Wednesday, January 15, 2025
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mobile payment

FinTech

Opera announces shared investment in OPay Nigeria

Fundi Maseko -
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...
Digital Transformation

Orange Business Services, Genesis partner to deliver digital banking strategy in MEA

Fundi Maseko -
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...
East Africa

10 Things to know about mobile payments in Africa

Fundi Maseko -
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...
FinTech

Samsung launches Samsung Pay in South Africa

Staff Writer -
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...
FinTech

Nigeria’s mobile payment system, mCash relaunches

Staff Writer -
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...
General

What would South Africa look like if taxis were connected

Staff Writer -
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....
FinTech

Mastercard partners with Vconnect to empower Nigerian Startups

Staff Writer -
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...
FinTech

Technology will continue to drive ways we make payments in 2018

Staff Writer -
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...
East Africa

Ethio Telecom launches electronic payment services

Staff Writer -
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...
East Africa

Centenary Bank, Mastercard partner to boost financial inclusion

Staff Writer -
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,...
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Latest News

Artificial IntelligenceMamsi Nkosi -

How Can South African Banks Leverage Generative AI for Growth?

The global banking landscape is experiencing seismic shifts, driven by the rapid advancement of technology and evolving consumer expectations....
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