Category: Fintech
Somalia introduces instant payment systems to facilitate safe transactions
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On Wednesday, January 22, 2025, Somali Prime Minister Hamza Abdi Barre officially introduced the Somali Instant Payment System…
Five major Kenyan associations merge to form FinTech Alliance
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Five associations have united to establish the FinTech Alliance (TFA), with the goal of driving the growth and…
Nigerian fintech Accrue lands $1.58 million seed investment
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Accrue, a 2021 crypto investment app, raised USD 1.58 million seed funding led by Lattice Fund. Participating investors…
Mastercard, KCB Bank partner to introduce multi-currency prepaid card in Kenya
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KCB Bank Kenya has partnered with Mastercard, to introduce the country’s first multi-currency prepaid card, which accepts 11…
Moniepoint, Visa partner to foster SMEs’ growth across Africa
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Visa, a multinational payment corporation, has made a strategic investment in Nigerian fintech unicorn Moniepoint to support its…
Palmpay targets remittances, explores Asian market
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On Wednesday, Nigerian fintech company PalmPay announced its plans to enter the remittance sector as part of its…
PalmPay pays N4 billion interest to over 10 million Nigerians through savings, investment platform
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According to PalmPay, more than 10 million Nigerians received N4 billion in interest payments from the company in…
Klasha launches ‘Pay to China’ to enhance cross-border payment between Africa and China
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Klasha announced the introduction of its newest cross-border payment service – Pay to China, on Tuesday to enhance…
Safaricom’s M-PESA officially launches Ziidi Money Market Fund in Kenya
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On Tuesday, Safaricom, in collaboration with two fund managers, Standard Investment Bank and ALA Capital Limited, announced the…
Egypt-based Raseedi acquires Kashat, offers nano-loans up to 3,000 EGP to customers
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Egypt-based fintech business Raseedi announced on Wednesday the acquisition of Kashat and its subsidiary Pharos Microfinance S.A.E. in…
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