Dutch fintech FACTS, providing much needed working capital to established small and medium sized enterprises (SMEs) in East Africa, is scaling up its activities, more than tripling the number of clients served.
Mobile network operator MTN Benin and Youtap have launched MoMoPay, a contactless mobile payment service for MTN Benin Mobile Money users.
WorldRemit, the digital money transfer service has added Android Pay to its service, offering a new way for WorldRemit’s Android Pay users to send money internationally and reach millions using mobile money accounts.
Safaricom Ltd may expand its popular mobile-banking service M-Pesa into countries such as Nigeria and Angola, as East Africa’s biggest company grapples with regulatory scrutiny in its home market of Kenya.
Youtap partners with MatchMove to deliver open loop payments for mobile money customers in Africa and Asia
Youtap, a global provider of contactless mobile money payments and financial services software, has announced a partnership with MatchMove.
Nigerian banks' ability to access foreign currency has improved considerably since the Central Bank of Nigeria introduced a foreign exchange "window" at end-April aimed at investors and exporters, Fitch Ratings says.
PayU has rolled out strategies to intensify efforts to connect businesses to Nigeria’s online payment market. Annual online payments in Nigeria is estimated to surpass N200 billion this year from N167 billion in 2016.
The National Emergency Management Agency (NEMA) has adopted cash transfer as one of the strategic ways of reaching out to disaster victims.
Jumia has joined forces with technology company, Mastercard to drive cash out of the online retail sector and provide a more secure and convenient way for consumers to shop online
[Nigeria] FirstBank Re-elected to the Board of Advisors of PCI SSC: Remains the only African Bank on the Board
First Bank of Nigeria Limited has been re-elected into the Board of Advisors of the Payment Card Industry Security Standards Council (PCI SSC) for the third consecutive time.
CNN Marketplace Africa discusses new Mastercard digital payment services with Middle East and Africa President
Africa still remains a pivotal market for Mastercard’s global expansion as the company aims to reach 500 million consumers, Raghu Malhotra, President of Middle East and Africa for MasterCard has told CNN Marketplace Africa.
Victor Chandler is back. After a 3-year hiatus, his first foray is set to be as part of a new sports betting and gaming company to be called Bet Lion, focusing on East Africa and launching in August.
Xpress Money, a global money transfer brand, has seen a 14 per cent increase in remittances from the UAE that culminate onto mobile wallets in Kenya in the last two years.
MallforAfrica (MFA), Africa’s prominent e-commerce and m-commerce platform, has announced that it has launched a new dedicated website for eBay shopping enthusiasts in Africa.
Vice President, Dr. Mahamudu Bawumia, has disclosed that Government is working to meet its November 2017 timeline for the implementation of mobile money interoperability.
United Bank for Africa (UBA) has announced the roll out of the Debit MasterCard card in Cameroon in support of financially empowering all citizens.
TerraPay, the world's first mobile payments switch, has received the Frost & Sullivan Visionary Innovation Leadership Award for international remittances in Sub-Saharan Africa.
The mobile payments company Fortumo has announced that it has expanded its carrier billing services to 3 new African markets. More than 79 million mobile phone owners in Algeria, Ghana and Tanzania can now make payments for digital services.
Mobile wallets just became even more useful with the announcement that Mastercard, the leading company in payments technology, is adding Bee, the smart payment solutions provider, as a key player to its interoperable mobile ecosystem.
Mastercard and McDonald’s have entered into a strategic collaboration that will bring simpler and faster payment options to all McDonald’s customers when buying their favorite meal in store, at the drive thru or when ordering it online.
KOKO Networks, a tech platform that connects suppliers, retailers and consumers has launched their technology in Nairobi.
Mastercard and prepaid processing and payments solutions provider Global Technology Partners (GTP) signed a partnership agreement that will result in the latest prepaid solutions being made available across Africa to government institutions, financial services and corporate sector and consumers.
Jumia Nigeria is pleased to present the 2017 edition of the African Mobile Trends Paper. This is the third white paper presentation from Jumia delving into mobile trends across Africa and specifically Nigeria.
Leading travel commerce platform Travelport has entered into an arrangement with Kenya’s Travel Creations that will see Travel Creations become the first travel agent in Africa to roll out ‘GOL’ an online booking tool powered by Travelport’s technology.
Wirecard AG acquired all shares of MyGate Communications (Pty) based in Cape Town, South Africa.
Ekene Okechukwu is Founder of Bargainmasterng.com, Nigeria's social marketplace for online sellers and buyers.
The Informal Economy, or if you have a penchant for the more colourful descriptor, the “Shadow” or “Grey” Economy, is typically the term used to refer to the portion of a country’s economy that transact exclusively in cash
VoguePay has won the “Best Fintech Startup” award at the just concluded Cashless Africa Expo. The award is in recognition to online payment in Nigeria and Africa in general.
South African online retail store, Rabaki.com is now giving locals an opportunity to become part of the outlet and earn a 5% commission in return.
Halotel has partnered with NMB to allow five Million Halotel and NMB customers enjoy cash deposit and withdraw services from HaloPesa.
Two million customers have signed up for PesaLink less than two months after the digital bank-to-bank payments platform was launched by the Kenya Bankers Association.
Money transfer firm WorldRemit says that it will set up an office in Kenya this year as it seeks to diversify its business to intra-African remittances.
Sage, the market and technology experts in integrated accounting, payroll & HR and payment systems, today announce that Sage One Payroll will be available in Kenya from 3 April.
Merchant service provider, Kopo Kopo, announced their partnership with Mastercard today to roll out Masterpass QR across 11 markets in Sub-Saharan Africa, impacting over 250,000 micro and small businesses over the next five years.
Smartphone shipments in Africa slowed down last year as the mobile device market took a hit from economic turmoil in the region.
Online education is big business. With a plethora of different e-learning courses and qualifications available, it can be difficult to choose between education apps, online portals, MOOCs and old-fashioned courses in brick and mortar institutions.
To mark the 10th anniversary of mobile money service M-PESA, WorldRemit has released new data showing that the Kenyan diaspora is the biggest sender of digital remittances to mobile accounts.
In support of Ghana’s Vision 2020 goals, Mastercard has committed its support to helping the country to develop a cashless economy, in furtherance of its push to be an economic powerhouse in Africa.
Online company OLX has hired former Jumia Human Resource Manager Mary Wanyeri to head its HR department.
The number of commercial banks approved by the Central Bank of Kenya to operate interbank mobile money transfer platform, PesaLink, has doubled to 24 from 12.
[South Africa] Telkom and Business Connexion launch BCX, Africa’s premier end-to-end ICT solutions provider
Organisations that do not embrace digitalisation and transform accordingly, run the risk of becoming redundant to their customers. In light of this, Telkom and Business Connexion have announced the launch of BCX, Africa’s premier end-to-end information communication technology (ICT) solutions provider.
The Middle East and Africa (MEA) tablet market declined 24.2% year on year in the final quarter of 2016 to total 3.07 million units, according to the latest figures announced by International Data Corporation (IDC).
The Direct Pay Online Group, (DPO Group), East African online payment service provider announced today that it is acquiring 100% of the equity in Virtual Card Service (“VCS”) in Botswana and Namibia. This will be closely followed by the acquisition of 100% of VCS business in South Africa.
Sage the market and technology leader for integrated accounting, payroll & HR, and payment systems, today announced new products and features that will take Africa and Middle East’s business builders and entrepreneurs closer to a world where admin is invisible. It made the announcements at Sage Summit Tour in Johannesburg South Africa.
For the South African market to reach the critical mass that will drive the mainstream adoption of mobile payments, consumers need a system they can trust.
ICT professionals admit that 2016 was a tough year, but those who are positioned at the edge of technology trends application are confident the tide is about to turn.
Kenyans moved a record 33 billion U.S. dollars on mobile money in 2016, up from 27.8 billion dollars from the previous year, the latest data from Central Bank of Kenya showed Monday.
QNB Al-Ahli Bank has announced plans to roll out mVISA service in cooperation with the global payments technology company Visa becoming the first bank in Egypt to introduce the service.
Leading Mobile brand Fero has unveiled its latest smart phone device Fero Iris in the Kenyan market. Fero Iris comes with a unique security feature that allows users to unlock their screens using their eyes.
International express services provider, DHL Express, has published research highlighting the significant growth opportunity for retailers and manufacturers with an international online product offering.
Integrated accounting and payment systems company Sage has launched $1 million Sage Foundation’s Enterprise Fund which is open to non-profits in Africa with enterprising ideas to help improve the lives of military veterans, young people or women and girls.
The most popular Forex trading platform in the market is MetaTrader 4 (MT4), a downloadable application that is easy to use and offers a multitude of features including automated trading through Expert Advisors (EAs)
DHL Express, the world’s leading international express services provider, has announced the launch of On Demand Delivery for the Sub Saharan Africa (SSA) region.
Nigerian contemporary lifestyle retail group The Style Group, is leapfrogging the brick-and-mortar sales of fashion, accessories and design services and instead focuses on offering them via modern social media commerce.
Telecommunication company Airtel, has partnered with premier digital foodstuff marketing and distribution company, Jaarno to offer Airtel’s high value customers the convenience of shopping for locally grown food items online at a discount.
Adidas in partnership with its official retail partner in Ghana, Nutmeg limited, announced the launch of an e-commerce platform to encourage online shopping of its products in Ghana.
Kayode Olusola Lawal is CEO of Associate Box, a digital marketplace for African techies. Africabizz interviews him:
The Central Bank of Kenya (CBK) has given six banks the green light to launch a mobile money transfer platform, heralding a new dawn in the highly competitive and lucrative financial services market segment.
Online retailer Jumia Kenya has announced that 80 percent of the products on their platform are from accredited small businesses.
MicroSave and The MasterCard Foundation collaborate to Advance Digital Finance Services in Francophone Africa
MicroSave, in partnership with The MasterCard Foundation, today launched a new program to develop tailored training courses in digital financial services (DFS) in francophone markets of Africa.