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US-based fintech LemFi has received regulatory approval from the Central Bank of Kenya (CBK) to operate remittances in Kenya.
remittance, mobile payments, digital wallet, FX , money transfer
The Paypers looked into the most relevant partnerships announced during Q4 2023 within the banking and fintech space, discovering preferences that went from Open Banking technologies and their applications in ecommerce, card payment innovations, as well as an overall focus on financial crime, fraud prevention, crypto, Web3, and CBDC developments.
partnership, Open Banking, banking, fintech, fraud management, cryptocurrency, crypto, The Paypers Quarterly Analysis series
Banco do Brasil has partnered with Germany-based Giesecke+Devrient in a bid to make offline payments with digital money a reality in Brazil.
partnership, payments , online security, financial inclusion
The Pan African Payment and Settlement System (PAPSS) has received Banque Centrale de Tunisie (BCT) into its network.
central bank, partnership, expansion, payments , cross-border payments
Deloitte Africa explores how Africa's financial sector navigates Open Banking's rise, leveraging tech partnerships, overcoming regulatory gaps, and ensuring data security for inclusive, innovative finance.
Open Banking, Open Finance, regulation, report, fintech, banks
Central Banking Infrastructure company, EMTECH, has delivered a 12-week CBDC Hackathon as a pilot for the Bank of Ghana.
crypto, digital currency, web3, banking, CBDC
Global B2B payment infrastructure platform Thunes has announced its partnership with China Construction Bank to optimise cross-border payments in the region.
partnership, cross-border payments, cross-border ecommerce, payments , online payments, digital payments, mobile payments, ecommerce
The Central Bank of Kenya (CBK) has become a member of the Pan African Payments and Settlement System (PAPSS).
central bank, settlement, banks, FX
Sendwave has offered Kenyans living in the US a new banking product that allows them to earn interest and pay reduced fees on international remittances.
remittance, money transfer, mobile payments, product launch, banking, mobile banking
Kenya-based Kotani Pay has received USD 2 million to simplify cross-border remittances in Africa with blockchain and stablecoins.
cryptocurrency, financial inclusion, cross-border payments, unbanked, funding
The Pan-African Payment and Settlement System (PAPSS) has signed Memorandums of Understanding with five African multinational commercial banking groups.
partnership, banks, settlement, payments
India-based Airtel partners with Mastercard to enable mobile customers to transfer funds across Africa.
digital payments, ecommerce, payments , money transfer
Athu Karume, eCurrency’s President of Africa Markets, presents the benefits of a CBDC implementation that integrates into the existing mobile money services and systems.
CBDC, mobile money, payment methods, cross-border payments, tokenization
The Bank of Ghana has conceived the Financial Industry Command Security Operations Centre (FISOC) to improve cybersecurity resilience in the country.
central bank, cybersecurity, fraud prevention, banks, cybercrime
The Central Bank of Kenya has upgraded its Kenya Electronic Payment and Settlement System (KEPSS) by migrating the platform to new standards.
payments , central bank, banks, product upgrade, digital payments
The International Monetary Fund (IMF) has proposed an increase in regulation and better consumer protection in Africa’s cryptocurrency market.
regulation, cryptocurrency, CBDC, crypto asset
Kuda, a UK-based and Nigerian-operating startup, has expanded to the UK by offering a remittance product to Nigerians in the diaspora.
digital banking, remittance, startup, expansion, fintech
David Parker, the founder and CEO of Polymath Consulting, clarifies the difference between account-to-account payments and Open Banking payments.
account-to-account payment, Open Banking payments, real-time payments, bank transfer
Umba, a Nigeria-based digital bank, has acquired a 66.6% stake in Daraja, a Kenya-based microfinance outfit, as it aims to expand its presence on the continent.
banks, acquisition, merger, digital banking, digitalisation
Mike Ogbalu III, Chief Executive Officer of PAPSS, answers all the ardent questions on the payments settlement system, from how the initiative started to what its future brings in an all-encompassing interview
instant payments, payment processing, instant settlement, cross-border payments