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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
Safaricom has announced plans to launch M-Pesa in Ethiopia by the end of September 2023 will have it integrated with more banks.
mobile payments, product launch, expansion, financial inclusion, cashless
US-based multinational technology company Amazon has faced a lawsuit over alleged biometric tracking on the Go stores based in New York City.
regulation, compliance, biometrics, biometric authentication, digital verification, identity verification
African mobile money app, M-PESA, has signed a new strategic partnership with fintech giant Amazon, tackling global remittances market’s multi-trillion dollar surge.
money transfer, money remittance, online platform, expansion, partnership, public listing, cross-border payments, fintech, payment processing, online payments
Vodacom Tanzania has partnered with DSTV Tanzania to enable DSTV customers to access the MyDStv app within the M-Pesa app.
partnership, payments , mobile payments, super app, omnichannel, ecommerce platform, digitalisation, financial inclusion
South Africa-based payment gateway startup Ozow has raised a successful Series B investment round with China-based fintech Tencent being the main investor.
investment, startup, payment gateway, fintech, payment processing, expansion, mobile payments
South Africa-based VodaPay, Vodacom Financial and Digital Services' super app, has launched digital shopping, lifestyle, and financial platform for both consumers and businesses.
product launch, super app, ecommerce, e-wallet
Vodacom Tanzania has announced it now allows for direct money transfers from M-Pesa to bank accounts in the East African countries of Kenya, Uganda, Burundi and Rwanda and other mobile wallets.
product launch, online payments, cashless
product launch, super app, e-wallet, mobile payments
biometrics, biometric authentication, digital identity, identity verification
Nium, a global payments platform, has announced that its clients are able to send funds to their business partners located in Ghana, Kenya, South Africa, and Tanzania.
mobile money, money transfer, remittances, e-wallet
Vodacom Tanzania has announced the opening of its M-Pesa API in a move set to entice local and international developers into creating new use cases for the mobile payments service.
Vodacom Tanzania, M-Pesa, API, mobile transactions, cashless payments
Mobile operator Vodacom has announced it will aggregate different merchants and service providers such as Alipay so that users can do all their business online.
Alipay, China, Vodacom, ecommerce, WeChat, competition commission, Telecom, telco, Asia, APAC
Vodacom M-Pesa, a Tanzania-based mobile money service provider, has announced the expansion of its International Money Transfer service portfolio.
Vodacom M-Pesa, Tanzania, mobile payments, mobile money, Africa, remittances, Bank of Tanzania
Vodafone, M-Pesa, Safaricom, Vodacom, mobile network, transactions , Kenya, mobile money, loans, banks, merchant, payments
Rick Groothuizen of ClickPesa outlines the status of financial digitalization in East Africa and the progress that has been made in this emerging market
Africa, emerging market, mobile money, financial inclusion, SMEs, ClickPesa, mobile wallets
Safaricom has announced that it will start a joint venture with Vodacom to acquire the intellectual property rights to M-Pesa mobile financial services platform from Vodafone.
Safaricom, Vodacom, M-Pesa, Africa, mobile payments
Mastercard has teamed up with Vodacom to introduce the first online card in Tanzania, the M-Pesa virtual card.
MasterCard, Vodacom, partnership, online card, Tanzania, M-Pesa, virtual card, mobile wallet, cards
Xpress Money and Huawei have partnered for mobile money services for Africa’s unbanked population.
Huawei, Xpress Money, mobile payments, Africa, remittance
TerraPay and Instant Cash have teamed up to enable real-time cross border money transfers to mobile wallets in Tanzania, Uganda and Nigeria.
TerraPay, Instant Cash, cross-border money transfers, mobile wallets, Africa, Vodacom M-Pesa, Tigo Pesa, Airtel Money