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Dashen Bank Joins Hands With Thunes to Enhance Cross-Border Payments to Ethiopia

Ethiopia-based Dashen Bank has partnered with Singapore-headquartered cross-border payments platform Thunes to increase the ease of sending international payments to

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Payments Firm Cellulant Secures License to Operate From the Bank of Tanzania

Tanzania-based Cellulant Corporation has received approval to operate as a Payment Solution Service Provider (PSSP) from the Bank of Tanzania.

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Nigeria’s FairMoney Raises US$42 Million for Its Digital Banking Ambition

FairMoney, a Nigerian neobank with a credit-led model, announced that it had raised US$42 million in a Series B funding

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UK’s Ghana International Bank Taps Backbase to Spur its Digital Strategy

Ghana International Bank (GHIB), a UK-headquartered pan-African bank, announced that it has partnered with engagement banking technology provider Backbase. The

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Ghanaian E-Wallet Zeepay Secures US$ 7.9 Million in Series A Funding

Ghanaian digital wallet Zeepay announced completion of a US$ 7.9 million Series A funding that is a hybrid of both

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Interest in Fintech Picks up in Cameroon

Cameroon’s nascent fintech industry is gaining traction this year, a trend reflected by rising digital financial services adoption, considerable funding

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AAR Insurance Partners With Safaricom to Migrate to AWS Cloud

AAR Insurance has inked a deal with telecommunications provider Safaricom to roll out new technology infrastructure based on the Amazon

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Standard Bank Partners Microsoft to Accelerate Digital Transformation in Africa

Standard Bank and Microsoft announced a strategic partnership to accelerate its digital transformation. The bank’s growing investment in the Microsoft

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United Bank for Africa Taps Irish Digital Banking Provider Layer for Digital Drive

Ireland’s digital banking platform provider, Layer has announced that it is partnering with United Bank for Africa (UBA) to fuel

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IFC Launches DigiLab Finance to Boost Tech Adoption Among African Banks

The International Finance Corporation (IFC) launched its DigiLab Finance training and support programme to increase financial inclusion as well as

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Zimbabwe, Togo and Zambia Showed Significant Growth in Fintech Interest Since the Past Year

Over the past year, Latvia, Zimbabwe and Israel have witnessed the highest surge in fintech interest worldwide, an analysis by

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Fintech Development in Algeria Lags Behind MENA Counterparts

Despite strong mobile phone penetration and high mobile broadband connectivity, fintech development in Algeria is still underwhelming compared to other

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Vodacom Tanzania Now Offers Mondia Pay and M-Pesa Payment Options

Digital payments company Mondia Pay and mobile money service M-Pesa have partnered to allow Tanzanians to conveniently access Mondia’s suite

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Global Partnership Led by Safaricom Bags Ethiopia’s Telecoms License for $850 Million

Global Partnership, an international consortium, has been awarded a license to operate telecommunications services in Ethiopia from 2022 onwards. Reuters

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South Africa, Nigeria and Kenya: Africa’s Largest Fintech Hubs

In Africa, South Africa, Nigeria and Kenya have the three most developed fintech ecosystems, combining more than 450 companies. This

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Tunesian Fintech Expensya Secures $20 Million for European Expansion Plans

Expensya, a Tunisian-French expense management software provider, announced that it has raised $20 million in funds. The investment came from

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FIS Expands Payment Capabilities Into South Africa and Nigeria

FIS, an American Fortune 500 company which offers a wide range of financial products and services, announced that it is

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Nigerian Open Finance Startup Okra Secures $3.5m Seed Round

Okra, Africa’s Open Finance API announced its $3.5m Seed raise. The round was led by US-based Susa Ventures, with participation

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Morocco Grabs the Third Spot in Arab’s Fintech Space Behind UAE and Egypt

Morocco is the third largest fintech hub in the Arab world, hosting 13% of all 400 active fintech solutions, or

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Egyptian Payments Firm Paymob Completes Series A Funding Of US$18.5 Million

Egypt’s digital payments provider Paymob announced that it has secured US$15 million in a second tranche of its Series A

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Nigerian Core Banking Provider Appzone Secures US$10 Million Funding

Appzone, a Pan-African fintech software provider building proprietary solutions for the continent’s banking and payments industries, has announced the close

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EFG Hermes Announces Partnership With Lulu Group International In Egypt

EFG Hermes, a financial services corporation in frontier emerging markets (FEM), announced the launch of a new partnership between its

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Nigeria Lays Groundwork for Open Banking

With a booming fintech sector, the Nigerian government and regulators are now setting the foundation for open banking, releasing regulatory

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Mobile Money Boom Lays Foundation for Fintech In Kenya

Home to over 150 fintech companies, Kenya has one of the biggest and most developed fintech ecosystems in the African

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Uganda’s Tugende Raises Additional $3.6 Million Funding to Fuel SME Lending

Tugende, a technology enabled asset finance company in East Africa, announced that it has closed $3.6 million in additional equity

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Kigali International Financial Center Reveals Rwanda’s Ambitions to be the African Hub

Rwanda Finance Limited (RFL), a state owned company mandated by the government, has launched the Kigali International Financial Center (KIFC).

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Fintech in Africa will Boom in 2022: Fintech News Network Launches Its 8th Publication

The Fintech News Network is pleased to announce the launch of our eighth publication; Fintech News Africa. The Fintech News

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Ethiopian Fintech Scene Shows Great Promise as Africa’s Next Fintech Hub

Ethiopia’s large population of unbanked, the government’s current digital push, and recent finance reforms are bringing new opportunities for fintech

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Flutterwave Clinches Unicorn Status With US$170 Million Funding

African payments company Flutterwave announced that it has secured US$170 million during its Series C round, attaining unicorn status with

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Citi Unveils Digitised Documentation for Cross-Border Payments

Citi has announced the launch of a new service for its institutional clients that speeds up the processing of their

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Salt Telco’s Fintech Arm Tackles Micro Lending in Africa—And Potentially Europe

Peer to Peer (P2P) Lending Market is projected to grow at a CAGR of 51.5% from 2016 to 2022, to reach

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10 Top Fintech Startups in Egypt to Keep an Eye On

As one of the most populous countries in the Middle East topped with a large unbanked population Egypt is fertile

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Why Are 80% of Central Banks Looking into Digital Currencies?

In 2019, 80% of central banks were engaged in work related to central bank digital currency (CBDC), compared with 70%

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Why Egypt’s Fintech Boom is Inevitable

Here are a few facts about Egypt. The country is home to 100 million people, making it the most populous

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10 Insurtech Game Changers

Insurtechs enable insurance carriers to innovate much faster than they do today. Their innovative solutions dramatically improve the primary process

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Fintech to Solve Financial Exclusion in Egypt

In Egypt, fintech is set to play a key role in providing basic financial services to the large pool of

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Fintech In South Africa: A Quick Overview

Market demand for innovative products and services has been pushing fintech innovation in South Africa. In respond to the rapid

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Egypt’s Central Bank Announces an EGP 1 Bil Fintech Fund and Regulatory Sandbox

The Central Bank of Egypt (CBE) will establish an EGP 1 billion innovations support fund to finance Egypt’s fintech startups—called

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Egypt’s new national card meeza Accepted now on PayFort’s Payment Gateway

PayFort, an Amazon company, has announced that merchants using its online payment gateway will now be able to accept payments

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