M-PESA gets new partner to elevate blockchain tech

The company's growing channel partner ecosystem includes representation to engage with customers out of offices in Kenya and Morocco.

New data shows that Kenyan consumers are abandoning traditional websites in favour of WhatsApp and mobile apps, as mobile money platforms like M-Pesa reshape how online shopping is done across the country.

This acquisition, according to the fintech, strengthens Flutterwave’s commitment to building a connected, interoperable financial system.

Reports suggest online payment volumes are expected to grow at roughly 34% per annum through 2025.

The Central Bank said the new licensees had been thoroughly evaluated for their business strategies, governance structures, and consumer protection systems.

The new funding will help the start-up accelerate product development and merchant adoption in South Africa, Kenya, and Nigeria.

The digital payment system aims to connect the country's financial ecosystem and accelerate the transition to a cashless economy.

The all-in-one inventory and POS solution is aimed at the SME market and the firm hopes that it will provide SME customers with the power to make data-driven decisions.

The Central Bank's recent overhaul of its monetary corridor has caused fixed-income returns to plummet, pushing millions of digitally savvy Nigerians to seek tech-accelerated savings and investment options.

According to Alwyn Pretorius of Infinitus Reporting Solutions, while AI may impact the future of financial reporting, strong fundamentals will determine who will be ready when the time comes.

A new RMB report positions Namibia as the continent’s frontrunner in seamless, real-time digital transactions after becoming the only African nation to integrate India’s UPI at the government level.