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Mastercard has partnered with Loop, aiming to empower businesses and consumers in Saudi Arabia with access to advanced credit card offerings and innovative payment solutions.
partnership, credit access, payments , financial services, credit card
Mastercard has partnered with MTN Group Fintech to provide African people and businesses with digital tools to transact through secure mobile payments.
partnership, mobile payments, fintech, SMEs, financial inclusion
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
B2B payments infrastructure platform Thunes has announced a partnership with Access Bank to improve cross-border payments in and out of 13 African countries.
partnership, payments , cross-border payments, paytech, fintech, remittances, banking
Vanuatu has adopted VANKLIA, a new national digital payment platform to strengthen its digital economy and promote financial inclusion.
digital payments, central bank, financial inclusion, instant settlement, clearing house
UK-based digital payment provider STICPAY has partnered with nearly 40 payment providers to promote financial inclusion across Asia, Africa, and South America.
mobile payments, digital payments, money transfer, local payment method, digital wallet
African Export-Import Bank (Afreximbank) and China Development Bank have signed a USD 400 million loan to support Africa’s SMEs.
SMEs, SME lending, partnership, financial inclusion, trade finance
The African Development Fund has approved USD 8 million in funding for the West African Monetary Institute (WAMI) to establish a unique customer identification framework for The Gambia, Guinea, Liberia and Sierra Leone.
identity verification, fraud detection, fraud prevention, online banking
International money transfer company Tempo France has announced its partnership with Sift in order to fight fraud, scams, and other online threats.
partnership, fraud management, fraud detection, fraud prevention, KYC, KYB, AML
Global money transfer system Tempo France and US-based financial service company Nairagram have partnered to launch remittances from the EU to 20 countries in Africa.
remittances, cross-border payments, partnership
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
France-based banking group Société Générale has shut down its mobile payment solution Yup, which was operating in several African countries.
mobile payments, mobile money, mobile banking, financial inclusion
Kenya-based payments company Cellulant and United Bank of Africa have partnered to extend payment services for merchants across 19 African countries.
partnership, expansion, merchants, SMEs, payment gateway
African Development Bank has announced a financial package of USD 30 million dollars to the West African nation of Guinea -Bissau.
trade finance, supply chain finance, funding, COVID-19
The West African Monetary Zone (WAMZ) has launched the Pan-African Payments and Settlement System (PAPSS) on 13 January in Ghana.
product launch, instant payments, real-time payments, instant settlement, central bank
US-based IFC has invested in two trade finance facilities arranged by Société Générale for Addax Energy into several West African countries.
funding, COVID-19, supply chain finance, trade finance
Vista Bank, Radar Payments, banks, retail, mobile banking, e-wallet
payment gateway, online payments, financial institutions
First Bank, a Nigerian commercial bank, has unveiled a new cross-border payments service called First Global Transfer.
money transfer, cross-border payments, cash