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Access Bank Plc Completes Acquisition of National Bank of Kenya (NBK)
In a strategic step for the East African banking market, Access Bank Plc has formally completed its acquisition of National Bank of Kenya (NBK) from KCB Group, which commenced in March 2024. Following the completion of the transaction, NBK is…
TerraPay Partners Wave Mobile Money to Enhance Cross-Border Remittance Services in West Africa
TerraPay, a global money movement company, has partnered with Wave Mobile Money, a mobile money provider in West Africa, to improve cross-border remittance services. This partnership allows Malians to receive money from abroad directly into their Wave mobile wallets, making…
From SA to Pakistan: Paymenow’s Earned Wage Access Platform Drives Inclusive Financial Wellness
In an exclusive interview with IT News Africa, Deon Nobrega, CEO and co-founder of Paymenow, shared insights into the company’s innovative earned wage access (EWA） platform and its impact on financial inclusion. Launched in 2020 in South Africa, Paymenow has…
The Real Test for Mobile Finance in Africa
Africa’s young, tech-savvy population is leading the charge in reshaping the continent’s future. As home to the fastest-growing demographic in the world, Africa’s youth are not only influencing tomorrow’s society but are also at the heart of innovation in financial…
Fintech Duo Collaborate to Tackle Remittance Costs in Africa
According to the World Bank, Sub-Saharan Africa has the highest remittance costs globally, with an average of 8.72% for sending $200 in 2022. Additionally, 52% of adults in sub-Saharan Africa lack access to formal financial services. Access to fast and…
Africa’s Banking Boom Faces Cyber Risks
As African banks continue to bring financial services to millions of the unbanked, an escalating crisis is building: a severe shortage of cybersecurity skills. Cyberattacks now rank among the leading concerns of African financial institutions, with 59% identifying cybercrime as…
How is Fintech Shaping SA’s Digital Payment Infrastructure?
When we think of financial access, we often think of the ‘front’ door’—the point-of-sale, the payment link, the app. But beyond that door is a complex ecosystem that powers every transaction, every transfer, and every financial decision. In the past,…
Cross Switch Expands African Footprint with Kenya’s Pesawise
Cross Switch, a provider of industry-leading payment solutions, has expanded its African presence by launching services in Kenya and collaborating with Pesawise, an accredited local payment operator. Cross Switch provides a global payment platform that allows merchants across sectors like…
How is Fintech, AI, and Robust Infrastructure Shaping the Future of Finance?
The rapid convergence of fintech, Artificial Intelligence (AI) and robust infrastructure is significantly reshaping the global financial landscape, driving efficiency, innovation and inclusivity. Fintech is revolutionizing financial services by streamlining transactions and expanding accessibility, while AI empowers industries through automation…
Verto wins $1 Million Milken-Motsepe Prize in FinTech
The Milken-Motsepe Prize in FinTech, a $2 million initiative by the Milken Institute and Motsepe Foundation, entices over 3,000 entrepreneurs from 126 countries. Launched in May 2024, the prize saw 400 applications narrowed to 10 semifinalists who presented their innovations…
Interledger Foundation Announces the NextGen Higher Education Grant
The Interledger Foundation is pleased to announce the launch of the NextGen Higher Education Grant, an initiative focused on promoting financial inclusivity through digital payment innovation. This grant initiative, which began in February, offers up to $50,000 USD to higher…
FNB App Academy Breaks Record
The FNB App Academy, which launched on May 6th, has signed up over 217,000 learners, a twelvefold increase from 17,000 in 2023, underscoring a watershed moment in digital learning on the continent. The FNB App Academy is a 9-week, fully…
Fintech Giant Ranks Among World’s Best Cross-Border Payment Solutions in 2025
FXC Intelligence recently ranked Flutterwave, a payments technology company, as one of the top 100 cross-border payment companies for the second year in a row. FXC Intelligence’s sixth-year Top 100 Companies list highlights top cross-border payments businesses, including Shopify, Google,…
FNB Debuts a New Digital Platform to Boost Financial Literacy in SA
FNB has launched a new digital financial education platform, www.fincents.co.za, a new online financial education hub, as part of its broader effort to close South Africa’s financial literacy gap and empower individuals across communities with the knowledge needed to manage…
Association of South African Payment Providers Welcomes 4 New Members
The Association of South African Payment Companies (ASAPP), founded by 8 of South Africa’s major non-bank digital payment companies, has announced its expansion with 4 more members. Founded by Altron, Hello Group, iKhokha, Lesaka, Network International/Payfast by Network, Peach Payments,…
Revolutionize Loan Recovery with Digital Innovation
In today’s fast-evolving BFSI landscape, digital debt recovery is no longer optional—it’s essential. With Africa’s lending market expanding, financial institutions face mounting pressure to optimize collections while maintaining customer trust and regulatory compliance. Artificial Intelligence (AI) is transforming this space,…
