its newest cross-border payment service – Pay to China, on Tuesday to enhance cross-border payment between Africa and China. Businesses and individuals can now instantly transfer Chinese Yuan (CNY) to Chinese bank accounts, Alipay wallets, WeChat wallets, and bank cards using their local African currencies. This feature was created to […]

On Tuesday, Safaricom, in collaboration with two fund managers, Standard Investment Bank and ALA Capital Limited, announced the formal launch of Ziidi MMF, a money market fund that uses M-PESA’s convenience to give clients an easier, quicker, and more intelligent way to invest and build wealth. Ziidi MMF is a unit trust that allows users […]