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Mastercard held its inaugural Africa Edge summit, convening leaders from across Africa’s payments ecosystem to explore how collaboration and innovation can accelerate the continent’s digital growth. The forum focused on building the infrastructure, trust, and interoperability needed to support Africa’s fast-growing digital economy, projected to reach USD 1.5 trillion by 2030, and create new opportunities for […]
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By Hennie de Villiers Africa’s population is projected to exceed 1.7 billion by 2030, one of the youngest and mobile-first populations on the planet, making the continent fertile ground for the reimagining of financial services. But Africa also sits at a crossroads: an accelerating trajectory of digital innovation challenged by deep digital divides, including access and infrastructure, […]
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Onafriq, Africa’s largest digital payments network, today announced a strategic partnership with Visa to launch Visa Pay, a cloud-native Payments-as-a-Service platform designed to expand digital financial access across the Democratic Republic of Congo (DRC). Through this partnership, consumers in the DRC will be able to conveniently fund their Visa Pay wallets directly from mobile money […]
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Africa’s leading payments technology company, Flutterwave, has recently announced the launch of its referral program through Send App, its cross-border remittance product. The integration of Swap into Send App has empowered users to effortlessly convert Nigerian Naira (NGN) to foreign currencies, facilitating smooth cross-border money transfers. Remittances are a critical engine for Africa’s projected $1.5 trillion digital […]
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Building on its strong presence in South Africa, Paymentology’s new plug-and-play solution, PayoCard, enables digital banks and fintechs to launch secure, self-service card experiences faster – supporting underserved customers and expanding access to digital payments Paymentology, the leading global issuer-processor, has launched a new mobile-first card management platform, PayoCard, to help digital banks and fintechs in […]
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Zambia’s financial sector is undergoing a meaningful digital shift. Nearly 70% of adults now access payment services – including bank accounts, mobile money and microfinance – marking steady progress toward a more integrated and inclusive payments ecosystem. With the government’s eGov modernisation efforts gaining momentum, the foundations are in place for connected, future-ready infrastructure. As […]
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Digital Public Infrastructure (DPI)—encompassing interoperable systems such as digital payments, identity frameworks, and data-sharing networks—is revolutionizing Africa’s economic and social spheres. This report identifies the primary leaders advancing DPI across the continent, detailing their roles, initiatives, and collaborative efforts. The African Union (AU), African Export-Import Bank (Afreximbank), national governments, private sector innovators, and international organizations […]
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Mastercard and Diamond Trust Bank (DTB) have announced a 10-year agreement to offer tailored digital payment solutions across Kenya, Uganda and Tanzania. This collaboration aims to accelerate the digital and banking experience for individuals and businesses in the region. The partnership will focus on delivering innovative, secure, and convenient payment solutions, including bespoke card products […]
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By CEO of PayU Africa, Karen Nadasen As internet connectivity permeates every corner of Africa, the everyday exchange of money is profoundly changing – increasingly shaped by the continent’s burgeoning fintech sector. This shift, driven by digital innovation in payment processes, is turning what was once an informal network of transactions into a robust, inclusive […]
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The route connecting Abidjan to Lagos is the most densely populated region in West Africa. Seventy million people are estimated to be living along this stretch, which concentrates nearly 75% of the region’s commercial activities. Transforming the 1,028km stretch from a trade route into a fully integrated digital trade corridor is a top priority for […]
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