Search Results for: mastercard
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News
Lipa Later closes $5M debt raise, targets to raise an additional $20M
Kenyan fintech Lipa Later on Wednesday announced a successful closure of a $5M (KES 500 million) privately placed Debt issuance. …
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News
Zambia’s fintech Lupiya raises $8.25m Series A round to grow its neo banking business
Zambian neobank, Lupiya has secured $8.25 million in Series A seed funding round to scale its business in its home market…
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News
Lipa Later gears up for public fundraising in the US as it seeks to raise more funding
After raising KES 500 million ($5 million) in a privately placed debt issuance earlier this week, Lipa Later has revealed…
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News
Navigating the back-to-school season with financial solutions from Equity
As the new school term approaches, parents everywhere are gearing up for a mix of excitement and challenges that come…
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News
Founders Factory Africa secures $144 million to invest in more early-stage startups
South Africa-based venture builder, Founders Factory Africa has secured an additional $114 million in funding to scale its hybrid tech…
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News
Hillary Namunyu: How nongreen companies can apply ClimaTech solutions
This year has seen green-focused startups in Africa get more VC funding compared to other years as the world works towards reducing…
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News
Uruguayan fintech firm dLocal receives regulatory approval to operate in Kenya
Uruguayan fintech dLocal on Tuesday announced that the Central Bank of Kenya (CBK) had granted it a payment service license…
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News
Ecobank Kenya takes on NCBA LOOP with new Fingo Africa app
According to a report by Mastercard and International Finance Corporation (IFC), released back in 2018, young Africans are less likely…
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News
Kenya rolls out a QR code standard for facilitating digital payments
The Central Bank of Kenya (CBK) on Wednesday unveiled the Kenya Quick Response (QR) Code Standard 2023. The QR code…
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News
PesaPal to accept Airtel Money payments in Uganda
Nairobi-based fintech company PesaPal has partnered with Airtel Mobile Commerce Uganda Limited (AMCUL) and PesaPal Uganda to provide payment solutions…
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News
Olaseni Alabede joins MFS Africa’s Global Technology Partners as new CTO
Global Technology Partners (GTP), an MFS Africa company has appointed Olaseni Alabede as its new Chief Technology Officer (CTO). He…
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News
Telkom Kenya CEO Mugo Kibati named among Top 20 Digital Economy leaders
Telkom Kenya CEO Mugo Kibati has been named among the Top 20 Digital Economy leaders in Kenya by Digital Economy…
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News
Safaricom CEO Peter Ndegwa listed among Top 20 Digital Economy leaders
Peter Ndegwa, Safaricom CEO has been named among the Top 20 Digital Economy leaders in Kenya by Digital Economy Magazine.…
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News
$200 million fund launched to support African SMEs
The Mastercard Foundation Africa Growth Fund (MFAGF) has launched a $200 million funding initiative for small and medium-sized enterprises in…
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Featured
Evaluations And Reviews: Where And What To Read About Bookmakers
Are you an amateur or a professional when it comes to punting? Is one of your goals to storm into…
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Startups
Nigeria’s Payhippo acquires Maritime Microfinance Bank to expand its customer offerings
Payhippo, a fintech that offers credit facilities to SMEs in Nigeria has acquired Maritime Microfinance Bank (MFB). MFB is a…
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BUSINESS
Jumia Black Friday 2022 Announced: Date, Discounts, Offers and More
Jumia Black Friday officially kicks off from 4th to 30th November 2022. Jumia Kenya says it expects millions of consumers…
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News
[Interview] We’re driving Web3 adoption in Africa, Polygon’s Damilare says
Web3 is the latest iteration of the Internet that relies largely on blockchain technology, artificial intelligence, and machine learning (AI).…
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BUSINESS
Make Your Back to School Easy With Equity
It is a no-brainer that the Back-to-school season can be a hectic period for parents, guardians, and students as they…
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News
Twiva partners with Caroline Mutoko for MSMEs training
Caroline Mutoko and influencer-powered social commerce platform Twiva have partnered to highlight and train Kenyan Micro, Small, and Medium Enterprises…
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Startups
Nigerian Startup Klasha Appoints Ayman Jawhar as New Chief Product Officer
Lagos and San Francisco-based Klasha has appointed Ayman Jawhar as its new Chief Product Officer. Ayman will be based in the United…
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BUSINESS
Equity is proof that doing well is intertwined with doing good
Equity has continued to prove that doing well can go hand in hand with doing good. This has over time…
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News
Flutterwave appoints ex-Goldman Sachs MD Gurbhej Dhillon as new CTO
Flutterwave has announced the appointment of former Goldman Sachs’ Managing Director, Gurbhej Dhillon as its Chief Technology Officer (CTO). As…
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News
Pesapal granted Payment System Operator license in Uganda
Pesapal has received a Payment System Operator license from the Bank of Uganda to operate in the country. According to…
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News
Moringa School raises an undisclosed amount of funding from Leading Investor Proparco
Learning-accelerator Moringa School has raised an undisclosed amount of funding from Proparco to support its expansion outside Kenya. The funding…
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News
MFS Africa acquires US-based fintech Global Technology Partners
Digital payments network MFS Africa has announced it has reached an agreement to buy US-based tech company Global Technology Partners…
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BUSINESS
I&M Group reports 44% increase in profit after tax in Q1 2022 results
I&M Group PLC has reported a 44% growth in Profit after tax to Kes 2.7 billion compared to Kes 1.9…
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BUSINESS
Customers twice as likely to recommend buy now pay later than banks, survey
South African customers who have used buy now, pay later to purchase goods would overwhelmingly recommend it as a payment…
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BUSINESS
Fintech firm DPO Group announces new pan-African partnerships
Payment service provider DPO Group has announced three new partnerships with companies in the digital payments sector including Mastercard. The…
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Startups
Flutterwave goes live in Tanzania
African fintech Flutterwave has received approval from the Bank of Tanzania (BoT) to launch its payment service in the country.…
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BUSINESS
Jumia Sellers Offer Consumers Exciting Deals for Tech Week 2022
Jumia Kenya consumers will enjoy great discounts during the Tech Week Campaign which started this week. The deals came from…
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BUSINESS
PayPal will no longer register new users from Russia
Online payments company PayPal on Wednesday announced that it has stopped accepting new users in Russia. The move comes amidst…
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Startups
African fintech Flutterwave rebrands, introduces new products and services
African fintech startup Flutterwave has unveiled a significant re-brand and identity at Flutterwave 3.0, a virtual event held on Friday, 18th February…
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News
Moringa School expands to Ghana in new partnership with Impact Hub Accra
Africa technology boot-camp, Moringa School is expanding to Ghana in partnership with Impact Hub Accra. Moringa said in a statement…
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BUSINESS
Bank of Uganda grants Yo-Uganda Payment System Operator License
Yo-Uganda Limited has been granted a Payment System Operator License by the Bank of Uganda. The license issuance comes after…
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CYBER SECURITY
Cybersecurity Myths You Might Still Believe – Debunked!
Over time, the state of cybersecurity evolves. New threats emerge, but so do new security technologies. As encryption has become…
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News
Francophone Africa Payments Processor CinetPay secures $2.4 million seed round from 4DX Ventures and Flutterwave
CinetPay, a digital finance platform that enables merchants in Francophone Africa to seamlessly accept and make payments, has announced a…
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News
Middle East and Africa is a fertile ground for the growth of super-apps, report
From ride-hailing services to grocery delivery, and financial services such as buy-now-pay-later to microfinancing, super-apps development in the Middle East…
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News
[This Week In Tech] Facebook changes its corporate name to Meta and other top stories
This has been quite an interesting week for tech. We covered so many interesting stories from across Africa and the…
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Startups
Four startups from Ghana join the Catalyst Fund Inclusive Digital Commerce accelerator
Four startups from Ghana have joined The Catalyst Fund Inclusive Digital Commerce Accelerator, a programme that supports innovators building digital…
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BUSINESS
Consumers shift to everyday products purchase, Jumia report
There is a significant shift of consumer online shopping behavior towards everyday product categories (FMCG, Beauty). This is according to…
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News
[South Africa] Ukheshe, Telkom and Engen partner on tipping solution for petrol attendants
South African fintech firm Ukheshe technologies, Telkom, and Engen have collaborated to create a QR solution that allows motorists to…
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COLUMNS
Mark Dankworth: The connected continent
Mobile transacting is fast becoming the golden egg of financial services – and nowhere more so than in Africa. According…
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News
African fintech startup Payday raises $1m pre-seed to build Africa’s PayPal
Payday, a Pan-African financial technology company has raised one million dollars to build out what they believe will be the…
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BUSINESS
Equity Bank half-year profits hit Ksh.17.9bn
Equity Group has announced a 98% growth in half-year profits to Kshs.17.9 billion up from Kshs.9.1 billion the previous year.…
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News
1,410 Wings to Fly Scholars Attain University Qualifying Grades Representing a University Transition Rate of 86%
Beneficiaries of the 2017 Wings to Fly scholarships who sat for the 2020 KCSE exams have out-performed themselves registering an improvement in…
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BUSINESS
KEPSA and Zydii launch free digital courses for MSMEs
The Kenya Private Sector Alliance (KEPSA), and Zydii Limited have announced a partnership to provide free digital training to Micro,…
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News
Telkom launches virtual card for WhatsApp payments in South Africa
Telkom has launched Africa’s first Mastercard virtual card for use on WhatsApp, enabling Telkom Pay customers in South Africa to…
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News
South African fintech startup Ukheshe expanding to Asia-Pacific
South African fintech startup Ukheshe Technologies has announced that it will be expanding its footprint into the Asia-Pacific region as it introduces…
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BUSINESS
Vivo Smartphone Kenya Partners With Online Retailer to Increase Visibility
Vivo smartphone’s local office has partnered with Jambo Shoppe, an online retailer in the country, to help increase the smartphone…
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BUSINESS
Visa Is Moving Into Cryptocurrencies ‘In a Big Way’
Visa CEO Al Kelly says the payments giant is moving into cryptocurrencies in a big way. Speaking during an earnings…
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News
African Fintechs collaborate to interlink mobile money and digital assets
The Seychelles-based SECDEX and global Digital Coin and Token-based payment platform KOINON announced a new partnership to foster B2C &…
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BUSINESS
Equity Bank Registers 51% Balance Sheet Growth
Equity Bank has weathered the COVID-19 disruption to register a 51% growth in its balance sheet with total assets growing…
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News
Kenyan agency banking startup Tanda secures funding to expand regionally
Kenyan agency banking startup Tanda has announced that is expanding its operations regionally after closing a funding round in February…
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BUSINESS
Equity Bank, FMO-NASIRA sign guarantee program for COVID-19 support
Equity Bank Kenya has entered into a new partnership with the Netherlands FMO development bank with the signing of a NASIRA…
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News
South African fintech startup Ukheshe confirms Middle East, Europe and Asia Pacific expansion
South African fintech startup Ukheshe Technologies has confirmed its global expansion. Having established itself as a formidable payment technology specialist…
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News
iPhone Users can pay for Goods and Services with Bitcoin
Apple device owners can now pay for goods and services using their crypto wallets. That is courtesy of the new…
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New Appointments
Frank Molla joins BPC Banking Technologies as MD for Sub-Saharan Africa
BPC Banking Technologies has appointed Frank Molla as its Managing Director for Sub-Saharan Africa. Frank is a former Director of…
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News
DPO Group introduces Real-Time Settlements on digital payments for sole trader merchants in Kenya
African payment service provider DPO Group has launched Real-Time Settlements for its SME sole proprietor merchants in Kenya. 86% of SMEs…
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News
These are the startups shortlisted for the AppsAfrica.com Innovation Awards 2020
The final shortlist for the AppsAfrica Innovation Awards 2020 which celebrate the best startups in mobile and tech from across Africa has been…
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BUSINESS
Equity receives double recognition at the African Bankers Awards 2020
Equity has scooped two awards at this year’s African Banker Awards. The Bank has been awarded the Best Regional Bank…
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Blockchain
Facebook Libra Cryptocurrency to Launch in 2021
Facebook’s Libra ambitions to enable seamless transfer of cash and digitizing the financial world in its unique fashion were met…
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BUSINESS
Diamond Trust Bank and Jumia partner for Black Friday Campaign
Diamond Trust Bank and Jumia have announced a partnership aimed at enhancing cashless payment on the e-commerce platform when purchasing…
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Blockchain
PayPal to allow Users to Buy, Hold, and Sell Cryptocurrencies on the Platform
PayPal is finally joining the crypto market. On Wednesday, the company announced a new service that will allow users to…
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BUSINESS
Airtel Customers Will Soon Acquire Samsung Smartphones Under Flexible Financing Plans
Airtel Africa has partnered with South Korean device maker, Samsung, and Mastercard to provide customers will smartphones on flexible payment…
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Startups
Untold: Tech-startups in Northern Kenya
Tech innovations, either self-generated or initiated from outside the suburbs of Kenya, are central to the development of many counties,…
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News
Brazil Suspends WhatsApp’s Payment Service
Earlier this month, Facebook-owned WhatsApp unveiled a digital payment system in Brazil, the company’s second-largest market after India. In a…
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News
Samsung has partnered with SoFi to launch its first Samsung Pay debit card
Samsung has today announced plans to launch a no-fee Samsung Money cash management service and debit card for its smartphone…
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News
Visa customers who order medication and essential products via MYDAWA to get discounted rates
Visa has entered into a partnership with online retail pharmacy MYDAWA to give discounts to its customers who order medication…
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Blockchain
Facebook Scales Back Ambitious Libra Project, Plans To Launch Later in 2020
Facebook Inc., together with its partners, is now scaling back on the Libra project which was marketed as futuristic global…
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BUSINESS
Jumia Tech Week Campaign Starts Today, Here’s What To Expect
Jumia Kenya has announced the launch of this year’s Jumia Tech Week campaign. The campaign kicks of today, 16th March…
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News
Shopify Joins Facebook-led Libra Association, Months After High Profile Members Exit
Facebook Libra has received the first new member, ever since the exit trend kicked off in the wake of regulatory…
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News
[Column] How fintechs are making Africa a leading global Innovation Hub
In a continent where over 60% of the adult population is unbanked and the financial sector is considerably underdeveloped, fintech…
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Blockchain
Vodafone Quits Facebook Libra Association, To Focus On M-Pesa Expansion To More Countries
Facebook’s Libra project has been heavily criticized over the parent’s company issues with how it handled customer data in the…
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New Appointments
Nancy Matimu Takes Over From Odipo As MultiChoice Kenya Managing Director
MultiChoice Africa has appointed Nancy Matimu as its new MultiChoice Kenya Managing Director, effective December 2019. Nancy becomes the first…
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Blockchain
PayPal Pulls out of Facebook’s Libra Association
In addition to troubles Facebook has been going through over sceptical regulators around the world, PayPal Holdings Inc. has pulled…
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Blockchain
France says it will block Facebook’s Libra cryptocurrency in Europe
Two months later since Facebook officially announced its planned launch of own cryptocurrency Libra, many jabs have been thrown at…
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Startups
Applications for Standard Chartered Bank’s Women In Tech Accelerator 3rd Cohort Open
Standard Chartered Bank Kenya has opened applications for its Women In Tech Incubator third cohort. The application which will close…
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News
Africa Data Centres Becomes PCI DSS Certified in Kenya
Africa Data Centres Nairobi (formally known as East Africa Data Centre) has become the first neutral data centre to be…
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BUSINESS
The rise of Sub-Saharan Africa as a fintech hub
Sub-Saharan Africa is one of the fastest-growing investment zones for fintech companies according to new research. The GSM Association says…
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BUSINESS
SwitchLink Africa – Leveraging technology to drive efficient remittance
Latest data from the Central Bank of Kenya (CBK) indicates that Kenyans living and working abroad sent home Sh67.16 billion…
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Blockchain
Threads: Twitter fans pour out on Facebook’s new cryptocurrency Libra
Facebook announced its new digital wallet Libra yesterday in a move to provide minimum to low transaction costs in terms…
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Blockchain
Facebook’s Cryptocurrency Libra Officially launching in 2020
We had earlier reported that Facebook was planning the launch of its Cryptocurrency soon codenamed Libra. Facebook has now officially…
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BUSINESS
DPO Group’s DumaCard is Africa’s first B2B Virtual and Prepaid payment card
Africa’s leading Payment Service Provider (PSP) DPO Group has launched Africa’s first business to business payment card. DPO is calling…
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New Appointments
Andela appoints Janet Maingi as its new Country Director for Kenya
Andela has today announced the appointment of Janet Maingi as its new Country Director for Kenya. Janet joins a predominantly…
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News
E-commerce firm goAfrica integrates Finserve’s Jenga Payment Gateway solution on its platform
goAfrica has announced the integration of Finserve’s Jenga Payment Gateway solution on its platform. The London-based e-commerce platform says…
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BUSINESS
Jumia Home Makeover campaign kicks off on April 24th, up to 50% discounts on home appliances
The 2019 Jumia Home Makeover campaign is here. This time round Jumia has teamed up with top brands like Mika,…
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Startups
Solar energy company SolarNow has raised $9M to scale its services across Uganda
Uganda-based solar energy company SolarNow has raised $9 million in debt arranged by SunFunder, a longtime debt financier for the…
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Startups
M-KOPA raises new funding from Japan’s Sumitomo Corporation
M-KOPA has raised funding from Japanese multinational, Sumitomo Corporation to empower homes and small businesses. The deal was announced on December…
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News
MYDAWA leverages on fintech solution iPay to scale up service delivery
Kenya’s leading e-health platform, MYDAWA, has signed a partnership deal with iPay Limited, an innovative payment processing solution and payment…
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Startups
Kenyan startups top list of 2018 MIT Inclusive Innovation Challenge Africa winners
Kenyan startups have topped the list of 2018 MIT Inclusive Innovation Challenge Africa winners. The startups, Lynk, WeFarm, and Solar…
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BUSINESS
Solar Energy firm Fenix International now powering 30,000 Zambian households
Leading pay-go energy company Fenix International, has reached 30,000 Zambian households just 9 months after expanding into the country. This…
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New Appointments
Equity Group confirms former Nairobi Deputy Governor Polycarp Igathe as its Group Chief Commercial Officer
Equity Group Holdings has confirmed former Nairobi Deputy Governor, Mr. Polycarp Igathe as its its new Group Chief Commercial Officer.…
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BUSINESS
Alipay and WeChat Pay expanding to Kenya. What does this mean for M-Pesa?
China’s biggest Internet-based mobile messaging platform, WeChat has been planning to go international for a long time now. In fact,…
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Startups
Kenyan Startups invited to apply for this year’s DataHack4FI competition
Nairobi Garage is calling on Kenyan startups to apply for the for this years DataHack4FI competition with the winning team…
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BUSINESS
Youtap launches mobile money payment processing platform as a cloud-based service
Youtap has launched a new payment processing platform delivered as a cloud service for mobile money and payments providers in…
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COLUMNS
How to Build More Connected and Inclusive Cities
By Carlos Menendez, When thinking about the cities of the future, I know that they will be more connected, and I…
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News
Kenyan Fintech Innovators benefit from first ever Africa Fintech Unconference
Kenyan Fintech innovators were part of the Fintech innovators from across the continent that took part at the first ever…
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BUSINESS
Why Wechat is a threat to Safaricom’s M-Pesa.
A few days ago I visited Chinese internet finance museum for a blockchain event organized by okcoin, one of Bitcoin’s…
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BUSINESS
The Sharing Economy: a driver for e-commerce in Kenya and Africa.
Technologically advanced innovations and solutions are disrupting the somehow settled e-Commerce sector. According to a report by Price WaterHouse Coopers…
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BUSINESS
Airtel Kenya post-paid customers can now pay bills online
Airtel Kenya post-paid customers can now pay their bills online. This is after the telecommunication company unveiled a new platform…
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