HPS, a multinational company and provider of electronic payment solutions has increased its presence within Africa with a new office in Johannesburg, South Africa.
Sky.Garden partners with Interswitch to launch Instant mobile money seller payment options for its vendors
eCommerce company Sky.Garden has made groundbreaking implementations to its payments module to ensure real-time payments to their sellers after signing a deal with digital payments firm Interswitch.
The value of mobile commerce transactions in Kenya has passed the Ksh1 trillion ($10 billion) mark for the first time.
Konga, Nigerian online mall and Yudala, African composite e-commerce company have officially announced a merger of their operations which will see them effectively become the biggest organized retail and e-commerce/marketplace outfit on the African continent.
Tigo Tanzania’s mobile financial services business, Tigo Pesa, has received the GSMA Mobile Money Certification, recognizing Tigo’s ability to deliver safe, transparent, reliable and more resilient services that promote consumer rights and prevent malicious transactions.
Global digital money transfer service WorldRemit has joined forces with Diamond Trust Bank Kenya Limited (DTB) to further expand money transfer in the region.
In a further move to optimize its service offering, DPO Group, Direct Pay Online, will be rolling up its Southern African payment service providers (PSP’s) group into the consolidated brand of DPO PayGate.
Lebara and WorldRemit, two leading brands serving international residents, have entered into a strategic partnership making WorldRemit the exclusive global money transfer partner of Lebara.
The Ecobank Mobile App, a single, unified financial services application across 33 African countries, has processed 9 million transactions worth over $1 billion since launch less than 18 months ago.
Zoto, a product of Hedonmark Management Services Limited and Nigeria’s growing payment solution, today announces that its transacting user base and order volume grew by 56% and 200% respectively in the last financial year.
Safaricom, PayPal and TransferTo have announced a collaboration on a new service that will allow movement of funds between M-PESA and PayPal accounts, a huge boost to international eCommerce.
Online retail sales in Africa accounted for less than one per cent of the global total last year, even though some nations have already undergone a rapid growth period.
Tola Mobile has positioned itself as a one stop shop for merchants to connect with different types of mobile wallets, offering an easy process to take payments from across several markets and industries.
Mall for Africa, the e-commerce and m-commerce platform, announced today the launch of its affiliate program. Those who refer traffic to the Mall for Africa website will receive an affiliate fee every time one of their readers makes a purchase.
Peter-John Woest is Sales Manager in the South African eCommerce site, CAD4Africa, a provider of design technology that is now expanding into Nigeria and Kenya.
[Column] Vahid Monadjem: Mobile money partnerships present an opportunity for banks in emerging markets
Over the past decade, mobile money adoption has skyrocketed - a phenomenon that has primarily been driven by growth in sub-Saharan Africa.
SimbaPay, a London based digital money transfer provider, has launched an Artificial Intelligence powered chatbot service which now makes International Money Transfer remittance possible with only an SMS.
CAD4Africa is South Africa's largest CAD (Computer Aided Design) software eCommerce site that is disrupting traditonal reseller model in CAD industry.
BitPesa, a cryptocurrency based money transfer platform in Africa has redefined buying and selling of frontier currencies in the continent.
The Ghanaian Government has disclosed that it will roll out the mobile money interoperability system in May this year.
With developing technology that has promoted reliable and stable internet connectivity among east African countries, students from the region can now take their courses in the comfort of their homes.
An e-commerce platform has been linking African manufacturers with Chinese customers, and vice versa, for the past few years.
Loyalbonus a leading e-commerce company in Nigeria, has launched a loyalty reward bonus to both new and existing customers of the company’s marketplace.
A recent report on the Nigerian Mobile Sector by Africa’s leading e-commerce company Jumia, has revealed an 11% increase in the number of Nigerians who visited the Jumia Website via their mobile phones, 79% in 2017 versus 71% in 2016.
Zensar, a digital solutions and technology services company has announced an extension of its managed partner relationship with Microsoft in South Africa.
Cross border e-commerce continues to provide significant growth opportunities for retailers and manufacturers with an international online product offering.
At last there is a specialist money transfer app guide specifically designed for Africa and the Middle East. The app guide has been created by German born Jens Ischebeck.
Mastercard has completed its acquisition of mobile payments technology company Oltio from Standard Bank Group.
[Column] Gilbert Saggia: The future of postal services - digital transformation driving new business models
From the time the first state-run courier was established by Roman Emperor Augustus in the first century AD, global postal services have slowly evolved: the first postage stamps, for example, were only issued in 1840.
With over 40 million mobile users in Tanzania, there is a real opportunity to use technology to financially connect those not yet included.
Simple and secure ways to complete transactions directly through a mobile device have become increasingly popular over the last three years globally for all users.
Zoto, a Nigerian technology company has been leveraging Nigeria’s ICT boom to provide quick and seamless payment facility.
Mastercard and M-KOPA have entered into a partnership that will provide Africans living without electricity a simple way to light up their homes and businesses.
mSurvey, the mobile-first consumer experience platform, is expanding into Nigeria. The move comes as the Kenya-based company seeks to consolidate its position as Africa's leading technology-powered customer loyalty platform.
In a dual development set to transform Africa’s access to China as well as simplify the ability of Chinese to transact in Africa, Standard Bank has signed an agreement with UnionPay International to accept UnionPay cards in multiple African markets.
Jara Mobile Limited, a Nigerian startup, runs an innovative bills payment platform that integrates various retailers into one loyalty programme, giving customers the leeway of doing more with less money.
FarEye, a digital logistics platform has unveiled a new parcel shop technology dubbed 'Drop&Pick'.
Fintech is boosting financial inclusion across Africa, according to Ecobank, independent pan-African banking group, a pioneer in Africa’s digital transformation.
The annual Mastercard Love Index indicates that Kenyans are turning to online retail outlets to purchase their Valentines gifts, with a 183 percent increase in the number of e-commerce transactions taking place from 2015 to 2017.
BitPesa, the first and largest blockchain payments platform for Africa and Europe has acquired TransferZero, an international, online money transfer platform.
Jens Ischebeck is an expert in fintech service providers in Africa, both global and regional. His website, www.apps-for-money-transfer.com, is designed to assist anyone living or operating in the African and Middle Eastern regions to send and receive money in the most quick, efficient, and cost-efficient manner possible.
A specialist money transfer app guide has been launched that is specifically designed for Africa and the Middle East.
International money transfers to Africa are rising. There are good reasons for that. With the choice of the right online money transfer provider you can save yourself a high amount of remittance fees.
Global e-commerce and m-commerce giant, Mall for the Africa, has announced its expansion into 11 new countries in Africa.
The amount of money mobilized outside the banking system through mobile money reached record GH¢2.3 billion ending December 2017, according to data from the Bank of Ghana.
Freelancing has found a new name in the digital era. A ‘Gig’ is simply a task performed as a once-off freelancing job, but because the trend towards freelancing has grown so significantly, a new economy has been born: the ‘Gig Economy’.
Jorij Abraham is an eCommerce generalist with more than 15 years experience in integrating marketing, business processes and information technology to build online turnover. He is currently the Managing Director of Ecommerce Foundation, a global digital trading entity that is now welcoming partnerships in Africa.
Sky and Space signs $30 million contract with BeepTool to avail affordable mobile payment services to key African markets
Satellite company Sky and Space Global Ltd has signed a 5-year binding agreement with Nigerian mobile payments start-up BeepTool Communications & Integrated Services Ltd.
A new tax of 0.5 percent has been introduced on money transfers made through telephone companies in Cote d’Ivoire or their intermediaries, and relates particularly to remittances, according to the 2018 Tax Schedule.
Fintech continues to surprise with little to touch the rise of bitcoin and cryptocurrencies in 2017. This will continue in 2018 and I make some predictions based on what we see happening globally and what we see taking place with our members at AlphaCode.
Nigerians carried out N1.41tn worth of transactions on the Point of Sales terminals across the country in 2017.
Sandhills South Africa is set to open an office location in Johannesburg. The company distributes MarketBook South Africa—a print publication and online marketplace.
EFG Hermes, the financial services corporation in the Middle East and North Africa, has announced the launch of its state-of-the-art Fintech solution under the brand name ‘valU’, offering Egyptian consumers payment-on-installment programs.
A total volume of 213,693,964 transactions valued at N19.33 trillion was recorded in the third quarter (Q3) of 2017 as data on Electronic Payment Channels in the Nigeria Banking Sector revealed.
Contributing to the growth of the e-commerce sector in Egypt, Mastercard, a ltechnology company in the global payments industry, has launched its global digital payment service Masterpass in Egypt.
Teraco, Africa’s largest and only vendor-neutral colocation data centre, today announced the availability of Amazon Web Services (AWS) Direct Connect through Teraco’s Johannesburg JB1 and Cape Town CT1 data centres.
[South Africa] Low card acceptance at informal enterprises despite high consumer demand, Mastercard research
More than 51 percent of South Africa’s informal enterprises have encountered strong customer interest in paying by card, yet around 90 percent of them continue to run as cash-only businesses.
Businesses in Nigeria can securely request and receive payments directly from their customers without any hassles using PayU’s innovative and secure product called PayU Receive.
Digital money transfer service WorldRemit has raised $40 million to drive its next phase of global growth, including an expansion of its Egypt operation.
Opera, the Norwegian developer of Opera Mini, the most popular mobile browser app in Africa, has integrated a new web payment platform in Kenya called OPay.
Digital money transfer service WorldRemit has raised $40m to drive its next phase of global growth, aiming to serve 10 million customers connected to emerging markets. Half of these customers will be in Africa.
Mobile money use in Kenya dropped in the third quarter of the year by 2 percent, the time when the country was in an electioneering period.
Market Sub-Saharan Africa (SSA) is witnessing a surge migration within the region and to other parts of the world such as North America and Europe.
Ringier Africa and One Africa Media (OAM) have consummated the merger to become ROAM (Ringier One Africa Media), the leading classifieds group in Sub-Saharan Africa.
Puma Energy selects WEX IFCS and OTI PetroSmart’s Easy Fuel Plus solution to drive B2B growth in Africa
WEX Inc a global provider of corporate payment solutions, and OTI PetroSmart, a wholly owned subsidiary of OTI have been selected by Puma Energy to support its on-road B2B fueling offer.
Alibaba Business School and UNCTAD launch eFounders initiative with African entrepreneurs as pioneers
Alibaba Business School and the United Nations Conference on Trade and Development (UNCTAD) brought together 24 Africa-based entrepreneurs to participate in the inaugural eFounders Initiative.
Safaricom has launched its e-commerce portal, Masoko. Masoko. Swahili for ‘markets’. aims to leverage the mobile phone to provide local merchants with unlimited potential to sell their products and services via an online platform
Online shopping firm, Jumia Uganda has partnered with Barclays to introduce the card-on-delivery payment option for customers in Kampala.
Members of RENEW’s Impact Angel Network have committed capital to Roadrunner Technology Solutions which will partner with Universal Courier Services to expand the burgeoning logistics and e-commerce industries in Ethiopia.
Comments from the International Monetary Fund (IMF) around Nigeria’s low tax-to-GDP ratio highlight the importance of driving higher levels of payroll and accounting automation among the country’s businesses.
Mastercard has partnered South African fintech company Yoco to roll out 15,000 mobile Point of Sale (mPOS) devices to small and medium-sized businesses by the end of the year.
INTTRA, the ocean container shipping industry’s neutral network, and Transmar Corporation, a wholly-owned subsidiary of IACC Holdings and a leading carrier, have announced a new relationship for electronic booking and shipping instructions processing in East Coast of Africa.
Mobile payments in August posted the largest month-on-month drop this year, coming after intensive political campaigns in July.
Despite Nigeria’s retail sector being dominated by independent formats like Open Markets and Kiosks in terms of absolute store numbers, modern trade formats like Supermarkets and Hypermarkets are stepping up to fulfil the needs of consumers.
Vivo Energy Ghana, the exclusive licensee of Shell branded products has launched onto the Ghanaian market, a new App for motorists with extensive features in the oil marketing industry.
World’s international express services provider DHL Express has announced its partnership with MallforAfrica, the global e-commerce company, which will facilitate selling of made-in-Africa products to customers in the United States.
Statesduka.com is the first budget online shopping and shipping website serving Kenya, Tanzania, Uganda, Rwanda, Burundi and South Sudan.
Jumia has introduced Jumia Bot, Nigeria’s first e-commerce Bot. Using Jumia Bot, shoppers can order food, find fashion or electronic items and book hotels and flights by simply having an online conversation with the bot.
More than half the money sent through mobile phones between April and June this year went to paying for goods and services, fresh official data have shown.
Uber and Visa have announced a strategic agreement that aims to grow digital commerce across Africa. Under the agreement, Visa will work with its financial institution partners to set up their debit and credit portfolios for eCommerce.
Ecobank has partnered with Visa to launch Ecobank Scan+Pay with mVisa solutions to their consumers.
The number of credit cards of banks operating in the Egyptian market increased to about 5.858 million cards by the end of June 2017 compared to 3.859 million cards in December 2016.
Silicon Valley tech entrepreneur, Paul Owusu, moved to Ghana and partnered with tech entrepreneur Kojo Sarpong to form Logique, tech accelerator and parent company to tech products Stack, SmartLobby and Coast.
Wafacash and WorldRemit expand partnership to offer instant money transfers across West and Central Africa
Morocco-based financial services company Wafacash is scaling up operations with leading digital money transfer service WorldRemit to offer instant money transfers across West and Central Africa.
Momentum for digital payments in Ghana could save country over $230 million within next four years, UN report
Ghana’s Ministry of Finance and the UN-based Better Than Cash Alliance released a report documenting the country’s progress in creating an economy where everyone can pay and get paid digitally, instead of cash.
RedCloud partners with KongaPay to give 190 million Nigerians access to distributed banking services
RedCloud Technologies, the world's first open banking platform has partnered with Nigeria's KongaPay; the payment system which aims to facilitate the initiation and completion of transactions in a seamless manner.
Oracle NetSuite, a provider of cloud-based financials / ERP, HR, Professional Services Automation (PSA) and omnichannel commerce software suites has expanded business operations in South Africa.
QNET, a company of Asian heritage and a part of the $200 billion global direct selling industry has entered the buoyant direct selling sector in Eastern Africa.
As more financial service providers adopt machine-to-machine (M2M) solutions, it is becoming ever more apparent that these solutions are vital to economic inclusivity and innovation on the African continent.
Allied Exchange Africa has launched its novel digital payment platform, ALEXpay to overcome the lack of cross-network fund transfer and interoperability which currently inhibits the potential of mobile money services in Ghana.
Branch, a Facebook-linked mobile phone lending app, has raised Sh200 million by issuing a commercial paper. The Silicon Valley startup will use the funds to grow its loan book.
Moneytrans, a fintech company serving migrants has launched a smart and convenient mobile application that can send money in minutes, in and out of Africa, to one of its 250,000 points.
TerraPay secures regulatory approval from South African Reserve Bank to launch cross border money transfers
TerraPay, the world's first mobile payments switch, announced today that it has successfully obtained regulatory approval from South African Reserve Bank to launch cross-border money transfer services in South Africa.
Tourists in South Africa will have more opportunities to pay via smartphone as Alipay, online and mobile payment platform operated by Ant Financial Services Group, partners with Zapper.
BitPesa, the first and largest blockchain payments platform for Africa, with offices in Nairobi, Lagos, and London, has announced Greycroft as its lead investor in a follow-up to its Series A funding round.
Transnet National Ports Authority’s new, fully integrated ecommerce platform has gone live
South Africa's top online portal Snupit has launched its mobile app. Used by over 2 million people every month, Snupit connects users to 350,000 local pros and businesses
Paul Langlois-Meurinne is the co-founder and CEO of Optimetriks, a company that has developed an innovative data collection crowdsourcing platform to help Fast Moving Consumer Good companies and institutions monitor their distribution in Africa at outlet levels.
TerraPay and Instant Cash have partnered to enable real-time cross border money transfers to mobile wallets, making possible cross-border money transfer to all major mobile wallets in Tanzania, Uganda and all mobile numbers in Nigeria.
United Bank for Africa Zambia (UBA) has launched the first Mastercard debit card in Zambia to financially empower its citizens.