IFC partners with Vodafone M-PESA Mozambique to digitize payments in the agricultural sector

The International Finance Corporation (IFC) signed this Tuesday, February 20, 2024, a new cooperation agreement with Vodafone M-PESA Mozambique. It aims to explore the possibilities of extending Vodafone’s mobile payment services in rural areas for the benefit of small farmers. The telecom operator would like to intervene in the agricultural sector, which relies mainly on...

US-Africa remittance process gets boost from new partnership

Alviere, a leading embedded finance platform provider, has announced that it has been chosen by Onafriq, Africa’s largest digital payments network, to enable payments and remittances from the United States to Africa. Onafriq connects various  payment schemes with more than 500 million mobile wallets, over 200 million bank accounts, and 400,000 small-to-medium businesses in its...

Visa and Pesaflow want to improve digital payments in Kenya

Kenya’s payments platform, Pesaflow, and Visa, a digital payments giant, have partnered to improve digital payments within the Kenyan government. This collaboration could significantly improve the effectiveness, transparency, and inclusivity of public services while also encouraging financial inclusion. Pesaflow is a platform that offers a single citizen profile and easy access to more than 5,000...

EcoCash increased six-fold in Zimbabwe’s turbulent economy

Transaction volumes for Zimbabwe’s popular mobile money, EcoCash, increased six-fold in the third quarter ending November, 2023, as wallet funding increased. EcoCash Holdings Group said in a trade update yesterday that it has consolidated its gains over the quarter. According to EcoCash, Zimbabwe’s most popular mobile money has continued to develop, navigating numerous macroeconomic upheavals...

Vodafone partners with Microsoft to accelerate M-Pesa development using AI and cloud

M-Pesa, the mobile payment platform of Vodacom and Safaricom, will benefit from the support of American technology company Microsoft to accelerate its development using artificial intelligence (AI) and the cloud. This is part of the clauses of a partnership agreement signed on Tuesday, January 16, between Microsoft and the British company Vodafone, parent company of Vodacom....

MTN Group counts on Ericsson Wallet Platform in fintech drive

Ericsson and MTN Group have strengthened their relationship to provide mobile banking services and financially empower millions of African citizens. The alliance aims to increase financial inclusion from first-time consumers to high-end enterprise applications by leveraging MTN’s Mobile Money (MoMo) service on the Ericsson Wallet Platform. Ericsson Wallet Platform conducts over 400 million mobile wallets...

Ethiopia: M-Pesa, Chapa form an alliance targeting Ethiopian merchants

Chapa, an Ethiopian fintech, has teamed with Safaricom M-Pesa Mobile Financial Services to offer M-Pesa services through its payment aggregator platform. The companies announced the yesterday, saying that it will make transactions easier for both merchants and M-Pesa clients in the Ethiopian market. Since its launch a few months ago, M-Pesa, Africa’s largest fintech platform,...

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