Thursday, October 23, 2025 - 20:23:46
Columbus, United States | 11°C | Broken clouds
Columbus, United States | 11°C | Broken cloudsLatest
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, […]
...
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, […]
...
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 […]
...
Payments, people and strategy are key to opening up new ways of transacting in South Africa South Africa’s payment ecosystem is a tangle of legacy banks, fintechs, telcos and card schemes, all jostling for a slice of the transaction pie. It’s a space where smart and ingenious capture customer attention, and where people need to […]
...
Operating highlights Financial performance Capital allocation Sustainability strategy Olusegun Ogunsanya, Chief executive officer, on the trading update: “The consistent deployment of our ‘Win with’ strategy supported the acceleration in constant currency revenue growth over the recent quarters which has reduced the impact of currency headwinds faced across most of our markets. This strong revenue performance […]
...
The GSMA’s State of the Industry Report on Mobile Money 2023 shows adoption rates are even more significant than expected, with registered accounts, transaction values and deployments exceeding industry predictions. Mobile money services are growing faster than predicted around the globe, as digital services continue to rise in popularity, according to the GSMA’s annual ‘State […]
...
African markets have been rapidly embracing technological advancements in recent years. With the growth of mobile phone usage and the increasing penetration of the internet, the continent has been quick to adopt innovative solutions to meet the growing demand for digital services. The fintech industry, in particular, has been growing rapidly in Africa, providing new […]
...
By Ashley Olson Onyango, Head of Financial Inclusion, GSMA During the last decade, rapid digitisation has revolutionised the financial industry globally, through the advent of innovative services such as mobile banking apps or seamless transfer options. Driving this trend in low-and-middle-income countries, where over a billion people remain unbanked, mobile money has helped millions of […]
...
Mobile phone technology offers a great leapfrogging opportunity for Africa in the economic and development spheres. The use of technology is changing the state of affairs in the continent and mobile phones are its most used form of digital technology. A mobile phone is not only a communication gadget, but also a tool for empowerment […]
...Gallup’s 2014 Global Financial Inclusion (Global Findex) database, which measures the extent of account penetration, the use of mobile money payments and saving and borrowing practices in more than 140 countries, reveals the impact of mobile money usage in Africa. “Accounts at financial institutions drove the increase in account penetration in all regions except sub-Saharan […]
...
