Ghana
Oceanbase Supports Palmpay to Reduce Its Database Cost by 80%
OceanBase, an enterprise-level distributed relational database provider, announced that its database solution has been deployed and put into operation in the core IT systems of PalmPay, a leading fintech platform in Africa. PalmPay, the first Africa-based customer to adopt OceanBase,
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Fintech Search Queries Most Prevalent in Nigeria
Singapore, Nigeria and Hong Kong are the three locations in the world where people are searching for the term “fintech” the most, a finding which suggests that people in these locations have the highest level of interest in the topic,
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Africa’s Demand for Payment Hubs Rises to Address the Continent’s Interoperability Gap
Africa is a world leader in mobile money, with Kenya and Ghana having the highest rates of mobile payment use in the world after China. The continent’s 55 countries are home to around 171 mobile money wallets, more than 1,000
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Bank of Ghana Introduces Regulatory Fintech Sandbox
Following a successful pilot implementation, Bank of Ghana launched now its Regulatory and Innovation Sandbox developed in collaboration with EMTECH Solutions. This is in line with the Bank’s commitment to continuously evolve a conducive regulatory environment that fosters innovation, financial
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TradeDepot Secures US$110m to Scale BNPL Service to Retail SMEs
B2B ecommerce and embedded finance platform TradeDepot has raised US$110 million in a Series B equity and debt funding round. The International Finance Corporation (IFC) led the Series B. Participating investors included Novastar, Sahel Capital, CDC Group, and Endeavor Catalyst.
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FSD Africa to Launch BimaLab Insurtech Accelerator in Ghana and Nigeria
Specialist development agency Financial Sector Deepening (FSD) Africa is set to be launching its insurtech accelerator program in Ghana and Nigeria in 2022. The agency will be launching its BimaLab Insurtech Accelerator Program in the two West African countries next
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6 Biggest African Fintech Hubs Take the Spotlight
African fintech hubs have grown rapidly in the past few years, leading to pockets of fintech development across the continent. According to Findexable’s Global Fintech Rankings Report, 14 of the top Middle East and African fintech hubs came from the
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4 CBDC Projects in Africa You Need to Know
Central bank digital currencies, or CBDCs, are not a new concept to Africa. Multiple CBDC projects in Africa currently exist, even amidst a wider fintech boom across the continent. In an interview, Dr. Co-Pierre Georg, an expert on CBDCs, explains
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UK’s Ghana International Bank Taps Backbase to Spur its Digital Strategy
Ghana International Bank (GHIB), a UK-headquartered pan-African bank, announced that it has partnered with engagement banking technology provider Backbase. The partnership will underpin the bank’s digital transformation, accelerate innovation and, by allowing GHIB to create tailor-made solutions, provide an enhanced,
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Ghanaian E-Wallet Zeepay Secures US$ 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 equity and balance sheet funds to support its operations. The fundraise was led by I&P, an impact investing group with
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