Search Results for: remittance
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News
Irish fintech Pipit Global and Cellulant extend partnership to 12 new African markets
International cash payments platform Pipit Global and Cellulant have extended their partnership agreement to now include eighteen countries in Sub-Saharan…
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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
Airtel Money announces new upgrades to its Airtel Africa Developer Portal
Airtel Money has announced some new upgrades to its Airtel Africa Developer Portal. The move, the company says is to…
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News
MFS Africa signs agreement to acquire Nigerian fintech startup Baxi
Pan-African digital payments hub MFS Africa signed an agreement to acquire Baxi, one of Nigeria’s super-agent networks. The deal, which is…
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News
Kepple Africa Ventures revokes its investment stake in Kenyan fintech startup Wapi Pay
Japanese VC firm Kepple Africa Ventures has announced that it will be revoking its investment in Kenyan fintech startup Wapi…
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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
Pangea Trust opens applications for its Startup Connect Programme
Pangea Trust has opened applications for its Startup Connect Programme. The programme was launched yesterday at an online event moderated by security…
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News
Equity Group’s Finserve Africa Bags 2021 E-Commerce Award
Equity Group’s fintech subsidiary, Finserve Africa, has been named the best in E-commerce – Banking/Financial and Insurance Services Gold Category…
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BUSINESS
M-PESA is now Africa’s Largest Fintech, Hits 50 Million Active Customers
Safaricom’s mobile money platform M-Pesa has reached 50 million monthly active customers in Africa, making it the continent’s largest fintech.…
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News
Central Bank of Nigeria partners with Bitt fintech to develop country’s first digital currency
The Central Bank of Nigeria (CBN) has partnered with Barbadian fintech firm Bitt, to develop the country’s new digital currency, named…
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News
Maramoja Transport Appoints Three New Board Members To Help Strengthen its Taxi Business
Kenyan taxi app Maramoja Transport Board has appointed three new members to help fortify the firm’s business strategy in the region.…
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News
Kenyan fintech startup Wapi Pay raises $2.2m funding to digitise Africa-Asia trade payments
Kenyan fintech startup Wapi Pay has raised $2.2 Million in pre-seed funding to scale up global payments and remittances between…
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News
Ghanaian Fintech startup Zeepay raises $7.9 million Series A funding
Ghanaian Fintech startup Zeepay, has announced the completion of a USD7.9 million Series A.0 funding. The funding is a hybrid of both…
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News
P2P Crypto Marketplace Bitzlato Partners with Lemonade Finance to Ease Money Transfers Across Africa
Bitzlato (BZ), the latest P2P Crypto Exchange to enter the African market, has added Lemonade.Finance, a borderless payment platform for…
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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
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
[Column] Tolu Oyekan: How to forge an inclusive economic recovery in Africa
The spread of COVID-19 in many African countries has been more contained and the death toll slightly reduced than some…
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News
VC-backed free money transfer service Taptap Send is now live in Kenya
Taptap Send, a venture-backed fintech startup that lets immigrants send money back home to emerging markets instantly has launched in…
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News
These Industries grew in 2020 despite Covid-19 slowdown
There are a few events in history that have changed the course of humanity and this ongoing Covid-19 pandemic may…
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News
Six Emerging FinTech Trends in Africa
Africa is quickly becoming the centre of new fintech innovations and adoptions. Many financial technology start-ups are coming up across…
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News
Paxful Partners With BitLipa For Faster and Easier Payments Across Africa
Paxful has announced a strategic partnership with BitLipa, a Kenyan borderless peer-to-peer remittance network, expanding their variety of over 300 payment…
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News
Does The Future Of Bitcoin Lie In Africa?
Bitcoin, since its inception in the fintech space, has been very highly regarded in most African countries. While challenges and…
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BUSINESS
Ecobank wins Innovation in Financial Services award at African Banker 2020 Awards
Ecobank has won the Award for Innovation in Financial Services at the 2020 edition of the prestigious African Banker magazine…
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BUSINESS
Airtel Africa Strikes a Global Cash Transfers Deal with MoneyGram
Airtel Africa has partnered with MoneyGram, the US money transfer company. Through the deal, Airtel Money customers will be able…
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BUSINESS
Over 200 countries can send and receive money via Vodacom’s Tanzania M-Pesa
Over 200 countries can send and receive money via Vodacom ’s Tanzania M-Pesa after the company announced the expansion of…
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BUSINESS
Equity registers 14% dip in profit after tax on Ksh.3 billion provisions on loans
Equity Group has released first-quarter results which reflect the assessment the Group places in the uncertainty created by COVID-19. Profit…
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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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BUSINESS
Visa is partnering with MFS Africa to boost digital payments among African consumers and businesses
Visa and pan-African fintech leader MFS Africa have announced a partnership to boost digital payments among African consumers and businesses.…
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BUSINESS
Four ways fintech is changing international money transfer space
According to recent data from the Central Bank of Kenya (CBK), diaspora inflows in the country rose to Ksh30.4 billion…
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BUSINESS
What to consider before choosing international money transfer services
Financial technology (Fintech) companies have made it so easy for people to send money to Kenya. Currently, there so many…
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BUSINESS
Direct-to-Bank deposits and how to it works
When sending or receiving money internationally, whether you’re an employer, employed or somewhere in-between you have several options. You can…
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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
Understanding Mobile Wallets in Africa
The demand for mobile wallets is really high these days, especially in Africa. A mobile wallet (also called digital wallet)…
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News
Upesi Money Transfer: International Money Transfer Made Easy
Fintech or financial technology seems to be in the news all the time these days. Some of the amazing ideas…
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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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News
Facebook cryptocurrency backed by Visa, MasterCard, Uber, and PayPal
Facebook has been working on its cryptocurrency for some time now. Unlike the regular cryptocurrencies, the company’s crypto coin will…
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News
Facebook’s new Cryptocurrency may be launched this month
In case you aren’t aware of Facebook’s cryptocurrency ambitions that have been speculating around, the project will be presented to…
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News
WorldRemit has launched low-cost digital money transfers from South Africa
Digital money transfer service WorldRemit has launched its low-cost digital money transfer service from South Africa to over 145 destinations worldwide. Using…
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News
Western Union and TerraPay partner to expand payout options to Mobile Wallets across Africa
Western Union, has announced a new partnership with TerraPay to enable mobile wallet and bank account payout options across Africa,…
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BUSINESS
Ecobank names MFS Africa Ltd as its Digital payment partner
Ecobank has announced the appointment of MFS Africa as its Digital payment partner enabling cross-platform payment services for Ecobank account…
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News
Cellulant is building a single payments API for Africa’s fintech companies
Cellulant has announced plans to build an application programming interface (API) for Africa’s payments companies to solve payment problems in…
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COLUMNS
[Column] Reasons for the Growing Bitcoin market in Africa
Recently, Africa has shown to be a fertile ground for Cryptocurrency with several countries such as South Africa, Kenya, Ghana,…
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Startups
14 fintech startups selected for the CATAPULT: Inclusion Africa program
14 Fintech startups have been selected to join the CATAPULT: Inclusion Africa program scheduled to take place between the 5th…
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BUSINESS
Kenyans in diaspora sent home over Sh. 25 billion in the month of May
Kenyans in the diaspora remitted back to the country over 25 billion in the month of May. This is an…
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BUSINESS
Equity Bank records Shs.5.9 billion 2018 quarter profit
Equity Bank, Kenya biggest bank in terms of customers recorded a profit after tax of Shs 5.9 billion in the…
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News
WorldRemit, Lebara partner to connect new customers to its money transfer service to Africa
The battle for a share of the multibillion-dollar Diaspora remittances to Africa is set to intensify with after European mobile…
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COLUMNS
Picking up the Pieces: What’s Next for Zimbabwe’s Economy?
Dustin Homer, Director of Client Solutions, Fraym “Bob is gone.” At the end of November 2017, under intense pressure, Robert…
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Blockchain
4 Organizations Spearheading Blockchain Education in Kenya
Currently, the blockchain hype is at an all-time high, not only in Kenya but also across the globe. There are…
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BUSINESS
Equity bank records Ksh.18.9 billion profit after tax for the year 2017
Equity bank has reported a profit after tax of Kshs 18.9 billion for the year ending December 2017 up from…
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COLUMNS
Opinion: The Overlooked Potential of Africa’s Rural Spaces and Consumers
Rural areas are arguably the most overlooked spaces in Africa. This is true both in terms of government services as…
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BUSINESS
WorldRemit raises $40m, seeks to target 5 million customers in Africa
Digital money transfer service WorldRemit has raised $40m to drive its next phase of global growth. The series C round…
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COLUMNS
4 Key Essentials of E-learning in Africa
The rate of technological advancement in Africa is growing rapidly. Introduction of computer and internet in the 20th century has…
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BUSINESS
The Main FinTech Disruptors of International Money Transfers
The international money transfer market has experienced significant changes since the turn of the last century, primarily because of the…
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BUSINESS
Wafacash, WorldRemit partner to offer instant money transfers across West and Central Africa
Morocco-based financial services company Wafacash is scaling up operations with leading digital money transfer service WorldRemit to offer instant money…
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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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News
More consolidation on the cards for Ghanaian ICT market, says IDC
While the Ghanaian ICT market is more mature in comparison to other West African countries, quality of service (QoS) remains…
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COLUMNS
Importance of acknowledged certificates for online courses
Furnishing one’s CV with a list of qualifications is essential to getting ahead in many sectors of the economy. This…
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BUSINESS
Uganda Bankers Association and Mastercard partner to Strengthen the country’s Financial Services Sector
Mastercard has signed a strategic partnership agreement with the Uganda Banker’s Association (UBA) to develop a framework that will strengthen…
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News
Airtime transfer Startup Senditoo raises £260K to expand across Africa
Just two months after its launch, UK-based startup Senditoo has raised £ 260,000 to expand and become the leader in…
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BUSINESS
Visa Patners with four banks to launch mVisa mobile payment service in Kenya
Visa has today introduced a new mobile payment service in the country. Known as mVisa, the company says the service…
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BUSINESS
Safaricom Extends M-Pesa Services to Uganda
M-PESA users will now be able to send money to Uganda following a partnership between Safaricom and the neighbouring country’s…
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BUSINESS
MoneyGram Launches Account Deposit into Nigerian Banks from Key European Countries
MoneyGram has announced a new service that will allow customers in France, Germany, Ireland, Italy and Spain to send money…
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BUSINESS
MoneyGram Partners with Econet Wireless to allow international money transfer via Zimbabwe’s EcoCash
MoneyGram and Econet Wireless yesterday launched a new service that will enable customers from more than 200 countries and territories worldwide…
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News
SimbaPay wins DEMO Africa 2015. Next stop: Silicon Valley
SimbaPay was on Friday, 25 Sep 2015 announced as the winner of the prestigious DEMO Africa 2015 event which was…
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BUSINESS
SimbaPay announces Instant Deposit Service to all Choice Bank accounts in Kenya
SimbaPay has today announced the expansion of its free instant deposit service to Choice Microfinance Bank in Kenya. The digital…
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BUSINESS
Mobile Money: Nigeria to host #RemitAfrica2015 Conference
This year, Nigeria will play host to the REMITAFRICA2015 conference, a mobile money conference organized by MobileMoneyAfrica. The conference, which…
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News
Equity officially launches Equitel as subscribers hit one million mark
Equity Bank Group yesterday launched its much awaited Equitel, a new mobile payment and banking platform for its customers –that…
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BUSINESS
SimbaPay launches world’s first international access to M-Pesa PayBill
SimbaPay has launched a service that will allow Kenyans living abroad to make M-Pesa PayBill payments, a new addition to the existing…
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BUSINESS
HomeSend Wins ”Best Payment Product” in Africa Award
HomeSend, has received the 2015 “Best Payment Product in Africa” award at the Asian Banker Middle East and Africa Awards.…
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Startups
Video: Is Africa Ready For Bitcoins?- Interview with BitPesa CEO, Elizabeth Rosiello
When BitPesa launched its services in Kenya to provide cheap and fast remittance services to Kenya using Bitcoin, the founders…
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BUSINESS
Vodafone launches M-Pesa payments between Tanzania and Kenya
Vodafone has launched Mpesa transfer services between Tanzania and Kenya. A service which it says will see M-Pesa customers from…
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BUSINESS
Mobile money: MoneyGram Agent Network in Africa hits 25,000 Locations
MoneyGram agent network in Africa has reached 25,000 locations, the company has announced. This according to the company is after …
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News
Somalia’s first cash machine opens in Mogadishu
Somalia’s first-ever cash withdrawal machine has been installed in the capital, Mogadishu. According to BBC News Africa the machine,…
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News
Facebook Plans to Launch a Mobile Payments Service
Facebook is preparing to join the mobile-payments race with remittances and electronic-money services on the social network. According to a…
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