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M-Pesa, Safaricom’s mobile money service, is now available in Ethiopia
The launch of Safaricom's M-Pesa mobile money service in Ethiopia is a boon for the Kenyan telecoms operator, which is...
Read moreMastercard To Purchase a Stake in MTN’s $5.2 Billion Fintech Unit, According to Recent Reports
Following the announcement that Mastercard has agreed to purchase a minority stake in the financial-technology division of MTN Group Ltd., the...
Read moreMastercard and the Lipa Later Group have partnered to provide access to credit and financial services across Africa
Mastercard has just announced a major partnership with Lipa Later, a prominent credit-focused and technology-driven financial services provider. This partnership...
Read moreIMF is developing a global central bank digital currency platform
According to IMF Managing Director Kristalina Georgieva, the IMF is developing a framework for central bank digital currencies (CDBCs) to...
Read morePayday, a Rwandan neobank startup, receives $3 million in a seed round
Payday, a prominent pan-African neobank with headquarters in Rwanda that provides global accounts to Africans, has announced a US$3 million...
Read moreSao Tome and Principe receives a $3.2 million loan from the African Development Bank to fund its payment system
The government of Sao Tome and Principe, a country in Central Africa, has received a $3.2 million loan from the...
Read moreVisa and Mastercard have decided to suspend their cryptocurrency initiatives
Following a series of high-profile failures in the cryptocurrency industry, both Visa and Mastercard have decided to shelve their ambitions...
Read moreRwanda is the latest African nation to ban its banks from processing cryptocurrency transactions
The National Bank of Rwanda (NBR) has ordered all of the country's banks to cease "all crypto-related activity until a...
Read moreFinclusion Group, a South African company, secures $2 million in funding
Finclusion Group, a South African company that is developing Africa's first credit-led neobank, has announced that it has received an...
Read moreVisa plans to invest $1 billion in Africa over the next five years to capitalize on the continent’s rising e-payments market
Over the next five years, Visa will spend $1 billion in Africa in an effort to cash in on the...
Read morePivo Africa, a Nigerian Fintech startup, has raised $2 million in a seed funding round
Pivo has announced the completion of a $2 million seed funding round to expand its product offerings to supply chain...
Read moreTouch and Pay, from Nigeria wins the Ecobank Fintech Challenge 2022, taking home $50,000 in prize money
Touch and Pay, a fintech company based in Nigeria has been named the winner of the Ecobank Fintech Challenge 2022. ...
Read moreThe Big 5
