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.
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.
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.
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.
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.
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.
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.
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.
eBay Inc.,a global commerce leader, and Mall for Africa, Africa’s global e-commerce and m-commerce platform, have announced a strategic partnership that further boosts the sale of handmade African products into the United States.
With aspirations of becoming an African economic powerhouse, Ghana is partnering with organisations such as Mastercard to smartly integrate technology into all aspects of the economy – building for the future, a cashless Ghana.
On the basis of its high business environment opportunity potential, Nigeria is in pole position to take advantage of the Africa region’s e-commerce potential projected to reach $50 – $75 billion within the next 5-10 years.
Youtap, a global provider of contactless mobile payments and financial services software, has launched a QR code solution and smartphone apps for mobile money services in Africa and Asia.
Direct Pay Online Group (DPO) has announced the acquisition of Virtual Card Services (VCS) South Africa.
Axel Peyriere is co-founder of the number one car classifieds websites in Africa, the AfricarGroup, which covers 22 countries and translated into 10 local dialects of the continent. His interview with Africa Business Communities:
The Ghana Interbank Payment and Settlement Systems (GhIPSS) has disclosed to Citi Business News it has advanced processes of meeting the November deadline for mobile money interoperability.
Digital money transfer service WorldRemit and the National Bank of Kenya have launched a major partnership to enable Kenyans living abroad to make instant transfers home.
TerraPay, the world's first mobile payments switch has successfully obtained an approval from Bank of Uganda to facilitate International money transfers to mobile wallets in the country.
Innovation in sophisticated South African fintech payments landscape - Dominique Collett, head of AlphaCode
In 2016 $5.5bn of venture capital investment went into payments startups. This represented 22% of global fintech investment activity. In South Africa, payments still dominate the fintech landscape.
The Commonwealth is helping Cameroon explore ways to increase the benefits of e-commerce and digital trade as a tool for achieving its national development plan.
Mobile-based lender Branch has disbursed a cumulative Sh3.63 billion ($35 million) loans in Kenya where virtual lending is growing in popularity.
Belfrics Global, a Malaysia based bitcoin technology provider has launched its Bitcoin Exchange in Kenya to allow traders and Bitcoin users to trade at a much lower cost.
Since repatriating to Ghana, Silicon Valley tech entrepreneur, Paul Owusu partnered with tech entrepreneur Kojo Sarpong to form LOGIQUE, tech accelerator and parent company to tech products Stack, SmartLobby and Coast.
Senegalese based digital solutions company Wari has joined the US‑Africa Business Center initiated by the US Chamber Of Commerce. Wari's CEO and founder, Kabirou Mbodje, will also sit on the Center's Board of Directors.
United Bank for Africa (UBA) has announced the rollout of two Mastercard electronic payment solutions in order to deliver cashless solutions to all Kenyan’s.
Total and Worldline partner with African Fintech InTouch to support deployment of Guichet Unique solutions in eight African countries
Total and Worldline have signed binding technological, commercial and financing agreements with African fintech InTouch.
United Bank for Africa (UBA) has announced the rollout of the Debit Mastercard card in Gabon to financially support its citizens.
[Kenya] M-Shule receives cash investment from Engineers without Borders Canada to scale education by SMS
Engineers Without Borders Canada has announced its investment in M-Shule, a Kenyan-based EdTech company using SMS to deploy tailored education content for children in Sub-Saharan Africa.
Lola Ekugo runs an online business that connects travelers and people in Nigeria who want to buy items abroad or transport documents from abroad.
United Bank for Africa (UBA) has announced the rollout of the Debit Mastercard card in Uganda to financially support its citizens.
Small is beautiful, small is powerful”. This is the creed embedded in the foundation of a global e-commerce giant: Alibaba.
Josh Okpata has built a unique business in Nigeria and Kenya, the first of its kind in Africa that allows peer to peer leasing for businesses and individuals.
Sub-Saharan Africa accounts for more than half of all mobile money deployments worldwide and is pioneering a range of new mobile money use cases, according to new GSMA data.
Xpress Money and TerraPay partner to enable real time international money transfers to mobile wallets in Africa
Xpress Money, one of the world's most dependable money transfer brands has partnered with TerraPay, the world's first mobile payments switch, to enable real-time international money transfers to mobile wallets in Africa.
Huawei partners with WorldRemit to accelerate growth of low cost mobile-to-mobile money transfers to Africa
Leading digital money transfer service WorldRemit and Huawei have announced a partnership making WorldRemit’s international money transfer service available to all partners of Huawei’s mobile money service platform across Africa.
Telecoms operator Safaricom’s mobile money agents will soon start using photos to identify those withdrawing or depositing money on the popular M-Pesa platform in a new push to curb fraud.
Zapper has partnered with Alipay, a mobile and online payments platform to give active Alipay users from around the world who visit South Africa the opportunity to pay at more Zapper-affiliated merchants with Alipay.
Visa and Direct Pay Online Group have announced that they are enabling 20,000 more merchants to accept mVisa payments, facilitating mobile commerce in Kenya.
Diamond Trust Bank Kenya (DTB) and Mastercard have announced their partnership to roll-out the DTB Masterpass QR app in Kenya, a mobile payment solution that will enable millions of businesses to accept fast and secure digital payments from consumers.
A high demand for South African products by people in his native country of DR Congo on perceived quality, was the spark that inspired Mike Bondo to start an online shop dubbed McShop connecting buyers to local and international brands
The South African financial technology company that brought card-payment systems to smaller businesses in 2008 has just announced a new integrated payment solution that will benefit franchise store owners and larger independent retailers.
Business1.com is the base of the international business-to-business 1.com-websites. Africa Business Communities is meeting with founder Marc Gellings.
Sage, the market and technology leader for integrated accounting, payroll & HR and payment systems, has announced that Sage One Payroll and Sage One Invoicing is available in Nigeria.
Increased use of plastic money in transacting propelled the value of transactions through point of sale terminals beyond $1 billion in the four months to April 2017.
Youtap, a global provider of contactless mobile payments and financial services software, is offering its new X8 'micro' point of sale device as a packaged solution for mobile money and payment service providers.
Safaricom has partnered with mSurvey to launch Consumer Wallet, a versatile mobile platform that quantifies offline consumer spending habits and trends.
Kifiya works with Mastercard to launch first international remit to pay service in the Ethiopian market
Mastercard and digital service provider Kifiya have partnered to introduce a simple, secure and convenient digital solution that will allow citizens to pay for all bills in one location in Ethiopia.
RwandAir, the national carrier of the Republic of Rwanda has enabled Maestro, Discover, Diners and JCB credit cards for online tickets payments.
Epicor Software Corporation, a global provider of industry specific software has signed an international channel distribution deal to accelerate business growth and meet demand across Africa.
ACI Worldwide and Alipay have announced that they are launching Alipay in South Africa, via leading regional payment service provider Peach Payments.