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Africa’s telecommunications and technology industries have attracted the second highest number of Foreign Direct Investment (FDI) projects in 2020, after business services. Nigeria and South Africa lead in attracting FDI. This is according to the Africa Attractiveness Report 2021 released by EY which emphasised that the modernisation of telecommunications networks by regional operators has helped to attract...

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Global payments platform MasterCard has been integrated with Zimbabwe’s electronic payments platform, Zimswitch, which means that locals can now make seamless domestic and international e-commerce transactions using one bank card. BancABC, the local unit of Atlas Mara, is the first Zimbabwean bank to issue a debit and credit card that will enable Zimswitch and MasterCard...

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Mobile financial services technology company VYZYO, and the national provider of postal and financial services in Cameroon CAMPOST have entered into a partnership to deploy and operate digital payment and mobile financial services throughout Cameroon. According to information supplied to the media, VYZYO will initially deploy its VYZYOPay solution for CAMPOST. The mobile financial services...

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Vodacom Financial Services is inviting developers and businesses to join the VodaPay ecosystem by building their own “Mini Programs”. Developed by Vodacom Financial Services, in partnership with global digital lifestyle services platform Alipay, VodaPay is a mobile payments solution that has been customised to meet the specific lifestyle and payment needs of consumers, businesses and...

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The previous obstacles to payments between different mobile money service subscribers will soon be a memory. Financial inclusion is expected to increase in Rwanda by the end of 2021. In virtual plenary session, the Chamber of Deputies of the National Assembly of Rwanda adopted on Monday 1 st March, the resolution of interoperability with financial services, including mobile. It...