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Dickson Nsofor, founder and CEO of Kora Technologies, provides insights into how to break down barriers to cross-border ecommerce payments in Africa.
cross-border payments, ecommerce, fintech, payments infrastructure, API, regulation, banks
Kenya-based Equity Bank has introduced instant withdrawal capabilities from PayPal in a bid to support Kenya’s digital economy.
product upgrade, instant payments, digital payments, ecommerce
Visa has announced its partnership with Pesaflow in order to provide customers and clients in the region of Kenya with improved digital payments.
partnership, payments , digital payments, online payments, mobile payments, ecommerce, financial inclusion
UK-based financial services company Unlimit has announced its partnership with UnionPay International in order to accelerate the growth of Unimit’s BaaS platform.
partnership, banking, BaaS, online banking, digital banking, mobile banking, financial services, financial institutions
The Paypers has researched and analysed the most prolific partnerships that defined and built resilience within the payments & commerce and banking & fintech sectors in Q3 2023, from payments infrastructure, BNPL, the proliferation of Tap-to-Pay, the surge of Open Banking tech, and overall digitalisation attempts for banking and financial services.
payments , paytech, partnership, The Paypers Quarterly Analysis series, ecommerce, fintech
The government of Kenya has revealed its plans to introduce a digital identification system in December 2023 following a testing period.
identity verification, digital identity, regulation, identity fraud
US-based lending provider EDOMx has partnered with B2B SaaS fintech finbotsAI to enable credit risk management using AI.
credit scoring, lending, partnership, financial inclusion, artificial intelligence
A Kenyan legislative committee has recommended the termination of Worldcoin in the East African country.
cryptocurrency, crypto asset, cryptocurrency exchange, regulation, data protection, data privacy
The Central Bank of Kenya (CBK) has become a member of the Pan African Payments and Settlement System (PAPSS).
central bank, settlement, banks, FX
Verve has announced its partnership with financial institution Moniepoint in order to launch the Moniepoint Verve Debit Card for Nigerian clients.
partnership, product launch, mobile banking, online banking, digital banking, debit card, finan, financial services, financial institutions
UK-based global issuer-processor Paymentology has partnered with Moneythor in order to offer banks data-driven personalisation and improved engagement.
partnership, banking, online banking, digital banking, mobile banking, financial services, financial institutions, financial data
Paymentology, a global issuer-processor company, has announced its partnership with a Kenyan technology company, Boya, aiming to simplify expense management for businesses in Kenya.
partnership, online payments, spend management, fintech
UK-based financial services company Unlimit has partnered with US-based transportation platform inDrive to support the latter’s expansion in new markets.
partnership, fintech, expansion, PSP, local payment method
Global fintech company Unlimit (previously known as Unlimint) has expanded its services into the Kenyan market, after receiving a Central Bank of Kenya licence.
expansion, mobile payments, online payments, digital payments, ecommerce
Kenya-based fintech Cellulant has started a business in South Africa after testing the market and looks to wrap up fundraising for further expansion plans.
fintech, expansion, funding, ecommerce, mobile payments
African fintechs have been caught in a difficult situation, needing to shut down their virtual card service.
fintech, fraud prevention, virtual card, money laundering, online payments
A Kenyan High Court has frozen 56 bank accounts belonging to Flutterwave and other businesses connected with Nigerian nationals over money laundering allegations.
fraud management, money laundering, AML, regulation, credit card fraud
Mono, a Nigeria-based fintech that builds Open Banking infrastructure that enables access to customer financial data and bank payments for digital businesses in Africa, has expanded to Kenya as it begins its post-funding continent-wide rollout.
expansion, fintech, Open Banking, financial data, banks
World Bank Group, IFC, Equity Bank, Kenya, Africa, SMEs, loan, lending, COVID19, Kenyan businesses, trade, transport, pandemic, trade chain, value chain, foreign financing flow, tourism revenue
The Paypers interviewed Sami Louali, EVP Financial Services at Jumia Group, to learn more about the particularities of the African ecommerce ecosystem
Jumia, Sami Louali, Africa, ecommerce, marketplace, retail, merchants, cross-border ecommerce