The Agence française de développement, AFD has pledged an extra €3 million to the Africa Digital Financial Inclusion Facility (ADFI). This brings AFD’s total support… Read More »AFD Commits €3 Million to Boost Digital Financial Inclusion in Africa
Peach Payments has acquired the West African payments platform PayDunya. This acquisition marks their first entry into mainland Francophone Africa. The deal will help Peach… Read More »Peach Payments Acquires PayDunya, Expands Into Francophone West Africa
Standard Chartered has launched SC GPT, a Generative AI tool across 41 markets. The tool will enhance efficiency. SC GPT will improve client engagement and… Read More »Standard Chartered Launches SC GPT, Advancing AI Innovation in Banking
Proparco has renewed its strategic partnership with CRDB Bank Plc, Tanzania’s largest financial institution. The partnership includes two new guarantees worth €24 million each, totaling… Read More »Proparco Invests €48 Million in CRDB Bank to Boost MSME Growth in Tanzania
The African Development Bank, AfDB and Mastercard have launched the Kenya Country Chapter of the Mobilizing Access to the Digital Economy (MADE) Alliance: Africa. The… Read More »African Development Bank and Mastercard Launch Digital Initiative for African Farmers
Vodacom Lesotho has expanded M-Pesa access to all mobile users. Now, people can use the service without being Vodacom subscribers. This change removes network restrictions… Read More »Vodacom Opens M-Pesa to All Mobile Users in Lesotho
African payment startup enza has raised $6.75 million in a seed equity round. Algebra Ventures and Quona Capital co-led the investment. This is enza’s first… Read More »enza Secures $6.75M to Boost Digital Payments in Africa
KCB Group in Kenya and Bank of Kigali in Rwanda have launched the Pan-African Payment and Settlement System (PAPSS). This marks a major step toward… Read More »KCB Group and Bank of Kigali Launch PAPSS for Seamless Payments in Africa
M-PESA, Africa’s largest mobile financial service, is celebrating 18 years of innovation. Since its launch in March 2007, it has transformed financial access. Today, it… Read More »M-PESA at 18: How the Fintech Powerhouse Transformed Africa’s Economy
MTN Ghana achieved a record revenue of $1.1 billion in 2024. The company saw a 34.5% increase in service revenue. Data and Mobile Money (MoMo)… Read More »MTN Ghana Records $1.1 Billion Revenue, Driven by Data and Mobile Money