Econet Wireless Zimbabwe has set up banking booths in rural areas to allow people to conduct financial transactions. Pensioners can now access their funds through the programme, thanks to a collaboration between the country’s largest operator and the government’s National Social Security Authority (NSSA). The company says the initiative will reduce the need for underserved...
Global Technology Partners (GTP) and African fintech InTouch are teaming up in bridging the gap between digital payment platforms and card-based transactions; a move aimed at driving financial inclusion on the continent. GTP, an MFS Africa company, specialises in creating processing and payment solutions for the prepaid industry and currently operates in more than 30 countries with 20...
This week will see a potentially significant development for the Sierra Leonean economy as the Bank of Sierra Leone officially launches the National Payment Switch, a system that, it is hoped, will move the country closer to achieving the objective of building a cashless economy. The switch is a platform that facilitates interconnection and interoperability...
NMB Bank has pledged to continue investing in research to come up with technologically driven banking solutions as part of its commitment to enhancing financial inclusion and bridging the unbanked gap in Tanzania. The revelation was made by the NMB Bank Chief Executive Officer Ms Ruth Zaipuna during a meeting with Minister for Community Development,...
Zimbabwe has confirmed approval of capital raising solutions provider Lloyd Crowd Funding, and money transfer service Uhuru Innovative Solutions to its Fintech regulatory sandbox. This as the country prepares to publish a public consultation paper focused on Central Bank Digital Currency (CBDC). Earlier this year, the Reserve Bank of Zimbabwe (RBZ) – which has continued...
Telkom Kenya is reportedly planning on introducing a credit product called T-Kash Loan. According to Techweez, the product has not been activated yet but the company has indicated on the T-Kash app that it is “coming soon.” T-Kash is a mobile payment solution owned by Telkom, a telecommunication provider with a presence in more than 38...
Digital transformation continues to advance in Africa. The Ghanaian government is multiplying initiatives to achieve financial inclusion for a population of which a large part is still unbanked. The Bank of Ghana last week launched GhanaPay, a mobile money service aimed at accelerating financial inclusion in the country. This service is open to traditional banks, rural banks,...
Visa, a world leader in digital payments, has today opened a new Innovation Studio in Nairobi, Kenya. The studio is its first dedicated innovation site in Sub-Saharan Africa (SSA). According to a press release, this facility will serve the sub-Saharan Africa region and joins a network of innovation centres operated by Visa since 2016, in...
The customers of TMCEL, one of the largest telecom firms in Mozambique, will now be able to benefit from the financial ease offered by Ericsson’s mobile financial services solutions as TMCEL went live with the Ericsson Wallet Platform yesterday. Ericsson’s solution is expected to broaden the community of financial transactions by further contributing to the...
B2B eCommerce and embedded finance platform TradeDepot has acquired Ghanaian B2B eCommerce platform Green Lion to accelerate service delivery in the country. According to a TradeDepot, Green Lion was founded in 2018 and is focused on revolutionising access to essential goods and services, and enabling digital commerce for neighbourhood retailers in Ghana. Building on this...
