Fintech, remittances anchor Africa's booming payments system
The projected growth is due to rising internet penetration and financial inclusion in Africa, as the continent rapidly takes up digital transformation.
Lezeth Khoza
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2:00
Somalia debuts national instant payment system
The Somali Instant Payment System is backed by the Central Bank and operates on Banking Payments Commerce's SmartVista platform.
1:10
Tanzania banks on agri-tech to lift smallholder farmers
The bilateral program addresses important difficulties for smallholder farmers by providing integrated digital solutions.
1:10
Visa intends to strengthen foothold in Central Africa
The company has prioritised promoting closer collaboration among financial institutions and enhancing digital payment infrastructure.
1:30
MTN Uganda pays hefty dividends
The business says its success in 2024 allows it to pay $139 million (UGX506 billion) in dividends to shareholders.
2:00
Safaricom's mobile money platform M-PESA turns 18
The telco says M-PESA is now available in over 170 countries and serves over 70 million customers.
1:00
Foreign digital lenders give Kenya a conundrum
The Data Protection Commissioner's Office is now seeking mutual legal assistance from international governments to permanently shut down non-compliant lenders.
1:00
Fintech Nsano enters Rwanda with two licences
The fintech received Payment Aggregation and Payment Remittances Service Licences (Category II and III) from the National Bank of Rwanda.
1:20
Flutterwave expands footprint with Zambian license
Flutterwave says is open to providing a gateway for international companies who are looking to expand and tap into the Zambian market.
1:50
NBA Africa, Safaricom partner to empower youths
The M-PESA Jr. NBA initiative will offer basketball development and financial literacy training to over 10,000 boys and girls in Kenya.
1:50
Most Africans fret about financial loss from cyber crime
The continent is more concerned about cybercrime as mobile banking use grows and WhatsApp is used for business purposes.
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Nigerians boycott telcos over tariff increases
The country's trade union instructed Nigerians to boycott MTN, Airtel, and Glo services between 11 a.m. and 2 p.m. daily from today until the end of February.