Kenyan-based startup Tanda is expanding its operations after securing funding from early-stage African tech investor HAVAÍC, Zedcrest Capital, DFS Lab, Victor Asemota and three other investors. Tanda has also secured key strategic partnerships with Mastercard and Interswitch which is expected to further accelerate its growth. The company’s expansion comes on...
Huawei Mobile Services (HMS) has teamed up with Mondia Pay, a digital payments company, to roll out seamless and contactless payments solutions for mobile network operators. Since the commencement of the partnership in September 2020, demand for the implementation of Direct Carrier Billing service (DCB) for seamless, contactless payments...
Ecobank parent company, Ecobank Transnational Incorporated (ETI) has appointed Tomisin Fashina as its new Group Executive of Operations and Technology - a position he will now hold in addition to his existing role of Managing Director of eProcess International. “The rapidly accelerating digital adoption by Africa’s citizenry and businesses, together...
NuovoPay, a solution pioneering in de-risking device financing for OEMs, telecom carriers and device financing institutions has now joined hands with Angaza, a leading provider of software technology designed specifically for last-mile distribution businesses. Growing Demand for Smartphones The global market for affordable smartphones is steadily expanding, with Africa observing a...
Visa has revealed that it could soon let customers settle transactions using cryptocurrency. According to Reuters, the company has launched a pilot programme that uses USD Coin - a stablecoin that is pegged directly to the US dollar - across its payment network. “We see increasing demand from consumers across...
Apple Pay - Apple's digital payment platform - is now available in South Africa. The service allows users to load their bank cards - from supported banks like Absa, Discovery Bank, and Nedbank - onto their Apple devices in order to make contactless payments. According to Discovery Bank, every Apple...
Telsa CEO, Elon Musk has confirmed that the electric car company will now accept Bitcoin as a form of payment - news that has caused the price of Bitcoin to rise 5%. In a tweet, Musk says "You can now buy a Tesla with Bitcoin" and then goes on to...
Airtel Africa is set to sell a minority stake - worth $200 million - in Airtel Mobile Commerce BV (AMC BV) to global investment company, The Rise Fund. “The transaction is subject to customary closing conditions including necessary regulatory filings and approvals, as necessary, and the inclusion of specified mobile...
PayPal has joined forces with Flutterwave to allow PayPal users around the world to pay African merchants through Flutterwave’s platform. This collaboration is expected to be 'instrumental' in supporting SMEs and freelancers to overcome the many challenges presented by the highly fragmented and complex payment and banking infrastructure, as well...
South African-founded Luno will let customers earn interest on Bitcoin, Ethereum, and USDC - allowing users to earn passive income on their cryptocurrencies. These cryptos are now available in the platforms savings wallet. Users can expect up to 4% interest per annum on Ethereum and 7.6% per annum on USDC....
Ukheshe has partnered with Infobip to launch South Africa's first WhatsApp payment gateway which allows Telkom customers to send money to anyone with a mobile number quickly and securely with no need for another app or any additional software. The project and collaboration with Infobip forms part of Ukheshe’s objective of...
Huawei has joined forces with MTN South Africa to launch Direct Carrier Billing (DCB) - a 'seamless and secure' payment method that allows users to make purchases using their airtime. For contract customers, the amount will be added to their monthly mobile phone bill, while prepaid customers will have the...
The rate of banking services that are available via mobile devices is growing daily as businesses and individuals are increasingly forced to prioritise digital transformation - one such development is Shyft. To unpack the security behind this mobile forex trading solution, ITNA's Jenna Delport chatted to Arno Von Helden, Head...
Ukheshe set to expand its fintech operations across the Middle East, Europe and Asia Pacific. The move comes on the back of partnerships in various African countries including Kenya, Zimbabwe, Zambia, Namibia, Nigeria, Malawi, Botswana, Angola, Tanzania, Rwanda, Burundi, Democratic Republic of Congo, Mozambique and Ghana. In addition to collaborating with...
Most people hear the term blockchain and automatically think of cryptocurrencies, like Bitcoin. We are living in an age where cryptocurrencies actually increasing in their popularity each given day, an example of it is the increasing demand for crypto trading apps.  While this is still one of the most popular...
Hellopay and Mastercard have partnered to roll out SoftPOS – a contactless acceptance solution that turns any NFC-enabled Android device into a physical point of sale. This move is expected to boost digital payment acceptance at small informal enterprises in South Africa, while supporting consumers’ preference for touch-free payments amidst social...
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