3.0 Verse, Palremit partner to launch virtual card in Nigeria

According to the companies, with the introduction of virtual cards, Nigerians can now transfer funds smoothly to over 150 countries.
Samuel Olomu
15 Feb

SA fintech IKhoka disburses $105 million to support SMEs

The fintech also provides access to working capital and offers affordable access to business management tools, including daily sales analytics.

MasterCard appoints Femi-Lawal as West Africa head

Femi-Lawal, who has over 25 years of experience, will be in charge of driving the company's vision, innovation, and growth strategy in the region.

PayChangu seeks to transform Malawi payments ecosystem

The company has introduced a new solution that allows locals to make domestic and international payments with cards and mobile money.

Tactile, Elo debut Elo Pay 7-inch integrated payment POS terminal in SA

The enterprise-grade terminal boasts a seven-inch touch display, runs on the latest Android 12 OS and is powered by the Qualcomm SD660 processor.

Fintech Lesaka acquires Heineken’s data analytics company

The deal will give the fintech access to a network of over point-of-sale devices and data from within South Africa’s tavern ecosystem.
6 Feb

MTN, JUMO drive SA financial inclusion with Qwikloan

Qwikloan allows MoMo users to get small, short-term loans on their mobile phones, ranging from R250 to R10,000, depending on eligibility.

Safaricom reports significant M-PESA growth in Ethiopia

M-PESA has 26,200 agents and 43,100 merchants, according to the company's third quarter 2023 update.
6 Feb

MasterCard buys $200m stake in MTN Group Fintech

The agreement values the fintech business of MTN at $5.2 billion and will help fund the expansion of its payments and remittance services.
24 Jan

Kenya experiences second M-Pesa outage in one month

This is the second M-Pesa outage Safaricom has experienced this January.
Jan 22, 2024

Kenyan court returns lucrative fintech firm to Rwandan investor

The businessman had gone to court to retake control of the $2.6 million fintech startup from another Kenyan businessman, Koome Kirimi, whom he accused of ignoring to register him as the company's sole owner.
Jan 19, 2024

Alviere, Onafriq collaborate on US-Africa payments and remittances

This partnership is consistent with Alviere and Onafriq's goals of providing critical access to financial services, according to the companies.
Jan 19, 2024

Ukheshe expands African footprint with EFTCorp takeover

Ukheshe, based in South Africa, announced the acquisition, noting that the deal will provide the firm with access to new technologies and opportunities in a diverse market, improving exposure to different clients.