SA fintech Peach Payments acquires software firm Operativa

The alliance will use Network's expertise to help EGBANK compete in the Egyptian market.

This collaboration aims to increase the speed, efficiency, and security of digital payments in Somalia, making transactions easier.

As the digital payments landscape in Africa expands, the need for robust cybersecurity measures becomes increasingly urgent.

DFS Lab and DCG, both based in Silicon Valley and New York, have invested in the company, which wants to expand into Africa and build on its existing traction.

The organisations aim to tackle problems that have inhibited the growth of businesses across Africa, and in doing so, accelerate financial inclusion:

Bard says it wants to increase reliability, transparency on charges to eliminate hidden expenses, and promote collaboration.

IFC says its funding would allow TerraPay to expand its operations by partnering with new global money transfer operators.

The telco says the app registration process, requires only a National ID Card or passport and an Africell number to enjoy free transfers, regardless of the amount.

Stitch will now offer all available direct bank APIs as part of its Pay by bank solution, including Absa Pay, Capitec Pay and Nedbank Direct EFT.

The arrangement, which was signed in Addis Ababa, would allow Ethiopians living abroad to send money straight to family members or friends' M-PESA mobile wallets.

Uruguay-born payments provider dLocal has signed a money remittance partnership arrangement with Kenya Commercial Bank.

The fintech, with over two decades of experience, has announced it recently expanded its product offerings to include embedded funding.