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African Fintech

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RISKX ROME 2025 SESSON FOUR

Mastercard And Smile ID To Scale Digital Identity Across Africa

Partnership combines Mastercard’s global payments network with Smile ID’s capabilities to combat fraud and expand financial inclusion across Africa. From left to right: Selin Bahadirli, executive vice president, services, Eastern Europe, Middle East and Africa at Mastercard, Mark Straub, CEO Smile ID, Dennis Gamiello executive vice president, and global head of identity at Mastercard Nairobi, […]

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Western Union, Zoona And Chipper

Western Union, Zoona And Chipper Cash Launch International Money Transfer Services

Western Union, Zoona Transactions Zambia Limited and Chipper Cash today announced the launch of international money transfer services in the Chipper Cash app. The co-branded service enables customers in Zambia to send and receive money globally, based on their convenience and needs.  Zoona is a leading fintech and enterprise payments platform in Zambia. Acquired by […]

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Lessons For Launching An African Fintech In 2023

By Justin Asher, Head of Strategy & Marketing at upnup Anyone looking to launch an African startup in 2023 must be sorely tempted to do so in the fintech space (provided they have the relevant background and expertise). After all, fintech has been on something of a streak on the continent. Most of the continent’s […]

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Big Tech In African Fintech

By Eric Osiakwan I ended my May 2021 essay with the hypothesis “…leading fintechs might turn around and start acquiring the banks” and, sure enough, on the 12th of May 2021, the Competition Authority of Kenya in a gazette notice approved the acquisition of 84.89% stake in Century Microfinance Bank by Branch International Limited – […]

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Mergers and Acquisitions in African Fintech

Mergers and Acquisitions in African Fintech

Eric M K Osiakwan  On 1st of April, as I was publishing my Uniconization of African Fintech piece, Mastercard was busy announcing their $100 million investment into Airtel Money (Airtel Africa’s mobile money subsidiary) to acquire a minority position – half what TPG Capital did. Even though I had gotten wind of the transaction knowing […]

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The Unicornization Of African Fintech

By Eric M K Osiakwan The first quarter of 2021 ended on a great note as two African fintech businesses gained unicorn status, a rare fit amidst a ragging global pandemic which is finally being aggressively tackled by the speedy supply of much-needed vaccines. Such is the African story – a trail of surprises in […]

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