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 […]

The House of Representatives on Tuesday directed the Central Bank of Nigeria(CBN) to suspend the increase in ATM fees in light of the nation’s economic challenges. The House’s decision followed the acceptance of a motion of urgent public interest during Tuesday’s plenary, which was presented by Honourable Marcus Onobun, the representative for the Esan Central/Esan […]

On March 8, 2025, Access Bank, in collaboration with Visa, launched the “Tap to Phone” payment solution in Nigeria. This innovative technology eliminates the necessity for conventional point-of-sale (PoS) terminals by enabling merchants to accept contactless payments directly on their NFC-enabled Android smartphones. Read also: Nigerian government replaces Remita with new revenue platform How Tap […]

Orange Money Burkina Faso has announced a major upgrade to its mobile money platform, partnering with Comviva to implement the next-generation mobiquity® Pay solution. This strategic enhancement was revealed on March 5, 2025, at the Mobile World Congress in Barcelona, Spain. Read also: Orange to leverage Eutelsat’s satellite to provide high-speed Internet in remote locations […]

Airtel Money, in collaboration with DTB Bank, Mastercard, and Network International, has introduced the Airtel Money Global Pay Card at the Golden Tulip Hotel in Kampala, marking a significant milestone for the country’s financial industry. The announcement was made on Tuesday. By facilitating safe, easy, and borderless payments for Ugandans, the new virtual payment solution […]

The Remita platform has been replaced with the Treasury Management and Revenue Assurance System (TMRAS), a new revenue collecting platform, introduced by the Federal Government of Nigeria on Tuesday. The Federation’s accountant-general, Dr. Oluwa Oyin Madein, FCCA, FCA, FCNA, revealed this in a statement. The Office of the Accountant-General of the Federation (OAGF) is leading […]

The organisers of the Africa Fintech Summit announced on Tuesday that the 14th Africa Fintech Summit will be held at the Accra International Conference Centre (AICC) in Accra, Ghana, from October 8–10. The Africa Fintech Summit (AFTS) is Africa’s premier forum for fintech executives, regulators, investors, and innovators. Impactful summits have been held by AFTS […]

Ghana on Monday declared its intention to introduce the e-Cedi, its central bank digital currency (CBDC) later this y following years of development and delays. The Bank of Ghana (BoG) has been developing the e-Cedi since 2021, and a successful pilot program has been implemented in specific regions, including Sefwi Asaafo. However, economic and regulatory […]

Nigerian fintech startup, Moniepoint Inc., partnered with Afrigopay Financial Services Limited (AFSL), a subsidiary of the Nigeria Inter-Bank Settlement System (NIBSS), on March 1 to distribute five million AfriGO cards across Nigeria. Moniepoint’s network and infrastructure will be used to roll out NFC-enabled AfriGO cards, which will improve digital payments and financial inclusion. Read also: […]

Fawry, Egypt’s largest electronic payment platform, announced on February 26, 2025, a strategic investment of $1.6 million in three Egyptian fintech startups: Dirac Systems, Virtual CFO, and Code Zone.  This move supports Fawry’s goal of developing its “Fawry Business” ecosystem to offer digital solutions to businesses across sectors. Read also: KCB Bank becomes first East […]

MTN Group Fintech in collaboration with Paysky on Wednesday launched Market by MoMo, an e-commerce platform designed to give Ugandan business owners and customers a hassle-free digital market experience. Market by MoMo is a one-stop shop for purchasing and selling a variety of goods, such as electronics, groceries, clothing, cosmetics, and more, is provided by […]

MTN MoMo, in partnership with Mastercard, Diamond Trust Bank and Network International, launched a Virtual Card on Thursday to facilitate safe online transactions in Uganda. The Virtual Card is an inventive payment solution created to allow MTN MoMo customers to conduct safe online transactions without requiring a physical card or bank account. In line with […]

The KCB Group has reaffirmed its commitment to advancing financial integration and cross-border trade throughout the continent by joining the Pan-African Payment & Settlement System (PAPSS). This new development was announced by the bank on Thursday. Benefits for KCB Bank customers Being the first bank in East Africa to incorporate PAPSS into its systems, KCB […]

Global chipmaker Nvidia Corporation announced sales of $39.3 billion for the fourth quarter that concluded on January 26, 2025, which was a 78 percent gain year over year and a 12 percent increase from the prior quarter. The firm revealed the figures in its financial report, which was made public on Wednesday. It attributed the […]

On Wednesday, Gozem, a leading super app in Francophone Africa, announced that it has secured $30 million in Series B funding.  This investment, a combination of equity and debt, was led by SAS Shipping Agencies Services Sàrl, a MSC Mediterranean Shipping Company SA subsidiary, and Al Mada Ventures. The funds will bolster vehicle financing and […]

Rwanda Finance Limited and the Africa Fintech Network (AFN) announced a strategic partnership on Tuesday, aimed at advancing the fintech ecosystem in Rwanda and Africa. The partnership focuses on driving the growth of digital finance, promoting financial inclusion, and fostering fintech development through policy advocacy, capacity building, and knowledge exchange. Read also: MTN Group Fintech […]