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Africa’s digital payments projected to reach $1.5 trillion by 2030
Africa’s digital payments economy is on a rapid growth trajectory, projected to reach $1.5 trillion by 2030, according to a Mastercard-commissioned report by Genesis Analytics. As a long-term technology partner to the continent, Mastercard is deepening its commitment through investments,…
Ethio Telecom and Mastercard Partner to Expand Digital Financial Services in Ethiopia
Ethio Telecom and Mastercard have announced a strategic partnership to enhance digital financial services across Ethiopia. In a high-level meeting, Ethio Telecom CEO Frehiwot Tamru and Mark Elliott, President of Mastercard Africa, discussed collaborative opportunities to leverage technology and expand…
Kazang enables card payments for DStv subscriptions
Kazang, the prepaid value-added services (VAS) and card acquiring business within JSE-listed fintech Lesaka Technologies, has announced that consumers are now able to pay for their DStv subscriptions using a debit or credit card at Kazang Pay merchants nationwide. Kazang…
Rising Cyber Risks Threaten Africa’s BFSI Sector
Africa’s Banking, Financial Services, and Insurance (BFSI) sector is under siege from escalating cyber threats, with banks, financial institutions, and insurers in South Africa and beyond facing unprecedented risks. Interpol’s 2024 African Cyberthreat Assessment reveals a 23% increase in weekly…
KCB Group Plc Acquires Majority Stake in Riverbank Solutions Limited
KCB Group PLC and Riverbank Solutions Limited have signed a binding agreement that will see KCB acquire up to 75 percent shareholding in the financial technology firm, to strengthen KCB Group’s distribution network across the region. The successful completion of…
RMB facilitates long-term funding solutions for IHS Holding Limited
Rand Merchant Bank (“RMB”) has recently concluded two significant transactions for IHS Holding Limited, one of the world’s largest independent owners, operators, and developers of shared communications infrastructure. Partnering with IHS to tailor solutions to meet their specific requirements, RMB…
Forex News: How to Stay Updated with Market Trends
The foreign exchange market, a 24/5 vortex of currency trading, demands constant vigilance. Staying informed is not just a sound strategy; it’s a survival mechanism. But amidst a cacophonous avalanche of information, including constant forex news updates, how do you…
Seven Emerging Trends Shaping South Africa’s Digital Payment Landscape
In recent years, the way consumers, financial service providers and retailers handle payments has undergone a significant transformation. The aggressive rate at which digital solutions are being adopted in South Africa has placed digital and traditional payment solutions at a…
KCB ranked the 7th most valuable African banking brand of 2025
KCB has been named the 7th most valuable banking brands in the world with a Brand Strength Index (BSI) score of 94.4% up from 91.5% in 2024, reinforcing the bank’s efforts in delivering superior financial products and services through enhanced…
Flutterwave Powers Local Businesses in Ghana Through Pay With Bank Transfer
Flutterwave, Africa’s leading payments technology company, has broadened its reach in Ghana through the integration of Pay With Bank Transfer, done in partnership with Affinity Bank. With over 115 million bank transfer payments recorded in Ghana in 2023, this move…
Virtual Bank Cards in Dollars Available in Africa: What to Choose
The people of Africa have long faced difficulties in accessing international financial instruments. Restrictions imposed by local banks and the high volatility of the national currency have compelled many to seek alternative solutions. Virtual banking cards in dollars have become…
Flutterwave Powers Digital Tax Collections for Nigeria’s Federal Inland Revenue Service (FIRS)
Africa’s leading payments technology company, Flutterwave, is now enabling digital tax collections for the Federal Inland Revenue Service (FIRS), making it one of the only fintechs supporting the government in modernizing tax payments. This development allows the FIRS to leverage…
Fortifying Africa’s Financial Future: BFSI Security Summit Hits Johannesburg in 2025
Banks and insurance companies across Africa face an unprecedented wave of cyberattacks, with ransomware, data breaches, and phishing threatening financial stability and customer trust. In 2020, South Africa’s Experian breach compromised the data of 24 million individuals, exposing vulnerabilities in…
Mastercard & Paymentology Expand Financial Access in South Africa
Mastercard is expanding its collaboration with Paymentology, to make it easier for fintech companies in South Africa to issue cards. The collaboration aims to provide fintechs with the necessary expertise, infrastructure, and rapid go-to-market capabilities to streamline card issuing, thereby…
NCBA Expands Footprint with Tatu City Branch Launch
NCBA has reaffirmed its commitment to delivering tailored banking solutions in Kenya’s rapidly expanding metropolitan areas by opening its Tatu City Branch. Situated within Kenya’s premier Special Economic Zone, Tatu City becomes the seventh NCBA branch in Kiambu County, following…
2025 SME Financing Trends: What Entrepreneurs Need to Know
Small and medium enterprises (SMEs) in South Africa have historically remained undersupported in terms of access to funding. This is due to the inability of traditional banks to adequately service their debt capital needs, with less than 15% of SMEs…
