Provider of a rapidly growing mobile payment service and consumer platform, OPay has raised $50 million in total funding. The lead investors included IDG Capital, Sequoia China, Source Code Capital, Meituan-Dianping, GSR Ventures and Opera. OPay plans to use the…
Orange Business Services and Genesis Analytics have partnered in a bid to prepare financial institutions to launch new digital ecosystem banking services in the Middle East and Africa. The partnership will help these financial institutions address the increasing disruption of…
The trend of making payments using mobile wallets installed as applications on smartphones which sometimes makes use of Near Field Communication Technology and generally an internet connection is becoming widespread, and indeed Africa is not left out in the grand…
Samsung Electronics announced the launch of its mobile payment service, Samsung Pay in South Africa. Samsung Pay enables users to make mobile payments almost anywhere using both MST and NFC technology. Featuring Samsung’s defence-grade Samsung Knox security platform and biometric…
The Nigeria Inter-Bank Settlement Systems together with MTN Nigeria, sixteen banks and major mobile telcos have partnered to relaunch mCash. First launched in 2016, mCASH is a mobile payment platform for making low-value retail payments designed to extend e-payment options…
Traffic across South Africa continues to be a headache and digital acceleration may just be the answer in mitigating daily congestion. Creating smart cities and digital workplaces means connecting infrastructure and digitizing transport systems, particularly in the taxi industry. Can…
Mastercard has partnered with Vconnect to empower Micro, Small, Medium Enterprises (MSMEs) as part of a shared commitment to drive financial inclusion and literacy in Africa. Nigeria will be the first market to benefit from the partnership, which will be…
Technology developments will continue to revolutionise payment in both the real and virtual worlds across the globe. As always, though, local conditions will dictate exactly how (and if) global trends affect local markets. African economies, with their quite distinct characteristics,…
Ethiopia’s sole telecommunication provider, Ethio Telecom has announced the launch of payment services for prepaid mobile recharging. The service allows customers to recharge their mobile airtime online. The new system has been made available to customers across the telecom’s 214…
Centenary Bank and Mastercard have today announced a multipronged approach to digitising Uganda’s economy in support of the National Financial Inclusion Strategy. Following the recent signing of a strategic partnership agreement focused on boosting financial inclusion in the East African market,…