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Nigeria and Togo to require for biometric digital ID on loan schemes

News | Digital Identity, Security & Online Fraud | 12 Feb 2024

Nigeria and Togo have announced the decision to require their biometric digital ID systems in the process of managing government loan schemes. 

identity verification, biometrics, biometric authentication, identity theft, digital identity, fraud management, fraud detection, online fraud, financial inclusion

Koree startup secures USD 200.000 pre-seed funding

News | Payments General | 04 Jan 2024

Cameroon-based fintech startup, Koree, which enables customers to save their spare change on their cards, has secured a pre-seed funding round of USD 200.000. 

investment, funding, digital wallet, payments , cash management

STICPAY forms new local payment partnerships

News | Payments General | 07 Sep 2023

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

Tempo France, Nairagram to launch remittances to Africa

News | Online Payments | 07 Feb 2023

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

Digitalisation of identity as a channel to financial inclusion

Voice of the Industry | Online & Mobile Banking | 09 May 2022

When identity becomes 'digital first', opportunities arise. Jaume Dubois, CEO of ID30, discusses the many facets of digital identity and how digitalization can help create financial inclusion

financial inclusion, digitalisation, mobile money, mobile banking, identity verification, digital identity

Vista Bank selects Radar Payments to drive its payment processing activities in West Africa

News | Online Payments | 10 May 2021

Vista Bank Group (Vista) has selected Radar Payments to drive its global payment processing activities in West Africa.

Vista Bank, Radar Payments, banks, retail, mobile banking, e-wallet

ITFC conducts first transaction with Bolero

News | E-invoicing, SCF & E-procurement | 15 Apr 2021

The International Islamic Trade Finance Corporation (ITFC) has facilitated its first transaction with trade finance digitisation provider Bolero, according to gtreview.com.

trade finance, banks

Huobi supports UK-based Koinal for crypto purchase

News | Cryptocurrencies | 09 Nov 2020

UK-based cryptocurrency firm Koinal has reached an agreement with Huobi to integrate its checkout system.

Koinal, Huobi, cryptocurrency, crypto exchange, Bitcoin, crypto wallet, partnership, debit card

DHL expands Africa eShop online retail app to new countries

News | Ecommerce | 09 Sep 2019

DHL has expanded its DHL Africa eShop business to 13 new markets, upping the presence of the global shipping company’s ecommerce platform to 34 African countries.

DHL, Africa, eShop, online retail, ecommerce, DHL Africa eShop, payment method

Afreximbank supports intra-regional trade with USD 25 bln

News | E-invoicing, SCF & E-procurement | 24 Jun 2019

African Export-Import Bank has disbursed USD 8 bln out of the USD 25 bln it planned on a revolving basis to support intra-regional trade between 2017 and 2021.

Afreximbank, African Export-Import Bank, trade finance, trade finance credit facility, trade finance platform, Africa, South Africa, Gabon, Cote dIvoire, Nigeria, Malawi, Togo, Kenya, intra-regional trade

WaystoCap startup expands into local sales, opens offices in West Africa

News | Ecommerce | 19 Dec 2018

Morocco-based cross-border B2B ecommerce marketplace WaystoCap has expanded into logistics and local sales, and has opened two offices in West Africa.

WaystoCap, Morocco, cross-border, B2B, ecommerce, marketplace, Africa, startup

ITFC launches new funding scheme for West African SMEs

News | E-invoicing, SCF & E-procurement | 10 Oct 2018

The International Islamic Trade Finance Corporation (ITFC) has announced two initiatives aimed at deepening economic growth across the West African sub-region.

International Islamic Trade Finance Corporation, SMEs, banks, finance, trade finance, West Africa

Société Générale introduces mobile money service to Africa

News | Mobile Payments | 19 Sep 2017

Société Générale has announced is introducing a mobile money service in Africa with the goal of having 1 million accounts in the next three years.

Société Générale, mobile money service, Africa, mobile payments, M-Pesa, Yup

Senegal rolls out digital currency accepted by MPesa

News | Cryptocurrencies | 18 Jan 2017

Senegal, in West Africa, has announced plans to use a digital currency in 2017 that will be circulated alongside paper money as legal tender.

Mpesa, cryptocurrency, digital currency, Senegal, Africa, eCFA, eCurrency Mint

Senegal gets busy with blockchain-enabled national digital currency

News | Cryptocurrencies | 28 Dec 2016

Senegal will begin circulating the eCFA, a digital currency based on blockchain technology.

West Africa, Senegal, blockchain, digital currency, bank, Banque Régionale de Marchés, eCurrency Mint, fintech

Orabank group rolls out Sopra Banking Amplitude in 12 countries

News | E-invoicing, SCF & E-procurement | 15 Dec 2016

Oragroup has announced the completion of its IT system overhaul and standardisation programme, in partnership with Sopra Banking Software.

Orabank, Sopra Banking Software, Sopra Banking Amplitude, banking, digital

WorldRemit, GTBank launch money transfer routes to West, Central Africa

News | Online Payments | 13 Dec 2016

WorldRemit, a digital money transfer company, and Guaranty Trust Bank (GTBank), an African financial institution, have launched new money transfer routes to West and Central Africa.

WorldRemit, GTBank, money transfer, routes, West, Central Africa, digital, financial institution

Ecobank, MasterCard sign deal to roll out mobile payments in 33 African countries

News | Mobile Payments | 24 Oct 2016

Pan-African banking group Ecobank has signed a memorandum of understanding (MoU) with MasterCard to roll out Masterpass QR mobile payments across 33 African countries.

EcoBank, MasterCard, mobile payments, Africa, memorandum, QR code, Nigeria, MasterPass

Attijariwafa Bank updates payment system through HPS

News | Online Payments | 08 Jul 2015

Pan-African banking group Attijariwafa is rolling out a new electronic payment platform across all of its subsidiaries.

Attijariwafa Bank, updates, payment system, online payments, cards, banking sector, online banking, fintech, partnership

Ecobank, MasterCard close sub-Saharan Africa agreement

News | Cards | 16 Jun 2015

Pan-African banking group Ecobank Transnational has signed a multi-country agreement with MasterCard to bring MasterCard’s payment solutions to over 32 sub-Saharan African markets.

EcoBank, MasterCard, sub-Saharan Africa agreement, debit cards, credit cards, payment cards, payment solutions