Payments News

On The Web

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Deals

MFS Africa Invests in Maviance

“MFS Africa, a pan-African fintech company, operating the largest digital payments hub on the continent, had provided seed investment of $3m to Maviance, a Cameroon-based fintech provider. Maviance will be using the new funding to increase its footprint in its Cameroon and to expand into other countries in the central African economic region (CEMAC).    […]
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Global

Africa’s Digital Payments Race Becomes a Scramble

“The prospect of a cashless Africa has triggered a scramble for control of its payments plumbing. The continent’s top telecoms operators have become big financial players thanks to their “mobile money” networks, which provide basic banking to tens of millions through handsets. If China is a guide, that could make them gatekeepers to a fintech […]
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Global

This Fintech Solution Helps African Refugees Store and Send Money

“Leaf—the winner of the developing world technology category in Fast Company’s 2021 World Changing Ideas Awards —is a money storage solution that allows these individuals to carry digital cash into Kenya, Uganda, and Rwanda, where Leaf currently operates. “It is a digital wallet that goes with the customer wherever they go,” Samples says. “Think of […]
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Domains

Ivorian Startup Afrikrea Partners With DHL and Visa to Launch SaaS E-commerce Platform ANKA

“The platform called ANKA will allow users to sell from Africa, ship products to anywhere in the world and get paid through local and international African payment methods… The platform lets users sell via an omnichannel dashboard with a single inventory, orders and messages management. Customers can carry out transactions via a customized online storefront like […]
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Global

African Fintechs Collaborate To Interlink Mobile Money And Digital Assets

“The Seychelles-based Securities, Commodities and Derivatives Exchange ( SECDEX ), and KOINON , the global Digital Coin and Token based payment platform, are pleased to announce a collaboration to foster the intersection of African B2C and B2B payments and dynamic asset conversion between fiat currencies, cryptocurrencies and a broader range of digital assets. This initiative […]
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Deals

African Payments Company Flutterwave Raises $170M, Now Valued at Over $1B

“The proliferation of fintech services across Africa remains in full swing as investors remain bullish about the opportunities that abound in the sector. Today we behold another unicorn: African payments company Flutterwave announced that it has closed $170 million, valuing the company over $1 billion. New York-based private investment firm Avenir Growth Capital and U.S. hedge fund and […]
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Companies

MasterCard Helps Launch a Digital Payments Platform in Africa

“The digital and card payments giant has launched a payment platform in Africa that will help clients adopt and use mobile-based payments. This is initially being launched across 40 African countries, with it being made available for use immediately in some of the biggest African economies such as Nigeria, South Africa, Kenya and Ghana. This […]

On The Wires

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Deals

Zeepay Ghana Acquires Mangwee Mobile Money in Zambia

“Zeepay , the leading African Challenger Fintech with operations in over 10 African countries today acquired a 51 percent stake in Mangwee Mobile Money in Zambia… Mangwee has been in operations since 2018, and was initially set up to operate as an alternative wallet targeting university students in Zambia with the aim of assisting to […]
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Companies

Mastercard and MTN Empower Millions of Consumers in Africa to Make Payments on Global Platforms – MTN Group

“Mastercard and MTN today announced a strategic partnership to enable millions of consumers in 16 countries across Africa to make global e-commerce payments safely and securely. Through a Mastercard virtual payment solution linked to MTN MoMo (Mobile Money) wallets, consumers and merchants can engage with brands and businesses abroad through digital commerce, extending their reach […]