Egyptian fintechs boost payments security with new card

In his new position, the cards and payments expert will establish strategic direction for Visa's regional business objectives.

The projected growth is due to rising internet penetration and financial inclusion in Africa, as the continent rapidly takes up digital transformation.

The Somali Instant Payment System is backed by the Central Bank and operates on Banking Payments Commerce's SmartVista platform.

The exit comes after more than 12 years since the initial investment and the microfinance bank now has 38 branches in 16 states.

The partnership aims to enable the creation of card services that serve both specialised use cases and unbanked communities.

The App is expected to improve the urban experience in Lagos by providing real-time solutions and making it easier for people to navigate the city.

The fintech received Payment Aggregation and Payment Remittances Service Licences (Category II and III) from the National Bank of Rwanda.

Flutterwave says is open to providing a gateway for international companies who are looking to expand and tap into the Zambian market.

Already leading the world in the field of mobile money, Visa says there is great potential for digital payments and cryptocurrencies in Africa.

Kenya’s digital payments landscape is experiencing a dynamic growth, fuelled by a rising preference for innovative payment methods, says Chad Pollock, VP and general manager, Visa East Africa said.

Cassava Technologies says the partnership will accelerate the adoption of digital solutions in Egypt and the MENA region.