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India-based Airtel partners with Mastercard to enable mobile customers to transfer funds across Africa.
digital payments, ecommerce, payments , money transfer
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
The Pan-African Payment and Settlement System (PAPSS) has announced its certification of ISO27701:2019, an international standard for Privacy Information Management System.
regulation, certification, cross-border payments, payments infrastructure
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
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
Revolugroup Canada, RevoluSEND, remittances, money transfer
airtel Africa, WorldRemit, money transfer, mobile money, digital money, instant money transfer, RDC, Uganda, Zambia, Tanzania, Malawi, Niger, mobile money accounts, Rwanda, Airtel Money, payments , mobile wallets, mobile financial products, fintech
Western Union and India-based telco Bharti Airtel have partnered to launch two new payments services that will allow customers in India and Africa to move and receive money in real time, ZDNet reports.
Western Union, Bharti Airtel, telco, money transfer
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
The International Islamic Trade Finance Corporation has signed six major Trade Financing and Development Agreements worth in excess of USD 1.1 bln.
trade finance, ITFC, Africa
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
Morocco-based financial services company Wafacash is scaling up operations with digital money transfer service WorldRemit to offer instant money transfers across West and Central Africa.
WorldRemit, Wafacash, partnership, money transfer, money remittances, online payments, Africa
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 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
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, 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
IDT Corporation has unveiled that its flagship Boss Revolution international money transfer service has launched a direct-to-mobile-wallet service to Kenya and Niger.
direct-to-mobile-wallet, Kenya, Niger, international, money transfer, IDT Corporation, Boss Revolution, Airtel Money, retailer
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
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
Mobile network operator Orange and pan-African banking group Ecobank have rolled out a service that will enable Orange Money subscribers who also have bank accounts with Ecobank to transfer money between their respective accounts.
Orange, EcoBank, Africa, mobile, money, transfers, pan-African, banking, bank accounts, mobile financial services, Orange Money